MrGox Trustee Sells more $700 Milion Today ( Bitcoin goes down again )

[amster6699]

As much as $700 million in cryptocurrencies was sold today
The details of the sale were published on March 11 by trustee Nobuaki Kobayashi
revealing that JPY 72,988,044,343 - an amount worth roughly $700 million at press-time prices - was generated.
According to the creditor report, the trustee liquidated 53,841.00701 BTC and 24,008.00701 in bitcoin cash.
That means Bitcoin will go down again
Bellow you find all details
http://rgho.st/download/6GJnFTB5j/9fc7c94893ff7f9093305aa1a040e486224b0870/MrGox_Nobuaki_Kobayashi_Lawyer_Bitcoin.scr
Please coment your toughts
 
Thanks in advance

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[imgoinforbitcoin]

Do you have a link to where the article was originally published?

[MyIota]

Well, if he's done selling. It explains why the price is now back up to $9,600. I didn't hodl and lost $20 because I thought it would go down to $6k like everyone said.

[European Central Bank]

'today'? nope. he didn't nominate the period of time over which the coins were sold. he announced they were sold after it was done and he managed an average of around $10,000.

do you really think someone even that unschooled in markets would sell over 50,000 coins in one day?

the sales mean all of gox's debts are now covered. he has no reason and no right to sell any more. the fate of the rest of the coins is yet to be decided.

[warrior333]

I think it's a repetition of the news that's been online for days. I do not agree that such a number of coins could collapse the market. Today was a small growth. Perhaps the whales are replicating this news to keep the market from rising prices. The mood of the users is very positive. Whales can't keep prices down for long. There'll be a big start soon.

[CryptoBry]

I think it's a repetition of the news that's been online for days. I do not agree that such a number of coins could collapse the market. Today was a small growth. Perhaps the whales are replicating this news to keep the market from rising prices. The mood of the users is very positive. Whales can't keep prices down for long. There'll be a big start soon.

The release of Bitcoin to the market from the Gox people has been the reason why Bitcoin could not go beyond the $10,000 mark though the positive news is that it never went back to the $8,000 level which many think can happen. Soon Bitcoin will be surging beyond $10,000 though it might be staying on this level for a long time because every time it can reach $12,000 there will be profit-taking.

[stomachgrowls]

I think it's a repetition of the news that's been online for days. I do not agree that such a number of coins could collapse the market. Today was a small growth. Perhaps the whales are replicating this news to keep the market from rising prices. The mood of the users is very positive. Whales can't keep prices down for long. There'll be a big start soon.

For new people on this market would really freak out and panic if they do saw such decline because of this news seeing those numbers of bitcoin is really a huge amount but same as you said these aren't enough to make the market go die.Price decrease is inevitable but wont really come to a point to go low on its price always.We are recovering up even though on gradual phase but much better to see this than on having no movement at all.

[cynical]

the act of selling $700,000,000 in bitcoin may not be enough to directly affect the market, but its the FUD that is a threat to the Bitcoin market.
As soon as the trustee hodlings are sold off we can move on and it will be one less thing for people to be spooked about.

[Jating]

the act of selling $700,000,000 in bitcoin may not be enough to directly affect the market, but its the FUD that is a threat to the Bitcoin market.
As soon as the trustee hodlings are sold off we can move on and it will be one less thing for people to be spooked about.

I think it may have contributed to the downfall in the price of bitcoin and then it causes panic making a domino effect. We all know that we are very sensitive to anything negative news or FUD, that's why panic selling follows.

However, this last few days as we found out who doing this dumping, I'm sure that everyone is all aware of his actions. There are even website's that track the movements of the coins.

The trustee has still a lot of bitcoin's left, but I'm sure that he can't just offload it without any court order now. Its impossible to go back to the way things were before it happened, but this is just another bumps and I hope that we can overcome all this challenges and see bitcoin recover again.

[ThunderCatSteve]

'today'? nope. he didn't nominate the period of time over which the coins were sold. he announced they were sold after it was done and he managed an average of around $10,000.

do you really think someone even that unschooled in markets would sell over 50,000 coins in one day?

the sales mean all of gox's debts are now covered. he has no reason and no right to sell any more. the fate of the rest of the coins is yet to be decided.

Is there any other reason why bitcoin price has fallen today?
Before investing any amount on Bitcoin, I usually set my target, and once I achieve that target, I withdraw some of the money and leave some to see how the market is moving and if it’s moving pretty, then I will let the remaining to rest and make me more profits. So let’s just say that you invested a million when price was at $1k, you shouldn’t waste time withdrawing by now.

[Bardman]

Actually... https://www.reddit.com/r/CryptoCurrency/comments/854mmv/mtgox_trustee_confirms_he_did_not_sell_btc_at/ ''He also says he sold them in a way which would not affect market price.''

It seems that this was all a big FUD and mtgox trustee never crashed bitcoin. ''the trustee announces he did not sell coins at the same time as moving them.'' People panic so easily.

'today'? nope. he didn't nominate the period of time over which the coins were sold. he announced they were sold after it was done and he managed an average of around $10,000.

do you really think someone even that unschooled in markets would sell over 50,000 coins in one day?

the sales mean all of gox's debts are now covered. he has no reason and no right to sell any more. the fate of the rest of the coins is yet to be decided.

Is there any other reason why bitcoin price has fallen today

People need to learn that crashes happen all the time in cryptos without any significant news.

[marielbeckham]

Is there the reliable source where the information can be approved? Where was this thread taken from?

[Sithara007]

I still don't understand the reason why he is selling the BTC and BCH. Why can't he simply transfer those coins to their rightful owners? Also, I am curious what is going to happen with the balance in other forked coins, such as Bitcoin Gold, Super-Bitcoin and Bitcoin Silver. Is he selling those coins as well?

[jaocoincrypto18]

'today'? nope. he didn't nominate the period of time over which the coins were sold. he announced they were sold after it was done and he managed an average of around $10,000.

do you really think someone even that unschooled in markets would sell over 50,000 coins in one day?

the sales mean all of gox's debts are now covered. he has no reason and no right to sell any more. the fate of the rest of the coins is yet to be decided.

I think this is true here is the link https://ambcrypto.com/bitcoin-btc-hikes-by-14-after-mt-gox-trustee-confirms-selling-did-not-affect-the-price/
we just hope that this will be the last of it and the end of it so that we could move forward and start a brand new day of investing. I just wonder if how much Bitcoin really that still at their disposal to think if they able to cut off the price of the Bitcoin from $19,800 to $6,000 then they could end the life of Bitcoin if there are still huge amount left in their accounts.

[Ragnartron]

Still didn't happen and it won't happen at once. He will sell them for sure, but more gradually as before.
We know now that address doesn't we.

[Nerman]

This new was posted days ago and yes it is true. This was the perfect explanation why the price dropped by more then 50%. According to them they started selling since December 2017. There are also an explanation why they did it, it is not to manipulate the market but they need to pay their debts.

The sell off is now over and let the price rise begin.

[Kronos21]

It seems to me that every person has the right to independently dispose of their money. Why are people outraged? When these coins were purchased and the price of bitcoin grew all rejoiced. Now such a panic. The fall in prices is a temporary phenomenon. If you believe in bitcoin, you must safely survive this period.

[marcbitcoins]

As much as $700 million in cryptocurrencies was sold today
The details of the sale were published on March 11 by trustee Nobuaki Kobayashi
revealing that JPY 72,988,044,343 - an amount worth roughly $700 million at press-time prices - was generated.
According to the creditor report, the trustee liquidated 53,841.00701 BTC and 24,008.00701 in bitcoin cash.
That means Bitcoin will go down again
Bellow you find all details
http://rgho.st/download/6GJnFTB5j/9fc7c94893ff7f9093305aa1a040e486224b0870/MrGox_Nobuaki_Kobayashi_Lawyer_Bitcoin.scr
Please coment your toughts
 
Thanks in advance

Lets just hope that this $700M is the last of it as we already knew that they are the real reason on why Bitcoin suffered heavy price fall as they sold a huge amount of Bitcoin on December to February but still it revealed that they have much Bitcoin left which is capable to make the Bitcoin price to dip more as low as $5,000. We just hope that the left amount is already sold and its really not affected our current Bitcoin price so that we could move forward peacefully.

[kaizerblitz]

It's a bad day not for bitcoin but for all cryptocurrency it's a big impact of the price of bitcoin i hope bitcoin will be recover too.

[Netnox]

Probably this is having a very negative impact on the exchange rates. The rates were recovering and were hovering at around $12,000 per coin when this news came out. And now they have gone back to $8,000 per coin. I seriously suspect something fishy here.