Winter is coming?

[stiucsib86]

Saw this article that show how Mt Gox's trustee trades had an impact that moved the market from Dec 2017 till Feb 2018.

Transactions on exchanges:
Sales #1 (2017-12-22) - 6000 BTC
Sales #2 (2018-01-17) - 8000 BTC
Sales #3 (2018-02-07) - 4000 BTC
Sales #4 (2018-02-08) - 4000 BTC
Sales #5 (2018-02-09) - 10000 BTC

66,344 BTC remaining for Kobayashi to liquidate.

Does this mean BTC (and all other crypto) going to drop further?

Source: https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market

[qwizzie]

I think the anaysis and conclusion in the article of Cointelegraph are rather interesting, as it shows less of an impact of the Mt Gox selling
on the Bitcoin price then was first assumed by many. Basicly it turns out to form a lessor factor in the current longterm downtrend.

This longterm downtrend was anticipathed by many traders ahead of the actual start of the downtrend, only to those new
to the market it all came as a large shock, somehow they got the impression that Bitcoin price would not suffer any longterm
price corrections and would just go straight to the $50.000

With regards to the title of this thread, i think i would have named it : Winter has arrived

[Rggadi]

Well it be in his best interest to not crash the market, rather or he could do so and buy it back up. Probaly just more market manipulation. It feels like many forces restraining bitcoin prices, if they left it alone it be at 25k already.

[aceptamosbitcoin]

Saw this article that show how Mt Gox's trustee trades had an impact that moved the market from Dec 2017 till Feb 2018.

Transactions on exchanges:
Sales #1 (2017-12-22) - 6000 BTC
Sales #2 (2018-01-17) - 8000 BTC
Sales #3 (2018-02-07) - 4000 BTC
Sales #4 (2018-02-08) - 4000 BTC
Sales #5 (2018-02-09) - 10000 BTC

66,344 BTC remaining for Kobayashi to liquidate.

Does this mean BTC (and all other crypto) going to drop further?

Source: https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market

I read another article about Kobayashi, saying that he can't dump the rest before the next court case, appointed for sometime during Q4 2018. But I don't think his BTC was the reason for the price dip. Every month are mined more than 10K BTC and in a single day the volume is much higher.

[slaman29]

I think the anaysis and conclusion in the article of Cointelegraph are rather interesting, as it shows less of an impact of the Mt Gox selling
on the Bitcoin price then was first assumed by many. Basicly it turns out to form a lessor factor in the current longterm downtrend.

This longterm downtrend was anticipathed by many traders ahead of the actual start of the downtrend, only to those new
to the market it all came as a large shock, somehow they got the impression that Bitcoin price would not suffer any longterm
price corrections and would just go straight to the $50.000

With regards to the title of this thread, i think i would have named it : Winter has arrived

Interesting read indeed, and not a bad analysis of the analysis. Like you said, a lot of decently relevant people did say we should prepare for the winter. I recall very well that Charlie Lee in the same week that Litecoin hit its all time high, Tweeted that people should not have short memories. He warned that anyone who had enough years should be happy that crypto was up, but should also be prepared for LTC to dash down to $20 again. Everything happens in cycles. And we should be well prepared for a long winter.

[Hashllenge]

I think the anaysis and conclusion in the article of Cointelegraph are rather interesting, as it shows less of an impact of the Mt Gox selling
on the Bitcoin price then was first assumed by many. Basicly it turns out to form a lessor factor in the current longterm downtrend.

This longterm downtrend was anticipathed by many traders ahead of the actual start of the downtrend, only to those new
to the market it all came as a large shock, somehow they got the impression that Bitcoin price would not suffer any longterm
price corrections and would just go straight to the $50.000

With regards to the title of this thread, i think i would have named it : Winter has arrived

Interesting read indeed, and not a bad analysis of the analysis. Like you said, a lot of decently relevant people did say we should prepare for the winter. I recall very well that Charlie Lee in the same week that Litecoin hit its all time high, Tweeted that people should not have short memories. He warned that anyone who had enough years should be happy that crypto was up, but should also be prepared for LTC to dash down to $20 again. Everything happens in cycles. And we should be well prepared for a long winter.

Yet many people criticised Charles Lee and hated him for that, time is proving him right once again.

I don't know how long this bear market will last but it could be well years. 2013 growth was followed by years of sideways, declines and pain

[kim-yon]

Now that these stolen BTCs are all sold out. The markets were very tempting.

[Teraboy]

Saw this article that show how Mt Gox's trustee trades had an impact that moved the market from Dec 2017 till Feb 2018.

Transactions on exchanges:
Sales #1 (2017-12-22) - 6000 BTC
Sales #2 (2018-01-17) - 8000 BTC
Sales #3 (2018-02-07) - 4000 BTC
Sales #4 (2018-02-08) - 4000 BTC
Sales #5 (2018-02-09) - 10000 BTC

66,344 BTC remaining for Kobayashi to liquidate.

Does this mean BTC (and all other crypto) going to drop further?

Source: https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market

I read another article about Kobayashi, saying that he can't dump the rest before the next court case, appointed for sometime during Q4 2018. But I don't think his BTC was the reason for the price dip. Every month are mined more than 10K BTC and in a single day the volume is much higher.

It was the reason. Can you imagine how 35k worth of bitcoin and 35k bitcoin cash got dumped into the exchange instantly? We saw he that, Kobayashi was not interested in use auction service to sell his bitcoin.
It looks like Kobayashi tries to take advantage of the market. Majority of countries are auctioning their bitcoin that being seized by the miners or the thief.

[Cnut237]

I think it contributed to the drop but it wasn't the driving reason - the market was already in freefall before then.
And as has been said, the rest can't be dumped for a good few months yet pending the court decision.

[EvaGC]

I read somewhere they might rise up again in the middle of the year but not before

[7Pro]

I read another article about Kobayashi, saying that he can't dump the rest before the next court case, appointed for sometime during Q4 2018. But I don't think his BTC was the reason for the price dip. Every month are mined more than 10K BTC and in a single day the volume is much higher.

If the buyers is not strong i think the price will be going down every month after its mined 10k bitcoin in a month.
10k bitcoin is not small amount and i am surprise that the price not going so deep.

[malikusama]

According to the article Kobayashi is planning to sale 166,344 BTC which is only 0.9% of the total bitcoins in the market.
That doesn't make sense that 0.9% will effect the price, however if other whales join the same ship then may be there are chances for a slight downfall but the probability is till too low.

[anggriani]

If winter is coming soon, what should we prepare?
How long will this winter last?

But for the moment I do not really think about it, I just focus on adding my assets to become more.

[DirkDiggler1911]

According to the article Kobayashi is planning to sale 166,344 BTC which is only 0.9% of the total bitcoins in the market.
That doesn't make sense that 0.9% will effect the price, however if other whales join the same ship then may be there are chances for a slight downfall but the probability is till too low.

It will affect the price because most of the people who invested in bitcoin are holding it and not planning to sell, so there are only a few btc on exchanges. 0.9% can totally dump the price to 0

[yunuzov]

Well winter is already here and it’s been a while. Market is suffering for almost three months now and it’s not giving signals of recovery yet. Those sells are effecting the market for sure and it seems they will keep coming but he is also lowering his own income by lowering the price in that short time. If they sell it in very long time spans they can sell it from much better price.

[LeonsBTT]

I think that is just FUD.

[UsernameBitcoin]

The next selling isn't going to happen at least until September as the court has set the date in that month for the next hearing. So relax until than and don't panic till then.

[armarsterling7]

Saw this article that show how Mt Gox's trustee trades had an impact that moved the market from Dec 2017 till Feb 2018.

Transactions on exchanges:
Sales #1 (2017-12-22) - 6000 BTC
Sales #2 (2018-01-17) - 8000 BTC
Sales #3 (2018-02-07) - 4000 BTC
Sales #4 (2018-02-08) - 4000 BTC
Sales #5 (2018-02-09) - 10000 BTC

66,344 BTC remaining for Kobayashi to liquidate.

Does this mean BTC (and all other crypto) going to drop further?

Source: https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market

I do not think bitcoin will drop further. Please trust and invest in bitcoin. As much as investing, the cost of bitcoin will increase dramatically, which is the growth rule of all altcoins in the crypto market.
That's just FUD and you should not believe them. These rumors are cutting the price of the bitcoin because people worry and sell off all their bitcoins.

[Linhkej]

Saw this article that show how Mt Gox's trustee trades had an impact that moved the market from Dec 2017 till Feb 2018.

Transactions on exchanges:
Sales #1 (2017-12-22) - 6000 BTC
Sales #2 (2018-01-17) - 8000 BTC
Sales #3 (2018-02-07) - 4000 BTC
Sales #4 (2018-02-08) - 4000 BTC
Sales #5 (2018-02-09) - 10000 BTC

66,344 BTC remaining for Kobayashi to liquidate.

Does this mean BTC (and all other crypto) going to drop further?

Source: https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market

I do not think the BTC will drop further. Many crypto market experts have estimated the value of bitcoin in 2018 to be $ 30,000 at the end of the year.
I believe that because of the bitcoin price, there are a lot of people involved in investing in bitcoin. So their prices will continue to grow and never go down.

[MFTHC]

This is a chance to buy a cheap bitcoin, but I hear that the remaining 160,000 will have to wait until after September.