Winter is coming?

[NASer122]

I don't care if it's winter, I only want to live, the real master should be the people who changed the national currency into bitcoin.

[dongle]

Can bitcoin go to zero? No, why not? Because not all countries are one mind. No one and no organization can kill bitcoin.

[ckorbba]

Can bitcoin go to zero? No, why not? Because not all countries are one mind. No one and no organization can kill bitcoin.

The fact is that this is the pyramid of Samara day and without anyone's help. Just look at how the market reacted when a different number of coins were thrown onto the market. Bitcoin does not have that value to confirm its price.

[jacafbiz]

I don't know but for those big money looking to get into crypto it make sense to allow the price to crash and get it cheap later. I personally don't know the exchange on which the sale is going on but if this figure is crashing the makret this shows how thinning the whole market is because I feel we should be able to absorb that amount of BTC entering the market

[waaat?]

Can bitcoin go to zero? No, why not? Because not all countries are one mind. No one and no organization can kill bitcoin.

BTC is hardly. Too many money was invested. And too large whales have already entered. But we need some great correction. 90% of all tokens are shit. And we need to clear market

[KwizatzHaderach]

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

February and March have always been a bad month for BTC. Markets should warm up during April and May.

[Tol9n]

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

Bitcoin surely will fall, for the altcoins are not sure, they must sometimes not be so dependent on the top. We hope that the whole market will turn over and the leaders will change.

[DefDope66]

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

How cold will this winter get?

[bigcash2011]

I do not think it will matter much, as btc still has daily volume over 100 billion, so if some one sell even $50 million worth btc at a time, it will not have any major effect on market, bulls will be back soon we just need more volume and buying momentum.

[r95222]

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

February and March have always been a bad month for BTC. Markets should warm up during April and May.

'
Or June and July   It's not statistics only. Now we see directional attack. 'A la ger com a la ger' or somehow so. The best strategy is wait and a few trade to increase own deposits  
Easy, guys

[Dalmar]

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

Bitcoin surely will fall, for the altcoins are not sure, they must sometimes not be so dependent on the top. We hope that the whole market will turn over and the leaders will change.

All altcoins follow the price of bitcoin during both bear and bull market. Nothing is guaranteed in cryptos so let's hope for the best possible scenarios. Mt Gox selling pressure is threat for future prices of bitcoin and unfortunately we dont have a power to change this reality as a community of crypto enthusiasts.

[Crypdon]

At least we know that the next dip will start in September. From April until then it will be a sharp upwards correction, back to the ATH and then further up the mountain. It will plateau as he starts to sell but i doubt he will want to crash the market completely. He saw what happened last time, it won't be repeated.

[SPINPIX]

I don't think they will dump the price much more, they have to refond all the mtgox cliente that lost a lot of money back in the past, it's not in their interest, they will surely try to keep the price up to refound ad much ad possible

[GreatOrchid]

Nah, it wont go down more than what is right now, i am expecting to see bitcoin between $7800 and $9200 from those last weeks of march and the middle of april.

Let's expect to see it going up, but it is good to have a stable bitcoin right now.

I don't think they will dump the price much more, they have to refond all the mtgox cliente that lost a lot of money back in the past, it's not in their interest, they will surely try to keep the price up to refound ad much ad possible

[Febo]

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

There is nothing remaining. he rest will be returned to MtGox owners.  What was sold is what MtGox is over to debtors. Now they have USD to return them.  Basiclly sell happened at end of January and beginning of February. In only 3 weeks that is why had some impact.  If he would start selling in November and was selling 3 months instead of 3 weeks would have zero impact.

[jhontwis]

Good days will come. Keeping up is sometimes very difficult. I think this moving market is devastating to me. Bitchco will get better price levels. Basic logic patience.

[JetSet11]

Winter does seem to be here. Prepare for the long haul, since it seems like we'll be in a bear market for at least a few more months.

[d5000]

In my opinion, no single seller should be able to move the market on his own - except maybe Satoshi himself.

The coincidence of Kobayashi's sells with some price movements are interesting, but they wouldn't have driven the price down if the market hadn't overheated and the bubble was about to burst. Many investors were taking their profits in the last months, so if Kobayashi had some influence, it only amplified an existing trend.

I don't rule out a crypto winter, but for other reasons. The reason is that much money flew into cryptocurrency projects that do not have any chance to succeed - at least, they have absolutely no possibility to make the majority of their investors "rich" in some way, and that's what they were promising. The reasons are varied: some were outright scams from the beginning, others have only a tiny niche market, others have shady "features" that don't solve problems nor generate new use cases, and others are developing their proposal way too slow.

People are selling these "hypecoins" now that fueled the extreme 2017 rally. Some coins like XVG lost about 90% of its value during the peak, while Bitcoin, with only a 60% loss, is still one of the more stable cryptocurrencies and increasing its dominance again. I expect this trend to continue, and most of the hypecoins will fall into total irrelevance.

I expect there will be a slow trend reversal for some technically interesting altcoins in the second half of 2018. For the rest, the winter will continue.

[paul gatt]

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

Right! There will be a big shock for newcomers to bitcoin. When bitcoin has lowered the price. They gave up a bit of cash to buy the bitcoin but could not get it back but lost. That is sad. Virtual world money is not successful so everyone must learn thoroughly. First of all, earn a bit of hard work from the campaigns that bitcoin offers.

[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.

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.

35K BTC are just 280-400M, depend on rates. Bitcoin alone have 10x daily volume.

Yes, they are 280-400M cash flow withdraw, but it can't cause a 50% price drop. Otherwise we could count crypto's as dead if 1% of total cap withdraw can ruin it with 50%.