The Mt. Gox dude won't let Bitcoin prices rise

[Canis Majoris]

Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again.

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[pereira4]

Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again.

I think it's confirmed that he sold big amounts at the exact times that we saw these sharp red candles, and they tracked the amounts coming from MtGox addresses... Mr Kobayashi is a direct attack on Bitcoin. Trace Mayer or someone with influence on Kraken should tell him to get the fuck out immediately, they need to go OTC, this cannot be tolerated.

if they cannot get their shit together soon, someone else will. A guy with that many coins with only one mission: to crush the market, is a target. He needs to go OTC and he needs go OTC now.

Even if he isn't dumping anymore, everyone is paranoid about until the japanese government makes an official statement about what they are going to do.

[LFC_Bitcoin]

Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again.

I think it's confirmed that he sold big amounts at the exact times that we saw these sharp red candles, and they tracked the amounts coming from MtGox addresses... Mr Kobayashi is a direct attack on Bitcoin. Trace Mayer or someone with influence on Kraken should tell him to get the fuck out immediately, they need to go OTC, this cannot be tolerated.

if they cannot get their shit together soon, someone else will. A guy with that many coins with only one mission: to crush the market, is a target. He needs to go OTC and he needs go OTC now.

Even if he isn't dumping anymore, everyone is paranoid about until the japanese government makes an official statement about what they are going to do.

I think somebody needs to take a look at what Russia has done in the UK to that spy. Something similar happening to this MtGox trustee would he sweet revenge.

[JanpriX]

An article that I've read few days ago stated that Kobayashi won't be selling any BTC for now. If I'm not mistaken, he will just keep it until September of this year though we could take his word with a grain of salt. We don't know if he will adhere to that arrangement and even if we can monitor the addresses where those coins are located, we still can't anything to stop it from being sold off. I just can't believe that the huge presence of Mt. Gox still lingers in today's age and that same entity could bring huge effect to the market (whatever it does).

Well, we can't oblige him to sell it as OTC and he doesn't have any responsibility to follow us, the community regarding our requests.

I guess what I would wish right now is that Kobayashi should just vanish from the face of the earth without any trace along with his BTC. We doesn't need that person anyway.

[Canis Majoris]

Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again.

I think it's confirmed that he sold big amounts at the exact times that we saw these sharp red candles, and they tracked the amounts coming from MtGox addresses... Mr Kobayashi is a direct attack on Bitcoin. Trace Mayer or someone with influence on Kraken should tell him to get the fuck out immediately, they need to go OTC, this cannot be tolerated.

if they cannot get their shit together soon, someone else will. A guy with that many coins with only one mission: to crush the market, is a target. He needs to go OTC and he needs go OTC now.

Even if he isn't dumping anymore, everyone is paranoid about until the japanese government makes an official statement about what they are going to do.

I agree with you so much. However, how do we know that he didn't actually try to sell the coins off the market first? He may in fact have tried but there might not have been enough buyers or the price was not as good as he would get in the open market. Let's not forget also that he started selling at or near the top. And that was 20k dollars, not something that you would easily sneeze at or dismiss lightly. Was there anyone willing to buy that many bitcoins at so high a price in the first place? This is the question we should ask ourselves before making sweeping accusations. Besides, it is a free market after all, isn't it?

[gentlemand]

Why do people keep acting like he's just another bearwhale? He's employed by the court. The court decides.

The necessary amount of money to pay everyone back has now been raised. He will not be permitted to dump anything else. His job is done on that front. All the remaining coins have not had their future settled.

The most likely outcomes are either they all go back to Gox shareholders or they're distributed to the victims. Neither requires this bloke to sell anything, nor will he have the right to.

[Idrisu]

Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again.

How can we allow one man to put us in this type of conduction. What should we do to stop him from bringing the price down? Should we stop buying from him and warning that nobody should buy his remaining coins?  All this question keep coming to my mind often and I have no answer to them. Maybe something serious need to happen for him to not be able to put those coins in sales.

[UnDerDoG81]

Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again.

I think it's confirmed that he sold big amounts at the exact times that we saw these sharp red candles, and they tracked the amounts coming from MtGox addresses... Mr Kobayashi is a direct attack on Bitcoin. Trace Mayer or someone with influence on Kraken should tell him to get the fuck out immediately, they need to go OTC, this cannot be tolerated.

if they cannot get their shit together soon, someone else will. A guy with that many coins with only one mission: to crush the market, is a target. He needs to go OTC and he needs go OTC now.

Even if he isn't dumping anymore, everyone is paranoid about until the japanese government makes an official statement about what they are going to do.

I think somebody needs to take a look at what Russia has done in the UK to that spy. Something similar happening to this MtGox trustee would he sweet revenge.

I think main target should be Karpeles. That fat asshole does not deserve to breath the air of this planet.

[richardsNY]

I think it's safe to say that while some sort of conservative position due to the gox dumpings are justified, we shouldn't further exaggerate the situation. In this case we should just accept that it isn't mtgox being an obstacle for our growth, but the lower demand itself. The hype of last year sparked the overall demand to such insane levels, that we might soon experience even lower levels due to a further decline of speculative hype. I don't rule out another visit below the $7000 level again, but I am confident in the previous bottom to remain strong, and that's the most important thing here. Let people panic, and I'll gladly buy their coins.

[stompix]

How can we allow one man to put us in this type of conduction. What should we do to stop him from bringing the price down? Should we stop buying from him and warning that nobody should buy his remaining coins?  All this question keep coming to my mind often and I have no answer to them. Maybe something serious need to happen for him to not be able to put those coins in sales.

No, no and no.
I really don't understand what's all the panic.
He sold bitcoin, he did it in not such a "friendly" fashion and now we should act becuase?
We should start acting like a central bank and regulate how much you're allowed to sell and buy?
How are we going to be any different from the so called whales when we're planning to manipulate the price?

It's a free market, deal with it.

Let's assume Satoshi wakes up tomorrow from his slumber and sells 10 000 BTC..what do you plan on doing....

I think somebody needs to take a look at what Russia has done in the UK to that spy. Something similar happening to this MtGox trustee would he sweet revenge.

oh...whack him?

I really don't understand what happened this week.
The forum is getting nuts with crazy ideas like we're close to extinction and we need a solution.
Grab a beer (I actually typed bear first time) and enjoy the weekend

[shursight]

Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him.

Bullshit, the price is not going up because there is not enough demand at the moment.

This demand will come again once that all those retarded dumbasses who are selling regret about it, and trust me, it will happen sooner than what you think.

Mt Gox is giving us a dip, but not very relevant.

[FLoving]

Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him.

Bullshit, the price is not going up because there is not enough demand at the moment.

This demand will come again once that all those retarded dumbasses who are selling regret about it, and trust me, it will happen sooner than what you think.

Mt Gox is giving us a dip, but not very relevant.

Yes the demand is not here because the new people/investors are worried about the price that where will it go. When once the price get some stability and we will start buying bitcoin with our money then it is a hope that the price of bitcoin will start rising again. I will also suggest you people to invite other people and investors to invest their money in bitcoin because if we will do that then the demand of it will increase and we will see the rise in the price.

[figmentofmyass]

The necessary amount of money to pay everyone back has now been raised. He will not be permitted to dump anything else. His job is done on that front. All the remaining coins have not had their future settled.

The most likely outcomes are either they all go back to Gox shareholders or they're distributed to the victims. Neither requires this bloke to sell anything, nor will he have the right to.

that was my initial thinking when the report from the creditor meeting was released. but why did the trustee specifically say this:

I plan to consult with the court and determine further sale of BTC and BCC.

what's the legal basis for further sale of BTC and BCC? it sure sounds like it's possible.

[Herbert2020]

i disagree.
the Mt Gox dude drama may have forces some people to stay away but the demand never went away. it is still there and it is still buying and pushing the price up. the difference however is that there is a bigger sell pressure now that it has ever been before. and that is not only cancelling the buy support but also it is stronger than it.

what i am trying to say is that price is not rising, not because there is fear but because there is a big dumping going on.

[swissgang]

Sell those bitcoin and we can get rid of this fear  but there will be always such threat this is not the first and will not be the last. Just Hodl

[Denker]

Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again.

You know that the majority of these coins will go to Mt. Gox shareholders right? The last news was that what had to be paid is paid and therefore more selling is not likely. And even if it should happen I can assure you it won't happen over an exchange again, now where everybody is aware of that. IF another selling happens it will be over the counter!
Furthermore we've plenty of early adopters with tens of thousands and hundreds of thousands of coins! The Winklevoss hold over 100k coins! Roger Ver probably had over 100k coins. Erik Vorhees sold SatoshiDice for over 120k coin back in the days!
Does this stopped Bitcoin rising to almost $20k?? No!

[Zicadis]

Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him.

Bullshit, the price is not going up because there is not enough demand at the moment.

This demand will come again once that all those retarded dumbasses who are selling regret about it, and trust me, it will happen sooner than what you think.

Mt Gox is giving us a dip, but not very relevant.

Yes the demand is not here because the new people/investors are worried about the price that where will it go. When once the price get some stability and we will start buying bitcoin with our money then it is a hope that the price of bitcoin will start rising again. I will also suggest you people to invite other people and investors to invest their money in bitcoin because if we will do that then the demand of it will increase and we will see the rise in the price.

I agree people have retracted from further investing as they know these guys could destabilize the bitcoin market but am sure they won't just dump either as there is a real opportunity to make some money once prices and demand start to go up.

Sell those bitcoin and we can get rid of this fear  but there will be always such threat this is not the first and will not be the last. Just Hodl

A change of hands to more hodlers will be far much better than one group having so much coins in their reach.

[manismanja]

Well, it is not so much about him selling the remaining 160k Mt. Gox coins he has in his wallet as about the fear that many, if not all, buyers of crypto now have because of him. It doesn't even matter if the price crash as of recent was actually due to his massive sell-off, though the evidence seems to be overwhelming. In fact, he may not even sell them at all, not a single satoshi, though this is unlikely given the circumstances, but people will still think that one day he goes nuts about selling these coins at any price, and then prices will be halved again extremely fast. Therefore, Bitcoin won't rise until these coins are gone for good, burned or otherwise disposed of, and people become confident and positive again.

it seems terrible but anyway bitcoin enthusiasts are also very much automatic MT gox will lose and not able to fight all bitcoin supporters. not only that the condition of bitcoin availability is also very limited and very high demand is certain the price will not drop to severe.

[Samarkand]

...

Let's assume Satoshi wakes up tomorrow from his slumber and sells 10 000 BTC..what do you plan on doing....

...

Buy them all and ask him if he is selling any additional BTC by any chance 

On a more serious note I don´t think that the person, who is controlling the
Mt. Gox funds is even allowed to sell any additional Bitcoins until the Japanese court
that handles the bankruptcy proceedings gives their consent.

Therefore it is highly unlikely that any additional funds from the Mt. Gox holdings will
be sold in the foreseeable future. The whole bankrupty proceedings are already lasting
for years and I don´t predict any sudden changes in the speed of the operations
of the Japanese court.

We are probably looking at additional sell pressure from these coins in late 2019, early
2020, but definitely not this year.

[tokeweed]

Where's Tim Draper or the Winklevoss twins?  They could make a deal with the Japanese court to buy or request to auction some of those BTC instead of dumping them in the open market, which is so retarded btw...