Bitcoin Forum
October 18, 2018, 09:19:26 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Mt Gox confirms he didn't crash the market, panic sellers did (again)  (Read 226 times)
pereira4
Legendary
*
Offline Offline

Activity: 1386
Merit: 1052


View Profile
March 17, 2018, 04:44:33 PM
Merited by mfort312 (1)
 #1

Apparently, he didn't sell the coins the same day he moved the coins, which is when it was speculated that the big selloffs happened. He only moved them, didn't sell them. The pdf was updated today in the mtgox website:

https://www.mtgox.com/img/pdf/20180317_qa.pdf

If this is true, the it just's another demonstration of the schizophrenic people looking for news to dump their coins. We have a bunch of weak handed panic sellers looking for FUD news to dump. Everytime these guys sell and the coins go in the hands of holders is good news.
1539897566
Hero Member
*
Offline Offline

Posts: 1539897566

View Profile Personal Message (Offline)

Ignore
1539897566
Reply with quote  #2

1539897566
Report to moderator
1539897566
Hero Member
*
Offline Offline

Posts: 1539897566

View Profile Personal Message (Offline)

Ignore
1539897566
Reply with quote  #2

1539897566
Report to moderator
1539897566
Hero Member
*
Offline Offline

Posts: 1539897566

View Profile Personal Message (Offline)

Ignore
1539897566
Reply with quote  #2

1539897566
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1539897566
Hero Member
*
Offline Offline

Posts: 1539897566

View Profile Personal Message (Offline)

Ignore
1539897566
Reply with quote  #2

1539897566
Report to moderator
cryptocrusher
Full Member
***
Offline Offline

Activity: 350
Merit: 135


View Profile
March 17, 2018, 05:58:58 PM
 #2

People latch on to bad news so much more so than they do positive news so this isn't surprising. It's good news that the coins move to stronger hands but even some of them will be shaken off from events like these or they might not have fiat spare to buy more coins.

samson
Legendary
*
Offline Offline

Activity: 1540
Merit: 1012


View Profile
March 17, 2018, 06:11:06 PM
 #3

Yeah I reckon some MtGox coins started to move and everyone who knew about it rushed to dump their coins resulting in the crash.

It was going to crash anyway but this might have brought it forward a bit.

1Referee
Legendary
*
Offline Offline

Activity: 1666
Merit: 1205


View Profile
March 17, 2018, 06:27:02 PM
 #4

It doesn't really matter anymore. The price was bound to go down anyway, so whether it's the speculation about MtGox dumps, or just the lower overall demand, it's the same in the end. If one thing became clear over the last months, the ranges have only gone lower and lower. People for now need to adjust their expectations to significantly lower levels, because the support of the last weeks wasn't able to maintain $11,000/$10,000/$9000, and perhaps not even the $8000 level. The less you expect from the short term market, the less disappointment you'll face. In other words, don't even dare to speculate about $50,000 this year.

pereira4
Legendary
*
Offline Offline

Activity: 1386
Merit: 1052


View Profile
March 17, 2018, 06:41:04 PM
Merited by 1Referee (1)
 #5

It doesn't really matter anymore. The price was bound to go down anyway, so whether it's the speculation about MtGox dumps, or just the lower overall demand, it's the same in the end. If one thing became clear over the last months, the ranges have only gone lower and lower. People for now need to adjust their expectations to significantly lower levels, because the support of the last weeks wasn't able to maintain $11,000/$10,000/$9000, and perhaps not even the $8000 level. The less you expect from the short term market, the less disappointment you'll face. In other words, don't even dare to speculate about $50,000 this year.

A single tweet could destroy all technical analysis, for instance, Trump making a positive tweet about bitcoin, Jeff Bezos making a positive tweet about Bitcoin, or anyone with influence could pump the price and end the bear market, and technical analysts would say that their TA predicted it...

Bitcoin is too new of an asset, people can't properly value it, it's impossible to call the start or end of bull or bear markets.
cryptokwuk
Jr. Member
*
Online Online

Activity: 58
Merit: 1


View Profile
March 17, 2018, 07:03:00 PM
 #6

Oh boy, if you thought we'd seen the sell-off.

Once this news hits mainstream media the real sell-off will begin as people realize how fake and fragile Bitcoin Core market really is!
godzillarekt007
Full Member
***
Offline Offline

Activity: 252
Merit: 106


Two Worlds, One Solution


View Profile
March 17, 2018, 07:10:12 PM
 #7

Gotta view this as a silver lining moment and I almost had a feeling that day that the trustee wouldn't market sell like that. Also had a weird gut feeling that some are looking for any reason to jump ship and they got it. Well good for them and good for us, now we have some stronger hands holding Smiley.

CRYPTAL DASH ❍ ❍ ❍ Exchange is LIVE, we're giving away4,7m$ in   trading credits
███████ Twitter   |   Facebook   |   Blog   |   Website   |   Whitepaper  ████████
███████   Telegram   |   Bounty Telegram   |   ANN Thread   |   Bounty Thread   ███████
1Referee
Legendary
*
Offline Offline

Activity: 1666
Merit: 1205


View Profile
March 17, 2018, 07:11:17 PM
 #8

A single tweet could destroy all technical analysis, for instance, Trump making a positive tweet about bitcoin, Jeff Bezos making a positive tweet about Bitcoin, or anyone with influence could pump the price and end the bear market, and technical analysts would say that their TA predicted it...

Bitcoin is too new of an asset, people can't properly value it, it's impossible to call the start or end of bull or bear markets.

Agreed. I don't know how much time this market will need to mature properly, but I think it's safe to say that it has to be done through properly regulating this market, and then mainly the exchanges. At the moment CBOE opened its future markets, they had to halt trading several times because of the fluctuations Bitcoin was experiencing. These market/security measures are what we need, and I seriously expect them to be a must for each exchange within a few years. Bitcoin's free market is a great advantage, but at the same time also its main obstacle. And then we also have the poor liquidity forming an obstacle. It's basically a combination of everything, but we have to deal with it for now. These times are great for traders, but not so great for the newer market participants.

exstasie
Hero Member
*****
Offline Offline

Activity: 966
Merit: 546


View Profile
March 17, 2018, 09:18:53 PM
 #9

No surprise here. Bear markets are just supply overtaking demand. People like to blame news or FUD, but these cycles play out time and time again.

Oh boy, if you thought we'd seen the sell-off.

Once this news hits mainstream media the real sell-off will begin as people realize how fake and fragile Bitcoin Core market really is!

The "Bitcoin Core market?" LOL. I'm assuming that's a not-so-subtle shill for BCH? If you hadn't noticed, when the Bitcoin market crashes, the BCH and altcoin markets crash harder.  Be careful what you wish for. Tongue

hosseinimr93
Sr. Member
****
Offline Offline

Activity: 532
Merit: 250


dApps Development Automation Platform


View Profile
March 17, 2018, 09:34:56 PM
 #10

That is what always is happening. Before something bad happen or there is only a fake news of happening something bad, that's panic sellers who crash the market.


            ▄▄▄▄
        ▄▄████████▄▄
    ▄▄████████████████▄▄
 ▄████████████████████████▄
██████████▀▀███████████████
██████████▄   ▀█████████████
████████████▄   ▀███████████
██████████████▄   ▀█████████
█████████████▀   ▄██████████
███████████▀   ▄████████████
██████████▄  ▄██████████████
███████████████████████████
 ▀████████████████████████▀
    ▀▀████████████████▀▀
        ▀▀████████▀▀
            ▀▀▀

⬢⬢

⬢⬢



       ▄▄▄▄
   ▄▄████████▄▄
▄██████████▀▀▀█▀█▄
██ ▀█████▀     ▀██
██▌   ▀▀▀      ███
███▄           ███
████▀         ████
▀████▄     ▄▄████▀
   ▀▀▄▄▄▄████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄████████████████▄
██████████▀▀  ▐███
██████▀▀  ▄   ████
███▀   ▄█▀   ▐████
████▄▄█▀     █████
▀█████▌ ▄▄▄ ▐████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄███████▀   ▐████▄
████████  ▄███████
██████      ██████
████████  ████████
████████  ████████
▀███████  ███████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄██▀█▀███▄▄
▄███▀▀▀ ▀ ▀▀█████▄
██████ ████▄ █████
██████ ▀▀▀▀ ▄█████
██████ ▄▄▄▄ ▀█████
██████ ████▀ █████
▀███▄▄▄ ▄ ▄▄█████▀
   ▀▀██▄█▄███▀▀
       ▀▀▀▀


██████████████████
Yle725
Jr. Member
*
Offline Offline

Activity: 93
Merit: 1

The future is your Genome


View Profile
March 17, 2018, 09:50:48 PM
 #11

As what I know, he sold about 40k BTC, and he still has 150k BTC. I fear this..

SHIVOM  ──  The Future is your Genome! Own it.
Join our Token Campaign!  ──  https://shivom.io/
vit05
Sr. Member
****
Offline Offline

Activity: 434
Merit: 301



View Profile WWW
March 17, 2018, 09:55:02 PM
 #12

  I still think they should have sold by auction or by OTC. It would be very interesting if large groups of people who follow the idea of HODL could participate. Thus, they would avoid any possibility of a large dump. And in the long run, it would be very beneficial for everyone.


````````````````███████████
```````````█████████████████████
```````█████████████████████████████
`````````█████████████████████████
````````````████████████████████
```████``````````````````````````````████
`████████`````````````````````````███████
`█████████``````██████████````````████████
█████████`````██████████████```````████████
████████`````████████████████``````████████
`████████`````███████████████``````████████
``████████`````████████████```````████████
``███████````````████████``````````███████
```███```````````````````````````````████
````````````███████████████████
`````````██████████████████████████
```````█████████████████████████████
``````````██████████████████████
````````````````██████████
EtherMium██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
ralle14
Legendary
*
Offline Offline

Activity: 1148
Merit: 1064

wapinter bounty http://t.me/wapinter


View Profile
March 17, 2018, 10:06:29 PM
 #13

That is what always is happening. Before something bad happen or there is only a fake news of happening something bad, that's panic sellers who crash the market.
That shows how powerful bad news can be to the investors of bitcoin.

This might be true because a week ago I remember seeing a thread about the lists of mtgox addresses that add up for 160,000 btc and none of them were moved until now so the report from those crypto news site about the trustee selling 40k are fake but then again the trustee could still sell the coins without having to move them on another address.

Edit: Found it for those who are interested to check the thread.

                ▄▄▄▄▄▄
           ▄▄█████████       ▐█▄▄
        ▄██████▀▀            ▐█████▄
      ▄████▀                 ▐██▛▜███▄
    ▄█████▄                  ▐██▌  ▀███▄
   ▄███▀█████▄              ▗▟██▌    ▜███▖
  ███▀    ▀█████▄▄        ▄████▀▘     ▝███▖
 ███▀        ▀▀█████▄▄ ▄▄███▀▀         ▝███
▐███             ▀▀███████▀             ▐██▌
███                 ▀███▀                ███
███                  ███                 ███
███                  ███                 ███
███                  ███                 ███
▐███              ▄██████▄▄             ▐██▌
███▄          ▄████▀  ▀▀███▄▄         ▗███
  ███▙      ▄████▀▀       ▀▀████▄▄    ▄███▘
   ▀███▄    ███▀              ▀▀████▄████▘
    ▀████▄  ███                  ▀█████▀
      ▀████████                ▄▄████▀
        ▀▀█████           ▄▄▄█████▀▀
           ▀▀██      █████████▛▀
                     ▀▀▀▀▀▀
.
Vena Network

.an Open Agreement For Asset Financing and Tokenization.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━                                                              ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━                                                              ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
WhitePaper            ‾‾‾‾‾‾‾‾‾   Luoshu Agreement   ‾‾‾‾‾‾‾‾‾              Announce 

Telegram    ‾‾    Github
OO.Join Our Bounty.OO
Twitter    ‾‾    FaceBook
barota
Sr. Member
****
Offline Offline

Activity: 574
Merit: 250


View Profile
March 17, 2018, 10:32:53 PM
 #14

mtgox Even if he sells btc he will not say that

With regard dump ; It will be at any moment because Circulating Supply 16 924 912 BTC ( 16.9 m btc !!!!!)

some people advertise for false news and in the end the loser is the one who buys expensive

You should not give for something more than its value

hase0278
Hero Member
*****
Offline Offline

Activity: 882
Merit: 535



View Profile
March 17, 2018, 11:32:47 PM
 #15

As what I know, he sold about 40k BTC, and he still has 150k BTC. I fear this..
As indicated in the news linked by the OP, he only moved the coins, not sold them. Why fear it if those coins can bring forth another good opportunity to buy? I think any investor who doesn't have that much bitcoin at the moment should be rejoicing the moment he dumped all those not just because of a bearish trend, but because those coins will be distributed and fear of mt. Gox coins would be gone.

        ▄▄███████████▄▄
     ▄██▀▀           ▀▀██▄
   ▄█▀   ▄▄█████████▄▄   ▀█▄
  █▀  ▄███████▌ █▌ █████▄  ▀█
 █▀  ██  ██         ▀█████  ▀█
▐█  ██▀▀█████   ▄▄▄   █████  █▌
█▌ ▐██▄▄████▌  ████   █████▌ ▐█
█  ███  ████        ▄███████  █
█▌ ▐█▀▀████▌   ▄▄▄  ▀██████▌ ▐█
▐█  █▄▄████   ████   ▐█████  █▌
 █▄  ████           ▄█████  ▄█
  █▄  ▀████  ███  ██████▀  ▄█
   ▀█▄   ▀▀█████████▀▀   ▄█▀
     ▀██▄▄           ▄▄██▀
        ▀▀███████████▀▀
bitcore.
...The Future Is Now...
▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄

        ██
██████
        ██
        ██████
        ██
██████
        ██
        ██████
        ██
██████
                 ▄▄██
 ▄██████████████████████▄
█▀         ▄▄██▀▀   ██  ▀█
█▄     ▄▄██▀▀        ██  █
█▀█████████████████████████▄
█                          ▀█
█                           █
█              ▄████▄       █
█             ██▀  ▀██      █
█            ▐█▌    ▐████████
█             ██▄  ▄██      █
█              ▀████▀       █
█                           █
█▄                         ▄█
 ▀█████████████████████████▀
.
iOs
Android

        ██
        ██████
        ██
██████
        ██
        ██████
        ██
██████
        ██
        ██████


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███               ███
▐██   ▐█▄   ▄███▄   ██▌
██▌    ███▄██████▀  ▐██
██▌    ▐████████    ▐██
▐██     ▐██████     ██▌
 ███   ▀█████▀     ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███       ▄███    ███
▐██       █████     ██▌
██▌       ███       ▐██
██▌     ███████     ▐██
▐██       ███       ██▌
 ███      ███      ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███         ▄▄█▌  ███
▐██      ▄▄█████    ██▌
██▌   ▄████████     ▐██
██▌  ▐████████      ▐██
▐██    ▀▀████       ██▌
 ███     ▀██       ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀
Website
ANN
Block Explorer
jhenfelipe
Hero Member
*****
Offline Offline

Activity: 952
Merit: 550


View Profile
March 17, 2018, 11:38:29 PM
 #16

A single tweet could destroy all technical analysis, for instance, Trump making a positive tweet about bitcoin, Jeff Bezos making a positive tweet about Bitcoin, or anyone with influence could pump the price and end the bear market, and technical analysts would say that their TA predicted it...

Bitcoin is too new of an asset, people can't properly value it, it's impossible to call the start or end of bull or bear markets.
This is true. Whether it is bad or good news especially when it become trending, people hesitate (to hodl, buy, sell  Huh). News (and source maybe) have a big impact in people's decision (well mostly) regardless if it's true or not, right? That's because reaction/judgement comes first, it's rare that people search/confirm how legit the news was.
John999
Legendary
*
Offline Offline

Activity: 1498
Merit: 1000



View Profile
March 17, 2018, 11:45:41 PM
 #17

This Mtgox selloff will end up like the Silk Road sell off  Wink
fabiorem
Sr. Member
****
Offline Offline

Activity: 532
Merit: 295


View Profile
March 18, 2018, 02:43:27 AM
 #18

Interesting, OP.

So he got OTC then.

We can conclude it was the weak hands who drove the price down.

Now, who will drive it up? There are good news around, but this market is weak.

Fact is that most people want to have their money controlled by banks and governments. They buy bitcoin only for a quick profit. If the profit dont come in just some days, they sell at the first bad news they find. They dont want to hold for years, or to spend their btc to buy stuff. In other words, they dont want to wait.


jseverson
Hero Member
*****
Offline Offline

Activity: 756
Merit: 634


View Profile
March 18, 2018, 04:54:58 AM
 #19

It can't be helped. People are fickle. I wouldn't solely blame panic sellers either. Traders look at opportunities like this to sell, only to buy back once price has recovered. Everyone's speculating, so things like this can't really be helped.

Either way, it doesn't matter in the grand scheme of things. The tech hasn't changed, and hodlers gonna hodl.

Wind_FURY
Hero Member
*****
Offline Offline

Activity: 882
Merit: 675


Crypto-Games.net: Multiple coins, multiple games


View Profile
March 18, 2018, 05:03:22 AM
 #20

I believe no one is to blame. But I would still like to see the official sell orders of the trustee, the dates and the amounts. That information should be made public, right?

Plus Bitcoin was already in "bubble territory" at any rate, the price will always go back to the mean sooner or later.


▄▄▄████████▄▄▄
▄██████████████████▄
▄██████████████████████▄
██████████████████████████
████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
████████████████████████████
██████████████████████████
▀██████████████████████▀
▀██████████████████▀
▀▀▀████████▀▀▀
   ███████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
███████
BTC  ◉PLAY  ◉XMR  ◉DOGE  ◉BCH  ◉STRAT  ◉ETH  ◉GAS  ◉LTC  ◉DASH  ◉PPC
     ▄▄██████████████▄▄
  ▄██████████████████████▄        █████
▄██████████████████████████▄      █████
████ ▄▄▄▄▄ ▄▄▄▄▄▄ ▄▄▄▄▄ ████     ▄██▀
████ █████ ██████ █████ ████    ▄██▀
████ █████ ██████ █████ ████    ██▀
████ █████ ██████ █████ ████    ██
████ ▀▀▀▀▀ ▀▀▀▀▀▀ ▀▀▀▀▀ ████ ▄██████▄
████████████████████████████ ████████
███████▀            ▀███████ ▀██████▀
█████▀                ▀█████
▀██████████████████████████▀
  ▀▀████████████████████▀▀ 
✔️DICE           
✔️BLACKJACK
✔️PLINKO
✔️VIDEO POKER
✔️ROULETTE     
✔️LOTTO
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!