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Author Topic: 10.000 bitcoins moved from gox wallet ready to short BTC  (Read 217 times)
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April 03, 2018, 12:05:13 PM
 #1

https://blockchain.info/nl/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

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April 03, 2018, 12:56:01 PM
 #2


Hmm interesting Need to confirm this because when i read the news it was said that mt gox will not be liquidating any btc untill july month.
Btc is just starting to get some momentum if this is true then its not good for the market.
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April 03, 2018, 01:12:56 PM
 #3


Hmm interesting Need to confirm this because when i read the news it was said that mt gox will not be liquidating any btc untill july month.
Btc is just starting to get some momentum if this is true then its not good for the market.

I also thought they'd be making some announcements before doing any selling. At least that's what they've said before. Let's just follow how this money flow anyway.

 
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April 03, 2018, 01:15:37 PM
 #4

Hmm interesting Need to confirm this because when i read the news it was said that mt gox will not be liquidating any btc untill july month.
Btc is just starting to get some momentum if this is true then its not good for the market.
Even if that is the case, it would be good for the market in the long run since that big amount of bitcoins would be diversified, and will be released from the hold of a single entity making market healthier. I wonder though if they will really use it to short BTC because if they will I guess we are going back to 4000 USD, maybe lower depending on what is the market's reaction. The biggest question right now though is if history will repeat itself or not anymore? And will it be caused by mt. Gox again?
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April 03, 2018, 01:27:47 PM
 #5

Not MtGox - you know there are other wales in the wild

https://www.cryptoground.com/mtgox-cold-wallet-monitor/
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April 03, 2018, 02:03:09 PM
 #6

10.000 bitcoins moved from gox wallet ready to short BTC

I assume you mean this guy moved his 10k BTC to sell them and not short. When you short Bitcoin you don't use BTC. Shortening means you lend them from an exchange. He might long bitcoin and he send his coins to an exchange to long. If and here is huge if this guy with thai 10k BTC is margin trading he can only go long.   But most likely  he is or selling or buying something or just moving them.

To bad there is no was no crapit it added when was added merit. I would for sure donate you some crapit for this crap post.
 


Hmm interesting Need to confirm this because when i read the news it was said that mt gox will not be liquidating any btc untill july month.
Btc is just starting to get some momentum if this is true then its not good for the market.


There is no need to sell any Bitcoin anymore since they have enough money to pay all that MtGox is in debt. The rest coins will be returned to MtGox owners.  They will be able to move them as they please.

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April 03, 2018, 02:24:24 PM
 #7

At this point in time when a good part of the people who entered after November are in panic, this type of news has a destructive potential. We need to be careful about commenting on this. There are already several tools that monitor the portfolios associated with the trust. It is well documented.

Not MtGox - you know there are other wales in the wild

https://www.cryptoground.com/mtgox-cold-wallet-monitor/

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April 03, 2018, 03:10:52 PM
Merited by LFC_Bitcoin (1)
 #8

Still no clear evidence that coins being moved from that address means coins being sold in the market. They could be moved to someone's address for OTC trading or any other reason. I think what caused the transactions with the crashes was people speculating around it and reacting negatively around it. Just stop fucking panic selling every time that account moves funds and we will be ok.

There's also money going in that address for some reason that no one has explained yet. We don't know what's going on and dumping your coins because they moved them somewhere it's as much of a risk as holding, so just hodl.
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April 03, 2018, 03:15:59 PM
 #9

Its not a short if they own the coins.  A normal short is to borrow other peoples coins at a higher price, sell then repay at the low price.    That matters because every short now is a future buyer, hence strong reversals occur.

The Gox Bitcoins were never lost that I read so the market should not have ignored the transfer of them.     Basically all this means, its a short term blip and nothing has changed to the overall BTC supply and demand.

Sure the Gox coins will find a way onto exchange and feed supply for buyers, meaning a lower price but Bitcoin is a big market and even Gox is not much compared to the overall weekly supply and demand.   The person selling the Gox coins knows this, they wont dump on 1 day on just 1 exchange, the price wont be best then

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BillCoin
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April 03, 2018, 04:02:11 PM
 #10

It's a confirmed mt.gox wallet, on that we can agree, but what makes you think that this bitcoins are going for short positions?
We should wait to see whether the receiptent sends the funds to a known cold storage of an exchange, if it's true, then we can be 90% sure that the bitcoins are going to be sold.
I can't see how an exchange holds this funds online and not offline.
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April 03, 2018, 04:02:40 PM
Merited by richardsNY (1)
 #11

I don't understand why people keep going nuts over this. Everything is being taking care of in a legal manner, which means that these coins can't and won't get dumped randomly, especially not if you take into consideration that there is nothing left to sell for - the required amount to pay victims back is already present. Also, you guys need to try harder to cause panic, the 10,000BTC were sent to a Bittrex wallet. Nice try.

https://chainz.cryptoid.info/btc/address.dws?1N52wHoVR79PMDishab2XmRHsbekCdGquK.htm
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April 03, 2018, 04:03:46 PM
 #12

I didn't quite get what a short was.  Is it a fake buy when the sale doesn't go through.  It all sounds very dodgy to me. 
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April 03, 2018, 04:16:01 PM
 #13

What a crock of shit.

Do you really believe that a Japanese bankruptcy court has the interest or right to get on Yobit and start fucking around with coins that don't belong to them? They control them. They do not own them.

Stop thinking like internet zombie brats and start thinking like functioning adults. There must be a few here.

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April 03, 2018, 04:56:37 PM
 #14

Will affect in the short term only if it is confirmed that these currencies have already sold but since the market did not see a rebound (1%-3%), I do not think that's what happened.
Good news: There are still 10,000 bitcoins in the market and have not been lost or wasted.
16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk  recive 7,000 BTC 2018-03-24, 4,500 BTC 2018-03-19 and 5,000 BTC 2018-03-06

More good news: you can send $ 74,134,900.00 using $ 0.30 fees

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April 03, 2018, 05:03:11 PM
 #15

Initially it was pretty understandable that people go nuts over the MtGox dump situation, but at this stage its getting pathetic because it firstly isn't MtGox moving these coins, and secondly, there will be no more sales.

If you think logically, market movers monitor these coins 24/7, where if there was a move of funds noticed, they would react to that, regardless of what will happen with the coins, and that isn't the case.

Another thing is that when a large balance wallet is moving or relocating coins, it doesn't mean a whale is going to short Bitcoin. In +90% of the cases these are exchange activities, and very easy to spot.

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April 03, 2018, 06:52:17 PM
 #16

How did these  large quantities fall in the hands of this fellow. Mtgox has turned out to be the number one enemy of cryptocurrency and I think they aim is to tell the market. However, to me it is a good thing and this is going to make bitcoin falls into the hands of those that may be interested in bitcoin development.

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April 03, 2018, 09:00:04 PM
Merited by richardsNY (1)
 #17


This looks like FUD. Let's confirm:

First of all, what makes you think it's from the Gox wallet? I can't find it on the (admittedly incomplete) list of addresses here: https://www.reddit.com/r/mtgoxinsolvency/comments/82m0dl/mtgox_trustee_has_sold_some_btc_and_bch/dvd2vre/

Second, the receiving address for those 10,000 BTC is part of a Bittrex wallet: https://www.walletexplorer.com/wallet/Bittrex.com?from_address=1N52wHoVR79PMDishab2XmRHsbekCdGquK

... You can't sell for fiat money on Bittrex, and they don't have any OTC service that I know of. So it wouldn't make any sense for the trustee to send coins there.

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April 03, 2018, 11:22:40 PM
 #18

This isn't the Mt.Gox coins that were supposedly found and tracked.  Strange that none of those coins has moved even when they said they were selling.    I think this is a different amount that must have been found or someone else. Remember--Gox lost 800,000+ BTC.   

The trustee said they had a deal with an exchange to move the coins.. Well, we now know it's Bittrex.   Where the hell did that rinky dink altcoin exchange suddenly come up with 200,000 BTC?   

I just tracked some of that 10,000 coins that moved from the Bittrex cold wallet to it's hot wallet.  Then I followed a few 400BTC sends to Bitstamp and another exchange.   They'll soon be moving those coins to other exchanges to dump on the market.   It usually takes 24-48hours to get the coins distributed to exchanges and bots set up to dump them.   
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April 03, 2018, 11:51:25 PM
 #19

Cats out of the bag..  Since I posted this they just sent 700 btc to one exchange and 400btc to another.
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April 03, 2018, 11:52:32 PM
 #20

I thought it was agreed that they wouldn’t sell via an exchange again & that it’d be done OTC in the future?

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