blackandred (OP)
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May 11, 2018, 02:09:06 PM |
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bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?
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SUDARMONO
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May 11, 2018, 03:51:52 PM |
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With the amount of bitcoin that big it is for sale and I think it's very influential on the decline in bitcoin prices, and to cope with that it needs big investors to buy that much bitcoin.
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Xester
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May 11, 2018, 03:59:10 PM |
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bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?
There is no solution to it but to just wait. Even if Mt. Gox is dumping their bitcoin but they are not foolish to sell it all at once. They will sell it slowly by waiting for the price to increase and they will sell their btc. They will not dump all of their bitcoins at once since when that happens the price of bitcoin will hover back to 100$ and if that happens Mt. Gox will be left behind again in the bitcoin world. |
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senin
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May 11, 2018, 04:58:53 PM |
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bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?
From the text of the message it is not seen whether Mt. Gox a new batch of its bitcoins in 6,000 pieces? If so, that's why the bitcoin rate has now dropped. Apparently, Mt. Gox will throw out periodically such batches of bitcoins and therefore bitcoin can not significantly increase in price. As soon as its price rises, Mt. Gox again will thus lower it. It's sad, but there's nothing we can do about it. It remains only to observe from the side behind the events. Each owner of bitcoins has the right to sell them. It's still good that he does not sell all his bitcoins at the same time. Although in this case, he would have lost a lot from this, because he would have significantly lowered the price of bitcoin and his bitcoins would have already been sold quite cheaply. Therefore, it is in his interest to throw out their bitcoins on the market in small batches and then expect its recovery in value. |
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ManaMan
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May 11, 2018, 05:02:45 PM |
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bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?
In my opinion people are overthinking everything. Whenever there is some fall in prices many seem to go and blame the whales, blame the Gox etc. Even if they opt to dump huge batch of bitcoins now it is not the end of the world. Maybe we won't see 20k this year or whatever but over the time if bitcoin shows itself to be good alternative to some assets/fiat price should raise. |
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brickafterbrickwalldpt
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May 11, 2018, 05:06:53 PM |
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I'm surprised that barely 6 thousand BTC can make the whole market panic. I don't understand investors who are selling their BTC right now, but there is nothing we can do about it, unfortunately. Mt.Gox will continue to sell their remaining bitcoins for a long time. I'm surprised that they decided to sell it right now. If I were them, I woud wait a little bit more. It seemed like Bitcoin was slowly recovering. Let's hope that this dip won't have any impact on Bitcoin in the future. There is one thing I know. They won't dump everything at once.
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trupero_uno
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May 11, 2018, 05:08:00 PM |
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bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?
I guess it is understandable if some party who own many bitcoin to sell right now if they think has obtained some profit margin, perhaps they bought big amount of bitcoin during bitcoin less than 7000. Hence by selling 9000 in less than a month, they can gain a profit more than 10%.....Good profit I think. |
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jpespa
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May 11, 2018, 05:11:17 PM |
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Well it is not about blaming the whales but no matter how you look at it since bitcoin's price falls everytime large amount of bitcoins are being dump then the one who dumps becomes one of the reasons why. But ofcourse we cannot stop it since it is his rights to do anything on what he's holding.
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ajochems
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May 11, 2018, 05:13:08 PM |
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bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?
Holding your bitcoin is the only solution for the future .If the whale sell their huge bitcoin,their may be some fluctuation in the market.But keep in mind,it is not permanent.This make some fluctuation in a market.Everything will be fine after a week.Don't do any panic selling. |
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MrRiuss
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May 11, 2018, 05:13:31 PM |
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i dont think they will sell bitcoin all they have together. they will watch and wait for the best time and moment to do that, if they want to do so.
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mk4
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Paldo.io 🤖
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May 11, 2018, 05:13:36 PM |
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Probably going to be another BTC dump; but there's no proof that these BTC will actually be sold right now. What if the bitcoin is just being moved between wallets for multiple possible reasons? To be completely honest people shouldn't panic about this though; sure, price can crash once more due to a possible dump, but these price crashes due to the MtGox dude is only temporary. At some point he's going to run out of BTC to sell.
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Anarchist
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May 11, 2018, 06:45:02 PM |
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Probably the reason lets 's see Monday what the market says. It could be just the usual weak hands selling their coins while in a crisis panic
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tr3yson
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May 11, 2018, 06:55:25 PM |
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It's very obvious, a situation like this can pull the market down. There's nothing we can do about it since its there move, its a business for them, maybe they already gained a lot so they are doing it. The best thing to do is to wait, as market price will and always regain after a dumping situation that happened today.
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Febo
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May 11, 2018, 06:57:50 PM |
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bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?
There are over 17 millions Bitcoins that can be sold. Why would be this 140k particularly important? |
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hosseinimr93
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May 11, 2018, 07:05:27 PM |
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bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?
There are over 17 millions Bitcoins that can be sold. Why would be this 140k particularly important? These number of bitcoin is low compared to the total supply. But some people are afraid all of them are sold at the same time and they want to take the advantage of short time trading. This causes many of bitcoins are sold even that bitcoins are not sold. Panic sellers also cause the price to fall more. |
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Gigafart
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May 11, 2018, 07:10:17 PM |
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Mt Gox has sold plenty of times before. I hope it does not dip anymore or I might be a panic seller too lol.
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elemosho.crypto
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May 11, 2018, 10:11:14 PM |
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bitcoin prices are down 8.6% now . is this a response ? there are still 140000 bitcoin remaining in Mt.Gox wallet . if it will sell bitcoin next time . will the market fall ? is there a solution to this problem ?
There is no solution to it but to just wait. Even if Mt. Gox is dumping their bitcoin but they are not foolish to sell it all at once. They will sell it slowly by waiting for the price to increase and they will sell their btc. They will not dump all of their bitcoins at once since when that happens the price of bitcoin will hover back to 100$ and if that happens Mt. Gox will be left behind again in the bitcoin world. Fully agreed with you Xester. but if htey all at once it will affect market so negatively and it will take time to recover. |
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kaya11
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May 11, 2018, 10:16:59 PM |
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We hope at that time there would be people who will be ready buying that millions of Bitcoins from Mt.Gox. That way no matter what they they do to their BTC there would be people who wants them more than they wanted to, and it will be a good part in us as it is not compressed in one account anymore, it will be liquidized to different investors.
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faaty
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May 11, 2018, 10:19:01 PM |
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these transfer news make the market shaking. people are so scared of mt.gox and that people are nightmare for the market.
I knew it was forbidden for them to sell until september this year according to the court decision. Am I wrong?
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BitMaxz
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Block halving is coming.
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May 11, 2018, 11:08:27 PM |
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This news could push people to panic sell their holdings so for me this is another FuD. The bitcoin price movement these days are normal and I don't believe that mt.gox is still holding that big amount of bitcoin. Look at the movement of the price last week if they saw the price was increased they should sell even small amount of bitcoin that could affect the price.
What I saw here they are using the mt.gox to push people to sell. If you are investor you must be stay calm and don't believe in any fud's. Don't let fud's to control your feelings make your own research before you decide to sell you bitcoin.
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