Mt.Gox account transferred 6000 bitcoins today

[Jonsnowstark]

I read in cnnn that it sold 8,000btc. And yes. This selling of bitcoins has a huge impact on the price. The more there are bitcoins in the market the lesser the price will be. If mt gox would decide to sell all 140,000 btc this will have a humongous impact on the price of btc. But i don't think mt gox would do that. It would wait for the price to somehow recover before they will start selling again. All we need is another whale wanting to buy a whole lot of bitcoins at a lower ratw.

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[blackandred]

Mt.Gox is The sword of Damocles hanging overhead ,in the short term ? will it kill the bull market ? Should it be punished ？

[heavenknows]

Just Relax. There is no reason to panic as they wanted to sell their bitcoin at a higher price. Maybe, There are lots of whales waiting for mt.gox bitcoin to be eaten. If you know what I mean. This is just beginning of bitcoin and I'm optimistic. After the Consensus 2018, there will be more money pouring into bitcoin

[aryaadikariyansyahsuwarto]

waaw it's a fantastic amount, if it's true that he has that amount, and he will sell it, beware of the possibility of bitcin prices going to freefall it can happen ..

[Labajah]

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 ?

what is there to panic? people have a lot of IFs, WHAT IF and so forth. people are overthinking so far that it’s no longer healthy. life is short. why bring excess baggage? relax. bitcoin is here to stay.

[lemonscentedbreeze]

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 ?

They are to be blamed more likely to the on going market crashes and if they continue to sell their remaining bitcoin then I think the market would just continue to crash harder and the only thing we could do is to grab the opportunity of bitcoin's lowered price or just wait for the market to recover.

[minthit]

The 8.6% fall is probably not due to Mt. Gox selling alone. Panic selling due to the FUD that police raid South Korea exchange might also contribute to it.

[marcbitcoins]

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 ?

Do you have links for this alleged 140000 Bitcoin that still in their wallet? this for us to be inform well of this dumping moves and be able to ride on it. As what i have read in the news it is $8,000 not $6,000 https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/ that have been sell-off so therefore they have remaining $132,000 for their future disposal in which we need to ride on maybe thru sell high and buy it low again or any strategy that will work to avoid losses.

[lukmankhan25]

yes if he sells all the bitcoin he owns it will be very influential on the bitcoin price, but it seems he will not sell it all at once.

[JeBro]

MtGox sold Bitcoins for $ 70 million and the BTC rate collapsed by almost 10 percent. I think MtGox will sell the remains of its bitcoins in parts so as not to crush the crypto market. After all, they have to pay off their debts, so they are benefited by the high price of Bitcoin. In any case, MtGox remains the winner, because in 2013, bitcoin cost a little more than $ 1000 and fell to $300.

[Herbert2020]

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 ?

Mt Gox has been selling coins long before anybody knew about it and nothing  changed about the price except the fact that it kept on going up. but at some point in the middle of their selling (after a couple of months had past and price has been rising all that time) price rise stopped and reversed, by that time everyone was talking about how they are selling and crashing the market, obviously a pure bullshit.

this is just whale manipulation of the price and nothing more. and it will continue to be just that whether Mt Gox coins move or not. even if that wallet empties then they will find another whale's wallet to spread the same FUD. and if that fails there is always the old FUD about how China is banning bitcoin

[peter0425]

Mt.Gox is The sword of Damocles hanging overhead ,in the short term ? will it kill the bull market ? Should it be punished ？

It already killed that bull market right? Because the price is under $9K already. Well as far as I know, he supposedly need to get like a court order before he can offload the coins. So we don't know if he followed it or not. If he didn't then he has to answer to the court and explain why he did it again.

MtGox sold Bitcoins for $ 70 million and the BTC rate collapsed by almost 10 percent. I think MtGox will sell the remains of its bitcoins in parts so as not to crush the crypto market. After all, they have to pay off their debts, so they are benefited by the high price of Bitcoin. In any case, MtGox remains the winner, because in 2013, bitcoin cost a little more than $ 1000 and fell to $300.

Yes, its very clear that they need to liquidate it so that they can pay their creditors. Of course he will eventually needs to sell everything, but the main issue that I'm seeing is the timing of the sell-off. We are about to have a break out run at $10K. He could have waited till the price goes above $10K. Anyways, the damaged has been done already.

[Herlina]

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 think traders overreact to this news because not necessarily 6k Bitcoin will be sold in the near future, If they are serious to selling Bitcoin
I think they will not let the price fall because it will make their Bitcoin cheaper. The only solution to this problem is not to panic

This kind of news can be exploited by whales, they can take advantage of this news by selling their Bitcoin to create market panic and buy back at cheap prices

[Febo]

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.

Low compared to total supply?  Come on. Total BTC supply is planed to be 21 millions in next 100 years ( I believe that will change and will be higher at end).   

How can you call that low? Now is 17m and last 4m will be here in 100 years.  How is 80% low?

[jossiel]

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 ?

When there's a batch of bitcoin that was sold like more than 1000, there will be an economic effect to it.

That can lead the price to go down and make everyone panic but this isn't the first time that this happened. This issue has never been dead, you are just adding fear to the crypto newbies.

No solution to this one, panic sellers must calm themselves and just watch or ride with the market.

[samuraijin]

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.

not because panic is just a trend where the price may fall in the near future if this week is not really above $ 9000, I think that price will go down over the next few weeks

[charlzyeby]

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? 

I think people still fear that Mt. gox may sell a significantly high amount of bitcoin at a cheap price to drag down the bitcoin price to a very low level. They begin to sell because of impatience. But I believe Mt gox cannot continually bring the price of bitcoin down, even if the have half of the bitcoins in the world right now. They can't sell everything for pennies and no matter how much bitcoin they release into the general market prices will still climb up. 

[BigTeeths]

It's better that they are doing the sell-off at this rate. We would not want them to dump hard their bitcoins while it is already soaring to $100k. Just let them because their efforts are only for short term effects.

[daarul50]

There is no solution to this because we can not prevent anyone to sell the bitcoin they hold. The decisions we can make now to respond to sales made by Mt. Gox is never to panic when bitcoin prices start to move down and continue to confident with the speculation that each believe in bitcoin prices.

[mineko]

for now the bitcoin price is falling, but maybe next year will rise again because the bitcoin is like a bubble, and maybe the bitcoin market will not fall.