MtGox trustees dumping coins again?

[exstasie]

Last I heard (many months ago) they were entering civil rehab, which I thought meant no more liquidation of assets until all creditors have their claims settled. Is that not true?

They already have more fiat assets than liabilities now so I don't see why the trustee would be dumping at this point. If creditors want to be paid in yen or dollars, there's already enough money in the coffers to do that.

[adaseb]

I am not really up to date with the MtGox liquidations however last I heard one of the people appointed to handle the bankruptcy has stepped down and the time to get the coins back to the users is further delayed.

There will be no more selling of BTC for fiat since all the debts are settled. What is remaining is to give a haircut amount of BTC back to the holders of MtGox customers who had a BTC balance back in Q1 2014.

People are predicting that those 2014 owners of BTC are die hard Hodl'r and won't dump on the market as soon as they get their coins, however who knows what will really happen when the time comes. It might be a few years before they get their coins back.

[bustedsynx]

What I see happening here: Maybe there will come a time when the Bitcoin market gets the deepest liquidity in that the remaining Mt Gox coins won't matter anymore if they were instantly dumped. The only feared stack left would be Satoshi's coins.

[Kemarit]

Ok I found this website that monitors the Bitcoin addresses for the Mt. Gox coins and so far there are no movements. The last movement recorded was last year, May 10, 2018.

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

I know that some big entities in the Asian market have been manipulating the price in the last week or so, pulling the price down, but it was not the Mt. Gox coins that is being move. But it could be some whales who doesn't want the price to peak because they wanted to play the market more in their favor.

[Whaleagent]

Ok I found this website that monitors the Bitcoin addresses for the Mt. Gox coins and so far there are no movements. The last movement recorded was last year, May 10, 2018.

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

I know that some big entities in the Asian market have been manipulating the price in the last week or so, pulling the price down, but it was not the Mt. Gox coins that is being move. But it could be some whales who doesn't want the price to peak because they wanted to play the market more in their favor.

Groups that want to move the market can do so without even having bitcoins themselves, there are a number of ways of doing it through FUD and other techniques, they don't need to use massive amounts of bitcoin to do it. They have been doing it for years already and it is much harder to notice.