What are views on BTC Price with Dec 15th Mt.Gox start of payout? Poll! :)

[Searing]

So what do people think is going to happen with Bitcoin Prices with the supposed December 15th, 2020 Mt.Gox settlement and payout in BTC?

It seems it may happen more in stages now ..and not dump all at once on December 15th, but who knows? What is your view on the effect on BTC price

or whatever?

My current 'this or that'  and 'waivering' view is

(1) 2014 was an early adoption year and a lot of these folk may be long timers and will simply HODL any settlement Bitcoin. Being so frigging early

adopters of Bitcoin and continuing since 2014 as to sell would be silly!
 
(2) Mt.Gox was more or less the ONLY exchange at the time, so maybe my view of HODL'ers won't 'Hold" and they will simply look at this

settlement after all these years and most accounts will be dust and simply sell. In maybe lots and lots of BTC dust and less about long

term hodl'ers on the site..than just everybody, newbie then, newbie still and will dump the works. Hard times these days, etc, etc.

But again, if you were on MT.Gox when it closed on February 14th, 2014.

https://en.wikipedia.org/wiki/Mt._Gox

With the BTC price the day after on 2/15/2014 of $648.68 I could find on Coinmarketcap www.coinmarketcap.com

Hell, if for 6 years I was sitting around waiting for say 1 BTC or so, from back in the day on Mt.Gox the last thing I would do is sell.

As I would 'assume' most people on the site back in 2014 are still into Bitcoin Today. Of course I know 'zip' just saying.

We will be the first to know I guess.

Consider taking the Poll.

Brad

[1713577533]

1713577533

[1713577533]

1713577533

[1713577533]

1713577533

[1713577533]

1713577533

[1713577533]

1713577533

[Searing]

Reserved.

[dothebeats]

With the way the price moved in recent times, plus a lot of bitcoin acquisitions by companies, I guess most people who will receive the payout would just hold and expect more profit off of it. They waited years for what seemed to be an impossible payout, it wouldn’t hurt to add a year or two more for some profits and ‘interest’ to their wait time. While there will be people who would certainly want to just be done with it, the vast majority would still hold, that I’m sure of, which may cause the price to be unchanged or drop a bit from where it is right now.

[Searing]

With the way the price moved in recent times, plus a lot of bitcoin acquisitions by companies, I guess most people who will receive the payout would just hold and expect more profit off of it. They waited years for what seemed to be an impossible payout, it wouldn’t hurt to add a year or two more for some profits and ‘interest’ to their wait time. While there will be people who would certainly want to just be done with it, the vast majority would still hold, that I’m sure of, which may cause the price to be unchanged or drop a bit from where it is right now.

That is my view as well, I mean there is 'no doubt' they are 'early adopters' if they had frigging 'anything' in Mt.Gox rather than just on a paper wallet, back in

the day, IMHO, they must have had 'some' Bitcoin they were moving around and selling and for equipment etc. Or why the hell did they have anything on

more or less the only 'supposed' legit exchange way back when in 2013 and 2014? Thus, early adopters and just HODL'ing this now with the rest of their

likely HODL Hoard in 2020 seems, again likely, also, IMHO.

I had an account on Mt.Gox but never used it. I was mining and all the usual stuff, but not trading and it all such till 2015 went into a HODL paper wallet.

So as active as I was, I had little need of a Mt.Gox account and eventually when I did need to move BTC to LTC or whatever exchanges existed by then.

So again, IMHO, you were likely more a Bitcoin 'expert' back in 2013 to have BTC on Mt.Gox for 'speculation' purposes or something besides just

a regular HODL'er back in the heady days of 2013, etc. Indeed, I'd bet that is where the whales played. So I think there will be no effect.

Due to either (1) most Mt.Goz will HODL, just for the simple fact of being 'early adopters! or (2) Most Mt.Gox will HODL because they

were 'mega-whales' back then in comparison to now...and such were

using Mt.Gox for purposes other than HODL like most of us, again, IMHO, back in 2013-2014 ..er at least as newbies from 2013 onward.

Chump or Champ! Boom or Bust! Doom or Boom!

We will be the first to know!

Brad

[pooya87]

If the price hadn't have the correction in the past couple of days then it might have caused the correction plus a panic sell to create a bigger dip but since we already had the drop now the chances of any further drops is a lot smaller and panic sellers are already out of coins to sell so I wouldn't expect any major effects on the market from this news. It is also possible that this is already priced in.
What people are going to do with the bitcoins they receive is not going to affect the price that much.

[Argoo]

We cannot say what is on the mind of these people.  Everyone has their own life circumstances and need for money.  Therefore, some of the victims of the hacking of this exchange will sell their bitcoins, others will hold.  Therefore, there should be a drop in prices in the cryptocurrency market.  How big, time will tell.

[Walterhank]

Well, it is highly unlikely to have a massive impact on the industry so I think it would be HODL/Dump! No Effect!