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[robelneo]

I also heard that a lot of Mt. Gox victims sold their accounts for a couple of dollars because they thought it was not worth anything anymore. But, I am not sure who was the buyer and if they got some benefit from those accounts.

If this is true, then they have something to regret all their lives. I wonder if they did KYC when they traded there; there is a possibility that they will contest the buyer of their account and ask for verification to recover those accounts. I mean, we never know the character of these sellers because the profit is too huge not to do something.

Cashing out is the right thing to do, but given how Bitcoin has performed in the market all these years, you would not cash out all of it. You expect a better price in the future; that's when you will cash out.

They are OG Bitcoiners. So, I believe they have a understanding of Bitcoin market and I want to believe that most of them will end up holding a tiny portion of their holdings for the future. We never know what could happen in the future. If you ask me, I would have hold at least 10% of it for the future.

I think it depends on the amount of your holding back. In the old days, it was easy to hold 1 Bitcoin. I'd like to believe many of them are two-digit, four-digit holders of Bitcoin. If I had 10, I would retain 50%. I already made a huge profit from half of my share.

[Learn Bitcoin]

If this is true, then they have something to regret all their lives. I wonder if they did KYC when they traded there; there is a possibility that they will contest the buyer of their account and ask for verification to recover those accounts. I mean, we never know the character of these sellers because the profit is too huge not to do something.

Yes, this is true. Even though I haven't seen any thread where the seller offered to sell their account, I have heard from some OG forum members that some Mt. Gox victims sold their accounts here and there. But we don't know who is the buyer. I also understand that old owner of that account may want to get back their account after they heard that mt. gox is going to pay them back. But I don't think it is going to work anymore because the list of victims already finalized and it cannot be changed anymore. So, no matter if they come back again and scream to get back their account.

[robelneo]

If this is true, then they have something to regret all their lives. I wonder if they did KYC when they traded there; there is a possibility that they will contest the buyer of their account and ask for verification to recover those accounts. I mean, we never know the character of these sellers because the profit is too huge not to do something.

Yes, this is true. Even though I haven't seen any thread where the seller offered to sell their account, I have heard from some OG forum members that some Mt. Gox victims sold their accounts here and there. But we don't know who is the buyer. I also understand that old owner of that account may want to get back their account after they heard that mt. gox is going to pay them back. But I don't think it is going to work anymore because the list of victims already finalized and it cannot be changed anymore. So, no matter if they come back again and scream to get back their account.

Well, in that case, they have their whole lives to blame if they have over 10 Bitcoins on MtGox by the time they sell their account; every one of their 120k users has their story to share after they claim their Bitcoins, I'm sure we'll have a documentary on this.

Anyway, Mt.gox has an official account here. This was his last post before he passed the torch on managing the site, and this was when Bitcoin was worth only two digits.

Hello Everyone
I created mtgox on a lark after reading about bitcoins last summer. It has been interesting and fun to do. I’m still very confident that bitcoins have a bright future. But to really make mtgox what it has the potential to be would require more time than I have right now. So I’ve decided to pass the torch to someone better able to take the site to the next level.

Thanks to everyone that has supported mtgox so far. Can’t wait to see BTC hit $10!

I can still be reached on the forum as "jed" or through fivegrinder.com

[Learn Bitcoin]

Anyway, Mt.gox has an official account here. This was his last post before he passed the torch on managing the site, and this was when Bitcoin was worth only two digits.

Oh hell.
Look at that post. He wished Bitcoin would reach $10 at that time. I thought their last post would be about their platform. But it was about the guy leaving their platform and giving the account to someone else who would handle it after that post. But it never happened, and they did not post anything in this forum. Otherwise, we could have known more from Mt. Gox officials about that hack and the actions they are taking.

Anyway, the market seems to be trending down again, and I don't know if there was any updated news on the market. The only news I see from coinmarketcap.com is The U.S. Government: Silk Road DOJ Confiscated Funds (bc1qj) address transferred 29799.99011436 BTC, worth about $2.02 billion. The U.S. government currently holds 69,000 bitcoins that once belonged to Silk Road founder Ross Ulbricht and 50,676 bitcoins from Silk Road by Zhong.

[robelneo]

Anyway, the market seems to be trending down again, and I don't know if there was any updated news on the market. The only news I see from coinmarketcap.com is The U.S. Government: Silk Road DOJ Confiscated Funds (bc1qj) address transferred 29799.99011436 BTC, worth about $2.02 billion. The U.S. government currently holds 69,000 bitcoins that once belonged to Silk Road founder Ross Ulbricht and 50,676 bitcoins from Silk Road by Zhong.

I think it has something to do with the US campaign; Trump proclaimed himself as a Bitcoin supporter and has an intention of including Bitcoin as a strategic asset if he wins an election. That's when Bitcoin hit the $70k mark.
But the sudden announcement of Kamala Harris as a replacement for Biden, pulled the price down.

New Democratic nominee-apparent Kamala Harris' odds of winning the election have steadily risen throughout the week to the current 44%, according to Polymarket. Trump's victory chances have faded to 55% versus 70% just two weeks ago.

Bitcoin Plunges More Than 10% Since Hitting $70K 72 Hours Ago

[Learn Bitcoin]

I think it has something to do with the US campaign; Trump proclaimed himself as a Bitcoin supporter and has an intention of including Bitcoin as a strategic asset if he wins an election. That's when Bitcoin hit the $70k mark.
But the sudden announcement of Kamala Harris as a replacement for Biden, pulled the price down.

I still fail to understand what is the relation between Kamala Harris and the Bitcoin Price. Look, bro, Trump is still there and he will be there. Biden was replaced by Kamala Harris and I don't remember Biden supporting Bitcoin. So, it does not really matter if Biden stays or not. The important thing is Trump is staying and he is a supporter of Bitcoin. I want to believe that the movement did not happen because of the Biden's stepdown.

Bitcoin moved too much in the last 24 hours. I was scrolling Facebook last night and got some notifications from a couple of exchanges and checked that Bitcoin touched the 62K range. I don't know what is new. But it's regained again and Bitcoin is standing at 64.5K again.