News is confirmed that creditors of Mtgox will be paid back IN BTC and BCH by May 2019. This is MAJOR news as these creditors will get a total of 166,000 BTC.
I can imagine 90% of them will go dump these and market sell. Currently with the order books a 100 BTC can push the price down by 1k!!!!
Other urls found in this thread:
coindesk.com
twitter.com
Short short short
>May 2019
I wouldn't short just yet.
Probably a good thing these coins are coming back into circulation and aren't just going to be dumped and sold for cash all at once.
>I can imagine 90% of them will go dump these and market sell.
Imagine again, panicwhore.
>Currently with the order books a 100 BTC can push the price down by 1k!!!!
Go gdax and see, how thin order books are. Most are bots buying and selling. If you can spot it, when whale's dump the price by 1k. It's not alot of BTC needed. Another traders can back me?
Use your dumb fk brain!
>no source
im too lazy to google this. just going to assume you're a lying oxygen thief who also stole my time
Coindesk article was just recently published. Get telegram and join the group
>what is arbitrage?
holy shit
Excuse me sirs someone can remind me what are otc please sirs?
Yeah, now do you understand why this is big news for everything and whole market, and potential ETFs
Over the counter trades. Means rather than selling 166k directly via a exchange as a trade which WILL impact the price
If you do a OTC. It means you do the trade OUTSIDE, separately (think of a big whale buying them) this will NOT directly impact the market price
This is terrible news.
fucking source you double nigger
everybody else in the thread that were not immediately demanding source are triple niggers
Dumb fuck. I have provided source
> source coindesk.com
OP ain't larpping. He did provide source above. Double faggot
Tldr
Pump or dump?
Dump!!! Is Biz this retarded? Most of the 166k of BTC will be market sold on exchanges! Could be similar to 2014!!
next time put it in OP, you retarded ass stain who cant even do basics on the internet
>NOT directly
>directly
Directly being the keyword. People are still going to dump when they trade OTC as they can use that as a means of arbitrage. Imagine being double the jew and buying at lower prices and selling them at exchanges for a higher price. It's still going to affect the market but the effects are not immediate
Thanks. I actually googled it and found sources earlier. I just want people to post source when they do post news like this so I insulted you.
I feel kind of bad about it now.
Kys dumbass
retard lmao
if the news is true this could push BTC down to like $1k-2k unironically, they could clean out the order books, and i'm sure thats exactly what they'll do
so instead of being dumped fast, they are being dumped slowly
This is a great news.
They won't dump, they've held this long and seen how high Bitcoin can go, and now they're going to wait for it to go way higher.
If they pay back in BTC then not all will convert to USD
If they pay back in USD, all will be sold for USD
This should be bullish.
1500 soon
>etoro
kek the shittiest exchange of them all
doesn't even allow you to cash out the crypto you buy. fiat only
>May 2019
If we can get a bullrun on alts during that time a lot of that btc will be spent on alts. Remember that everyone who lost btc was an early adopter.
Source faggot
Etoro is wasting its money advertising to potato niggers. They are too backward to even use excel. There would have to be a potato coin for the low IQ lew-ass commuters to buy in. Lowest IQ in Europe in that shithole.
Yea it doesn't matter what happens the dip gets bought back instantly if it's not according to their plan.
Pic unrelated.
I posted source links. Get back on topic
I don't care about the topic.
We will be the greatest hodler u will ever see. We have already been forced to hodl and feel no more pain anymore.
BTC is going to $1,000,000.00
Good luck. But it would be better to buy directly or start to Dollar cost average.
