Friendly reminder that Mt Gox will be begin their civil rehabilitation process on February 24th 2019, which will involve up to 170,000 BTC.
Is it rational to assume that this news is being relatively suppressed to stop the price of BTC from tanking completely before February 24th?
Source; newsbtc.com
Other urls found in this thread:
coiniq.com
twitter.com
delete
that's about 1% of total supply in circulation.
the better question is, does op suck cock for fun ?
>he thinks 1% is small
>he thinks he is going to make it
Nigga with exchanges fake volume that real selling pressure would dump BTC to sub $2000
STOP WITH THIS STUPID CONSPIRACIES!
Victims will receive cash, not btc, but fucking FIAT!
You're correct it is slightly over 1% of the current mined BTC supply.However it is estimated between 17%-24% of that supply has been lost. That "1%" in a relatively low volume bearish market will cause havoc.
it’s all part of the plan for the flippening. bitcoin was like a scaffolding which has to be deconstructed
>implying 1% isn't a huge amount.
jesus christ the absolute state of this place
>he unironically thinks a 6 digit BTC dump wouldnt instantly drive btc to sub 2k
imagine being this retarded
There's no evidence to suggest that they will receive Fiat or Bitcoin. Nor is there any evidence at which $BTC value they will be paid out (2014-Current date). This is what I'm getting at why details are being suppressed to stop an imminent dump before February 24th.
>at why details are being suppressed
tell that to my 5k btc on gox
Look at the state at the buy walls across the various exchanges. 170,000 BTC at todays evaluation would decimate those walls. I'm not saying everyone who receives their coins will sell off, but it is very much going to be a race to the bottom.
Did you file for proceeds?
are you sure all those 170,000 BTC will be sold ?
if not then it's not a high impact since the 24 hour volume is approx 1,480,000 BTC. if all those coins were to be sold all together then yeah there'll be a price drop, but not to sub 3k
>believing 1,5M BTC are actually being transacted every day
Fucking lmao
There is something called wash trading you know
Also this;
"Under civil rehabilitation, a company’s assets are distributed to the creditors rather than being liquidated. The payout would then be a proportional share of the bitcoin and bitcoin cash in the Mt. Gox wallet."
Source; coiniq.com
This pretty much states they will receive BTC and not fiat value.
The absolute state of this place. That volume is due to the same volume and Fiat being traded over and over again. If it were new fiat entering we would be in a bull market, not in the state we are now.
hmmm, so most of the exchanges or investors from different places on earth are coordinating moves according to a grand plan
i believe you now
>if not then it's not a high impact since the 24 hour volume is approx 1,480,000 BTC.
Most of that is bots and swing traders buying and selling the same 30-50k BTC over and over again.
full sell of 170k BTC would tank it far more than $2000
we would likely end up in the $800 range, and all other shitcoins like ethereum and chainlink would tank another 90% from their current price
It might be alt season. If I was a goxer I'd probably not want to sell when it's so low, but I'd pick up some cheap altys
I’m of the same mind. There may be a few maximalists that will hold their BTC, but I believe their will be an initial rush for the door until it becomes unviable to do so.
Bump for importance.
Can't wait to load up on cheap btc
Why would you hold any coins before the Mtgox situation is resolved?
How can anyone think that we would have a bull run before that?
Cuz mt gox receipients will sell high and not low like biz
Keep in mind that they are still between 8-10X where they were, so yes many will sell.
Obvious train incoming. Thanks op this topic has definitely been slid and I'm dumping asap
