If Mt gox pays everyone back in 2014 fiat value that means the Japanese Whale would have to market sell like 17,000 btc.
If Mt gox pays everyone back in 2014 fiat value that means the Japanese Whale would have to market sell like 17,000 btc
Alexander Reyes
Ian Wood
nobody gives a shit.
keep trying eventually you will come up with good fud fren
Gabriel Brown
17000 pre hard fork BTC = 17000 BCH, 17000 SV, 17000 BTC and 17000 BTCP. Hows that for some FUD?
Thomas Torres
17,000 btc is barely a dent in the market at current prices
Noah Walker
Its not fud its reality
Leo Myers
My bad second BTC should’ve said BTG.
Hudson Robinson
>He will market sell 60m of btc everyone panic!
Yawn
Noah Phillips
You guys are retards!
David Hughes
yeah it's real but you're acting like 17k btc market sell would have the slightest impact
Camden Clark
Mark Karpeles thinks the trustees will sell the rest of the coins sometime between now and October.
According to the latest report they hold 141,686 BTC and a similar amount of BCH. Not sure if it will be through an exchange or OTC but as an example if you look at the orderbook on Coinbase, it takes only 20k coins to get us to $1k BTC.
reddit.com
Leo Sanders
Not 17k btc. Trustee has 141,686 BTC left. Read the report that came out a few days ago, under "BTC and BCH Held by Rehabilitation Debtor" mtgox.com
William Allen
James Powell
Ok that amount of btc is significant but you’ll have a lot of buyers if the price were to dip below 3k with that huge bitcoin sell off
Jace Cooper
Even that would have a huge impact. You are uninformed about the true market depth.
Tyler Carter
I think many of us are expecting a drop between 1k and 3k by June/July. Then after that, up up and away.
Bentley Nguyen
The order books dont support what you're saying. Right now even a 20k BTC market sell on bitfinex would completely wipe out the bid side
Logan Nelson
Brody Flores
And that's why you don't market sell such an amount with one click.
Liam Green
would be funny to do....just to see what would happen
Brayden Evans
Thats what he does though
Bentley Thomas
cryptoground.com
Only 137k btc and bch left , the jap government sells them from time to time at a cheap price to get money to repay to the mtgox victims a certan ammount.
The thing is that after 2020 halving there will be 300k new btc per year , this 137k btc are really not that much to do anything with the halvening at 13 months of distance.
If anything it´s cheap btc for holders since every time the jap has moved them they sold them at big exchanges selling them underpriced.
To be fair this is unironically good for bitcoin as the increased liquidity would delay the halving effects for aproximately 4 months meaning that the halving could be considered to be moved around september 2020 since the effects would be delayed by 137k new btc entering the market.
This is unironically good as the effects of the halving would start to be affect price around the us election and then moon after it.
Benjamin Bennett
Not saying he'll market sell all at once, just giving an idea of the current orderbook. But even if he spreads it out on multiple exchanges it'll have a pretty big impact. And given what Karpeles is saying (they dont want to risk holding coins before October) hes going to want to do it as quickly as possible. So at best he uses a bunch of limit orders and we completely flatline for months, or he does a mix of both and we just sink. And thats not even counting the rest of the coins being sent to creditors
David Garcia