Quote from: Canis Majoris on March 17, 2018, 05:49:20 PM

Quote from: stompix on March 17, 2018, 03:06:08 PM

Quote from: samson on March 17, 2018, 02:55:27 PM

Everything you think you know about the MtGox sale of Bitcoin is completely wrong.
This statement was released by the MtGox trustee today :
https://www.mtgox.com/img/pdf/20180317_qa.pdf

It was all FUD.

Nobody is going to believe that and even if they do, too few will read or bother to read that statement in the first place.
The community needs a culprit, needs somebody to blame for the price drop.
Be it Gox, G20, just find somebody and blame him.

Already we have ideas about rubbing out everybody that tries to dump coins, the whole thing will only go downhill unless BTC goes up in price again.

I'd sooner say that he now feels kind of guilty for the chaos he wreaked on the cryptoverse or just tries to make it look like he has nothing to do with the off-loading of the Mt. Gox coins and didn't in fact go on a selling spree. I humbly admit that I didn't investigate this issue myself, but I've read it around here that a few people actually bothered to track down the coins, and they reported that around 40k BTC of Mt. Gox coins had been sold late December through early February. Though I don't really know if it is FUD or not.

They were sold but according to the trustee himself in his released statement he did not sell on the open market of any exchange.

To me this means he did an OTC type deal and someone saw the coins move, then the dumping began.

I suspect it was a panic sell off by those who saw Gox coins moving, simple as that.

He only sold 38k Bitcoin in the end but for all everyone knew he might have been preparing to sell all 202k of them.

So there's plenty more those 38k came from.