Post
Topic
Board Altcoin Discussion
Re: Mt Gox BTC sale imminent. Is this the beginning of the real bear market?
by
Tilbrook007
on 26/04/2018, 19:59:11 UTC
As far as I know, it's about 16,000 BTC. And the network immediately appeared a message to prevent an ambiguous interpretation of this sale.

"Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the [greatest] extent possible,"

This is direct quote from Mt. Gox Trustee Kobayashi. As you can see, this transaction can not affect the course of Bitcoin in any way.

This is a good information about mt gox dumping all they possessed in a manner that shall have no effect on the course of the btc price movement but as good as that may sound; do you have any link to proof the authenticity of your claim ?


Are you kidding me? I gave you an authentic speech. Copy words into the Google search or whatever you use there and find hundreds of sources.Choose any of them.
coindesk.com 
cointelegraph.com
news.bitcoin.com

Let’s say whoever buys the BTC from Mt Gox dumps them on the open market and at the same time does a short on the CME: BTC goes down and the short takes the money.