Quote from: thecodebear on April 26, 2018, 09:08:56 PM

While there is no way Bitcoin is ever going back to 6000, I did just read that the Mt Gox trustee just moved 16,000 BTC from their wallets, presumably in order to sell soon. Apparently they sold about $400 million during the September crash, and sold a bunch multiple times during the big crash including on Feb 5th when the price plunged down under $6000.

And the article said they still have about 141,000 BTC's left. At a price of $9000/BTC that is $1.3 billion they still have in Bitcoin. If they are gonna keep selling that off bit by bit (and by bit I mean a few hundred million dollars at a time), we're probably gonna have random crashes all over the place this year.

Too bad they aren't just dispersing the bitcoins out to their creditors and instead are giving them money by selling vast amounts of bitcoin at a time, initiating large sell offs repeatedly.

That's all speculation at this point, before they sell anything there has to be another hearing and from that a decision will be made. So there is no chance that any further funds will be sold in the coming months.