Post
Topic
Board Bitcoin Discussion
Re: Mt Gox Upcoming release of funds to its creditors vs Btc Price
by
dragonvslinux
on 29/08/2022, 14:18:51 UTC
It's interesting as I've heard a lot of FUD surrounding the release of these funds in recent days. Not because re-distributing thousands of Bitcoins wouldn't be bearish for the market, but instead news that isn't backed by facts or confirmed by reputable sources - hence FUD, rather than facts. It seems for now price has responded to these inaccuracies accordingly with some panic selling occurring, no doubt as intended.

Elsewhere I heard only a very small portion of funds were being released to creditors, those that opted for the "early lump sum" as opposed to the full amount, as documented by news sources. The reality is, we probably won't know when these funds are distributed until they are in the wallets of the creditors. Now we are hearing of payments coming in instalments, with again the situation dramatically changing.

Don't believe the hype...