Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: OgNasty on Today at 06:04:43 AM

Quote from: ThemePen on Today at 05:46:13 AM

They again delayed. I think they will never repay anything.

https://en.ethereumworldnews.com/mtgox-bitcoin-repayment-plan-delayed/

Poppe also saying: They will not release.

https://twitter.com/CryptoMichNL/status/1563904662092365824

I was always a bit confused where people got a payout date to begin with. As a creditor, you’d think I’d have gotten some sort of communication to expect a payout. We haven’t even been able to choose if we want the early payout or not yet. I think this saga will drag on a long time, with an effect on the market for at least a month or two.

The effect will be minimal, in my opinion. 137k BTC isn't that much compared to BTC's daily trading volume per day, which is at 1,624,054 BTC at 24h (1,220,000 BTC for yesterday cause I did post about it in another thread). Even less than 10% of 24h trading volume. If this got dragged out for a month or two as you said then it's even better. Since they could release it in chunks instead of one goes. 137k BTC spread over a month makes little damage thanks to BTC's daily trading volume.

The main reason behind the recent BTC price dump is that the world's economy is in a shamble. FED doing the fed thing again. The stock market crashed over the weekend and fearmongers over the Monday opening on the Asia stock market.