What do you guys think about this:
If the 200k BTC are liquidated, the funds raised will be distributed to the creditors (who a primarily Gox depositors). These are the same people who just lost 750k BTC. Would you expect some of these people to re-purchase bitcoins once they receive their share of the fiat [which ironically was raised by selling their bitcoins in the first place lol] thereby increasing demand?
To me, the direction of the anticipated price movement is not clear.
From what I have heard. Mt Gox had outstanding debts (most of it to the Japanese banks) to the tune of $60 million. Any proceeds from the auction of the
BTC200,000 will be first used to pay-off that debt. Only the remaining portion will be used to compensate the users who lost their coins.