Post
Topic
Board Speculation
Re: Today more BTC were sold than MtGox will pay out in July ...
by
Oneandpure
on 27/06/2024, 18:05:51 UTC
So its bad news make bitcoin suddenly dropping under $60k last two days ago? Mt.Gox still make many people panic behind several time announce refund bitcoin assets to their member but still only promising and I can't memorize well how many time some information publishing Mt.Gox will refund bitcoin assets to their member.

Do we even have any reliable information on the whole Mt Gox distribution thing?
Some media are reporting that the actual number of bitcoins is not clear and can be anything from 65,000 to 140,000:
https://finance.yahoo.com/news/mt-gox-finally-repaying-customers-155925395.html

And, whatever the number is, I don't expect it will be distributed all at once, so it could start from July, but could span over many months (if not years).

But somehow I'm not worried too much about that, I don't think it has any potential of crashing the market, I think we could expect a few percent drop at the worst.
Actually I don't sure yet with Mt.Gox have schedule refund on next month behind how many time give fake promised to their member, its only way how to make FUD and many people panic for selling their bitcoin get anticipation more decreasing of bitcoin price later if Mt.Gox surely make refund of bitcoin. Three days left before July and waiting will its only way to make FUD or Mt.Gox make their promise true by refunding their member bitcoin assets indeed distribute not all at once.