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GOX

BITCOIN STRONGLY RE-AFFIRMS DOWNTREND. DESPITE Low Time-frame oscillations bitcoin is globally affirming (again) its Daily DOWN-TREND. This week Rates will be HIKED by the FED again .... Act Accordingly Brace YOURSELF !!! Now 140,000 bitcoins are starting to be DUMPED on the Market from Lquidation of Mt. Goz confiscated wallets. The owners of these HUNDRED-FORTY-THOUSAND BITCOINS have waited for the moment to sell for 6 Long years - they ARE GOING TO DUMP on the exchanges 140,000 bitcoins . Did I mention that in a few days One Hundred Thousand Bitcoins and Forty Thousand Bitcoins are DUMPED on the Market ? Act Accordingly.
Short
by cure4virus
6
Mt Gox BurnsScheduled september 18th Mt. Gox was a bitcoin exchange based in Shibuya, Tokyo, Japan. Launched in July 2010, by 2013 and into 2014 it was handling over 70% of all bitcoin transactions worldwide, as the largest bitcoin intermediary and the world’s leading bitcoin exchange. In February 2014, Mt. Gox suspended trading, closed its website and exchange service, and filed for bankruptcy protection from creditors. In April 2014, the company began liquidation proceedings. Nobuaki Kobayashi, the lawyer and trustee of the Mt Gox bitcoin exchange has revealed that he sold bitcoin and bitcoin cash worth more than $400 million over the past few months since September last year. The Mt Gox trustee currently holds about 166 344,35827254 BTC. The next court proceeding for Mt Gox bankruptsy won’t happen until September 18, 2018. Before then Nobuaki Kobayashi will not have authorization to dump the remaining 166 344 BTC on open market.
by UnknownUnicorn2290579
3
You Gox to Be Kidding MeFor those who don't know, the now defunct Mt Gox exchange has begun liquidating their BTC and BCH assets. They have roughly 137,000 remaining of each according to the Mt Gox Cold Wallet Monitor. The most recent sells were on 4/26 and 5/10 and both affected the price noticeably. If they are selling like clockwork, we should see a giant red dildo hit the charts on or around 5/24. Just a heads up, nobody knows their selling strategy for fact. I highly recommend watching Mt Gox's wallets so you can brace for impact. Keep an eye on the cold wallet addresses here: www.cryptoground.com Also a little fun math: 8k per sell 137k total 16 Biweekly periods before 2019 137 / 8 = 17.125 So if they sell 8k biweekly, they will have zero left at the very end of 2018 or beginning of 2019. Seems pretty M A T H E M A T I C A L to me. Happy trading :) -Doge
BITFINEX:BTCUSDShort
by Dogecoin_Shill
11
What the GOX?!It's the return of the GOX nightmare that everyone had all but forgotten about. The BTC Yakuza (Mt.Gox trustee) definitely sliced the beef steaks of every "perfect" buy entry on the market as they dumped over 60000 BTC! Interesting that they seem to stop after collecting a bit over $400 Million USD. This would satisfy their creditors. But the question remains: What will they do with the remaining 160K BTC?? I know what I'd do if I wanted to unload my bags... If you analyze the Mt.Gox Trustee wallet , you'll find a correlation with market price drops as it seems the Trustee also relies on TA to time their bag unloading. With that FA detail in mind, I know what whale I'll follow as I long/short the market. Now looking at the 4H chart from CEXIO, we can see that we have found some support around $8700, but I can easily see this continuing to drop to the 382 fib. Sell volume is still on the high side as public sentiment is rather low. the MACD shows that we are very clearly in bear country. I can see the sell wall (over 800BTC) continuing to move south as the price continues to plunge. I've already consolidated all my shitcoins into something more stable. Just need to short this bitch and be ready to switch to longs once the bottom is confirmed. More interesting reading: Follow the Mt.Gox money trail Good luck trading! <<< For entertainment purposes only, this does NOT constitute financial advice. I'm not responsible for your losses and profits. Nor am I your investment advisor. >>>
B
by LoreZyra
1
BTC/USD Price vs Adoption – $4k to $54k by 2020This chart gives me a warm and fuzzy feeling. I hope it gives you one too. In the black since $333! The general idea is that the value of bitcoin increases with adoption. So far the best indicator of that has been transaction volume. For a period of time we were way higher than the true value of bitcoin because of the Willy Bot scandal at Mt. Gox artificially inflating price. Thus the prolonged bear market was simply price resynchronizing with fair value. We're there right now. Where do you think adoption will go from here? Faster, same as 2012-2016, or slower? Will scalability efforts keep up with demand? Will on-chain transaction volume continue to match price or will we see more off chain transactions (lightning network, sidechains, etc)?
NLong
by WeGotCactus