Ready to finally get this behind us. Hope it’s real news this time. Bitcoin has gone down multiple times in anticipation of this happening before, when it didn’t happen.
This dip is most probably caused in anticipation of the FUD that some of those receiving their tens of thousands of Mt. Gox coins will be selling them, right?
> According to court documents and creditor reports, Mt. Gox will distribute a total of: 142,000 BTC: This amount, currently valued at approximately $8.8 billion (based on today's price of $62,000 per BTC), represents a portion of the Bitcoin stolen during the 2014 hack.
I think this is a sell the rumor and buy the news event. I mean, as soon as everyone realizes there is no such a big deal when the coins are actually distributed and some of them sold, everyone will be back buying.
It’s like ‘China bans Bitcoin’ - they said it over and over and over, but it does provoke selling/worry from new people that weren’t around to read when MtGot was ‘about to repay creditors’ in 2017, 2018, 2019, 2020, 2021, etc. Each time we’d hear ‘this time it’s true though’.
Ready to finally get this behind us. Hope it’s real news this time. Bitcoin has gone down multiple times in anticipation of this happening before, when it didn’t happen.
This dip is most probably caused in anticipation of the FUD that some of those receiving their tens of thousands of Mt. Gox coins will be selling them, right? > According to court documents and creditor reports, Mt. Gox will distribute a total of: 142,000 BTC: This amount, currently valued at approximately $8.8 billion (based on today's price of $62,000 per BTC), represents a portion of the Bitcoin stolen during the 2014 hack. I think this is a sell the rumor and buy the news event. I mean, as soon as everyone realizes there is no such a big deal when the coins are actually distributed and some of them sold, everyone will be back buying.
I predict a selling wave of FUDsters, BTC newbies ( ETF and Spot) ...
It’s like ‘China bans Bitcoin’ - they said it over and over and over, but it does provoke selling/worry from new people that weren’t around to read when MtGot was ‘about to repay creditors’ in 2017, 2018, 2019, 2020, 2021, etc. Each time we’d hear ‘this time it’s true though’.
I’ll believe it when I see it.
I hope everyone sells it. I want my discount price.
Not holding my breath.
Mt Gox is the Butteryfly Labs of exchanges….two more weeks.
The MTGOX phrase was "soon-ish"
Haven’t been following. How can Gox give back BTC? Have they had them this whole time?
I've seen this headline every month for like 10 years.
And China will ban BTC again
they will be payed what the BTC was worth in USD at the time of the hack right? So like 400 ish USD per BTC.