/biz/ - Business & Finance

Easy, fiat pairings for alt coins.

>>8186177
That actually is our only hope at this point. Bittrex and Robinhood can save us, so fiat pairings will decouple us from BTC, but that will take a LONG time. And it's STILL going to be tied to BTC throughout that period of growth.

However at this moment, with the Binance hack and news of this Mt Gox faggot, the market is tanking. The Binance thing will resolve itself so I'm not worried. But this is bad. We don't have enough buy pressure to hold us. Everyone is going to get the fuck out now that they know the reasoning for all this.

wait what? this hacker shorted through bitmex and got 1.6 billion? where is his wallet? link ? GIVE ME A RUNDOWN FOR CHRISTS SAKE!

>>8186301
no retard, its the news that mt. gox trust dumped tens of thousands of bitcoins which is what caused the crashes since 19k and they haven't even scratched the surface of what they still have left to dump

>>8186301
>Implying all the BTC are just sittning in a wallet, not moving or being mixed a dozen times every hour through thousands of wallets each with <10 BTC

>>8186301
https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

Read this

I thought this was due to the hack of third party apps that used binance,

are there multiple parts to this?
who is the guy dumping from Gox?
sources would be appreciated

>>8186301
two different thing, one is mtgox trustee dumping lots of BTC to paypeople (and possibly crashing the market while at it), other is this "hack" story you talk about

>>8186177
Ethereum has plenty of opportunities to buy with fiat, but here we are, it's going down with Bitcoin too.

>>8186458
I mean that is just a small thing that is easily resolved and will be by Binance.

This is really what is going to fuck everyone

https://www.coindesk.com/mt-gox-trustee-sells-400-million-bitcoin-bitcoin-cash/

All I’m hearing is cheap coins at sub 1k.

After the three year bear market this is how everyone in crypto made their money.

>>8186458
>who is the guy dumping from Gox?

>>8186154
JUST IMAGINE HOW MUCH BTCS HE LOST
HOLY FUCK

>>8186494
small think?
wtf,
this hacked crashed the market over 10% in under an hour, and caused the biggest multi exchange volume spike that's ever been seen,
and you say this is just the tip of the iceberg?

If I had lost 5 BTC on Mt Gox I would want it back - not the 400 per BTC. Even 1 BTC is still > 9500 more at the moment

im surprised someone hasn’t put a bullet in this guys head for tanking the market. I’m sure there are some very shady individuals who are losing a lot of money from this.

Other whales will just hire assassins and take this guy out

>>8186534
it looks like this guy was dumping over time,
>>8186494
article says december to february, and that he sold 400 million, and abotu 36k btc,
market data does not correspond to this,
markets are showing under 10k volume within an hour.
it's more likely that he was one of the main contributors of the bear market since january selling that much over time, not the recent 1 hour crash

ok he has a fuck ton of btc but who's to say he's gonna dump all of it?

buy ether monero decred and elastos for gains. bitcoin will never die but this guy will have it by the balls or at least the perception of such will be enough

>>8186658
I think he will. He's clearly a faggot ass Jap that doesn't give a fuck about anyone

So, the Trustee had 200,000 btc and now has 166,000? He's sold less than a quarter? Bear market might last all year, and then some. He's going to dump into every rally until it's sold.

The dumb jap should be selling these BTC OTC, not dumping them on the market.

he's not gonna dump anymore. everything is already paid for. what is gonna be done with the rest of bitcoins is still unclear, and it might be several years for that to unfold

>>8186634
can we arrange this?

Nice 2 years of bear market at least to accumulate. I only bought a little in 2011 and sold in the last long bear market like an idiot. Btc back under $500 is actually feasible. Sure I'll lose most of my gains last year, but fuck it, I'm holding until I can buy my dream house and car in cash.

>>8186725
He has a responsibility, as Trustee, to not dump it all at once, which is why it's been spread out. But, it looks like he's only 25% through his stack. He'll be dumping a portion every time there is a rally until it's gone.

Anyone know the address for the Trustee wallet?

>>8186642
what if he buys assassins on other whales first?

>>8186777
Sure, I'm up for it.

>>8186458
Multiple events today bro

Binance API keys compromised
Bitmex liquidation crash
Mt.Gox Trustee Dump

NORMIES don't know shit, only we know whats going on.

Now, keep playing cool and exploin normies' ignorance next crash.

PLAY COOL

Somebody give me his IRL address, I'll take care of it.

>>8186810
>1 whale vs legit organized crime and every other whale
The odds aren’t in his favor, you think the guys running CP rings and selling kilos of heroin over the dark net are gonna be happy that one dude is fucking up their money stream and could potentially end it?

So, why is this info getting out today? Who gave the info?

>>8186798
Btc at $2000 soon, yikes.

>>8186885
what if he has a dead mans switch?

>>8186963
There's ways to take care of that

>>8186177

Arbitration bots will still fuck you in the ass, sorry

Yeah, I guess that's it kek. I don't know what to do now. Shit this sucks.

The coins have already been sold

The news today is fake

>binance hacker had this scheme prepared for months growing his userbase to exploit
>pulled the trigger early due to a slow market and mt.gox news
bitmex shut down to protect themselves

the liquidation was the plan from the beginning
bitcoin long positions were at an all time high

>>8186798
When's the next rally lol. Who the fuck is going to buy crypto now that this jap sociopath is holding the entire market hostage.

>>8187105
>the liquidation was the plan from the beginning

What are you implying will happen next smartanon

QASH is the new Bitcoin.

>>8187153
Was thinking the same thing, who is even buying at this point? After the massive dump volume just dropped to normal levels and BTC is trading sideways as if nothing happened

>>8186177
>>8186220
this is why I went all in on coinmetro

if fiat pairings take off crypto will prosper

if fiat pairings don't take off crypto will die

remember to buy shovel making machines in a gold rush and stay safe anons

>>8187166
bear market to shake out any remaining nonbelievers

once shorts are in position, bog will make the call

He's going to dump at every rally then accumulate for months or years during the dip. This will never end BTC is dead. this may be the biggest scam in history.

>>8186999
Checked

>>8186154
Think about how trippy this is guys. In 2014 we have a massive crash due to a single exchange exit scamming when it held all the market share. Years later we use the 2014 charts as a reference point for what could happen now. Many disregard this by saying "no that was a freak event that could never happen again due to current circumstances". This is a valid and logical point. It seemed foolish to use the old fractal as a looking glass into the future. Now despite that, the same people who contributed to the 2014 crash have now triggered another one that will fulfill the destiny of repeating fractals. Mind blowing.

This is some Hinduism cycles inside cycles business. I'm thinking about that elite trading group that doesn't take anyone with a finance background, but only like top physicists and other high IQ stem people for analyzing stocks. I wonder if they would have seen this coming.

>>8186822
There is also SEC warning your grandpa about unregulated exchanges. Nothing serious, but can generate some scary headlines.

>>8187257
yea its weird

>>8187257
seriously i dont understand whats going on, does this mean this shits really over or were headed for another bull run now that the sell off is over

can we sign him up for some spam emails or something to show our disgust

>>8187224
>He's going to dump at every rally then accumulate for months or years during the dip

what if I told you

there will be no dip

>>8187224
He will not. He only did it to collect yens to pay people suing mtgox, he reportedly has enough for now.

Oh my fucking God this is hilarious.
Your prescious coin can easily be fucking toppled over and made absolutely worthless at the decision of a SINGLE person at any point in time.

You exist to make this person money. You work so hard shilling so the price will inch up bit by bit, but literally one person is the only one making money.
Your 100k portfolio is worthless senpai. You're the laughing stock of the investment industry and the internet as a whole.

>>8187350
this is the death of bitcoin but crypto as a whole will continue to grow in the long term

>>8187420
not really. it's more about who sells first and not being the schmuck that buys at ATH.

>>8186963
Would it even matter? Lets say, hes holding DMS which will dump whole 160k btc into the market, this happening would apparently wipe whole spellbook of buy orders down to maybe 500<? But then again, knowing that mt gox is no longer an issue, wouldnt it start a bull run, no one would ever imagine?

>>8187431
It's dying with Bitcoin.
You can't buy the first useful thing with alts without converting it to cryptography.
Crypto dies with Bitcoin and only delusional faggots believe otherwise.

>>8187420
implying all fiat currencies arent at the mercy of those who print it

>>8187420

Delete this. Its still real to me Damnit!

>>8186154
Trustee only sold enough so that the creditors could be reimbursed in full according to fiat losses (btc losses converted to fiat value at time of loss: $438).

He won't be selling any more until it's decided what to do with the rest of the BTC. That won't be decided until the next creditor's meeting which is 6 months away. Most likely the decision will be to distribute the remaining BTC among creditors as BTC.

>>8187515
so I have no need to worry?

>>8187515
thank god. I will timeline hop until I find the one where I maximize profits.

>>8187515
based anon ty for the info

>>8187557
There's always a small chance the bankruptcy proceedings happen to decide to sell the remaining BTC, but that chance is fairly low.

It'll most likely be left untouched and either returned to the shareholders of the company, or distributed to creditors according to civil rehabilitation.

>>8187420
this is how every market works you fucking idiot. Ponzis all the way down

>>8187515
if only there was a way to destroy those private keys.

What is stoping that guy from shorting BTC, then unloading more of it to the market?

>>8187557
the market isn't any different than it was yesterday
there's still 21 million max
it just so happens the lucky sob who ran the 1st major exchange has 160k coins sitting around
just like he biggest miners who took a major risk got rewarded with 4 billion in revenue last year

It might keep some investors away but bitcoin is still the same as it always was so it should matter too much

900k BTC in the Satoshi Wallet.

Imagine if that ever started moving BTC

Whoever has the keys could bring the whole thing down.

The whole crypto house is built on unsound foundations...

>>8186469
This.

If this doesn't finally decouple bitcoin all of crypto is a scam. Let the faggot chink dump himself and bitcoin into the grave and let a new chapter start.

>>8187515
finally some words of sanity

why would there all of the sudden appear an urge to cash out all the currency that was meant to be stored in form of bitcoins on the exchange, regardless of how successful the storage really was

>>8187650
The law. I don't think there's any type of conspiracy at play, he's a trustee and sold it according to the decision made by the bankruptcy proceedings.

>>8187698
anyone could have mined it back then

name a crypto that has a better distribution

>>8186777
Noone is going to check these righteous trips? Damn this board has gone downhill.

>MUH DECENTRALIZATION

HOLY FUCKING JEJ THE ABSOLUTE STATE

>>8187741
OMG something happened in the crypto world
>MUH the flippining
and the next crazy speculation, Donald trump is a faggot

>>8187698
>900k BTC in the Satoshi Wallet.

wrong, there are 1,100,111 bitcoins locked in a multi-sig wallet entrusted in a legal entity known as the Tulip Trust

>>8186999
would you look at that.

does this mean btc is the ultimate shitcoin?

>>8187824
>actually believing this

If this guy is killed wouldn't that mean we remove 166k BTC from tge market? Whales are you listening?

Why doesn't he just write a script to sell one bitcoin every ten minutes? It'd only take him like 3 years to get rid of it all, without crashing the market.

Kill him.

>>8187698
>900k BTC in the Satoshi Wallet.

i still don't understand this...those coins NEVER moved, why?? did satoshi goof and lost the private key? did he die? is he a buddhist?

>>8186154
Who’s to say he wont pump it

>>8186798
no, you retard. he already sold enough bitcoin to pay for fiat losses. he's not selling anymore. otherwise, it wouldn't be made public like this

>>8187933
What's the point when you can just sell and make shitloads of fucking money

>>8186772
THIS
everyone chill, it's all good

>>8187951
so you can sell at a higher price?

>>8186822
binance API hack and Bitmex liquidation crash can be linked.
bitmex crash because of sudden 10% dump in under an hour from binance hack leading to liquidation crash.

the article link says that the movements from MtGox trustee occered between december and feruary as noted in the articel
"Notably, wallets associated with the Mt Gox trustee saw significant withdrawals between December and February - the period in which they were sold "
try reading next time
this MtGox trustee thing is fud trying to capitalize on binance hack to further crash the market, read the source posted dimwit

Looks like bulls are pushing it now.

>>8187902
Satoshi is Jesus, Krishna, and Odin reincarnated once again. We are living in the next Kali Yuga. Ride the tiger anon.

Bitcoin isn't dying retards.
He sold off enough to cover the expenses he's being sued for with the blessing of the court. Now if he touches any more of the BTC he's going to get assfucked by the court ten times over. It's going to be 4-6 years until the court decides what to do with the remaining bitcoin.
Now that we know what caused the january crash and there's going to be no more dumping BTC is free to soar again.

>>8186999
checked
we're making it
confirmed

>>8187984
I agree with this, it's all coordinated the mt.gox settlement happened months ago when charlie lee sold his coins

>>8188008
>Now that we know what caused the january crash and there's going to be no more dumping BTC is free to soar again.
Have we made it through the fire?

>>8187431
do any of you realize how retarded you sound when you spout shit like this?

>>8187753
>front running doesn't happen because its illegal guys, why would someone use an unfair advantage to profit from anonymously

being this naive

>>8186154
Not if one brave anon flies to Japan to do the honorable thing and kill this faggot

>>8188008
How do we know that? This is what article says:

According to Kobayashi's report, additional liquidations could be coming, pending approval from the bankruptcy court.

"I plan to consult with the court and determine further sale of BTC and BCC," he wrote.

Unless we get some kind of article 100% confirming court preventing him from selling any more, were going to be in a bear market.

Someone aid the total liquidated so far = the amount owed to Mt Gox customers who had their coins stolen (eg. # of stolen bitcoins x $400, which is how much their value was at the time).

If so, this could mean they are done selling for now.

>>8188119
>pending approval from the bankruptcy court.
This is exactly what anon you replied to JUST SAID.

The court could wait years.

>>8187838
>actually falling for bait

>>8187458
Nope
Dumping the market with new supply without the demand and capital would mean the death of bitcoin. If that were the case expect sub $1 btc values

>>8187648
If they wanted to they could just send the BTC to the wrong address

>>8188095
yeah insiders like charlie lee made a killing, but bitcoin is a public ledger and they can't sell anymore without approval from the courts

>>8187902
bet he lost his keys.

Could this be a silver lining - assuming they don't dump the remaining BTC and need court/trustee decisions, this means we know what caused the massive price drops of late.

Maybe regular whales don't have as much power as we thought...

>>8188008
finally a non brainlet post

>>8188192

>>8188250

>>8188113
i wouldn't feel safe at all if i was that guy, wasn't some south-korean minister that wanted to start a crack down on crypto poisoned pretty recently?
if you're holding big crypto bags and you don't have much empathy the choice between hiring a hitman and letting your profits go down the drain isn't that hard.

>>8187515
>>8187557
>so no need to worry
You're kidding right? If you're a rational person, you stay away from btc when one man can crash btc at a whim. It's a fucking bear market anon. The 10000%+ growth and moon missions are over. The cat has been let out of the bag. We're more vulnerable thab we thought

>>8188035
also significant to note,
I've seen large increases of threads and posts promoting trading bots recently. all used similar language and images, and in one case the ID's of the OP and the people bumping the thread and hyping up the bot matched, I'm guessing because someone forgot to use dynamic IPs when running the script to spam the bot.
I also remember one user downloading the bot to verify and he showed that the file only contained two text files one labeled buy one labeled sell. if this was not fake, it is likely that a trojan attack was used and that the attack was actually done through a concealed bit of code that would compromise a binance account.
this avoids he need to have a bot implemented or even to have an actual bot at all, and it is also likely that anyone that clicked this link would soon forget about it after deleting it leading to the uncertainty of the origin of the hack due to claims of "I got hacked even though I don't use a bot"

it's highly likely that all of this was automated using scripts and the like as evidenced by the max 2 min duration of the via pump.
it's a complex attack for sure, and was planned and executed very well.

everything else is just FUD

>>8188285
This is true. The japs are super behind when it comes to technology. I think the judge has no fucking clue what he'd just done. Making this public was a gigantic mistake.

>>8188209
thats not the point, he knew there was going to be a dump, he had a guaranteed short and could pull it off without anyone knowing because yay unregulated cambodian bucket shops is the future economy for digital gold

>>8188340
Yeah that via pump was executed very well
I wonder if they managed to get the withdraw or were able to scramble enough trades to keep that wealth

I found an exploit once on a gambling site and I didn't execute it very well and only got a fraction of coins that I could have

>>8188424
>I found an exploit once on a gambling site and I didn't execute it very well

story time

>>8188335
You're an idiot. Crypto is a super young, unregulated market with almost no liquidity. The more it grows the less susceptible it'll be.
What we need the MOST though is decoupling of alts from BTC. We need fiat pairings.

>>8186428

Oh god damnit.

>>8186658

He's well under way in doing so right now. Oh course he's not going to dump the lot in a week as they would crash the price too hard and earn him less fiat. If he trickles it on to the market slowly, the price will be more stable and his final numbers will be better. Unfortunately he's not going slowly enough at this point.

buy the dip!

>>8188485
>Crypto is a super young, unregulated market with almost no liquidity.
That's the point you fucking idiot. One man can literally crash the market if he decides to. Until there is enough liquidity and capitalization, then you are at the mercy and whim of this guy. Satoshi even has 900k still unmoved in his wallet. Now imagine if that moved anon and he or someone that hacked his keys decided to dump it all. The end of crypto as we know it.

Use your brain instead of replacing reality with your fantasies made up in your head because you wasted money into this. You are a dumbfuck if you don't see what this entails.

>>8186828

What if I told you...

You are the normies.

>>8188424
that's another one of the unknowns, I mentioned it here
>>8188668
i can't stand all the idiots running around acting like they know something.

>>8188424
that must have been fun
the only thing I've ver found was a glitch in a paper trading stock game that my middle school class played as a class project that crashed shares of berkshire hathaway to under $20 after hours. so dropped all my fake money there and the second the market opened I had maxed out my account to repeating nines

>>8187761
Nano

>>8188585
who ever you are, wherever you are, what ever you do for a living. stay poor anon. stay poor.

>>8188585
>thinks you can hack keys

jesus fuck

>>8186428
What an idiot. He should be selling 1 BTC a day. He'd earn so much more.

Don't pussy out, they won't dump it all at once, crashing it to $1000.

>>8186796
This. I have 20% of my net worth in crypto and hope it dumps hard so I can put even more in. People here complaining that they bought Google at $4 and now it's $1 don't see the light at the end of the tunnel.

>>8188830
>market tanks and is bleeding because of one person
>so desperate now that he has to replace reality with fantasy
Hard work will always beat get rich quick schemes faggot. American welder who earns 500k a year.

>>8189001
you weld americans?

>>8189001
>supposed hard worker earning 500k a year
>on /biz making internet fights
kek

>>8188868
>not getting the point the post
Jesus Christ, the absolute state of /biz/. You're so stupid and deluded that you couldn't even understand simple fucking english. If a man that had that many supply of bitcoins tanked the market just by unloading 1/6 of his coins, imagine if Satoshin decided to move his and unloaded even just a tenth of it. It would be over for your "revolutionary" buttcoin. One man having this much of an effect on the market is not healthy. Only faggots and lazy NEETS such as yourself only cling to this fantasy because you couldn't get a job if your life depended on it.

>>8188896
>35,841 BTC
>34,008 BCH
>35,841/365 = 98 years

yeah that's not gonna happen, even selling 10 a day, which is also suspicious would take about 10 years

>>8189092
it's time to take your xanax m8.

>>8189081
We all have our guilty pleasures anon.

>>8186154

fuck you guys are tards. why is everything so binary with you?

You honestly beleive these are all going to be "dumped" or even "steadily sold" on the open market. No. They will be sold off market or the governments are going to be buying them at a discount to get rid of them quickly. governments are drooling over getting that 160,000 BTC for such prices.

>>8186177
based COSS

>>8189156
>delusional moron mooner who can't tell reality from fantasy telling me to take meds
Kek.

The irony is off the charts!

>>8186885
This nigger is named Kobyashi. Dollars to donuts he approached Yakuza for protection so he could launder this level of cash without being murdered or jailed.

>>8189092
again stay poor anon

>>8186177
>>8186220
Retards. Litecoin and Ethereum got fiat pairs pretty much everywhere and they get justed just as well as any alt.

What if Mt Gox Guy gave everyone the rest of his BTC? He's already in the 9 figures range and this could be his chance to set things right. Dispersing the rest of his funds would ensure the survival of Bitcoin and could bring upon the greatest wealth transfer in human history. The absolute fate of the world could be resting in his hands whether he knew it or not.

>>8187933
I would cum in my fucking ass. These Satoshi tier whales could liquidate world Jewry if they intentionally pumped (and could avoid blame in some way).

>>8189353
good afternoon brainlet

>>8189188
Checked.
/coss/ack raiding party soon lads.

>>8186154
t. making mountains out of molehills

>We got goxed AGAIN!
this is a new r/buttcoiner favourite because idiots will eat it up
ITS ALREADY HAPPENED
it dropped from 20k to like what, 8k?
THAT was getting goxxed

the guy just became a billionaire and still has fuckloads of crypto

It wouldnt make sense for him to crash the market now, when he could PUMP IT UP so that his current crypto holdings FAR EXCEEDS the profits he just took

>>8189791
Maybe he wants to watch the world burn, gox style

>>8186796
This anon gets it, this is basically a second chance for all of us, think long term.

>>8186755
So much this. He could get a better deal even if he sold below 1k the actual value.. This is a plain old Idgaf. Fuck you and Fuck crypto. Not only I robbed you blind I'm dumping on you..
And you can bet that they are shorting BTC with 100x leverage everytime they dump because they would be retarded if they don't

>>8189791
the guy didnt become a billionaire hes a TRUSTEE its not his money holy fuck how stupid are people here?

>>8186154
Ok , but why the flying shit would he decide to dump it in January when everyone dumps? Why not help BTC ignore the winter bear market and help it soar to 30-100k, helping its reputation and inviting trillion dollar investors so in the end he can sell without stopping the bull run?

>>8186658
>who's to say he's going to dump all of it
The fucking court you idiot. The same court that told him to dump it to begin with.

>>8186154
Kill him
>wut?
Just kill him.

>>8189425
He is a jew. Do you honestly believe he is going to do that?

>>8189978

>>8188053
No, brother. The fire rises yet.

>>8190077
No seriously. WHY DO ALL WHALES DO THIS???

Has nobody heard of the goose that laid golden eggs?

>>8187257
Renaissance capital Black Medallion is memes upon memes.
my bot predicted this crash and called the bottom and it doesn't know jack shit about quant-am physics

God I hate pyramid scheme which involve faggots unloading too quickly.

>>8188006
the next Kali Yuga? We've been in it for some time...

>>8189092
>>8189092
>One man having this much of an effect on the market is not healthy
you're the deluded one here. welcome to every market ever. the hunt brothers were just stupid enough to get caught.