/biz/ - Business & Finance

>>8188889
so close to fucking quints OP

Kek almost believed you, so did I

>>8188889
>165 million bitcoin and bch

>>8189049
I know. Still the truth and what must be done anon. Doesn't have to be ETH, but we can't stay in Bitcoin anymore. Its time to let go.

>>8189088
Sorry 165,000. Honest misstype.

>>8188889
How exactly do we ditch it? Do you mean sell it? As in for someone else to buy it? How do you see this working?

>>8189100
don't tell me, I was late to the party after the China FUD last autumn, so I never actually used any BTC. ETH -> other alts all the way.

Try to persuade those fucking boomers of crypto to stop measure everything in sats

>>8189141
more people want to sell than buy, the price goes down, people move to alts

which part you don't get?

>>8188889
see you at $350 (pronounced tree fitty)

>>8189182
The part where OP is calling for a collective abandonment of Bitcoin. All the while people can sell is because people still want to buy. Bitcoin isn't going anywhere.

The fuck is everyone so scared for
Lets say they do sell all 165k
They sell and market drops yeah yeah yeah
bitcoin will be low for a while but it'll just be distributed among everyone and the price will EVENTUALLY return
It'd be better off in the long run if he didn't have the bitcoin in his hands
he knows that though

>>8189141
Yeah exactly. Sell it and use something else to transact with and use whatever else as your trading pair on exchanges. Obviously some people will buy and be left with bags at the end of the day but that's kind of unavoidable. Hopefully the bagholders are ones like Mt Gox.

>>8189220
Its not just that Bitcoin will be low for awhile, this will keep the whole market bearish for a long time and probably compound on itself as people do get scared.

so you're telling me this guy has 320k btcp?

This actually means btc would be worth much more by now if this wasn't for this price manipulation
Isn't that good?

>>8189220
>increasing supply without the accompanying demand and capital
>what is supply and demand
I swear people on /biz/ are just retarded.

>>8189049

>>8189266
dunno his exact amounts, but BTC, BCH, BTG, BTCP, and all the other forks he's got enough to crush their prices.

>>8189326
pretty sure it was 1:1 for ZCL so he has 160k from that and 160k from btc

Holy fuck I've been telling you faggots this for at least 4 months. Those who heard and had at least a bit of common sense saw the writing on the wall and sold, they cashed out or invested in alts.
What you need to do is stop every BTC/BCH shilling attempt. BTC was compromised almost from the begining.
>>8189326
Everything forked out of BTC is compromised

You fags can't really let a bunch of latecomers with less than 100 BTCs keep cucking you. Everyone with decent stacks sold quietly in december. The other ate their own HODL shill and got fucked.

>>8188889
Bitcoin is a currency that is an objective representation of work accomplished. It is the greatest thing created in my lifetime. If the you or the imbeciles that ran mt. Gox are incapable of understanding the value of this please keep selling I will take the cheap btc off your hands any time

>>8189304
kinda but now we know there's 165k btc that could be dumped at any time which means we might not see the price go up if they keep dumping as soon as the market looks bullish

>>8189418
Second this. These faggots don't yet know how revolutionary and secure Lightning Network is.

>>8189305
You know how sometimes you go to the store and buy cereal?
Well you know how the cereal is normally like 3 dollars
yeah me too
sometimes though, it's 1.50, and I'm like wow, what a great price, and I buy two

>Will the whole market crash for a while?
yes
>will it recover?
Always does

"As much as $400 million in cryptocurrencies was sold" So people made money..

>>8189418
This is the thinking we have to combat and is fucking the whole space. Listen, Blockchain and Cryptocurrency are the greatest thing created in your lifetime. You just think its Bitcoin because of the cultural elements they've attached to you.

You know what was also one of the greatest things created in my lifetime? The Atari. Guess what, I don't use an Atari anymore. I have nice desktop computer and a PS4. Stop getting attached to a piece of technology. We have to move on.

>>8189465
Not even any need to debate this because all the blockchains will have it so its irrelevant to mention it in a conversation about Bitcoin.

>>8189418
>>8189465
>>8189474
> Uh oh, the pajeet shill cavalry arrived.
> Every BTc shill post should be accompanied by the shill's public address
Keep wasting your time trying to convince a bunch of neets and soyboys while we gear a campaing to fuck that scam coin over on mass media. This is the last straw.

>>8189568
fuck off gay boy

>>8188889
Don't you guys get it? This Idiot might keep dumping his bags at low price but it's artificial. The market as a whole has bullish sentiment and things will go up eventually. As long as his bags lasts it's just a firesale.

>>8189605
Aboslutely killer argument, I just copypasted it into bitmex and BTC shoot up to 20K again

>>8189766
What the fuck are you talking about, what bullish sentiment. BTC has never left the downward channel you insuferable fucks. BTFO

>>8188889
i hope it gets sold all at once

>>8189766
The market wants to be bullish, but BTC is dragging us all down and stifling it as long as we let it be important like this. If we have a persistent bear market its really going to fuck up the progress we've been making.

>>8188889
r/buttcoiner FUD

ITS ALREADY HAPPENED
it went from 20k to like 6-8k

he isnt going to destroy the rest of his wealth when he can just as easily pump the rest of his crypto holdings into INSANE PROFITS

r/buttcoin are pathetic retards

>>8189829
>insufferable
KEK
might as well paint a target on yourself saying "I am a faggot from reddit"

>>8189882
Well if we don't change our behavior and start selling BTC ourselves that would probably be a doomsday event for all of Crypto right now. Would take at least a couple years to recover.

>>8189936
He literally stated "I plan to consult with the court and determine further sale of BTC and BCC". He's selling.

>>8189936
And of course he would because there's still a mountain of claims against him he'll have to pay for.

>>8189963
thats what i want

>>8188889
>>8190011
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.

>>8189959
You wish you could dismiss me that easy but no, I don't even have an account there. Sorry if my vocabulary is bigger than yours, this is not my first language.

I just love triggering you fags, I also love to see which team of pajeets gets called each time core start to panic. is good intel for my side business.

*why would they continue to sell if it causes the value to plummet.

They would literally shooting their own foot, better to not sell and just wait for a higher price again.

>>8189930
>>8189829
Institutional money coming in. Crypto funds and normie-friendly exchanges popping up. Crypto in general getting more and more accepted left and right. And now everyone knows that this retard is selling his bags cheap, and that there is a finite amount of cheap crypto before it runs out, might take half a year but it will run out.

>>8190118
He sold most of his bitcoin at 10-6k. He's just dumping. If he was smart he'd sell 50 BTC a day or do it through brokers

>>8188889
if they market sold all BTC right now we'd go to 5k and bounce up, guaranteed. The damage is blown out of proportion, and that's even assuming the rest is sold.

Someone should set up an ico acept bitcoin and burn them...

That way we ditch it for a new coin, we value ourselves and have no whales...

>>8190118
Because they don't give a fuck about price, they are a gov entity following court orders to reimburse money to the GOXeds. Hows that hard to understand?

>>8190132
How can you fit so many memes in a single paragraph? You are so wrong on all levels that is like you just woke from a coma of six months and you are literally copy pasting the shill scripts from 2017. Fucking kek.

>>8190162
But they owe credits fuck tones. Wasting a billion could mean jail time for someone.

>>8190238
Stay poor nocoiner.
Hope you buy the coming dip, because this shit is NOT going to zero.

>>8190162
>>8190118

When you're a big player in a market, you have a tradeoff between market impact (e.g. how much your sale moves the price down) and your certainty of the price (e.g. how certain you are of the price you'll get). The longer you take to sell your bitcoin, the less sure mtGox is about the price. But the less they will move the price down.

Selling off their holdings over 3 or so months seems like the sensible thing to do, since you can be fairly certain you can get some value out of an essentially useless asset.

>>8190068
This, they're only selling the court ordered amount. Stop fudding you stupid faggots

>>8190380
and giving us a sale in the process

>>8190328
Not sure why this is turning into a "nocoiner" thing. I'm not at all suggesting to sell Bitcoin for fiat. That's stupid. I'm saying sell Bitcoin for Eth, Monero, or whatever alts you want. Just be in ANYTHING other than Bitcoin or its forks.

>>8188888

This makes sense no sense.

Of all the crypto use cases BTC is the only overwhelmingly successful one so far. A secure electronic store of value with no middleman. Smart contracts and all these other alts have no real value yet. BTC will continue to grow and be king for a long time.

You are concerned because this one entity has .7 percent of the supply of BTC. This is a lot yet ANY OTHER ALTCOIN has individuals holding much larger percent chunks. Any crypto has whales who own enough to drop the price to shit. BTC is at less risk of this than most other coins in reality.

The thing is if people value the coin enough they will buy the dip and restore the price after a brief recession. Plus the court will take another 4-6 years before it rules on what to do with the rest of those coins; just like it took them that long to decide to liquidate these coins and pay off the creditors.

>>8189049
linkies got the quints

>>8188889
Yeah. I've been thinking for months that BTC pairing should be stopped across exchanges and replaced with ETH. Now would be a good time for this. I hear there's still 125k btc left to dump.

>>8188889
Newfag here, dont undertand how they can go bankrupt when they have billions of dollar in coin, and not give any of it back to its owner. Literally selling it and pocketing the money?

y’all realise that when the gox creditors get their trash fiat payouts, they will probably want to buy BTC with it?

>>8188889
I hope someone kills this kike.

>>8191254
>owners plural

>>8191262
They're going to pay the gox creditors? Based on wht BTC is worth now or back then when it was a quarter

Need rundown.

>>8190797
No, this argument of yours makes no sense. All cryptos are stores of value with no middleman and if you want talk about security than there's ones more secure than BTC. I'd 100% argue Monero and ETH are more secure than BTC is today.

>>8189220
We're not scared we're sick of bitcoin's shit. It's slow and expensive and the scalablility FUCKING SUCKS and there's a massive doomsday wallet just sitting there in some old chinks cupboard.
RIP you old bitch time for new blood

>>8191424
This. I'm not worried about the death of crypto. I'm worried about BTC has become the WORST thing for the cryptocurrency market. Its just an enormous liability at this point. We need to sell it off and move on.

>>8191513
This. Gas the Satoshis, flippening now.

>>8188889
>>8190911
OP tried to hit quints on purpose, something smells fishy here. Non-the less I get a massive erection when I read FUD.

Do you guys remember Muhammad on /biz/ in 2016?

We need to stop holding on to this dinosaur coin. BTC is not suited for the real world, its transaction fees are stupidly slow and costly. Get out now and never buy back in unless you're a cocaine addled day trader.

In the meantime, start flipping into practical shit. Shit that people will actually use and have real world value. Monero will continue to grow due to its popularity for private transfers. Ethereum is catching government attention. The only plans governments have for Bitcoin are for regulation and taxation, because it's fucking useless.

It's time to flip and let go. Bitcoin's job is done and we have to adapt before it brings us with it.

>>8189936
What's fucking scary is that these people will continue to FUD even after Bitcoin reaches 200k 500k 1 million + Not saying it's going to hit those prices but speaking from a normal 3rd person perspective those buttcoin people are so fucking weird.

>>8188889
>They still have 165 million Bitcoin

>>8191424
> It's slow and expensive and the scalability FUCKING SUCKS and there's a massive doomsday wallet just sitting there in some old chinks cupboard

pretty much this. maybe add the fact that the development community is steered by money agenda's and the technology is not their top priority.

WHY IS BTC STILL RELEVANT

>>8191745
Yea that will happen eventually, but the main issue it's not going to happen anytime soon. You'd be fucking crazy to think so at this point in time is what people are getting the vibe from.

And it's like clockwork that EVERY.SINGLE.TIME there are posts like this in /biz/ it's a contrarian market indicator that good things always come out of articulate FUD posts in /biz/.

The scariest posts in /biz/ are not articulate but those posts that go

>Hey guys bitcoin is going to dump.

>>8189263
Why would they liquidate all at once at crash the price? That's not in their best interest unless the also have a short open.

>>8188889
thank god i only hold eth and link kys corecucks your days are numbered HAHAHAHAHAHAHA

>>8189114
bitcoin isn't even a third of the way mined, and plenty of other reasons are to blame for this perfect dip to scoop
you should honestly kys
this is the worst FUD I've ever seen

>>8188889
So what you're really telling me is, now is a GREAT TIME TO BUY! Right? Just want to be sure here.

>>8189220
This, it's not even such a big deal. Miners mine 54000 Bitcoin every month and they are selling a lot of it.

>>8191405
Ethereum literally undid a transaction because the DAO fucked up a smart contract. Try doing that with bitcoin.

>>8191955
Almost 17,000,000 out of 21,000,000 have already been mined.

>>8189100
checked. also, everyone with an iq above room temperature ditched bitcoin a while ago. fucking sick of these core cucks and all the fork faggots dragging crypto down with their retardation.

>>8188889
Let's all mine and buy UBIQ.

>>8190385
so what you're saying is we're in for 6 months of no retardly huge dumps

Let’s say bitcoin and all its clones were ditched, which would be the best currency to move to, to use as a currency/store of value.

Ripple and stellar are out because they’re centralised bullshit, monero has its place, as do the smart contract platforms... so which coin best takes bitcoins place? Litecoin? NEM?

>>8192268
ETH

>>8189202
Is that you loch ness monster?

>>8192572
Like I said ETH will have its place as will many smart contract platforms and privacy coins... but I don’t think it’s the best of the top 20, let alone all coins, as a currency

>>8192226
>UBIQ
shhhh Im still accumulating

>>8188889
>They still have 165 million Bitcoin, BCH, and all the other Bitcoin forks to sell and they plan to continue selling.
False. First of all, they have 166k bitcoin, not 165 million. Second, they don't plan to sell it. They said they will only sell it if they need more money to compensate Mt. Gox users for their losses.

>>8192268
Kek fiat

>>8192839
It'll be the best of the top 20 for at least two years after it overtakes BTC

>>8192924
Already corrected this back at the beginning of this thread. Was a misstype.

I mean you can go read the dude's words himself. He literally stated he's continuing to sell. No need for speculation.

So, there is people on this board willing to pay 9-10k btc knowing that some guy with tons of btc was and will sell for 6k or less? Really makes you think.

>>8192839
I personally think Monero or some privacy token is the most logical as currency. Privacy should be a fundamental charecter to even be a currency in the first place.

I say ETH because we're already using it as such in the markets. If not Eth or Monero/Privacy then I dunno. Nano I guess? There's plenty of currency coins out there to pick from. Though I don't see why there's any reason to separate currency from smart contracts like you are.

>>8193064
yea but the logo has fucking ugly ass colors that gives the vibe of a 90s grease Mexican in the back of my head, and fluffy pony being a retard.

>>8188889
It needs to be delisted from all exchanges but this is probably not going to happen until remained 165k buttcoin get dumped in the market. If 35k bitcoin crashed market 4 times in a month, 165k would crash more than 20 times but buttcoiners are too stupid to realize that and exchanges make tons of money from buttcoin transactions. I guess we will have to wait 2-3 years more to see this shit will become a matter of past.

>>8193096
Yeah I feel ya. There's other privacy tokens out there I guess.

>>8192924
So we are just supposed to take their word they won't sell more for any other reason

>>8193096
>Maligning what is easily the best logo in crypto

Mtgox trust has been selling since 20k
They are done selling, that's why the news came out today instead of when they started doing it, although anyone with half a brain knew what was happening then anyway
DO NOT FALL FOR FUD

>>8192839
It's basically anything exchanges decide to pair all other alts to. That's BTC, ETH, LTC. Just unpair everything from BTC and let ETH be the new King.

>>8193109
Hey newcoiner dream all you want but your erc20 shitcoin fomo bags aren't getting any lighter

>>8193330
I hold btc dumb as alts are bleeding but i don't defend it like a brainlet you are.

>>8193388
Btc doesn't need defending because it's the king and always will be and only poorfags who got in too late and are salty about missing out think otherwise
The only reason people want to see btc die is so their fotm shitcoin had a chance at taking the number one spot. Try prove me wrong you fucking cannot.

>>8193422
>Transactions at 2 year lows
> Merchant's dropping acceptance
> Community split in half and waging violent war with each other
> No meaningful development in years
> Too slow and expensive for most use cases and most of the world
> And now its being heavily dumped by at least 1 whale

Boy that sure was easy anon.

>>8193485
>too slow and expensive for most use cases
Faster and cheaper than any conventional method of transferring funds
Cents and within an hour... keep trying

>>8193422
I bought my first bitcoin along with quark coin when you were a sperm in your dad's ball stupid fuck. It's outdated, brought nothing new to table later on, compromised through exchanges and biggest promise to fix its shortcomings is lightning network which is another failure.

>>8193543
Non argument
Another salty newcoiner mad because you're late
Keep trying

>>8193506
I don't have to because your rebuttal was pure brainlet. Its cents and within an hour because its at transaction 2 year lows. Are you completely new and missed the average $25 transaction fees and people waiting for confirmations for days we had just a couple months ago? Or are you really this brainwashed that you can't accept basic facts?

>>8193562
>non argument
>its only argument is projecting that I'm late.

Kek. Kys subhuman mong.

>>8193568
$25 fees never saw waiting days for confirmation.
You're a legitimate stupid cunt who sees shit posting fud and takes it seriously
Kys

>>8193660
Its true though. Entirely true. Only salty newcoiners are mad at btc and it's mainly because btc moves make their fotm shit coins tankc

How hard would it be to remove BTC as a trading pair with all alts? There's clear inventive to do it now.

>>8193506
LOL. I can tell you've never bank transferred large amounts of money. Using crypto is a step 99.99% of transactions don't need to take (and lose money on with associated fees taking the money out of the crypto system, if the exchange does it in a timely manner, which they won't.)
Crypto isn't even close to working at speeds that you can get now with conventional systems. Not even close. And why? Most people don't need to use crypto to move money. That's why crypto is failing to be adopted, there's no problem that it solves for anyone. Even the Silk Road problem doesn't exist anymore, and that was it's biggest use case.
Why would I store my cash in crypto, to pay rent, when I can pay online for free, with no fees, and the money clears instantly? Especially when that balance would be down 10%, waking up today? I earned that money, it's had tax paid on it already why do I need Bitcoin to spend it?
When you can show a real benefit to the average chump on the street for using Bitcoin, or any cyrpto currency, then it will take off. That case isn't even close to being made right now, and the future is murky as fuck. When you can show that guy it's better to buy a sixpack and a pizza with Bitcoin, and there are plenty of places he can do that, then you might have a point to make.
Bitcoin's failure to be adopted is why it's dying a slow death. Crypto isn't going away, but it's not replacing fiat anytime soon.

>>8189321

>>8189220
I can always tell the retards here who have never taken an Econ 101 course.

>>8188889
Wouldn't it be cool if someone murdered Karpeles? I'd jerk off if this happened

Wasn't this the same thing everyone's been railing ripple over? Ripple dumping XRP into the market and tanking the value? What a fun coincidence it happens to the crypto-anarchists poster child.

>>8189936
Dummy, read the article. HE isn't selling them, the trustee who took over control of them is, because they had to sell coins to pay off lawsuits, with the court's approval. The fate of the remaining 160k isn't determined by the court yet.

Jesus fuck, the most hilarious and infuriating thing about /biz is the number of retards who run their fucking mouths when they THINK they know what's going on.

The only speculation you can make is either the remaining coins get distributed back to account holders, or the trustee sells off more, at a peak, to generate more funds for the trustee to pay off debts. Both scenarios are likely, but you won't know until after it's done.

come home, white man. bitcoin is controlled by the chinks.

>>8190118
That's exactly what the trustee did, according to the article. He sold in clumps, when the price rose, as it's his fiduciary responsibility to get the best price possible.

So, every time Bitcoin peaks, there's a good chance he may dump more. The thinking is, he got enough for now, but nobody knows, as their not in the loop with the trustee, the demands on the case via the trustee, and the court.

>>8191262
Wow. Just when I thought this thread had plumbed the depth of stupidity...

>>8188889

Idiots. You don’t need to worry about them selling, you need to worry about who is buying.

>>8193243
>i totally knew Gox was selling
>I just didn't mention it

>>8194018

The truth of the matter is that the trustee and the courts should have taken greater care of selling the coins to pay off the lawsuits. They haven't clearly analysed the impacts the sell off would have had on the markets.

>>8191875
They can't liquidate all of it. The court hasn't determined what the fate of the remaining assets is. Most likely, what's left after all of the lawsuits are settled, the remains will be distributed to the account holders. Have you read nothing about the story? The trustee, who is in charge of the assets of Mt. Gox instead of Mark, is doing what the court tells them to do. The entity Mt. Gox had to pay off creditors (banks and investors, not account holders), so they sold off enough to pay them. The next meeting in 6 months will probably determine the next round of action by the trustee. Seeing as there are still lawsuits and claims to be resolved, I would bet fairly confidently that the sell off isn't over, but there may be a couple months of breathing room.

>>8192230
Probably. But Bitcoin could and will most likely dump for other reasons.

>>8194142
The courts and the trustee have zero responsibility to protect the market. The court and the trustee have a fiduciary responsibility to make the creditors whole again.

Grow up, kid. This is the real world.

>tfw this faggot will never be taken out and his 165,000 BTC frozen forever in time.

I'm sure he has some contingency plan or something, but one can dream.

>>8194178
Account holders get compensation equal to the number of btc they held at the price when mt gox declared bankruptcy it's $480 per coin USD if I'm not mistaken. Once everything is settled the remainder is returned to mark karpeles.

>>8194178
wouldn't that mean we're safe from gox dumpage until the next hearing in 6 months? unless they still haven't sold enough for the current creditors...is that info public?

>>8194260
surely exchanges and funds/wall street are interested in this scenario looming over the market. i'm sure his sells are coordinated with whatever entities are actually running things.

>>8194479
They're not his sells, you dumb fuckstick. The TRUSTEE is selling them, not Kepeles. He's not allowed to touch them until this is all settled.

I refuse to continue discussing this if you can't be bothered to learn the basic facts of this story.

>>8194443
Maybe. And no, it's not public info, until it's in the court, and testified to. You won't know what the trustee does, until after he does it.

Considering it took this long for the public to find out what he did two months ago, I wouldn't try to trade on this information, and just hope he's done for now, there are no guarantees.

>>8188889
PRICED IN

>>8194496
he as in the trustee you spastic faggot. did i say kepeles?!

>>8194326
Right. But there are so many lawsuits against him and Mt. Gox, that pile is gonna be pretty small by the time the account holders get their money back. If there are enough lawsuits, they may not get anything. The court will decide, and we're a long ways from that day.

aghhhhh

>>8188889
i actually agree, the whole mt gox thing is fucking retarded

if everyone on earth just decided to say fuck bitcoin, moving on to something else, and completely abandoned it, it would be the best thing for crypto in the long run

>>8194550
You implied it. "His sells' implies Kepeles. If you were discussing the trustee, you would say 'Their sells".

So sit down and shut the fuck up.

Can someone explain how the fuck this is possible? He filed for bankruptcy, shouldn't he be expected to pay back money to the people whos wallets were hacked on his exchance? He a multi billionare now....

>>8194528
but if we know and monitor his trustee account address that would tell when he's selling. anyway to find that address?

If the lightning network is coin agnostic what does BTC have going for it? Branding and institutional investment?

>>8194573
correct, he implied the trustee. you're english is improving at long last.

>>8194575
No clue. You may be right, tho. But knowing someone's wallet, without being told, doesn't that go against everything crypto stands for?

But if you have the time, go look for the addresses those sales came from, you know the dates and amounts. Could be interesting.

>>8193243
they are NOT done

they sold like 18% and lookt what those 18% caused. go figure what that means

>>8194552
It seems according to this article he will get control of the wallet as soon as the bankruptcy is settled, but I agree he's in for a bunch of lawsuits plus he's being charged with embezzlement by Japan so prison maybe in his future also.

http://www.newsweek.com/bitcoin-mark-karpeles-mt-gox-exchange-cryptocurrency-709242

>>8194575

https://blockchain.info/tx/2beb7a87c73addffa0ed699bd324957991ff92f5f127de2e60240008cace8d93

https://blockchain.info/tx/7310efd96d4027707f5b3eb38cd7611fe90c85466f63f8d03469eead905ed1c3

https://blockchain.info/tx/55454a47565f17cb29d96a78645ed44e089d4701a1d6c1c537441a2b205c9edf

https://blockchain.info/tx/3bb69b7b847f1abbab86644c46ccd6d1f48b0f2b68bb51ce4cf2bee69454e86d

https://blockchain.info/tx/fa824de460a4048fdc404b041bfad6ae5c689ec196721f1eb7ae6c439961df86

https://blockchain.info/tx/d833bd0e7bed0f09748a0cb04611ced5fc9210f95b40b0c02cd65b3ce326f67a

https://blockchain.info/tx/571413cf2e047f250ee4f82405cf69a796e5855d57da1527e43e44d7356e1936

Here you go.

Why would any exchange cooperate with the trustee when it could send the market to 0?

>>8194646
Yep. The fate of all those coins is up in the air. If he's convicted, those coins could be seized. A conviction can also trigger more lawsuits.

My feeling is he'll never have direct control of those wallets again. And, it's odd that the 800k coins that were hacked were never recovered, or solved. The whole story stinks.

>>8194800
Because they make money from fees. And, that's why the trustee did it in stages. And will continue to, I just read that the trustee himself said he's not done yet.

>>8194832
He's going to be convicted, 99% certain. Japanese prosecutors only go after people they know they can beat. This guy is going to jail. Even if he somehow gets off he will be sued endlessly for his remaining stack. Most likely he will lose control of wallet for a long time.

In any case, BTC is a severe liability now and needs to be unpaired from alts

>>8194940
Agreed on all points

>>8193886
>muh poorfags and coffee
Non argument
Using bitcoin to transfer any amount of money internationally is cheaper and faster than bank transfers. End of story.
Even sending within country to another account takes 3 days if it's the first time.
How can anyone be so wrong

>>8188889
> 165 million Bitcoin
stopped reading

whatever fags just sell your bitcoin already if you want out

let me buy cheap pls

>>8195221
And you'd be better served doing that with a multitude of other cryptos instead of Bitcoin.

>>8193028
>I mean you can go read the dude's words himself. He literally stated he's continuing to sell. No need for speculation.
Stop lying. This is what he says:

>As a result of the consultation with the court, I considered it necessary and
reasonable to sell a certain amount of BTC and BCC at this point and secure a
certain amount of money for distribution
resources, and thus, I sold the amount of
BTC and BCC above.
>I made efforts to sell BTC and BCC at as
high a price as possible in light of the
market price of BTC and BCC at the timing of sale.
>I plan to consult with the court and determine further sale of BTC and BCC.

>>8189568
>while we gear a campaing
Not even a btcfag, but who the fuck are "we"?

>>8195221
your delusion is thick anon. how much do you have invested?

>>8193028
>He literally stated he's continuing to sell. No need for speculation.
You're either a liar or dyslexic.

>>8195292
None of them can be trusted other than monero
I'd rather not use eth with its shitty ass wallets and endless bugs

>>8195444
>other than monero
BTCP is the real deal

Why the fuck couldn't they give back the btc instead?

>>8195428
I don't even know what to say anon. Like you're pointing to me the quote where he's saying he plans to sell and telling me he doesn't plan to sell. I'm at a loss has to how to have a conversation with you.

>>8195444
Bro what? The fuck are you doing with eth? Use a ledger and access it through MEW or MyCrypto like a non-brainlet. I can't even imagine what you're doing to encounter "shitty ass wallets and endless bugs".

>>8195539
both these

>>8195539
All fucking coins should have privacy as a baseline functionality. So making a big deal over BTCP or Monero is pointless. You think after the first wave of IRS bullshit this year people are going to suddenly not value privacy features? Bullshit.

Fuck bitcoin and bitcoin cash...

It went from 16k to 6k because of the fucking Mt. Gox trustee dumping . The exchange that got hacked years ago still has left a profound impact for the cryptocurrency's future because we all keep relying on btc,