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/biz/ - Business & Finance

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File: 218 KB, 800x600, GOXXED.png [View same] [iqdb] [saucenao] [google]
8218393 No.8218393 [Reply] [Original]

Not sure if someanon already posted this, but it's worth monitoring during this storm. This is the main Mt. Gox blockchain wallet, with 162,200 BTC remaining.

https://blockchain.info/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk

The future of crypto depends on what this wallet does.

>> No.8218470

Oh shit there is a 5000 btc transaction from 3 days ago, is it what they're dumping now?

>> No.8218554

>>8218470
yup, there's also transactions that show 7000 BTC transferred on Feb 2nd, which (when sold) caused the death dip to 6000. These fucks will literally kill cryptocurrency if they don't start selling OTC.

>> No.8218608

5k BTC sent to Bittrex wallet two days ago!

>> No.8218630

>>8218393
who's buying?
>>8218608
Surely that account got locked, what are you doing Bittrex?!

>> No.8218670

Decentralized coin gets destroyed by centralized wallet. Kek.

>> No.8218751

Mt. Gox has caused this much damage to the market by only selling 400 million notional value.

They have 1.9 BILLION remaining.

You're an idiot if you're not selling now.

>> No.8218772
File: 31 KB, 320x286, 1520285585910.jpg [View same] [iqdb] [saucenao] [google]
8218772

>>8218393
Mt Gox really tanking the market in its grave. its amazing

>> No.8218779

Imagine what they could do to bcash if they access their forked coins.

On the other hand, this may be the catalyst for a litecoin bull run if people drop btc and bcash during the upcoming dumps

>> No.8218838

Holy fuck every time this account takes out 5k or so btc the market tanks. Is this account basically control the entire market?

>> No.8218850
File: 138 KB, 1810x1116, bitcoin mark.jpg [View same] [iqdb] [saucenao] [google]
8218850

There is a prophecy that every five or so years, the Magikarp will stir in its grave, reminding all of crypto that they at one point gave him 99% of all bitcoins created, and he's still in control of them.

You'd all just forgot.

>> No.8218856

>>8218838
Yes and due to liquidating rules, they will be forced to sell it all to pay creditors. They will of course attempt to sell on any upticks but the ultimate trend is going to be down to sub-1000.

>> No.8218862

>>8218838
>>8218393
hah nice "decentralized" coin u got there

>> No.8218980

>>8218856
So they dump, Wait for everybody to buy and jack up the price, and dump again until they’ve squeezed out as much money as they can get. Holy shit. It really can’t be so easy as to buy after they dump and wait for it to pump again, can it?

>> No.8218981
File: 39 KB, 870x607, bitcoin long haul master investor.jpg [View same] [iqdb] [saucenao] [google]
8218981

Sudoku.

>> No.8219083

There's only one way they could avoid market dumping: Selling to exchange brokers OTC.
I don't think they'll do that though. Gox openly says they don't give a fuck about the condition of the market. They market sold $45 mil worth of BTC at the absolute bottom (6k) they dont give a FUCK.

>> No.8219119

Ok can someone go take care of this guy?

>> No.8219136

Market dump 100k Markie

>> No.8219142

>>8218393
>The future of crypto
Not really. BTC is already a zombie.
It can die and the market will just bounce back and be denominated in ethereum and stablecoins.

>> No.8219146

What if we decouple BTC from the market right now? Literally just remove it from most exchanges ect?

>> No.8219201

>>8218393
Well, it may lead to wider distribution of btc and therefore decrease volatility long term.

>> No.8219212

someone is going to end up doing something with that chink. the guy was even adviced not to sell on exchanges

>> No.8219251

Are they done dumping the 5000 btc now?

>> No.8219298

>>8219212
he will shot himself in the back 10 times

>> No.8219299

>>8219251
the price is crashing they are probably dumping right now

>> No.8219318
File: 152 KB, 1200x675, 1489863405094.jpg [View same] [iqdb] [saucenao] [google]
8219318

>>8218850
>>8218981
I fucking hate this guy so fucking much.
He's gonna destroy Bitcoin meanwhile he gets away with scamming thousands of people of of their money.

>> No.8219354

>>8218393
A-are you s-saying the next few UTXO's made by this wallet are critical for bitcoin?

>> No.8219385

>>8218393
Are you guys retarded? This has no effect on Bitcoin or crypto long-term. This is literally a free BTC firesale for those with the liquidity to buy more. This is a great thing.

>> No.8219401

>tfw when newfags get goxxed too.

>> No.8219408
File: 14 KB, 503x292, images (4).jpg [View same] [iqdb] [saucenao] [google]
8219408

>>8218779
This sounds very interesting do you think litecoin will receive most of the attention. Personally i think either monero or ethereum .
>LOAD ZE FLIPINING THREAD

>> No.8219426

>>8218393
>>8218554
source that this is gox wallet? i can't find any info confirming

>> No.8219429

>>8219385
Ya it is a great thing if don’t already own btc or anything tied to btc (basically every alt). If you already bought in and haven’t sold, you are fucked.

>> No.8219464

>cashing out 5000 btc ~ $5MM crashes market by 25%
>total supply 13MM btc
makes complete sense if we admit this is a bubble

>> No.8219496

Is the fucker done now?

>> No.8219501

>>8218980
that's what I'm thinking

>> No.8219502

>>8219429
You're only fucked if you assume that the market will never recover from this one-time event of a guy being forced to sell his BTC reserves.
>>8219464
That has nothing to do with this being a bubble. It's a statement on how the vast majority of BTC holders are in for the long-haul and aren't playing on the exchanges.

>> No.8219507

>>8219464
you’re an idiot
you can crash anything with that kind of money when trade halts are not in place

>> No.8219642

>>8219502
btc dominance is 40%
every coin is added into the total market cap and dominance ratio
btc drops $500
market cap drops $20 billion due to every alt dropping at the same time relative to a satoshi

>> No.8219667

>>8219642
>market cap drops $20 billion due to every alt dropping at the same time relative to a satoshi

BTC needs to be decoupled BADLY right now.

>> No.8219702

>>8218981
Wide nose fat fuck

>> No.8219745
File: 296 KB, 500x500, 1514433588179.png [View same] [iqdb] [saucenao] [google]
8219745

>>8219408
>14 September 2018
>ethereum flips btc
>BTC at $500
>ETH at $100

>> No.8219766

>>8219426
> source that this is gox wallet? i can't find any info confirming
hello niggers, help?

>> No.8219781

>>8218393
Some people were saying it yesterday and its absolutely true. We need to collectively dump BTC for ETH, Monero, or some other shit. BTC is a liability for all of us. Not to mention this fucktard shouldn't be getting any of this money.

>> No.8219811

>>8218980

>it literally can't be as easy as buy low, sell high, can it?

>> No.8219819

>>8219781
ok u start we follow

>> No.8219821

>>8219401
its cosmic

>> No.8219842

>>8219781
A coordinated dump for ETH would be good right about now. That combined with decoupling BTC pairs from exchanges at the same time. So direct fiat or direct USDT would be the only way to exit BTC.

>> No.8219847

>>8219702
You wide nose having mother fucker. They shoulda never gave you niggas money! You don't appreciate shit!

>> No.8219866

>>8219819
Already did. Sold all my BTC for other shit. All its issues and this shit aside, it looks overbought right now relative to the rest of the market anyway.

>> No.8219890

>>8218393
>>8218470
>>8218554
>>8218608
>>8218630
>>8218670
>>8218751
>>8218772
>>8218779
>>8218838
>>8218850

it is not the mt.gox wallet faggot.

this it mt.gox:
https://www.reddit.com/r/Bitcoin/comments/2119pp/mtgox_200k_coins_analysis/

>> No.8219916

Isnt it fucking great to think about how bcore cucks would be so against Ripple for exactly this potential scenario. Bitcoin is so decentralized everyone!

>> No.8219994

>>8218393

this wallet has nothing to do with gox. what makes you think it does?

the trustee cold storage is a collection of wallets with 2k BTC each

I literally have the addresses (if someone wants to buy them)

>> No.8220010

>destroying bitcoin
you keep using that phrase, I do not think it means what you think it means
bitcoin's health hasn't to do with its puny fiat valuation

>> No.8220042

Btc's well has been tainted. No one will touch crypto as long as the spectre of market sell dumps looms in the near future. The only shitcoins to survive will be those that have eth or fiat pairs.

>> No.8220072

>>8220010
Oh we have one of those people who is responsible for measuring everything in Sats rather than USD.

Thanks for dragging the entire market down with you fucking asshole.

>> No.8220091

>>8219642

Yeah and then people buy cheap-in-fiat alts which brings the value up proportionally and the wheels turn and turn.

>> No.8220107

>>8220010
Agreed, but its health was compromised long ago anyway. There's been multiple moments where I realized BTC's days were numbered. Maybe it was when Theymos starting censoring everything, or maybe it was when the CEO of blockstream told a live audience that they should "open tabs on paper with merchants" as a solution to BTC's scaling problems.

Anyway, there's too many reasons at this point to leave BTC for something else. We don't need the drama anymore.

>> No.8220117

>>8219890
that's not it either

>> No.8220295

>>8219994
sir u can sell me now these wallets?

>> No.8220357

>>8219318
this looks like Zedd's twin sister lol

>> No.8220365

>>8218670
they can only sell once faggot

>> No.8220398

>>8218554
but what kind of idiot would buy btc in a private sale from them, instead of just accumulating on exchanges while they are forced to dump it?

>> No.8220407

>>8218751
>>8218856

>1.9 billion left
>bitcoin market cap 147 billion

Do some simple math niggers this will be over soon

>> No.8220504

>>8220072
>one of those people who is responsible for measuring everything in Sats
it's called being smarter than you brainlet

>> No.8220522

>>8220107
some cap this

>> No.8220809
File: 745 KB, 900x1350, f758c9d78918b5a056939a32b068752a.jpg [View same] [iqdb] [saucenao] [google]
8220809

MTGox cold wallet storage adresses:
http://gaelb.alwaysdata.net/MTgox_watch_CW/index.html

>> No.8220896
File: 217 KB, 1296x1458, 1517181406760.png [View same] [iqdb] [saucenao] [google]
8220896

mcafee gonna eat his dick soon

>> No.8220960

>>8218393
Remember all those anti-Ripple shills who kept saying that Ripple was going to dump their holdings of XRP?

>> No.8221060
File: 1.93 MB, 235x240, Yes2.gif [View same] [iqdb] [saucenao] [google]
8221060

>>8219916

>> No.8221392

What happens if this guy dumps the rest of his BTC? What would the price of BTC be?

>> No.8221463

>>8221392
If he dumps all of them at once 0.

>> No.8221505
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8221505

Am I fucked /biz/? Guess it's back to working on the ethnostate. I bet trustee was a jew. Guess it's back to working on the ethnostate for me.
https://blockchain.info/address/1Cr6dqKaycmR3U4gkUDZdmNXPzoAfXKtrb

>> No.8221521

why the FUCK have alts still not decoupled from BTC. Jesus, it's not like there are 160k ETH out there in administration so why is it down just as much as BTC today.

>> No.8221546

imagine how good it must feel market dumping millions at a time knowing you made at least a 20x no matter what

>> No.8221550
File: 11 KB, 650x650, 1491264966314.png [View same] [iqdb] [saucenao] [google]
8221550

that's not the mt gox wallet, are you guys retarded

>> No.8221574

>>8221550
The answer is always yes.

>> No.8221592
File: 44 KB, 1232x1045, 54328682900.png [View same] [iqdb] [saucenao] [google]
8221592

>>8221521
I've been mining all day and watching it drop as I accumulate. 0 fucks given. I'll live in meh car.

>> No.8221604
File: 256 KB, 476x477, 1503029662387.png [View same] [iqdb] [saucenao] [google]
8221604

The thing I'm wondering how much do they have to sell to pay back creditors? And why can't they just give the BTC back to the owners and let them decide to sell or not?

>> No.8221621

>>8221604
because theres not enough BTC for all of them, that's the whole point

>> No.8221622

>>8221604
Oh my god that cat is so cute.

>> No.8221626
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8221626

>>8221521
They will. Just wait few more months for CoinMetro. Pic related ia just a portion of alts that will be traded in fiat pairs.

>> No.8221671
File: 1.32 MB, 200x200, 1512465351247.gif [View same] [iqdb] [saucenao] [google]
8221671

>>8221604
(((give))) I don't think that word exists in yiddish, that's why. Communication issue.

>> No.8221751
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8221751

>>8221621
So the creditors are just the guys that got screwed over by having their BTC on the exchange right? And there is not enough to go around because the exhange got hacked and a lot of it is missing?

>> No.8222156

>>8221751

Can someone answer this guy.

>> No.8222217

>>8219119
I have hot soup and comfy blanket. Give me his address

>> No.8222265

excuse my ignorance, but if this guys dumps a lot of BTC, and we survive, does that mean we have one less whale-bear and more chance of a stable marketprice?

>> No.8222311

>>8221392
'bout tree fiddy

>> No.8222331

>>8222156
bro google it we still don't have all the details. that faggot karpeles was running a nigger-rigged fractional reserve system that had a bank ran 72 hours after it was audited by guess who? roger ver.

>> No.8222378

>>8222265
yeah bullish long term but we gotta get through this short-term bear shit

>> No.8222393
File: 124 KB, 1080x1349, 1517421557171.jpg [View same] [iqdb] [saucenao] [google]
8222393

>>8218393
>>8222265
its not for at least another 6 months based on court time

>> No.8222490

>>8222378
Lmao, you do realize that you're not even taking into consideration the BTC that was actually stolen

Your shitcoins days are numbered