/biz/ - Business & Finance

>>9107144
Oh fuck, he is going to dump BCH too?
I don't remember him doing that before.

We know, Todd.

i dont know why they dont just dump all of the bcash first, that leaves them with a lot more btc left over for themselves when their obligations are done.

"Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the [greatest] extent possible,"

Direct quote from Mt. Gox Trustee Kobayashi, that proves his sells will NOT affect the price of Bitcoin.

They auctioned it privately..

Why the fuck can't this faggot sell OTC?

>393 BitMEX BTC/USD ** $3,876,510,000 $9,057.50 0.00% Recently

>** = ** Volume Excluded - No Trading Fees

Dump happening on bitmex?

>>9107144
its clearly for an OTC trade, maybe not for BCH as there isn't really much demand on the OTC market for it

>>9107258
Nice.

>>9107144
For the thousand time, they wll be sold in private not in exchange. This wont affect the price at all.

>>9107258
Who is going to buy 16k BCH via OTC?
Just wow, someone would have to be really bullish to do that.

>>9107258
Can't believe I'm only hearing about this now. Wtf was that bit about Kraken guys asking him not to market dump then? Wish they would've been more public about this shit. Price crashing every time they touch the wallet and subsequent death threats probably made them wise up.

>>9107391
>Who is going to buy 16k BCH via OTC?

>>9107258
Hooray!

>>9107258
Qash's beta worldbook saved the day, ya'll

can someone explain who is doing this ? the hacker ? i don't get the mtgox story

god dam it took that moron long enough to learn what OTC and auctions were and how OTC vs market sells effect the market differently!
exactly how much money is this moron in charge of again?

>>9107391
Hedge fund, small country, big tech company, the list is endless

>>9107258

So the private buyer will dump on us instead

Nice

Bill Gates could buy 16k with his spare change

>>9107575
MagicalTux is dumping the coins he stole.

>>9107430
what happened was that when news spread around the elite circles that he had to liquidate to cover some costs anyone with half a brain was screaming at the guy to go OTC but he didn't listen and market sold through exchanges, casing huge dumps in the market and continued downward price movement.
after that info came to light and all immediate expenses were covered they guy finally decided to handle the funds properly and go OTC/private auction from that point on, which is why people get so scared and try to take advantage of poor info to spread fud about this guy dumping more with market sells

>>9107233
>holding btc
>2017.8 + .8

Wew

>>9107349
You do realize whichever parties that end up buying that OTC can still dump on exchanges right?

>>9107144
If he dumps it all and ruins my year this year I will find him and have a good talk with him

>>9107698
They will be buying in range of market price hence they will sell only if they can make a profit. This move stabilizes BTC even more

>>9107637
Exactly. Especially with such amounts it'd be impossible for the trustee so sell the entirety at anywhere close to current market price. Which means whoever ends up buying will be buying at a discount ie. can instant dump on exchanges to profit, and have a huge margin to dump and still be profitable.

I sure hope it crashes.

Hopefully, BTC finally dies. what a shit coin.

>>9107391
Hedgefunds, whales, countries and (((them))).

>>9107775
Even at OTC exchanges for stocks, transactions rarely get closed anywhere near public market price. You'd be delusional, or ignorant, to think crypto is any different.

>>9107700
lol u can see his balls

What if he magically manipulates the price in a good way. That he shoots BTC back up to 20k ?

>>9107833
Lets say a hedge fund buys it. Would it be in their best interest to dump the entire thing and crash the market, hence losing value? Or do you slowly unwind at a great profit? The Mt. Gox seller didn't give a shit it wasnt his money. And I didn't say they would close near market price I said in the range. Jesus at least take Business 101 before you get defensive about your shitcoins.

>>9107914
see >9107809
If I'm still working at a fund that's exactly what I'd do. The margin for gain is huge af you'd have to be braindead not to capitalize on that. I can still be long term bullish. Fuck off with your high school logic. You just outed yourself as an amateur. I bet you haven't seen anything more than 7 figures in an account.

>>9108008
You are such a dumbfuck. Go fap to your cartoon porn. Why would you tank the fucking market with your entire stash if you are long term bullish? Ever heard of Long term capital gains tax? The only seven digits in your account is .0000001

>>9108103
lmao, you just outed yourself as a small fish again. Do you seriously think we play by the same rules?

>>9107914
16k is enough to temporally move the market, it's not enough to make a large enough crash to be profitable.

if you wanted to manipulate price down, you'd take short positions on btc derivatives/futures then market sell and close shorts in profit. it depends on wether the entity would make more on the shorts than it would lose on the purchase and sale of the BTC including slippage, which depends on the borrowing rates they can get for their short position,

alternatively: many people are bullish again, and the market looks like it is turning around, OTC price will likely be some amount lower than market price, but considering current market it would be best to buy the BTC with a bullish outlook and use it as a hedge against traditional investment positions as BTC does not appear correlated with traditional markets or derivatives or commodities.
so they'd buy BTC in a time of increased market volatility and when stocks (S&P500 and NASDAQ) are at all time highs in order to hedge against other positions, and unload the position over time

>>9107144
No time to wait. Everyone cut off your dicks and put on these Nikes. It's time to go.

>>9108174
Good lord I actually feel sorry for you. More so I feel sorry for your caregiver who has to keep reminding you that fapping in public is wrong. Send me your address I'll send you some Bitcoin to help defer the cost of your future care and treatment.

Please increase price more so the justening is that much sweeter when the private trade buyer market dumps for phat lewtz.

>>9107391
the US alone has 15 MILLION millionaires. there is a fuckton of rich people on Earth who would buy that, not necessarily one person. it could be sold in chunks at an auction.

16k btc isnt anything to worry about
yawn

>>9108228
>braindead newfag who resorts to ad hominem instead of listening and learning
see >>9108200
nice anon just took a few minutes of his time to educate you

>>9108428
Keep collecting Dogecoins and dreaming about humping your caregiver because your future doesn't involve a lot of money.

>>9108490
Kek anon why are you still trying? Promptly kill yourself fag.

>>9107258
THANK GOD. Remember literally EVERY single retracement peak was dumped on by Kobayashi including the ATH. We can finally be free of Gox moving forward.

>>9107276
Those are derivatives and do not affect the price

>>9107258
Doesn't matter, self fulfilling prophecy will make it crash now that everyone is noticing it.