Mt. GOX is returning 200,000 Bitcoin to victims who got hacked in 2014. Dump Expected in 60 Days.
Will this affect the market?
74 sats \ 0 replies \ @freetx 23 Jan
MTGOX DUMP is part of the fud dice that gets rolled out every so often.
There are some mitigating circumstances:
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These were OG holders.....odds are they dont want to sell (already have other stacks)
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Multiple investment groups (Fortress, etc) have already pre-bought a number of claims
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Odds are ETF and OTC desk are also pre-buying claims
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20 sats \ 1 reply \ @hodlpleb 23 Jan
Good for them, all around.
Mt. Gox ultimately did these people a huge favor. Very few would have held since 2014 ($480); We've basically 100x since then.
Anyone with a brain will hold onto it at this point, but no telling what happens.
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0 sats \ 0 replies \ @Cowboy OP 23 Jan
Let see
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6 sats \ 0 replies \ @kristapsk 23 Jan
Not sure about details, but unless they pay out in fiat, why do you think these people will dump BTC for fiat?
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6 sats \ 0 replies \ @anon 23 Jan
Reminder they will get paid in fiat based on the settlement and that could come form other assets not just BTC if they have it, maybe I am wrong.
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5 sats \ 2 replies \ @kr 23 Jan
sauce?
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239 sats \ 0 replies \ @Cowboy OP 23 Jan
https://cointelegraph.com/news/mt-gox-confirm-bitcoin-addresses-repayment
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0 sats \ 0 replies \ @Cowboy OP 23 Jan
Schezwan?
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5 sats \ 1 reply \ @Gian 23 Jan
Nah...if you have btc since 2014 you know what to do...stack sats
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10 sats \ 0 replies \ @Cowboy OP 23 Jan
I don't, but still Stacking
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5 sats \ 1 reply \ @fm 23 Jan
Hope it affects just enough to buy more before april
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1 sat \ 0 replies \ @Cowboy OP 23 Jan
More dip more cheap SATs
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0 sats \ 0 replies \ @TheBTCManual 23 Jan
Bring on further price depression I am so here for it, I need cheap sats for as long as possible and give the newly joined ETF boomers some idea of what downside vol is like
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0 sats \ 0 replies \ @stackschina1 23 Jan freebie
ultimately did these people a huge favor. Very few would have held since 2014 ($480); We've basically 100x since then.
Anyone with a brain will hold onto it at this point, but no telling what happens.
15 sats \ 0 replies \ @Eobard 23 Jan
deleted by author
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