Mt. GOX is returning 200,000 Bitcoin to victims who got hacked in 2014. Dump Expected in 60 Days.
Will this affect the market?
pull down to refresh
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:
-
These were OG holders.....odds are they dont want to sell (already have other stacks)
-
Multiple investment groups (Fortress, etc) have already pre-bought a number of claims
-
Odds are ETF and OTC desk are also pre-buying claims
reply
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.
reply
0 sats \ 0 replies \ @Cowboy OP 23 Jan
Let see
reply
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?
reply
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.
reply
5 sats \ 2 replies \ @kr 23 Jan
sauce?
reply
239 sats \ 0 replies \ @Cowboy OP 23 Jan
https://cointelegraph.com/news/mt-gox-confirm-bitcoin-addresses-repayment
reply
0 sats \ 0 replies \ @Cowboy OP 23 Jan
Schezwan?
reply
5 sats \ 1 reply \ @Gian 23 Jan
Nah...if you have btc since 2014 you know what to do...stack sats
reply
10 sats \ 0 replies \ @Cowboy OP 23 Jan
I don't, but still Stacking
reply
5 sats \ 1 reply \ @fm 23 Jan
Hope it affects just enough to buy more before april
reply
1 sat \ 0 replies \ @Cowboy OP 23 Jan
More dip more cheap SATs
reply
0 sats \ 0 replies \ @LowK3y19 8 Dec
Would be nice if people can get their lost BtC
reply
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
reply
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
reply