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Mt. GOX is returning 200,000 Bitcoin to victims who got hacked in 2014. Dump Expected in 60 Days.

Will this affect the market?

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
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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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Let see

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Nah...if you have btc since 2014 you know what to do...stack sats

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I don't, but still Stacking

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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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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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Hope it affects just enough to buy more before april

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More dip more cheap SATs

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Would be nice if people can get their lost BtC

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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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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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