Nobuaki Kobayashi, bankruptcy trustee for Mt. Gox,
In the report, he said he'd started selling off the bitcoin and bitcoin cash to raise money for disbursements that the trustee will soon need to begin making as bankruptcy claims are being evaluated, per Bloomberg.
Check the dates of transfers above, they match with the BTC dips
Jonathan Hill
Bizlets said the same about CME futures expiration dates.
James Campbell
I am only interested in facts, everything else is irrelevant and pure speculation. I provided bone hard facts. But as you mentioned, biz is so retarded this thread will probably go unnoticed
Landon Foster
One last thing: "Kobayashi is not done yet" and there is no legal mechanism to stop him. It's all legal, the market is not regulated. This pump and dump will continue, as long as the mt gox claim exists.
You all have been warned. Screencap this.
Landon Lewis
THANK YOU BASED KOBAYASHI
Landon Brooks
Is it a coincidence he waited for the dumpings untill the futures were released? No? I didn't think so.
William Gomez
Yes thank you for providing information from zerohedge user.
Luke Gomez
So, 1fuck has 200k of bitcoin, and will dump it every time when market try to recover?what the point of all this shit then?
Brayden Anderson
This article is shit. Kobayashi can't just sell BTC/BCC at will. He has to consult with the courts first and they will decide what the next logical step will be.
>DECENTRALIZED >SINGLE GOOK CRASHES MARKET pick one
Robert Barnes
Once he is done in a few years btc will be 500k each
Brody Howard
That's a good fucking point. Wow. This is the most smelly Pajeet bullshit I've dealt with since Gox actually got fucked. They single handedly have ruined crypto 4 times now. This time could very well be the worst.
Adrian Kelly
more like 500
Dominic Turner
when
William Anderson
What are the odds these slant eye'd bureaucrats are even using proper security? Someone needs to hack them again
Jackson Green
They don't have to tell the public. They have been in talks the entire time and this is how they have decided to handle it. We have the wallet address so we know this is real.
Hudson Martin
wow dumping 0.1% of bitcoins causes the price to crash fucking joke meme you are all retarded niggers
Josiah Bell
This dump distributes the coin more evenly.
Julian Perez
Satoshi Kobayashi
Xavier Clark
Ye, in like 5years he will broke 20k, and another shithead who accumulate bitcoin at 700$ will start to dump another 200k,lol
Liam Cooper
I hope he gets killed soon like that korean regulator.
Daniel Green
This is guaranteed to revert to sub 5k levels this year after this bombshell. And then once he is done dumping we will begin the real capitulation ala 2014.
Benjamin Cook
If you look at the stocastic or MACD you don't see anything unusual during those time periods. We had a bubble to begin with anyway.
Jordan Sanders
Same as no financial elite bought in at 40 cents during the investment crisis when money was cheap and markets saturated, right? You cultists are incredibly naive and will get justed by WS via derivatives.
Gavin Anderson
These people care so much for physical appearence but they never consider that their breath stinks
Zachary Johnson
So what happens when he runs out of btc
Tyler Cox
he has lots of actual money
Anthony Roberts
Proof?
Kevin Mitchell
They cannot sell until the trial is over, at least 4 years...
Hunter Scott
they wait for the market to go back up a few thousand between each dump, they still have another $1.5billion current value to dump
Mason Thomas
Go on....
Justin Martinez
And the suply dries up... if there is demand...
?
Ayden Rodriguez
Because one guy sells a stack of 35k, housands of different people buy chunks of it.
So rather than 1 guy owning 35k, 50k people own bits of it.,
The overall issue is the court ordered Mt.Gox to be liquidated in 2014. This is part of the process of selling off everything and paying back creditors, investors, and account holders.
Those coins will be sold...eventually. But right now, it looks like there's a 6 month window with no selling.
You can whine and snivel about the trustee all you want, but he's just doing what the court ordered him to do. Kepeles declared bankruptcy, this is the court processing that. It's not personal, they don't give a flying fuck about you, this is just business.
Thomas Ward
Was he what caused the tether printing?
Also did he have anything to do with Bitcoin Cash pump? Even if he didnt I bet they made dollar from that.
Caleb Hall
>implying it’s not both The slant-eyed cunt obviously shorted before he dumped
Thomas Lee
Yes
I took a community college economics course, trust me on this
Logan Young
Selling introduces new supply.
Jackson Hill
Yes which then dries up due to demand
Lincoln Davis
No fucking clue. I've never read anything that connects Mt.Gox to any of it.
Jonathan Stewart
That "slant eyed cunt" is an officer of the court, and would be jailed for doing that. He may even be forbidden to hold Bitcoin until he's done with this case. He's also being well paid for his role as trustee.
Jaxson Garcia
We probably wont read much about it, but if he was moving that amount of btc then chances are he was tethering some up which would explain the large amounts of tether printed during this period.
John Cook
Right. Because Asians are known to be honest, like that Korean politician, who shorted before the regulations
Sebastian Carter
Right, because you're an ignorant cunt who can't accept the reality.
Because being a sniveling little cunt is more important than understanding what's going on.
Right?
Brayden Morgan
He has a point though
Jace James
this is good news of bitcoin, it means theres nothing fundamentally wrong with the market
Jordan Walker
Not really, this is the nips we're talking about, not the chinks or seaniggers
Nicholas Watson
>they've seen his face >get him into hiding >now
Carson Davis
brainlet alert
Gavin Walker
why did this fucking numpty sell on exchanges? and after he saw what it was doing, why did he continue fucking selling on exchanges?
Andrew Fisher
I calculated that if he programed a bot to sell 2btc every 5 minutes he would have sold the same amount of coins by now and probably not crashed the market.
Luis Jackson
there has to have been money made off this shit. this sleazy piece of shit and all his friends probably shorted the shit out of the market.
Liam Barnes
>thinks hes something special
gookywooky
thanks for the dip
Nolan Jenkins
almost certainly
Hudson Martin
On the top of his head, sure.
Nathan Gutierrez
You do know that 1% of BTC holders have the majority of the circulating supply, yes? And that BCASH main guy has like 500k BTC right?
Nicholas Russell
The amount the trustee sold was enough to cover creditor fiat losses in full (btc converted to fair fiat value at time of loss: $438). This is in accordance with the MtGox bankruptcy proceedings, which is to sell all assets during bankruptcy, and is standard practice pretty much anywhere in the world.
No more btc will be sold.
The courts are determining what to do with the rest of the btc since there's an excess after creditors have been paid in full (according to fiat losses at time of bankruptcy). What's supposed to happen is remaining assets (in this case the btc/bcc) are supposed to be returned to shareholders, but there's a large movement by creditors to go through civil rehabilitation in order for the remaining assets to be returned to creditors instead.
What will likely end up happening is the btc/bcc are distributed to creditors. But even if that weren't the case, it would go to the shareholders. In both cases they would likely be returned as btc/bcc.
The next creditors meeting to decide what will happen is 6 months away.
Wyatt Thomas
But then how would you make it all back by shorting?
Jace Russell
Do you have some source on that?
Jacob Rodriguez
Sauce? If this is true, and I am not saying it isn't, right now might be a very good time to buy back in.
Cameron Adams
You better provide the source fast so I can buy.
Liam Davis
All the articles says that Kobayashi will consult with the court before selling any other coin. I can't find anything saying the next meeting is in 6 months though
BK is not an obscure proces, it's well defined and pretty transparent. As a trustee, he has to make reports on a regular basis. That pdf is on Mt. Gox because he's in control of the domain, as trustee.
Jace Roberts
I've been following the case for a while, but you can find a lot of info about it here: reddit.com/r/mtgoxinsolvency/
Robert Gray
I found it on Reddit, they found that the next meeting is scheduled in the courts for September.
Say what you will about Reddit, but they do more googling then the retards here.
Thomas Cruz
I'm going all in.
Kayden Robinson
anyone has the bitcoin address of the trustee?
Asher Bailey
They're the Mt. Gox wallets. They've been posted on here a couple times. Can't be bothered to look for them.
Kayden Sanchez
will the next creditor meeting rly decide what will happen? It seems the court will, and they will communicate it during the creditor meeting. But as far as I understand they could dump it all before the meeting, like they did this time
Parker Foster
can... can gookm00t call him and tell him to cut it out?
Lucas Edwards
>Has 160k BTC >Can't cash out
Wow the meme is real
Benjamin Lee
Already regretting this.
Angel Long
They will probably sell it though.
I doubt they would let it be distributed to creditors as actual coins because there would be no way to get a fair market value.
Landon Peterson
Do you realize that the sole reason he sold them in the market and not OTC is because he wanted to crash the price, probably because he was betting on the future markets?
HOW STUPID ARE YOU user?
Gabriel Young
Most coins are like this, I'm guessing some people "know" but it doesn't really hit them until things like this happen.
Leo Baker
Maybe it's time for eth to do the flippening for real. The dao hard fork ended any old drama from resurfacing in the future.
bitcoin futures are cash settled. In the futures market, there is not actual bitcoin transacted. this applies for CME futures, CBOE futures, and Bitmex margin futures trading
Colton Williams
Which has nothing to do with this. This is bankruptcy, not trading, you dumb fucking cunt.
DId you really think you had a point here?
Sebastian Evans
calm down, I was just pointing out the fact that the guy didn't necessarily have to hold BTC in order to trade futures, which makes the possibility of him being barred from owning BTC irrelevant, so him not being able to hold BTC isn't a valid argument that you can use to discredit the idea of insider trading. >boo hoo, he invalidated one of my points, I should call him a dumb fucking cunt
HOW DARE HE SELL COINS?!? NOBODY SHOULD EVER BE ALLOWED TO SELL COINS FOR FIAT
Xavier Moore
Not if you hodl, don't fucking sell, we are going up if the fucker stops shorting and dumping.
Ryder Williams
People would literally kill to know when the market will crash. I'm sure this guy was more than willing to risk some jail time to get the maddest gains ever. And why would you even consider him being barred from owning btc relevant? That'd be so stupid. If I were him I'd get someone I can trust like a relative then split the cash.
Aaron Gutierrez
i feel like this is all coordinated to let big money pick up cheap coins
Chase King
Sold at $9280. So far it seems I made the right call.
Anthony Thompson
Holy fucking shit. You are such a new fag that you don't know how to upload pictures? You link to fucking Reddit? Please fucking off your self