I'm amazed to see how easily people are influenced in this market. At every buzz on the news they start throwing coins at cheap prices. I don't know how long will the prices stay on this lane, but once they will go up consistently again it is these people who will buy BTC at $20,000-30,000 and dumping it at $10,000 being scared of some other news. It's really a tricky circle and looks like the market hosts alot of weak hands.
People that can't really see the future in blockchain and cryptocurrencies and get stumble at every whistle. 
I'm still holding the coins for months and I am pretty new in the crypto world. I have to admit I don't like selling at loss. 

It's time to make your cryptolive more comfortable! 
Start use cryptofications.com - and receive notifications about difference in crypto status on the desktop.

Unfortunately this guy is free to do what he wishes, as we all are.   

This shows how ill prepared the market and ecosystem is for the growth of the past year.   Rich people move and manipulate their money all the time, but we are on a public ledger and our money is also an investment/asset class.  You and I can't legally and publicly access the bank accounts of billionares and follow it, but in bitcoin you can.   Think of what would happen in traditional markets if you could follow the market makers accounts like this.   I'm a big fan of a public and immutable ledger, we just are seeing right now how it can be used for manipulation in this infancy. 
  Big money man moves his digital money = everyone gets spooked.   Realize the pattern = profit off of it, just as the rich and powerful have always done.

At the same time its very frustrating, especially given the player is tied to Mt. Gox of all parties.  How much damage could one shitty exchange do to this space, we still await the final answer.

The only thing that makes any sense here is that the Mt. Gox trustee is working with some of the central banks and governemnts around the world to suppress the crypto-markets, on purpose. Manipulation is always so some "big money" interests can take a bigger share in some asset or take a massive profit, or both.

Doing an OTC sell of this much BitCoin is the only way to go. This trustee's strategy seems to be deliberately losing them money - and I can't imagine they are THAT stupid, or that they aren't doing it with a specific purpose in mind.

And, it's total Bull$#!t what this is doing to the markets.

It honestly pisses me the F off!

These are assets that where seized by governments and where suppose to be handled outside of markets. Instead they are doing the complete opposite. This sucks because governments keep seizing more and more crypto and manipulating everything.

Oh well, tipuvote! 4
Do you think that we're gonna be in a bear market for the incoming months?

How do you keep the cost down on the curation? I have had posts where I make $100 and I pay out $24 in curation.

Congratulation crypto2crypto! Your post has appeared on the hot page after 152min with 52 votes.

I just wish I could get back even a fraction of the BTC MtGox robbed me of when they shut down... :(

I rather have the trustee sell bitcoin now because we can stock up more. I rather not have him sell during a bull run it will cause a price dip and could discourage new people to buy during the bull run.

<center>
* [Bitcoin, Ethereum, Zcash, Cloud Mining HashFlare](https://hashflare.io/r/56BFA7D6)
* [Changelly - Exchange Cryptocurrencies at the Best Rates](https://changelly.com/?ref_id=d2f132d8b333)
* [Get yourself 25% off on all Bitcoin debit cards](https://cryptopay.me/join/71edfb48)
* [Best Genesis Cloud Mining | Bitcoin, Litecoin, Dash, Ether, Zcash, Monero, Augur, Ether Classic, Bitcoin Cash, Bitcoin Gold, Electroneum, CureCoin, Namecoin.](https://www.genesis-mining.com/a/1669796)
https://a.radikal.ru/a15/1805/a9/a5145c9fa1c4.jpg</center>

Sadly our immature market is really susceptible for manipulations.But all we need is time.Future is ours anyway📈

Damn, he still got a lot left. This thing can go on for years!

It is a strange! One rimple in this case can cause a complete tsunami!
That indicates to me that the market is not mature! In a mature market is would only have a small impact! So I guess that we have to prepare ourselves for a new bargain market!
I try to look at it from a positive side!
Probably interaction here will also have a decrease, which means that I become easier to get noticed! If one continues to post!

Markets will be spooked by something. If not this, there will be something else. He has a job to do (ie liquidate assets) and that’s what he is doing. I assume he doesn’t want to drop the price (as he will get less for the coins he is dumping) but equally, he doesn’t want to drop fees into the market over many years! 
This will come to an end and we can all move onto the next crisis!

I think there is going to be a large amount of institutional money coming into the crypto space as the regulatory situation becomes more clear.  I would like to a big institution like Goldman Sachs or some other bank or hedge fund approach the Mt. Gox trustee about negotiating the sale of a huge amount of bitcoin in a private exchange.  The institution would get a discount off market price for buying a huge chunk of bitcoin, the trustee would get to unload a huge quantity of bitcoin in one fell swoop, and the overhang that is clouding the market would go away.  That would be a win-win-win.

MT Gox just want profit. I don't think they deserve to be trusted the second time unless they show real sincerity.

This is a effing disaster. The market is in precarious situation and these douches are acting like children playing around with a fire arm. Although today's sell of can also be attributed to the Upbit exchange raid but still.....

HI

I'm just looking to establish a position in the Steemit community, and would appreciate to find some people like me, so we can mutually support one another. subscribe @khaled4444

And other thing is that when ppl saw  move on Mt. Gox cold wallets started to panic and sell everything off :/ That shit shouldn't happen. Imo Mt. Gox should have mandated to inform publicly some time before sell off

I agree, they can sell these bitcoins privately.

>>Here we have this madness, it just so happens before this current dump MT gox account moved 8,214 coins. 

That’s really frustrating it that’s the case. I also heard that recent selloff is due to Korea fraud, it’s not official yet, but in Korea they were dumping like crazy. It’s all just a noise in my opinion. Obviously whatever happens, bitcoin took everything else with it down. We should see, I see cup & handle formation if we bounce soon.

The Tokyo whale has said that he sells with the aid of an exchange but in a way that shouldn't affect the market price. So some form of OTC or private sale brokered by the exchange? I guess if there's someone who wants to buy substantial amounts without moving the price up they could tie up.

Unfortunately even moving the money out of the GOX wallets now will be enough to trigger a market fall, particularly in a jittery bear market.

Well, i heard this is one of the major problems with people who hold so much coins from years back, anyone can actually do this to any currenecy and there is  literally nothing stopping it, but it doesnt mean you cant also make a profit out of it, buy low sell high, right? but scary note is, can mt gox and will mt gox sell all the remaining in 1 swoop. that can probably crash bitcoin... but these are just my thoughts. i could be wrong.

That's time to buy more BTC because it down more and more. Not the time to sell. I am also looking to buy steemit DOllar

You got a 16.18% upvote from @postpromoter courtesy of @crypto2crypto!

Want to promote your posts too? Check out the [Steem Bot Tracker website](https://steembottracker.com) for more info. If you would like to support the development of @postpromoter and the bot tracker please [vote for @yabapmatt for witness!](https://v2.steemconnect.com/sign/account-witness-vote?witness=yabapmatt&approve=1)

I think the trustee thing is a dumb boogie man argument.
Even if it is true and trustees are market dumping via an exchange, they’re allowed to do that lol, its their bitcoin. 
Welcome to the market

This is not the ethical way of doing businesses. People lose trust due to these activities.

So they original mtgox hack caused a 2 year bear market now it looks like the sell off is going to do the same thing.

Here's a thought to repair the damage they're doing to the market they should do a coin burn on some of those extra bitcoins they will have left over once they have paid everyone out.