Mt Gox caused one of the greatest bear markets bitcoin has known when it went bust and crashed the price in a few months from $1200 to $170.
Mt Gox Trustees still have thousands of bitcoins and will be selling them during 2018 so we will see the normal bitcoin "crash" a few times ("crashed 7 times in 2017") during 2018 but no need to worry in 2018 it will probably end on $28,000+ as mass adoption of bitcoin continues, Australia bitcoin ATM's , South Korea bitcoin ATM's installed all over the place.
Bitcoin wallets on mobile phones are now becoming more common as cryptocurreency meet-ups, group coaching, facebook groups and sales of Ibiza and USA housing takes off.
Whats happening in your country?
Any houses bought and sold with bitcoin?
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Nick
Certified Bitcoin Professional
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The mount gox had to pay off a debt of about 400million$ in bitcoin which they now have completely paid of with their sell of so hopefully they are done selling now
Thanks for reply. Here is update.
"Mt. Gox Sell-off
Tokyo-based cryptocurrency exchange Mt. Gox was formed in 2010, and just four years later was responsible for over 70% of all Bitcoin transactions worldwide. Unfortunately, in 2014 the exchange closed down and filed for bankruptcy following the theft of approximately 850,000 Bitcoin.
This has attracted a lot of attention, but there may be some good news: the next court proceeding for the Mt. Gox bankruptcy isn’t scheduled until September 18th, 2018. It is likely, then, that before that date Kobayashi won’t be able to dump the remaining 166,000 Bitcoin onto the open market."
source:https://www.newsbtc.com/2018/03/11/bitcoin-price-will-likely-surge-as-mt-gox-sell-off-paused-until-september/
This past week it was revealed that the trustee for the Mt. Gox bankruptcy case had been selling bitcoin and bitcoin cash holdings to raise funds for defrauded investors.
The amount sold thus far was said to be roughly 40,000 bitcoins, which was worth just over $400 million. ($405 million to be exact)
source ; https://steemit.com/bitcoin/@jrcornel/could-the-mt-gox-related-selling-be-mostly-over#@murkie/re-jrcornel-could-the-mt-gox-related-selling-be-mostly-over-20180311t194232660z
Thanks for reply
Thanks