Mt.Gox repayment, any positive impact for BTC fans in general?

[JISAN]

Mt.Gox distributions have become used to psychologically influence retail sellers to reduce the price, and when these distributions take place in reality (which will not happen soon), their impact on the price will be limited, just as happened with Ethereum and the ETF, or any ALTCOIN with the ETF.

The amount of Bitcoin that MtGox will return to users is less than that bought by BlackRock only since January of this year. It should not affect the market more significantly. At least not in the long term. I also think that the current drop in value is caused because current holders are selling Bitcoin waiting for MtGox claimers to come to the market and make a probable dump by mass selling. Just a possible scenario.

MtGox has become the center of speculations of what can happen in the market once claimants will all get their fair share of Bitcoin...but once this will happen I think there will not anymore be a major impact. In the first place, not all of them will be selling their BTC knowing the last ATH already reached by the said asset. Eventually, the market will move on and then we will learn of new developments that can push or pull Bitcoin. This is just normal with Bitcoin...the ups and downs...and I think only newbies are going to be scared to where it is going because old hodlers are just smiling and sitting pretty all because they are trusting Bitcoin more than any other investment vehicles available to soon give them the best ROI possible.

The issue of Mt Gox payment has created instability in the market because now the price of Bitcoin has started to decrease due to the large amount of Bitcoins appearing in the market. But since Mt Gox will pay after another 3 months we probably won't see bitcoin pump this year but more dump but this is a big opportunity for us to invest in bitcoin because bitcoin already crossed $72k at that time investing in bitcoin is very expensive. It was but the price of Bitcoin has come down a lot and if it dumps some more amount then it will come in our verse. So we can say it is a very big advantage for us.

[Kemarit]

Mt.Gox distributions have become used to psychologically influence retail sellers to reduce the price, and when these distributions take place in reality (which will not happen soon), their impact on the price will be limited, just as happened with Ethereum and the ETF, or any ALTCOIN with the ETF.

The amount of Bitcoin that MtGox will return to users is less than that bought by BlackRock only since January of this year. It should not affect the market more significantly. At least not in the long term. I also think that the current drop in value is caused because current holders are selling Bitcoin waiting for MtGox claimers to come to the market and make a probable dump by mass selling. Just a possible scenario.

MtGox has become the center of speculations of what can happen in the market once claimants will all get their fair share of Bitcoin...but once this will happen I think there will not anymore be a major impact. In the first place, not all of them will be selling their BTC knowing the last ATH already reached by the said asset. Eventually, the market will move on and then we will learn of new developments that can push or pull Bitcoin. This is just normal with Bitcoin...the ups and downs...and I think only newbies are going to be scared to where it is going because old hodlers are just smiling and sitting pretty all because they are trusting Bitcoin more than any other investment vehicles available to soon give them the best ROI possible.

The issue of Mt Gox payment has created instability in the market because now the price of Bitcoin has started to decrease due to the large amount of Bitcoins appearing in the market. But since Mt Gox will pay after another 3 months we probably won't see bitcoin pump this year but more dump but this is a big opportunity for us to invest in bitcoin because bitcoin already crossed $72k at that time investing in bitcoin is very expensive. It was but the price of Bitcoin has come down a lot and if it dumps some more amount then it will come in our verse. So we can say it is a very big advantage for us.

At least we can exercise and rest the issues of Mt. Gox already as it is being reported that the repayment will be this month. Although as we can see the market decline to as low as $54,000 but quickly bounce and now we are in the level of $58,000. So we shouldn't be panicking at this point, as again, we have settled down already and maybe this is going to be the start of the recovery and in the 3rd or 4th week of this July, we will go over the Mt. Gox and we are on the way to $60,000 and then higher. And as you have said, another perfect opportunity to accumulate and then look at the long term of it, 2025 could be the biggest bull run and we might see 6 digits to take this chance to buy and the HODL.

[dwyane36]

At least we can exercise and rest the issues of Mt. Gox already as it is being reported that the repayment will be this month. Although as we can see the market decline to as low as $54,000 but quickly bounce and now we are in the level of $58,000. So we shouldn't be panicking at this point, as again, we have settled down already and maybe this is going to be the start of the recovery and in the 3rd or 4th week of this July, we will go over the Mt. Gox and we are on the way to $60,000 and then higher. And as you have said, another perfect opportunity to accumulate and then look at the long term of it, 2025 could be the biggest bull run and we might see 6 digits to take this chance to buy and the HODL.

As far as I know, only 47k BTCs have been distributed, while another 94k BTCs have not been distributed yet. So, the negative impact of the news about mtgox isn't over yet, and I think that the BTC price, as well as the whole market, can fall even lower. Moreover, the market is negatively impacted by the German authorities, who have been selling off their BTC reserves lately.

[BlockHazard]

As far as I know, only 47k BTCs have been distributed, while another 94k BTCs have not been distributed yet.

94K Bitcoin - at least the distribution MT did. Gox still has a chance to become FUD news on Bitcoin in the future. My question now is, if all BTC has been distributed, will Bitcoin be able to rise fast and unstoppable? However, if you remember that countries that have Bitcoin also have the potential to become FUD if they sell on a large scale like what Germany did last week.

Of course, the distribution carried out has a negative impact on prices, especially if it is followed by large-scale selling.

[dwyane36]

94K Bitcoin - at least the distribution MT did. Gox still has a chance to become FUD news on Bitcoin in the future. My question now is, if all BTC has been distributed, will Bitcoin be able to rise fast and unstoppable? However, if you remember that countries that have Bitcoin also have the potential to become FUD if they sell on a large scale like what Germany did last week.

Of course, the distribution carried out has a negative impact on prices, especially if it is followed by large-scale selling.

I'm more inclined to believe that the BTC price may continue to fall even after Mt. Gox completes the distribution. There is an assumption that many of those who get paid out will decide to take profits, thus putting pressure on the BTC price.
As for the German government, they will continue to sell confiscated BTCs. They still have 15k BTCs left, which they will sell shortly as well.