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Great, now all the exchanges are going to have to launch investigations in to who took out massive shorts ahead of this dumping. A public auction really would have saved a lot of questions. Death, taxes.. and goxxing.

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Daniel Kelman

@danielkelman

· Feb 5, 2019

It was BitPoint who sold the MtGox BTC in 2018. And they dumped on the market, despite the trustee’s representations to the contrary. There should have been an auction. goxdox.com/2019/02/the-du

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Zac Mitton

@VoltzRoad

Feb 5, 2019

Woah. Could this have triggered the entire bear market?

Eric Wall

@ercwl

Feb 5, 2019

😢

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Eric Wall

@ercwl

· Mar 7, 2018

So let me get this straight. 1. I lose my BTC at MtGox in 2014 2. Slowly trade my way back from nothing, staring at the charts every day for 4 years 3. Finally reach back to where I was 4. Long on BitMEX 5. MtGox trustee wrecks my long by dumping my own goddamn coins on me?! twitter.com/matt_odell/sta

brutal :(

If any of you guys think selling 2-6k blocks of btc here and there triggered a bear market I have a bridge to sell you in Brooklyn

Sir Lam₿o M

@SirLamboMoon

Feb 6, 2019

It doesn't help if it's done hastily at vulnerable times. Especially when/if privelaged parties who could have added fuel to flame (shorting) Trustee should have been distributing at tops, like 8k-9.9k Either incompetent or malicious = negligence..... If all true

Rick

@ricksawtime

Feb 6, 2019

but we know the exact days and amounts of the blocks being sold. there's no secret here. the market can easily absorb those small blocks at different intervals over many many months. the Trustee isnt a trading firm. they needed to sell some assets to raise cash. pretty simple

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This looks like someone just called their broker and said "dump it, I don't care". An auction would have drawn in more hodler liquidity and minimized slippage. The process was not transparent and there was too much room for front running and self-dealing. Why not auction?

3:39 AM · Feb 6, 2019Twitter Web Client

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and

Exactly my thoughts, could be wrong, but could be right

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I can tell you why. because the Trustee is a law firm and not a trading entity. they do not know whats the best way to sell financials, nor do they know the tops or bottoms or know how to time the market. an auction costs a lot of extra time and extra money in fees. pointless

Jesse Powell

@jespow

Feb 6, 2019

Which is why they should have relied on their expert appointed official advisor on these matters instead of doing the exact opposite. An auction is cheaper, doesn’t take much time, eliminates impropriety. US authorities have done many very successfully.

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