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I had estimated that a maximum of 30% to 50% of Mt. Gox creditors would sell their Bitcoin. According to a survey, it's actually 56%, which isn't too far off.

Breakdown of Immediate Selling Intentions

  • Selling 1-25%: 68 creditors (14.6%)

  • Selling 25-50%: 26 creditors (5.6%)

  • Selling 50-75%: 14 creditors (3.0%)

  • Selling 75-99%: 11 creditors (2.4%)

  • Selling 100%: 88 creditors (18.8%)

Based on my math, this means no more than 25,389 BTC will hit the market from Mt Gox selling. That is about 26% of the entire bag.

That is what Blackrock buy in about 10 trading days at this rate.

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Comments

Jem

Are there actually any MtGox creditors on here? I am.

JeSter

Getting ready to convert some more melting fiat

Luis FM

the anticipation of creditors dumping matters more than what they actually do. any pullback regardless of how small will be attributed to mt. gox, wether it is or not and will trigger shorting.

J - man

It’s that many tokens over how much time is that being immediately dumped or isn’t that over two years?

J - man

I have some bills to pay and I’m over overextended I mean over invested. I’ve been waiting for a recovery just to take a little off, but it feels like it’s gonna pump more but I do this every time with greed and I find myself back in the hole, who thinks we’re gonna run up until the bitcoin conference maybe to get Solana to 200?? I need a couple thousand so I was thinking right now it’s like only 11 Sol…it’s it’s worth it. I think my buying price is $24 and I need some $ it would help a lot. I’m so in love with my Sol letting go Scares me, but for once I’d like to do it on the way up, not the way down in a panic????🫣

Seeker

Taking profits is never bad. Personally, i DCA out as price goes up, and don't bother nailing absolute tops

Freedom

This is the first batch of coins that are being distributed over the course of 2 years I believe. I think there is like 140,000 total credited back. This is the first go around of like 93,000 or something. So a lot more to go. lol

Freedom

Look at the big picture, there are only 21,000,000! Unless you are using massive 30-50-100x leverage, don’t worry people. Lol. If big dips happen they are opportunities to add to your positions. 👍🏼

DoubleUDoubleU

Sooooo when BTC dips for the last time before we take off are we chomping on more MSTR or SOL?

Nordle

that fits with another dip but not too low and within the range before Aug to early sept to move up to break ATH

RocketBrew

I really need a solid dip before the rocket takes off. Just a little bit longer please universe.

wayfarer One

are they refunding you the original amount of BTC or the value in BTC at the time it went down. I have seen conflicting views. Obviously there will be costs for the recovery. ...just interested to know

Heinz-Ruediger

„According to a survey“ Is this a survey amongst Mt Gox creditors?