When in cryptomarket anybody heard the name "Mt. Gox" they might convert their cryptocurrency in to USDT or sell it all. Because till now the Big whale Named "Mt. Gox" manipulat the market like hell ( It's like "Beta Cryptocurrency me invest kiya huaa paisa nikal de nai to Mt.Gox aa jayega" just for the who don't know Hindi, it's famous Bollywood film "Sholay" in which villain was too dangerous that Mothers of that village tells to their children that "Son, please sleep otherwise Gabbar(villain) will come").
But I think no need to fear anymore because just few min ago news spread that "MtGox confirms no further plans for now of selling more BTC or BCH". So after reading this you may think that this is the fake news, why Mt.Gox would do this. He was bankrupt and by doing market manipulation he was trying to recover from it.
But Mt. Gox Case Moved to Civil Rehabilitation, Creditors May Be Paid in Crypto. The Tokyo District Court has published a document which rules that creditors involved in the Mt. Gox hack in 2014, that saw a loss of $472 Million will be reimbursed in cryptocurrency.
See the full report by your self here
https://www.mtgox.com/img/pdf/20180622_announcement_en.pdf
Creditors are now eligible for a refund in cryptocurrency and will be required to register a claim before October 22nd, 2018. The document does suggest that formal proceedings will not begin until February 2019. Until then, Mt. Gox will no longer be able to engage in mass sell offs, such sell offs have recently been blamed on causing the markets to crash recently.
Now in the market the news is spreading and market is going down and down. I am not market expert, but this news looks good to me the why market is reacting like this.
So what's your thoughts ? Why market is going down at the moment ? Is it because of the Mt Gox news or not ?
As I said I am not expert and I know here on steemit there are many experts. Please if anyone reads this please comment your suggestions as well. Also please write or view on my article too.
Whatever happens, I never loose my faith in Blockchain and Cryptocurrency :)
Happy trading guys.
awesome article my man, hope to see you comment and upvote me too :) thanks
Sure my friend. Thank you for your kind comments.
Good news for traders, hope market will recover soon.
Hope for the good my friend.Keep CALM & believe in crypto.
There are lot of FUDs going around , future is bitcoin so believe and act
Yes I believe it too. I believe in "Keep CALM & HODL"
Ohhhh no oo
No need to worry about friend.
No need to worry about friend.
This is good news for crypto market hope market will recover soon.
This is good news for
Crypto market hope market
Will recover soon.
- zehra42
I'm a bot. I detect haiku.
Hope for good my friend :)
We have to be calm and cool in this situation. Market will recover very soon.
Yes "Keep Calm and Trust on Cryptocurrency".
As like you, am not expert. But I know that crypto is future.
Yes my friend for sure.
I am done..friend
Thanks
Good information :)
Thank you for your kind comments my friend.
MT gox always creates a fear in the market. But if we look at it mathematically there is nothing to worry even if they keep selling
Just keep patience market will b on right track very soon
Yes, "Keep CALM and HODL until it moon" :)
bitcoin price will moon soon.!!!
Hope for the best my friend.
Mtgox really stuck bitcoin price on 6k level.
but good thing is all bad things happening together so if crypto world sustqin these things thwn it will boom .
these things make our world stronger and stronger
Agree with your thoughts my friend.
in this crypto market no one can predict the future.There r so many manuplaters who are operating the market as they want.moreover there r so many other bad news around the world ,which effect the crypto market
Ya there is but hopefully no more. I think there will be more good news as from everywhere we are getting news that they just have started to accepting cryptocurrency.
Certainly a relief for all of us that he cannot sell his coin now
Ya great relief.
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I am newbie here to my friend. Learning things from others, I am here always here if you need support.
Thanks for sharing this. Loving your content.
Keep sharing. Big up.
Thank you for your nice comments. It's always boost up newbie like me to write more. Keep commenting so I can know how I am doing.
This is very positive news for us as Mtgox will not able to sell any more bitcoin or bitcoin cash. So no chance for Mtgox to manipulate the market now
Yes indeed
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This is excellent news. Large sell offs can really move the market.
@eturnerx Yes it's good news my friend. Atleast one person minus from the manipulation.
Congratulations @flash07!
Your post was mentioned in the Steemit Hit Parade for newcomers in the following category:
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Thank you. Will surely going to vote you for witness.
Awesome info, thanks, please upvote and support me as well
@aashucryptocharm Thank you for your kind comments my friend.
You are most welcome buddy
Do you real increase bitcoin in future ?
@bhaveshsavani Hope for the good my friend.