Mtgox buy litecoin right now
So, a theory emerged today that the bankruptcy trustee for the Mt. Gox settlement Nobuaki Kobayashi dumped a portion of their Bitcoin over the last few months, and that has caused the crash in price mtgox buy litecoin right now have seen lately.
The news of the sale was confirmed by Kobayashi in a meeting on Wednesday. However, I think a main issue that has been lost in all of this is how the exchanges themselves and their close partners used the knowledge of these transfers to dump Bitcoin themselves, and it was this dumping that caused the real sell off in the rest of the market, not just the Mt.
Gox bankruptcy settlement sales. They give these whales special treatment and most likely, special information that regular traders do not have access to. This is clearly insider trading. In fact, even in regulated markets this turns out to be such a problem that it was reported recently here in The Economist that the problem is so bad they described it as pervasive and widespread.
So people like this obviously had access to orders coming in, and transfers such as the one from the Mt. Now, just to be clear, I am not saying Zhao Dong or Bitfinex had anything to do with what happened, but the point is to illustrate how easy it is for insider information to be used by those close to the exchanges and given to whales and other VIP traders.
My thinking is that the exchanges that received the large transfers must have looked into where they were coming from and instantly mtgox buy litecoin right now they mtgox buy litecoin right now from the trustee looking to liquidate the holding in the Mt.
Gox settlement as required by a judge. Using this inside information that a dump was likely to happen soon, the exchanges themselves starting selling off positions as well as alerting their close friends and whales of the situation. It was this chain reaction sell off caused by the inside of knowledge of seeing the large transfer of BTC from the Mt. The reason I believe this to be true is that the sales alone from the Mt. Gox settlement should not have caused such a long and sustained drop.
No, instead, when the exchanges saw this large deposit being made, they knew where it was coming from and knew it was a dump, so they started selling as well. It was the combined efforts of both of this selling action that caused the market reaction. Gox Trustee had a chance to dump his mtgox buy litecoin right now. The news of that came out on December 20th, where he announced over the last few days he had sold all of his Litecoin.
The first transfer of the Mtgox buy litecoin right now. Gox Bitcoins was on December 18th, just days before he announced that he had sold. The timing of this leads to the question as to whether Charlie Lee was one of the insiders who knew about the Mt. Either way, as more information comes out, the sale by Charlie Lee keeps looking like one of the more perfectly timed trades in crypto history. Charlie Lee contacted me regarding the above paragraph and vehemently and categorically denied he had any previous insider info on the Mt.
Of course, this is all speculation at this point. And only an investigation by a government body would be able to prove or disprove it, so it will remain speculation.
But upon looking at how all this played out, it is the most likely scenario. And that is that insider information was shared among whales and large traders that the Mt.
Gox settlement of Bitcoins were about to be dumped on the mtgox buy litecoin right now, and using this information, they themselves sold off some of their holdings before the dump.
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