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Here is why Mt. Gox releasing 140k BTC into the markets won't change shit:

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by COINS NEWS 141 Views

There has been a lot of talk of Mt. Gox releasing 140k Bitcoin, all at once, tomorrow. Not only is this very questionable as a fellow real-life creditor has posted on this sub. But also it won't change shit in the markets of they actually get released. Of course 140k BTC just sounds a lot but let's put them into contrast:

Firstly anyone who holded BTC back then has now made a 40,000% gain, so obviously they would sell? Well let's somehow think everyone will sell. That's 143k BTC sold in a day, and about 1/20th of the total Bitcoin trading volume. That's not a lot especially as not everyone will sell, not everyone will get it. Yes, apperantly some are eligible to get it back because they could not log in back, now they have to go to Tokyo to lay down their case.

So yeah, even if they all get released at once, and they all users get them and they all sell them It won't change much at the trading volume.

submitted by /u/partymsl
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