THELOGICALINDIAN - The Mt Gox trustee who awash over 400 actor in Bitcoin BTC and Bitcoin Cash BCH from December to February had denied affecting the bazaar prices of both cryptocurrencies
According to a transcript of a Q&A affair from the 10th Mt. Gox creditors’ meeting, the asleep exchange’s trustee Nobuaki Kobayashi had denied affecting the bazaar amount of Bitcoin (BTC) and Bitcoin Cash (BCH) with his high-profile and high-volume sales.
In fact, Kobayashi says actual little in commendations to the capacity of his sales. However, he does announce that he awash both cryptocurrencies through agency alfresco of exchanges. Says the trustee:
Though Kobayashi carefully refrains from accouterment specific details, one ability accept he awash the ample amounts of Bitcoin and Bitcoin Cash “OTC,” or Over The Counter — acceptation he conducted clandestine sales off of exchanges. Theoretically, such sales would anticipate affecting swings in both cryptocurrencies valuation.
The botheration is, ample amounts of Bitcoin were aback and badly awash on exchanges at assorted credibility throughout the aeon in catechism — including before, during, and afterwards letters alike anecdotic the ample amounts of BTC and BCC actuality awash by Kobayashi.
One ability alike be tempted to adapt Kobayashi’s latest statements as simple legalese for: “Don’t accusation me.” After all, it’s able-bodied aural the branch of achievability that the trustee conducted clandestine sales to institutional investors, who themselves angry appropriate about and dumped their anew acquired accrue on exchanges — possibly for abundant profit. However, after added details, this charcoal bottomless speculation.
Note: In the transcript, Bitcoin Cash (BCH or BCASH) is acclaimed as BCC.
Do you anticipate the Mt. Gox trustee’s auction of almost $400 actor account of Bitcoin and Bitcoin Cash had any aftereffect on either cryptocurrency’s bazaar price? Let us apperceive in the comments below!
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