Why has the market fallen dramatically in the last few days? (main reason)

in #cryptocurrency7 years ago

                                                        


In 2010, a trading platform for Bitcoin coins was established under the name of Mt. Gox was based in Tokyo Japan

The platform has been able to spread rapidly in the digital currency market and has acquired more than 70% of the world's Bitcoin conversions and has reached the world's largest platform

In February 2014, the platform surprised the entire world by declaring bankruptcy and closed its platform in addition to its website. In April 2014,

Mt. Company Gox announced that nearly 850,000 of its customers' Bitcoin coins had disappeared and were probably stolen from the podium and valued at more than $ 450 million

In April 2015, new evidence was presented about the way WizSec, a large security company in Tokyo, has demonstrated evidence of direct thefts from the clients' portfolios at the end of 2011

Accordingly, all the assets and properties of the platform were placed under trusteeship. In 2016, investors who lost their money were recognized in the platform

Why do I tell the story? Why do you need to know her?

On March 7, Nobuaki Kobayashi decided to sell 35,841 bitcoin, equivalent to 362 million dollars, as well as selling 34,008 cash cash equivalents worth 45 million dollars

Reports indicate that the sale was made on the Kraken platform

Surprisingly, the sale took place on December 18 (the beginning of the bitcoin landing) on ??Feb. 5 (level 6,000) and sold as much as 40 thousand bitcoin

Is the subject finished? Do not forget the second quantities for sale?

So far, he has about 165,000 bitcoin and 165,000 bitcoin cash

There is ambiguity about the remaining quantities so far whether they are sold soon or wait until the market rises and then the sale

In my personal belief that the previous amount was the first installment of the satisfaction of those affected by the loss and therefore it pays us because it is possible to patience on the second batch until the rise of the market

So far the next support level is 8,825

Which is the average support level

Please see attached images

Figure 1 (Stocks set by the dates of currency conversion from the Gox portfolio and sold immediately after conversion)

                                                              

Picture 2 Confirmation of Image 1

                                                            

Figure 3 shows the current transfers by dates and quantities

                                                               

Figure 4 is part of the report which refers to what is sold

                                                                

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