The bitcoin community is angry at the discharging of the Japanese shark

In 2010, Mt Gox was born and was one of the first in the world. Mt Gox has grown rapidly and has reached the world's greatest throne. Bu...

In 2010, Mt Gox was born and was one of the first in the world. Mt Gox has grown rapidly and has reached the world's greatest throne. But in 2014, $ 450 million stolen money made Mt Gox forced to file bankruptcy.
Nobuaki Kobayashi, trustee and lawyer representing the bankruptcy of Mt. Gox in court - revealed that he had sold $ 400 million worth of bitcoin and bitcoin cash since September last year. Kobayashi currently manages another $ 1.9 billion in proceeds and will consider selling them to raise cash to pay creditors for Mt. Gox.
On Twitter, bitcoin investor Alistair Milne pointed out that more than half of the bitcoins that Kobayahsi sold were shipped to a trading site on February 5 - one day before the bitcoin fell to only $ 6,000, the lowest three months. .
Another investor, Matt Odell, made similar comments.

However, many investors are angry because a large amount of bitcoin has been sold in the moment when bitcoin is subjected to a lot of pressure. After setting a peak at over $ 20,000 in December last year, mid-January prices have penetrated the $ 10,000 bottom and since then have not been able to recover.
On Reddit's social networking site, there is a topic linking an article that accuses people like Kobayashi of attempting to "bitcoin". The most popular comment is, "It's best to compensate investors with bitcoin and let them decide what to do."
The next law says: "It is clear that each sale causes the price to fall."
"Why does he (Kobayashi) not auction the bitcoin as the other assets usually sold when a company goes bankrupt? If you sell in the spot market, only fools believe that prices do not fall. "
"Is there any way to ask him next time to sell on the OTC market or make an auction as the FBI did with 144,336 bits of silicon obtained from Silk Road?"
All of the above comments suggest that traders are worried that large amounts of bitcoin will be sold that will negatively affect the price of the currency. Kobayashi still holds a bitcoin worth $ 1.9 billion and will continue to sell.
After paying off all of Mt Gox's creditors, the excess will go to Mark Karpeles, the founder of Mt Gox. The abnormality in the bankruptcy law of Japan has caused many in the bitcoin community to get angry because it is clear that Karpeles - who was recently freed after facing charges of embezzlement - should not take advantage. Mt Gox collapsed for profit.

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High Tech Brain: The bitcoin community is angry at the discharging of the Japanese shark
The bitcoin community is angry at the discharging of the Japanese shark
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