*DOES ANYONE CARE ABOUT THE MT GOX GHOST*?

So as everyone has heard by now the Mt Gox saga and crime is not yet over .When Mt Gox went down 200,000 Btc was held by the bankruptcy court and a trustee, Now in my opinion if they operated the right way from the begging according to the law they should of divided the 200k btc and given them to the claim holders of mt gox back then or soon after. In that case people could of choose to do what ever they wanted with their own coins. Now to be fair if this was the case the most likely scenario is people would of sold their btc right away or way before it reached the spikes it did in 2017 so most people if not all would of lost money in my opinion. But since the courts decided to play with someones assets that could of gained value or lost value with time it seems for the first time in history people will receive all of the money they invested back in 2014 or before. In fact the question seems to be weather people should get a return on their investment or should the btc be divided accordingly to the people with claims. As far as coins, people will still lose a large portion of their holding in mt gox but with the spike in btc as far as fiat dollar is concerned people will make about 4 times their money.(meaning if you had 500 dollars in bitcoin in 2014 now u will have 2k dollars etc.)

Everything tied to mt gox has been moving at a snails pace and tied up in the legal system. So when it came to light recently that the mt gox trustee decided and got approval to sell 35,841 btc and 34,008 bitcoin cash it peaked my intrest how transparent they would be and why. How did their selling affect the market because as stated in the report they unloaded this large of a stash onto the market via exchange. Now this is very unusual since normally governments sell seized assets at auction. We even have precedence from the now infamous silk road case, where the seized btc was sold at auction. I am unsure how i feel about this and will get to that later on .

Here is a chart showing the dates when the trustee transfered btc to an exchange.

Now as you can see the selling played a critical role in the market falling into a bearish trend. If he wasn't trying to drive the price down and was not trying to be smart and coordinate the best way to achieve this then he would of sold the most bitcoin possible at the height of the market. Instead it seems he sold little at the top knowing the market will go down since people will be more willing to take a profit, thinking a correction is happening. He then sold most about 18,000 at a bottom price in order to fight the bears seeing those lows as a good opportunity to buy. With that large a stash he sort of achieved his goal but only briefly and if u ask me i think btc and the market as a whole impressed me being able to recover pretty fast.

Now if i wanted to play devils advocate i would say no one talks about the fact the courts did hold such a large stash untouched for such a long period of time, allowing btc to grow much faster. Without a doubt releasing them back to customers around that time would of caused some selling. How much ? Who knows but with the market not doing to good at that time (2014 after mt gox hack) maybe it drives it even lower or maybe btc rises anyways.

Selling the btc on the open market is definitely not the approach i would of took. Especially having a trustee with his own motives doing it. But part of me does think well in order to pay people in fiat it has to be sold and why do it in a auction where that sell doesn't reflect itself on the ledger .

Ultimately my conclusion is PEOPLE DID NOT BUY FIAT, THEY BOUGHT BTC. THEY BOUGHT INTO THE FUTURE AND THEIR BELIEF INTO BTC AS A CURRENCY. THEREFORE PEOPLE SHOULD OF BEEN GIVEN THEIR SHARE OF THE 200K BTC RECOVERED AND SHOULD HAVE BEEN ABLE TO SUE FOR THEIR REMAINING COINS. SINCE THE COURTS HELD THEM THIS LONG AND HAS BEEN INVOLVED I THINK ITS FAIR THEY CHARGE A FEE AND DISTRIBUTE THE COINS ACCORDINGLY.

Unfortunately i don't see this happening and in the end i think the Japanese government will try to find a way to keep the btc or liquidate them for creditors and what ever else they make up. Where they went wrong was selling it off in secret causing people to believe btc was falling for no reason. As crazy as that sounds i bet there was people believing it was falling because its a scam or a bubble or w.e crap they heard. I THINK THE CRIME IN THIS MATTER IS THE FACT THEY SOLD IT IN SECRET AND HURT ANOTHER CURRENCY. THEY MANIPULATED A MARKET MOST LIKELY FOR THEIR OWN GREED AND THAT IN ITSELF SHOULD BE A CRIME.

COMMENT UP VOTE AND SHARE PLEASE. I HAVE MORE CONTENT COMING UP AND A COOL CONTEST I AM PUTTING TOGETHER AND BEEN WORKING REALLY HARD ON. THANX FOR YOUR TIME