{"id":133295,"date":"2024-07-17T08:00:19","date_gmt":"2024-07-17T05:00:19","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133295"},"modified":"2024-07-16T18:46:18","modified_gmt":"2024-07-16T15:46:18","slug":"mt-gox-customers-expected-to-sell-bitcoin-cash-holdings-after-refund","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/mt-gox-customers-expected-to-sell-bitcoin-cash-holdings-after-refund\/","title":{"rendered":"Mt.Gox Customers Expected to Sell Bitcoin Cash Holdings After Refund"},"content":{"rendered":"<p>Mow speculated on social media platform X that only a small fraction of the <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> and<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin-cash\/\"> Bitcoin Cash<\/a><\/strong> distributed by Mt.Gox will likely enter the market for immediate sale. He believes most recipients will opt to store their assets in cold wallets or use them as collateral.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">HODLing <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> for 10 years, watching the Blocksize Wars and Ver\u2019s antics, who wouldn\u2019t sell their BCH from Gox immediately?<\/p>\n<p>No one. <a href=\"https:\/\/t.co\/WI3C1oofI1\">https:\/\/t.co\/WI3C1oofI1<\/a><\/p>\n<p>\u2014 Samson Mow (@Excellion) <a href=\"https:\/\/twitter.com\/Excellion\/status\/1813187606110478669?ref_src=twsrc%5Etfw\">July 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The defunct exchange Mt.Gox has confirmed the distribution of both Bitcoin and Bitcoin Cash to its affected customers, paving the way for potential market activity.<\/p>\n<p>In response to Mow&#8217;s speculations, one user on X shared their plan to convert BCH to BTC shortly after receiving the distribution, citing insights gleaned from GitHub. They expect other Mt.Gox beneficiaries to follow suit.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/will-the-meme-coin-market-explode-like-it-did-in-2021\/\" title=\"Will the Meme Coin Market Explode Like it Did in 2021?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-bulls-1-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Will the Meme Coin Market Explode Like it Did in 2021?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Mow emphasized that many of these customers have endured a lengthy wait, up to ten years, to reclaim assets lost during Mt.Gox&#8217;s 2014 security breach. He suggested that familiarity with past controversies in the crypto community could prompt quick sales of BCH holdings.<\/p>\n<p>Meanwhile, recent blockchain activities linked to Mt.Gox wallets have shown significant movements, including transfers totaling 93,168 BTC to new addresses. Kraken has confirmed receiving assets from Mt.Gox as part of the ongoing reimbursement process, marking a pivotal step forward in the long-awaited refunds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CEO of Jan3 and well-known Bitcoin advocate, Samson Mow, suggests that recipients of Bitcoin Cash (BCH) from the Mt.Gox refund process might swiftly sell off their holdings.<\/p>\n","protected":false},"author":3,"featured_media":58726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-133295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mt.Gox Customers Expected to Sell Bitcoin Cash Holdings After Refund<\/title>\n<meta name=\"description\" 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