MtGox in Mentougou was once the world's largest Bitcoin exchange.
Due to the theft by hackers, it lost 850,000 BTC and recovered about 200,000.
It filed for bankruptcy in February 2014 and then entered bankruptcy compensation.
Due to the efficiency of Japan, it has been delayed for 10 years. Creditors have passively and helplessly increased their prices by hundreds of times. There are news that Mentougou will pay compensation almost every year, but in the end it is the result of the wolf coming.
What is different this time is that
1) At the beginning of this year, creditors received compensation documents and were required to fill in the payment address.
2) The on-chain wallet was transferred for the first time in 18 years and was collected to one address.
Therefore, the probability of real compensation this time is greater than before. And the compensation is directly for BTC and BCH. In the long run, compensation now is definitely a good thing, and the biggest mine in the currency circle has been cleared. In the short term, we need to consider the impact on the market if this 20wbtc is directly compensated.
1) It is certain that it will cause panic and fall in the market. The returns of these BTCs are more than 100 times, and the total amount is so large that if some of the chips are sold, the market will be smashed. At the same time, the overall market confidence is not very sufficient, so it will also cause panic among other people. 2) However, not all 20w will be sold. It may even be only a small part. In the past 10 years, there have been non-performing asset funds purchasing bonds in Mentougou. In other words, most BTCs may have changed hands. In addition, now is the rising period of the bull market, and some people will choose to hold. In addition, many people use grayscale for comparison and think that it will not affect the market. I do not agree. If the wallet does not move, everything will be fine. If compensation is made, the market will definitely react. Therefore, pay close attention to the wallets in Mentougou. If compensation starts, it will definitely cause panic in the market in a short period of time. However, panic often lasts for a period of time. The real situation is that the selling pressure is not as great as imagined, so it will be a good opportunity to buy the bottom in advance.
