The users may likely sell their coins. Mt. Gox was hacked in 2014 and the price of bitcoin as at that time was significantly low. If bitcoin price after the hack was $37 and it plummeted 23%, that means the price before the hack was $45.51. If you compare that amount to the price of bitcoin today which is $26300, people will want to seel for profit. That is a huge profit. This can lead to a price drop but which might not be much.

Some holders, especially the short term holders and some traders will because of this sell some of their coins which will lead to more price fall. But what that will later happen is that some.people that are waiting for the price of bitcoin to fall, they will see it as an opportunity to buy. Some people that did not sell their coins may buy more, some people that DCA will see it as an opportunity to buy more and some holders and traders althat sell will buy. All these will result in the price of bitcoin to increase again.

I think they will further delay the refunding process. Like they did before. According to my information, the last deadline for selection purposes was Jan 10, then it changed to March 10 then it increased to July 31, and then after the trustee increased the selection process dates to 30 September 2023. And who knows if they still increase the dates after Sep 30. If they do increase the dates then we might not see the distribution of funds in October.

Besides all that, we all know that only rumors have put bad impact on the market, then imagine what would happen if the distribution really took place, the market would definitely go for a dump. And even many big analysis are also saying the same thing. Because people are so frustrated right now, and after getting the funds back they might try to book some profit. I don't know why the following analyst said that:
If the victims are to get funds back in the form of BTC then the value must be the same of course. This means the value in dollars will be increased till now.

Maybe that's why people are saying that victims will sell off their BTC after receiving them. But I think those who are Ok (mostly people will be OK till now, as if they can live for 9 years, then they might be in at good state now.) but besides that most who have to stabilized their financial life might try to hold those BTC, but those who are under huge debt might want to lower it, or maybe if someone is in an emergency then they might also try to sell their BTC. Point is, market will make a big dump but it will be temporary so, holders won't mind it but traders will.

From everything that could be read, not only will payments be possible in BTC and some shitcoin, but the victims could also opt for the payment option in fiat. In addition, it should be noted that not everyone will be paid at once, and considering the Japanese efficiency in this case, I would not be surprised if the whole thing takes years.

I think I could coin a saying that would read "God forbid that your CEX gets hacked, and even less if that CEX is in Japan".

Many news sources will want to keep updating the victims about the funds that may end up not refund since all of these news is carrying different refund date, perhaps we will await the official announcement from the team itself to know if there is hope of refund.

I don’t know but I didn’t trust them and they might end up not repaying the victims since they know that their exchange has already lose its reputation in the cryptocurrency space.

I think it's wonderful if the victims get some of their lost funds back, and we, as a community, should focus on being supportive of such a decision and hopeful that it'll promote similar steps in other exit scam crypto exchange situations. If victims get their money, there's no reason to believe that they'll all decide to sell their long-awaited BTC now, at the same time, on the same exchanges. Some will sell immediately, some will wait for some time, some will hodl. Some will use local exchanges, some will use international ones. I think that in the end there won't be a major dump to affect the global market.

I never trust any centralized site because they're just giving fake promise, this refund plan might be an another bullshit.

I think someone which was a victim from Mt Gox should need to post in this forum if Mt Gox is really distribute the money, hearing a news or from untrusted source are nothing as the medias always want to report news as much as possible.

I've heard the Mt.Gox discussion with the refund but until now there is still no news, I suspect it will not be in the near future but wait a few more years.

Don't fully expect them to return it, it's like a lie even though there have been several other statements.

Are you worried about the potential price? It's not going to happen, for example FTX will be selling assets for weeks to come will there be an overreaction from the market? For me this is part of the FUD that is trying to weaken their mentality but the reality is that it will not happen in the near future.

This is not the first time that bitcoin price have been predicted to fall due to the consequences of the return of lost money on the Mt. GOX exchange after the crash. Promises to return this money to the previous owners were voiced repeatedly, but they have not yet been returned and each time they delayed this moment. I’m afraid, to the chagrin of those waiting, next month they will not get back what they lost and the price of bitcoin will not fall (at least for the reason described by OP). What about this news - https://decrypt.co/156498/ftx-gets-approval-to-sell-bitcoin-ethereum-solana? Maybe we should be wary of a collapse of bitcoin because of this?

Last time I heard that Gox was finally about to release the coins was last year and they were about to do it by the end of 2022.

Nothing like that happens without a reason and I believe there's a group of people and media outlets that actively suppress the price of bitcoin by scaring people away with news of incoming dumps, whale addresses waking up, FTX coins being prepared for sale and so on. Why are they doing it? The simplest explanation is that they want to keep the price low before the ETFs are approved.

Most people who were waiting for their coins for 10 years are used to waiting. Dumping it all before the halving wouldn't be the smartest thing to do and they know it. What's another 6 months for someone who held for 10 years? Most people are going to spend some and keep the rest. At least that's what I'd do.

I agree but I think that it's gonna be hard to have that someone post his experience in here. Although they're not obliged to do it, there be some other platforms where one of them who receives the refund will share his/her experience.

Actually, it's been so long when we've heard them if they're done distributing it. But it seems that until now, it is still on the process and incomplete.