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How do we feel about this? Sell Pressure From 150K Mt.Gox BTC Could Tank Bitcoin Over 90%, Crypto Analyst Says

How do we feel about this? Sell Pressure From 150K Mt.Gox BTC Could Tank Bitcoin Over 90%, Crypto Analyst Says



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24 Comments

  1. then what? analysts are mostly propagandists. do you have any idea the extent of assumption that needs to be made to get to that prediction? no you don’t. he’s assuming everyone immediately sells, and that the order books stay frozen and represents 100% of potential trading, which they never do. he’s also ignoring OTC and private sales, which make up a large portion of the market. there is zero chance of that happening and he either knows that or he’s a complete fucking moron.

  2. I doubt they’ll all sell at once and those that do will probably sell a fraction. Some will undoubtedly sell all. It may tank but I feel like OG hodlers are used to the fluctuation at this point. He’ll if it tanks 50% there’s a lot of people who won’t bat an eye and just buy the dip. I highly doubt it’ll tank 60%+.

    This is not financial advice. Just a personal thought typed out.

  3. Riiiight! I’d fill my bags if that happens. What a terrible analyst. I feel like people say shit like this to get the little guy’s to sell so they can get a discounted BTC

  4. tldr; According to a notice from the Mt. Gox Trustee Nobuaki Kobayashi, the rehabilitation plan to disburse 150,000 BTC worth $8.5 billion is now “final and binding.” The plan was first put into motion in 2018 with the intention to compensate creditors of the now-defunct Japanese crypto exchange. Bitcoin could tank over 80%-90% if the creditors sell the BTC.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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