I don't usually post here but in my opinion the current downtrend and stagnation is because of the mt. gox coins. It's like a looming sword hanging over bitcoin. I didn't buy into most FUD like China ban, Korea ban, etc. but personally when I read that Kobayashi sold thousands of coins, and could possibly sell many, many more it was the first time I actually got worried for bitcoin. If I was an investor, and thinking of investing a million or two, into bitcoin, this news would absolutely change my mind. Not only is it very plausible that those coins can be sold in the near future, but the impact is very clear.

I don't think the crash from the ATH was caused by Kobayashi, but I think the current stagnation and continuing down-trend certainly was. It has made people much more cautious and the only way out of this is if the court in Japan would release a statement that these coins will 100% not be sold but returned to the original owners in some fashion (as they should be). I know there was a statement that, until September, there will be no further sell-off but as an investor, 6 months are too soon for me to risk any significant amount just to have bitcoin dumped by a whale, or more appropriately, the mother of all whales. I am hoping this is not discouraging, I hope to be wrong and believe this can be turned around but to be honest right now I don't know how.