Few days back I was this close to buying BTC when it was around 10k, but halted for some reasons. Now I see the price is around 8.6k and I wonder why the sudden downwards trend! I see no major news out there (or maybe the statements of mr. buffet and gates?). What could be the reason and how dip the price can go?
It was MT.Gox who sell-off worth 8,200 Bitcoin and make the whole market truly affected here is the link
https://www.ccn.com/8200-btc-moved-from-mt-gox-wallet-possible-sell-off-affects-bitcoin-price/. I heard that still they have 140,000 Bitcoin in their wallet but without links then this will be good as hearsay because if this is true and sell all of these Bitcoin then for sure Bitcoin value will fall to as low as $4,000. So i suggest we must be vigilant all the times to avoid future losses.