Post
Topic
Board Bitcoin Discussion
Re: MTGox BTC is selling
by
Wind_FURY
on 23/05/2018, 05:40:13 UTC
"MTGox is selling" is just a new kind of FUD, and some people are trying  to manipulate the market with this FUD. They want other people to panic and sell their coins low, so manipulators can buy them and sell later. People shouldn't care about minor news, it's a good way to lose money if you trade by reacting to them, instead people should have a good long term strategy that ignores minor fluctuations. Time has proven that all these hacks, government bans and other stuff doesn't matter in the long run, so people should never panic on this market.

But is it proven that it is "not FUD" though? If coins from the trustee's wallet truly moved then what do you believe was he doing besides selling those coins? Plus how would you explain the dump in the exchanges?

At any rate, buy the dip. Cool