Post
Topic
Board Speculation
Re: Wtf Guys!?!
by
dbshck
on 22/06/2018, 14:15:58 UTC
I mean I had my fair share of bumps in the head when it comes to holding cryptos...  But really, right when you think it's gonna be ok, a dump happens.  It's like the trading gods are saying:  'Nah-aaaahh'.  Cheesy
Haha yeah, it's weird. Bitcoin had another leg down despite the good news(?) coming out from Mt.Gox bankruptcy proceedings.
Quote
In other words, Mt. Gox's bitcoin holdings will not need to be sold, as has been happening, but can instead be distributed on a pro-rata basis. This means that future creditors may receive more than $440 per bitcoin (a value that comes from the price of bitcoin at the time bankruptcy proceedings began), a possibility that has previously been a source of controversy.
https://www.coindesk.com/mt-gox-crypto-bitcoin-exchange-creditors-win/
No more Bitcoin sell-off and a big win for creditors, why does the market react negatively to this?

Edit: Oh turns out there's a bad news coming at the same time, also from Japan https://cointelegraph.com/news/japan-hits-6-more-crypto-exchanges-with-business-improvement-orders