Re: MtGox finally going to distribute 137,000 BTC sometime next month
Four digits, here we come. I'm going to fill the shopping cart.
I'm wondering if we won't see the 10,000$ once again, whenever there is any news about this MtGox ghost we see the market falling like a rotten papaya when it falls from the tree. but on the positive side and that a drop to $10,000 would be a great golden opportunity to buy big and then sell at $60,000 would be 6X profit guaranteed. Will we see the president of El Salvador selling the whole country to buy bitcoin at 10,000$?
I sold a little every month during 2021 (inverted DCA), and kept tabs of it. When I calculated it, the medium selling price was near the top. So if I re-buy what I sold for 10k I will have 6x the bitcoin I have sold, and if it goes to 60k again I will have 36x the fiat money I initially spend. So yes, it will be a good entry point, and I will not be surprised if the president of El Salvador sells his country just to buy it.