Quote from: Minecache on Today at 04:24:53 PM

Quote from: ethereumhunter on Today at 04:12:50 PM

Quote from: Wincob on August 19, 2022, 08:04:22 PM

What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.

If those who received the BTC wanted to cash it in by selling it immediately, it could crash BTC and plummet to the lowest price we could ever imagine. But if they keep their BTC on hold and sell it when the price increases again, it won't crash BTC. But even though the price of BTC crashes, it is an advantage for those of us who have fiat because we can buy BTC at the lowest price, which is the best moment to buy BTC. Now it's your decision if you are one of those who will accept the BTC but if you don't accept it, then just prepare your money to buy BTC.

Perhaps because of this news, the market corrected after rallying to almost $25k.
In the event that this is indeed official news, I see Mt.gox's bitcoin release as an opportunity instead of yet another fear that will be felt as people continue to fear it. We don't have much chance of being able to buy bitcoin cheaply, so instead of being afraid when they come, we should take advantage of the opportunity to buy bitcoins at a cheap price.

Any bad news circulating in the crypto world will affect Bitcoin price movements, that's why we're seeing Bitcoin down about 14% in a week
right now. Whereas previously Bitcoin had looked positive it would rise above the $25k price, but now the Bitcoin price has dropped to
the $21k price. The decline in the price of Bitcoin also greatly affected the price of altcoins, where now the majority of altcoins have decreased.
But since I've been in the crypto world for a long time, what's happening now is nothing new and doesn't worry me at all. Because I believe
Bitcoin will always recover no matter how deep its price goes down, that's why as you said we really shouldn't worry about the Bitcoin price
dropping, and should take the opportunity to buy Bitcoin in the current situation. I also believe that today's investors are getting smarter,
therefore the correction that occurs may not last long. Because I believe there will be many investors who buy Bitcoin when the price drops
like it is today.