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.
I don't know if it's related, but maybe there is another reason that caused the bitcoin price to undergo a massive correction. If bitcoin giving is true, people shouldn't be in a rush to sell their bitcoins and just wait for the price to rise again before they sell it. That way, they will get a big profit because they get bitcoin and can sell it at the highest price.
If people want to buy bitcoin, they can now do so because the price of bitcoin is still holding it's low and while there is still a chance the price will drop lower, that is another opportunity to buy bitcoin.