Quote from: fortunecrypto on Today at 09:39:39 AM

Quote from: BobK71 on Today at 07:49:24 AM

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?.

The news of Mt Gox may have some effect on the current market but it is temporary. I personally not worried about it. Suppose the matter is true, but what is the problem? We all know the current circulating supply of BTC is 19,127,550, nothing new is being added here. So there is nothing to worry. Most crypto investors expect the market will recover shortly.

Investors have seen the potential of Bitcoin many new investors have hoped that they can buy Bitcoin at a cheaper price than when they first bought it, if ever they will release it and the holders of those Bitcoin sell it, there's buying pressure from old and new investors the market can absorb it because there's demand and there will be more demand in the future, I don't see Bitcoin going down to $5000 buyers will be lucky to have it at $10k.

Maybe the drop will occur but I haven't thought this will take so long to recover. It can be easy to lift up as the buying demand will increase due to massive massive buying volume. That is not worrying and never I think people will do panic selling but instead of buying more as the price is cheap.
Well, I think I need to prepare some backup reserved if this will happen.

I think OP you have to control your emotions and stop worrying about the market instead, you are going to be happy for that.