Post
Topic
Board Altcoin Discussion
Re: Why is no one worried about this
by
sana54210
on 21/08/2022, 16:05:18 UTC
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?.
People think that 2 billion dollars worth of bitcoin would be all sent at the same time and all cashed out at the same time. What you need to realize is that we have billions of dollars worth of trading volume per day, so hundreds of millions of dollars gets sold all the time and that’s fine, meaning if we have just a situation where it's sold hundreds of millions of dollars, then it won't really crash it a lot.

I am not saying it won't go down, it could, but not as much as you think it would and that’s the point. I personally believe that the best thing to do would be making sure that we have some cash to buy more bitcoins if the price goes down too much.