Why did I feel like the reason why BTC doesn't go below 20k today was because of Ethereum? Many are adopting ETH because of the merge and the forks, free money on the way for holders not just stakers.
Its' not caused by ethereum that was triggering the bearish trend but it's caused by mtgox issue that was making so many people feel worry. I have no problem with ethereum at all since ethereum will always be going to the bottom along with bitcoin and whole of crypto market due to the bearish trend. The mtgox dump may make it different as it can trigger the situation to be even worse. Don't you aware about this?
That's true, the mtgox deal is getting to a point that people are worried about not just one small part, but more like billions of dollars. I still think that it won't happen that way, but it does feel like there is a good chance it could be done in smaller parts piece by piece. This will of course eventually level out the market and not going to really crash it. Which means that people made too much noise out of nothing.
The amount of money that mtgox could have caused a trouble, was smaller than the amount we already dropped just because of the news. That's our biggest problem, news about potential danger causes the price to drop more than the danger itself and that's stupid.