Post
Topic
Board Bitcoin Discussion
Re: Mt Gox Upcoming release of funds to its creditors vs Btc Price
by
BobK71
on 29/08/2022, 19:04:52 UTC
Because when this incident happened, the value of bitcoin was very low and many people were not even aware of bitcoin.If these people get their bitcoins back and those people sell bitcoin, the market can crash a lot.But it is also possible that they charge a price in against for these bitcoins But one thing to note is that people who were aware of the importance of bitcoin in 2014 will sell bitcoin in a bear market?.  They will wait for the Bull run.Therefore, it seems unlikely that the Bitcoin price will crash further
People's attitude towards MT Gox can be opposite. Since the price of Bitcoin is at its lowest level, many people will not want to sell Bitcoin. They can also hold. I think human emotions are responsible in this regard. So maybe the market is in a down trend. Hope it will soon recover and the price can be reach at $24k.