Post
Topic
Board Altcoin Discussion
Topic OP
When Bottom?
by
Altcoinsintel
on 30/09/2022, 11:40:57 UTC
Taking a look at prices at coinmarketcap isn't giving me hope we are at the end of the bear market yet.
But the charts and the overpriced assets (Shiba Inu, Dogecoin, etc.) are not the only indicators.

There's an event we are waiting for that should finally end and that's no other than the MtGox coins release. Certainly, Bitcoin's price is decisive for the whole market.

Maybe the release of 100,000 BTC will not be that damaging. Sure if everyone sells, we will find new levels, but right now, I think it is the only event investors wait to begin buying both Bitcoin and altcoins.
Nobody wants to buy fearing MtGox holders will dump their forced hodled coins. Maybe they won't but it is fear of a dump that blocks many investors at this point.
The soonest the MtGox BTC are released, the better for everyone in this market. The FUD will end, and if prices drop then we get a discount.