Post
Topic
Board Altcoin Discussion
Re: When Bottom?
by
Lagduf
on 03/10/2022, 10:21:24 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.
I knew the expected selloff from MTGox will not happen, selloff news are usually not announced any more. In the last bull market the dip of bitcoin does not indicate the dip of the altcoins market, altcoins are like to selloff more into another dip for bitcoin even as its price rises. And this might persist for while

It will happen. You can't expect if there will be sell off from mtgox. There are so many creditors of mtgox needs money and they will be finally getting what they deserve.  i can't deny that it's not meant all of them will be selling their bitcoin instantly but most of them will be doing it for sure.
Im not feeling doubt if sell off may come as soon as possible along with the bad situation that happened in the market.