Post
Topic
Board Altcoin Discussion
Re: When Bottom?
by
Xal0lex
on 09/10/2022, 20:08:12 UTC
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 9 year 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.

The mt.gox bitcoin epic will go on and on. I recently read the news that bitcoin issuance has been postponed until early 2023. This year, as previously announced, there will be no refunds. I am not sure if this was the last postponement of bitcoin issuance to affected investors. This story could drag on for a very long time, being already synonymous with FUD. So don't pay much attention to such analytics.