Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OgNasty
on 17/07/2024, 00:18:08 UTC
I can complete your delusional idea to clarify that from your perspective, MTGOX remains as the "final" hurdle.

It is funny (or maybe "strange" is a better word?) how someone who has been in bitcoin for so long, can get so distracted by nonsensical thoughts, and surely this MTGOX obsession is not the first nonsensical thought I have witnessed flowing out of your keyboard (if that might be the source?).

It’s pretty common sense that mtgox is the final thing keeping the market down. You’d have to have 0 background in finance to not understand that. Germany sent the market from 67 to 53. Gox will see more BTC than that hit the market. Luckily, it will be a profit taking event for Blackrock and others who have amassed a near 10 billion dollar short position. That should ease the pain a bit. Then you have FTX billions being returned to crypto folks before the end of the year. So while I am by no means not bearish, I’m not going to pretend mtgox doesn’t exist. It’s weird you and some others here do. I think it stems from a misguided belief that this thread has some sort of an effect on the market in order to feel like your words have some sort of relevance. That’s what I think is a nonsensical thought.