Mtgox coins have started hitting the market. The first users are beginning to confirm having received their coins. Market only down $2,300 so far today and holding up well. I imagine the losses will accelerate as people get off work or start seeing their nest egg declining as well as more users receiving their coins. Still hoping we see some billionaires taking advantage of the liquidity to do some stacking so things don’t set off a panic.
This story keeps going round and round...now you are speculating about 'getting off work' and 'nest egg declining'.
Laughable. All it is is SOMEONE taking advantage of the situation and shorting, then buying.
How this 'theory' reconciles with tremendous buying the last few days and not much price action?
Someone was shorting into retail/ETF buy?
I think financial 'people' need to be significantly 'culled" as far as their profession numbers are concerned (i don't advocate any violence, just getting separated from the job). 50-70% of those would hopefully go on UBI, eventually, as their jobs are clearly not needed in the world of bitcoin.