Yeah, I slept on it, but the market did recover, so do you think it is a different scenario now, or will it be like the German dumping? The distribution will start today, but compared to Germany's scenario, the UK customers will not be part of the first set of distribution.
Some experts believe there will be no crazy selling like what happened with the Germans because they all already made a profit, but do they all share the same sentiment?
I have heard that Mt. Gox users will have some lock period on their Bitcoin so they cannot sell it instantly. That is because they don't want to impact on the market too much. We all know that the market will move a little just because of the news. But, some sources said that users won't be able to sell it instantly. So, there will be no mass selling after the distribution. If this is true, then I think Bitcoin will go sideways for a long time because those users will continue to dumo their Bitcoin for a long time. No matter if they share same sentiment or not. But, since the scarcity is increasing every month, Bitcoin economy will continue to grow as new investors are continue to coming to the market.
Its good if they have something like that feature since its no sense at all if majority of them will unload immediately their bitcoin since it possibly could move the price of bitcoin plus provably these news will create a lot more panic since lots of people easily get carried out by the news they read online and some may think that this is risky situation that's why there might be a lot of people will join to dump their bitcoin.
We could able to see that bitcoin still recovering back and we can say that everything is fine even if there's a sort of repayment for their creditors happen. People are now open minded on the news and just think about everything is fine even if there's some developments happen on Mt.gox.