I see how Twitter and the public are spreading some very bearish theses, because of which many simply cannot concentrate on real work. Well, how can you sit here counting the interest on your assets in the pools when everyone is shouting from everyone: “Everything is screwed!!! The cue ball is on the way for $34k!!! The alts won’t stand up anymore!!!”
Let's all calm down a little and deal with all theses in order.
What are we falling on?
🎟 I think you've all already heard about Mt.Gox. They began making payments to clients who lost funds during the exchange hack. They claimed to have paid out 142,000 BTC and 143,000 BCH. They scared us with announcements of these payments, if my memory serves me right, since 2019. But now they have really started.
Twitter and crypto publics have already started panicking. Literally everyone is writing about Mt.Gox now. For your peace of mind, I will repeat briefly:
- The volume $BTC , although decent, is still very small in order to move the market. Look at the daily trading volume. $BTC has extensive liquidity, due to which the market will absorb this volume without problems.
- Payments themselves will be made on different days throughout July (and possibly August) on different exchanges. These creditor distribution dynamics will also cushion the impact of any sales.
- Moreover, despite the figures announced by the exchange, the real ones will most likely be distributed much less. Something has already been sold on OTC, something was sold “on paper” and will not enter the market. Hands will change, nothing more.
🎟 Another favorite thesis for dispersing panic is $BTC on the wallets of governments. This is a separate surreal thing. Headings:
"Germany continues to move its bitcoins to the exchange!"
“The US government is constantly making some moves on its account, sending them either to Coinbase or back to the treasury.”
In response to such statements, I ask: So what? Why are we panicking? Is this the first time we've heard such headlines? Or did we just find out how many bitcoins the states keep? Or does Bitcoin not have enough holders, not enough liquidity to buy up these volumes? What's the problem? It is one thing when a significant part of a shield belongs to one person or group of persons. This can collapse the shield, even easily bury it. But this is because, besides this very person, no one needs the coin. But since when did BTC become a shield? And if it’s a shield for you, then what are you even doing in this market?
They answer us: “Well, how is that! Bitcoins will fly into the glass! This is terrible! God, there will be sales!”
So what next? Well, there will be sales. Just like they are every day. Open the volumes tab again. Go to the stock exchanges, look into the glass. Have you seen any sales there before? Or were these sales much less than the volume in their wallets?
️Brothers, never listen to the media and those who react emotionally with actions to their publications. You have your own head on your shoulders, and I know that those who read our channel have a bright head and filled with knowledge. Always ask yourself questions, use logic and common sense. Don't be fooled.
