The huge impact of Mt gox's switch to BTC on the market

Background of the event

130,000+ BTC and 130,000+ BCH

Payment method, spot non-cash

User cost does not exceed $400

Amount of stolen 80% comprehensive:

User cost does not exceed 2000 USD

Sell at 60K price, profit 30X

More than!!!!

If the compensation program is executed

Selling power is strong

Impact on the market

1. Before the compensation program is executed: It has always been a negative event hanging over the BTC market, and ETH has the expected support of ETF buying, the cottage will be divided and dare not collectively pull up, and trading opportunities will decrease

2. The program is not executed (only for changing wallets): Then it means a reversal of the market, then the cottage will increase more than ETH, and ETH will be greater than BTC

Once the execution begins, it will be a continuous selling process

Coping strategy

1. In the stage of panic outbreak, BTC continues to fall, and others follow the decline 2. In the stage of emotional dissipation, BTC fluctuates, and others rebound

3. After the compensation is over, BTC and cottages return to long positions

Therefore, this incident has the greatest impact on BTC, and also provides a buying opportunity for the entry of high-quality cottages #门头沟 #ETH现货ETF