Do not be fooled into thinking this is #MtGox fault...
First of all they will be returning tokens for the next 3 months.
On top of that exchanges will be holding them for up to 90 more days.
Thereore the last refund will not be available for sale for the next six months.
We are talking about 144k coins over around 6 months That's 800 coins per day on average... 40.000.000 usd.
Daily volume is what? 40-50bln?
Mtgox refund is litrrally meaningless... So is germany selling. Peanuts.
Mtgox Simply cannot and will not dump the price.
So why the $BTC dump? It is not the dump, so far it looks like a healthy correction. I expect it to dip slightly below 50k and have been expecting for weeks because of double top... 50k before mooning again this year near 100k.
So i do not panic... I buy more and some $SOL
I have my eye on $PEOPLE as well... If it drops another 10-20% i will be buying. It should couple x easy after that dump. And yes, this is what dump is.
