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Samina Khan
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Don't be misled into thinking that MtGox is responsible for the current market downturn. They'll be returning tokens over the next three months, and exchanges will hold them for up to 90 days after that.
This means that the last refund won't be available for sale for six months, which is a relatively small amount of 800 coins per day.
This is a drop in the bucket compared to the daily volume of $40-50 billion.
The MtGox refund is essentially insignificant, and Germany's sale of BTC is also a small amount. The recent price drop isn't a dump, but rather a healthy correction.
I'm expecting the price to dip slightly below $50k before rising again to around $100k this year.
I'm not panicking, but instead, I'm buying more BTC and considering other coins like SOL and PEOPLE. If the price drops another 10-20%, I'll be buying more.
#Write2Earn! #Bitcoin❗
This means that the last refund won't be available for sale for six months, which is a relatively small amount of 800 coins per day.
This is a drop in the bucket compared to the daily volume of $40-50 billion.
The MtGox refund is essentially insignificant, and Germany's sale of BTC is also a small amount. The recent price drop isn't a dump, but rather a healthy correction.
I'm expecting the price to dip slightly below $50k before rising again to around $100k this year.
I'm not panicking, but instead, I'm buying more BTC and considering other coins like SOL and PEOPLE. If the price drops another 10-20%, I'll be buying more.
#Write2Earn! #Bitcoin❗
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