Are you ready for the next round of repayments from Mt. Gox?
This Thursday, Bitstamp Exchange will begin processing Mt. Gox's repayments, and the repayment amount will be nearly $9 billion! This is the second round of repayments after Kraken processed 36% of the repayments.
At this point, everyone can't help but ask, will this have a new round of impact on the price of Bitcoin? The final answer, I believe, can only be revealed by the market.
As I often remind everyone, the market trend is unpredictable. Sometimes, seemingly unfavorable news may cause the market to rise; and those seemingly favorable news may not necessarily drive the market to a good direction.
Take the online trading of Ethereum spot ETF as a good example. After it was online for trading in the past two days, the price of Ethereum has experienced a round of correction.
Therefore, we should not try to speculate on the market trend, but be prepared for various possible market trends. Whether the market is rising, sideways or falling, as long as you have a corresponding strategy to deal with it, you will not be affected by price fluctuations.
It is worth noting that the recent repayment of Mt. Gox and Trump's upcoming speech at the Bitcoin Conference have brought great uncertainty to the market. On the one hand, the repayment of Mt. Gox may bring huge selling pressure to the Bitcoin market; on the other hand, although the content of Trump's speech is unknown, the market generally believes that it will be good news.
In this case, the long-short offensive and defensive battle in the market has become particularly fierce. But if you are a long-term holder, then the sideways, rising or falling market is not a big problem for you.
Therefore, the top priority for investors now is to gradually convert cash into crypto assets led by Bitcoin through a fixed investment (DCA) strategy, which is a wise choice.
At the same time, given that cash will depreciate due to inflation, while Bitcoin may continue to appreciate over time, converting cash to Bitcoin will be a wise choice in the long run.
For the upcoming repayment of Mt. Gox on the Bitstamp exchange, what impact do you think it will have on the price of Bitcoin?
