RE: Mt Gox Trustee Sales + Bitcoin Misery Index Provide Some Hope Of BTC Price Bottom

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Mt Gox Trustee Sales + Bitcoin Misery Index Provide Some Hope Of BTC Price Bottom

in bitcoin •  7 years ago 

Thanks for the analysis! Do you think the market has settled down partly because we now know that the Mt GOX dump was part of the reasons for the prices to fall?
The dump had no real fundamental reason and maybe now the market will compensate the overreaction for the earlier dumps.

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It's simply a matter of the extra coins getting sold, or the expectation by the market of same.