RE: Main reasons why Bitcoin dropped from $11,699 to $8,550 in no time

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Main reasons why Bitcoin dropped from $11,699 to $8,550 in no time

in bitcoin •  7 years ago 

Mt. Gox is still holding 160k of BTC. I might be off on the exact number... but rest assured, they have plenty more to drive the price down. Mt. Gox trustee has been selling through exchanges, long term this could be a good thing. However, until those wallets have been twiddled down to insignificant amounts, you might want to consider that in your analysis.

I know Haejin would never do this... however if they are the real reason to the price swings, not much us retail buyers can do until the distribution is more even.

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