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RE: 3/09 ANDY HOFFMAN (CryptoGoldCentral.com): The Mt Gox Trustee Story is HUGE – and Bitcoin BULLISH

in #andyhoffman7 years ago

Andy you're absolutely right. The main component of this price attack is the Mt. Gox whale and the other issues regarding the SEC and the Japanese announcement just added a tiny amount of fuel. Maybe 95% Mt. Gox trustee and 5% SEC-Japanese FUD. The great news is that FUD is having less and less impact on the price and the only way an attack on the BTC price can happen is a seller has to sell a massive amount of real bitcoins into the market. Big deal! Eventually the supply of the remaining Mt. Gox trustee's stash will be used up and that will be that. The BTC price will then spring back up. This is only delaying the inevitable. The moral of the story is: Buy on the dip, never sell and HODL!!