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RE: Mt Gox Selling Bitcoin - They caused CRASH 😑😑 - UPDATE 🚨🚨

in #bitcoin β€’ 7 years ago

Insane how those all line up perfectly with times at which corporations need to get numbers in order for their financial holdings, moving forward this should be seen as a positive.

Will they wait for the next bull run and try recover fiat value as with investors or just redistribute remaining holdings amongst clients? Smart move would be to redistribute yet I have feeling it will be the opposite with another crash resulting from further sell off. The sell off at higher value will give room for recouping profits, do they wish to save face at this point for the next endeavour?

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the fact that they sold around 6-8k tells me they quite price insensitive ... i.e. they want to return the fiat and they will sell all the assets to do so... I could be wrong tho just my opinion