yep...I see it going sideways at best for till the end of the year...my view is that mt. gox has to wrap up the liquidation from the trustee's point of view (for them to get paid
and done with the liquidation) by the end of this year....is my guess ....thus 1.9 Billion BTC to USD in the next 8 months that 'pig' has to be digested by the Bitcoin Python
can it be done, don't know...but if it can be and the price goes sideways..that is my best case...at the way mt. gox trustee always panic sells on exchanges directly and kills his
own price point, by the mass of BTC he moves, and always selling on the low/drop in price (panic sells)...BTC IMHO could go as low as 3k IMHO...
NOW IF ...the mt. gox trustees sold outside of exchanges (most likely the folk would hold) and stated they are going to move so much coin in increments on a time frame
till the end of the year at best manner possible...then perhaps..it would not matter and the price could go up...but with the cluelessness or just plain spite these 'banker connected' lawyers
liquidating mt gox have taken...I sometimes wonder if they are not making this a 'train wreck' just so when they go back to representing the Japanese banks they can show
they f*cked the BTC ecosystem as much as legally possible on this liquidation...
and done with the liquidation) by the end of this year....is my guess ....thus 1.9 Billion BTC to USD in the next 8 months that 'pig' has to be digested by the Bitcoin Python
can it be done, don't know...but if it can be and the price goes sideways..that is my best case...at the way mt. gox trustee always panic sells on exchanges directly and kills his
own price point, by the mass of BTC he moves, and always selling on the low/drop in price (panic sells)...BTC IMHO could go as low as 3k IMHO...
NOW IF ...the mt. gox trustees sold outside of exchanges (most likely the folk would hold) and stated they are going to move so much coin in increments on a time frame
till the end of the year at best manner possible...then perhaps..it would not matter and the price could go up...but with the cluelessness or just plain spite these 'banker connected' lawyers
liquidating mt gox have taken...I sometimes wonder if they are not making this a 'train wreck' just so when they go back to representing the Japanese banks they can show
they f*cked the BTC ecosystem as much as legally possible on this liquidation...
For a long time bitcoiner, you surely do seem to have a decent ability to buy into a lot of the mainstream media FUD regarding one factor that is supposedly keeping BTC prices down. Sounds like a lot of nonsense to me, because surely the GOX trustee does not have enough coins to meaningfully effect overall BTC markets - more or less a blip on the radar screen in the overall scheme of things.
On the other hand, bitcoin does remain in a price correction situation, so yes, there is a certain amount of upwards momentum that is needed to break back into the 5 digits and to get the price momentum moving up, rather than either sideways or down.
There is no doubt news are used to spread FUD for the benefit of those who want cheap Bitcoin. However the trustee does have a sizable amount of Bitcoins, he surely can wreak havoc on the market (at some extent). Here is a website that tracks what is supposed to be Mtgox addresses: https://www.cryptoground.com/mtgox-cold-wallet-monitor. You can also take a look at the trustee's report detailing his sales: https://www.mtgox.com/img/pdf/20180307_report.pdf. You can even try to find a correlation between what he sold and Bitcoin's price movement since its ATH.
Anyway, I think it's important to be aware of these kinda things without necessarily leaving in fear, uncertainty and doubt.
