Who would have thought that what happened to MtGox in 2014 (when it was hacked) can still be a big factor for Bitcoin in 2024...ten years after?
I am sure that this malady can be affecting the market for many more days as distribution of MtGox is getting stalled again and again...hopefully they can get their acts together and finish the whole thing so we can then move on and for Bitcoin to be back on the growth pattern towards $100K.
Bitcoin Dips to $56,952 as Market Reacts to Mt Gox and German BTC Moves
On Thursday, July 4, 2024, the price of bitcoin fell below $57,000, reaching a low of $56,952 at 5:20 a.m. EDT. There is widespread speculation about the Mt Gox distribution and the German government’s transfer of approximately 3,000 bitcoin to unidentified wallets, Coinbase, Bitstamp, and Kraken. See more for yourself here (https://news.bitcoin.com/bitcoin-dips-to-56952-as-market-reacts-to-mt-gox-and-german-btc-moves).
Your opinion is greatly appreciated.
MTGox is nothing more than FUD.
Creditors got 20% of their stash, while the rest is still to be distributed.
It's a long path toward this FUD engine to disappear.
Hey fillippone, I wasn't expecting to see you here!I guess the all legendaries of bitcointalk will be moving here soon. That's a good thing for this forum because this way the forum will learn more from them.
But yeah, people are focusing too much of their attention on Mt. Gox and the German government, even after all these events have happened. They should let go of any worries they have about the market, because worrying causes stress and stress is not good for you ovbiously.
Because it is not losing them money permanently. They are long-term investors and they know in many upcoming years BTC will make them profit and they should not worry about these small dumps.at the time of writing this bitcoin is at 66k usd again which means all the fuss about that short dump is now all forgotten if you are a long term trader you really need to fight through fud and don't listen to what a lot of people are speculating about on the internet it will not help you
I believe by now this thread is worthless since this was just a short term drop and 4th July have passed and at this point bitcoin have recovered in the price and right now bitcoin is struggling to HD on to the 70k price benchmark and the recover when dip the back that price did not take long to happen.Bitcoin Dips to $56,952 as Market Reacts to Mt Gox and German BTC Moves
On Thursday, July 4, 2024, the price of bitcoin fell below $57,000, reaching a low of $56,952 at 5:20 a.m. EDT. There is widespread speculation about the Mt Gox distribution and the German government’s transfer of approximately 3,000 bitcoin to unidentified wallets, Coinbase, Bitstamp, and Kraken. See more for yourself here (https://news.bitcoin.com/bitcoin-dips-to-56952-as-market-reacts-to-mt-gox-and-german-btc-moves).
Your opinion is greatly appreciated.
at the time of writing this bitcoin is at 66k usd again which means all the fuss about that short dump is now all forgotten if you are a long term trader you really need to fight through fud and don't listen to what a lot of people are speculating about on the internet it will not help youThis is exactly how investors should think when they have made an investment in Bitcoin. If hodlers will trade due to this fuss this means they failed to control their emotions and were not read to become hodlers. BTC recovered its price to $70k and short term traders take trades according to these differences in price.
be patient and let bitcoin show you what it is made of ;D
Observing the internet to know what a lot of people are speculating is a good idea though but hodlers should not get into this fuss because they are playing a lengthy game full of fuss like this. Micro Strategy is accumulating BTC from a long time and they are making profit too. They are playing a lengthy game which is beneficial for them.
Michael Saylor is not only brilliant but also a genius. I was searching Google after reading your reply to find out who owns MicroStrategy. I found out that Vanguard and BlackRock own a good percentage of shares of this company. These two institutional investment firms also have their own Bitcoin ETFs which means they are into long-term holding. Only retail investors panic when they hear anything bad about Bitcoin whereas these guys do know the potential of Bitcoin and its long-term gain.But Michael Slayer owns the micro strategy and they are offering investors to buy the shares of their company which is backed by bitcoin. I wasn't aware that Vanguard and BlackRock own most of the shares of this company. This is a good thing because these investment firms are the ones that have their own BTC ETFs. I think these companies bought these shares before the approval of BTC ETFs.
Your opinion is greatly appreciated.