Mt. Gox shifts $9B in BTC, market braces for impact

[Faisal2202]

Yeah, there was no significant move this July, unlike the German news wherein the price goes on it's lowest at $54,000. And on the contrary, we have a minor pump to $70,000 when Trump spoke on the Bitcoin conference and says that he will fire Gary Gesler. However, it was also short lived as we go back to $67,000.

Nevertheless, it's good to see that at the end of the month of July, we are still somewhat on the green candle, we are still +5.xx% for this month after going -6.xx% last June. So everything is on the move, even if we still have to get rid of the past trauma that of the Mt. Gox for the rest of the year.

You mentioned all the significant moves that happened in July and still saying there was no significant move hehe. I think you were expecting some big significant moves. I think July was full of serious events I mean market was dumped due to huge selling by Germany, MT GOX started the distribution of funds, Trump got shot, the market recovered back to $70k, and then after the news of Silk Road selling dumping again.

I think we will find the upcoming months more exciting and the tension will be more then July. Because to my knowledge, Silk Road and FTX might start selling BTC as well. Although FTX is going to distribute funds of victims we should not call it selling because maybe half of the victims chose not to sell their holdings.