You are viewing a single comment's thread from:
RE: NEO Network DEAD - Massive Position in STEEM! - DTube Updates! | The Crypt #0024
I'm glad I no longer need to heap scorn upon you for owning XRP.
Crypto might be in for a bumpy ride for a while thanks to the mt gox trustee FUD, with everyone scared someone is going to dump 160k btc over the next few months.
I read a bit about that, but don't know the full scoop yet. Got any deets?
http://uk.businessinsider.com/bitcoin-price-traders-angry-over-mt-gox-trustees-bitcoin-sales-2018-3
That seems to cover a lot of it. But the basic summary is that the BTC recovered from the mt gox catastrophe a few years ago is being sold off and potentially aborting every price rally for a good while. Its difficult to get any clear info on how much is legally required to be sold and what happens to the rest afterward.
Oh boy sounds epic