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RE: 3 Possible Reasons For The Current Bear Market: MtGox, SEC and Potential Binance Hack

in #steem7 years ago

I think it was a forgone conclusion that the regulators would eventually come after the exchanges, but the MtGox news seems very bullish to me.

The sell pressure from the MtGox liquidation will subside, or has subsided already, so it's more likely that we'll be headed into another bull market in the near future.

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That's what I meant by "healing". There's still an amount almost 4 times bigger than what has been already sold yet to hit the markets, so we may still expect some waves...

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