July - Red Alert - Take Notice Crypto Holders.

[pennyweight]

Flash News in a Few days in July, Creditors from Mt.Gox Exchange will get their Bitcoin back doing whatever they want with it.

140,000 BTC = 8.5 Billion Dollars More will Flow to the Market.

If it happens my estimation is Bitcoin at 52,000$
Worst Case Scenario - 44,000$ Worth until September.

 

[DotBin]

Flash News in a Few days in July, Creditors from Mt.Gox Exchange will get their Bitcoin back doing whatever they want with it.

140,000 BTC = 8.5 Billion Dollars More will Flow to the Market.

If it happens my estimation is Bitcoin at 52,000$
Worst Case Scenario - 44,000$ Worth until September.

Unlikely, 8.5B USD isn’t even that a considerable amount if you look at the total daily volume of BTC - this is nothing but FUD.
Even if they all sell at the exact same time, I doubt we’ll see that big of a downward movement, maybe a small wick down. I think a good amount of those holders won’t even sell their holdings right away since we’re around the corner of the bull market.

 

[BNB]

If it happens

xd

 

[-Creationtc-]

Let's wait and see what happens. July will be interesting to watch.

 

[wiggleit]

Thanks for the heads up!

Just sold what I had, just to be safe.

 

[Ben86]

Mt.gox news already priced in imo

 

[ToolsNine]

Let's wait and see what happens. July will be interesting to watch.

Yes, the market cycle for July seems to be very bearish.

 

[Thunderproxy]

This isn't anything new, literally 2 or 3 cycles the same thing keeps being announced.

 

[Dinis Fernao]

What I like most about cryptocurrency is how some talk about the decline, others about bitcoin being 100k by the end of the year
8.5 billion is a seed of their capitalization, I don't think we should be so worried.
except for those who sold their house to buy bitcoin and make a quick buck

 

[pennyweight]

What I like most about cryptocurrency is how some talk about the decline, others about bitcoin being 100k by the end of the year
8.5 billion is a seed of their capitalization, I don't think we should be so worried.
except for those who sold their house to buy bitcoin and make a quick buck

140,000 Bitcoin in a Worst case scenario can cause a 20% downsize and destroying many leveraged Holders.

 

[Thunderproxy]

140,000 Bitcoin in a Worst case scenario can cause a 20% downsize and destroying many leveraged Holders.

Which is nothing but a buy opportunity if you hold long term.

 

[RichMedusa]

Yeah, I believe that we didn't see the bottom so far. Next months tend to see sad. The recover must happen in Q4

 

[pennyweight]

Which is nothing but a buy opportunity if you hold long term.

I am not saying it won't be a buying opportunity, but I believe people prefer to buy Bitcoin on 50,000$ maybe and not on 65,000$ if they can.

 

[GoodBully]

If I buy in July, when do you think it will grow again?

 

[pennyweight]

I hate saying I told you so...

 

[abbesnetwork]

This is great.

 

[onlinemarketer12]

Most users here are expecting this to have negative impact on prices. But current price hit is not an indication with 100% probability that it will continue to drop. Crypto is very unpredictable now.

 

[Techkat]

it will grow more this year

 

[pvtRyan]

If trump gets elected btc will sky rocket. He said he wants to be the crypto president

 

[pennyweight]

If trump gets elected btc will sky rocket. He said he wants to be the crypto president

You have Donald Trump and you got also RFK