/biz/ - Business & Finance

The ENTIRE market is controlled by MT GOX TRUSTEE Anonymous Wed Mar 7 13:52:24 2018 No.8184720 [View]
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JP morgan reports that the ratio of money actually "in" crypto to the market cap is 50:1. That means roughly only 10b dollars in crypto. Hence why several thousand bitcoin can tank the market. This was never a bubble. The dotcom bubble went to 10 TRILLION dollars, not accounting for inflation

Mt Gox Trustee dumped his first load at $15k and has been steadily unloading ever since. 165k BTC remaining.

All of the mainstream news coverage, good or bad, all of the regulations, exchange FUD, technical analysis, is MEANINGLESS in the face of a guy who is actively selling 1% of the total supply. MARKET SELLING no less. For all we know, BTC could very well have been 50k if this old gook had died.

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