/biz/ - Business & Finance

Alright /biz/, it is becoming clear that we are running out of time to accumulate. The all time ATH, month long rally after a whole year of beating that market, and huge volume are telling enough. Attention has been irrevocably drawn to this project's performance. However, there are two key moments coming up that may cause BTC to tank, dragging the market down along with it. It's not even guaranteed that they will be as severe as previous BTC dumps due to LINK's new fiat pairings.

NASDAQ / BAKKT FUTURES

https://bitcoinist.com/bakkt-raises-182-bitcoin-microsoft/
https://bitcoinist.com/nasdaq-bitcoin-futures-q1-2019/

If they can short us, and get paid in bitcoin that they will then dump, we're fukkt. Luckily the government is shut down right now, delaying the legal process for both of these markets. Crashing bitcoin to the $1000 range would allow us to buy $0.20 LINK again.

MT. GOX COIN DISTRIBUTION

https://bitcoinist.com/mt-gox-creditors-bitcoins-next-summer/
https://mtgox-creditors.com/2018/08/02/revised-basic-policy-for-preparing-a-rehabilitation-plan-as-of-august-1-2018/

With approval for the redistribution of BTC funds to Mt. Gox creditors coming in Feb and the actual redistribution to start in May or June, this is likely going to be a massive dump. People will be being refunded their BTC and accumulated BCC, with everyone 'up' in terms of fiat. Some die hards may hodl everything, and I think most will retain large quantities of their stacks, especially in the panic of everyone climbing over one another to sell. BTC will crash then quickly stabilize somewhere lower than it was before the dump, and then we have truly reached Despair. The last of the weak hands will have been shaken out. LINK mainnet may have decoupled LINKs price somewhat from BTC price action by this time however.