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Author Topic: Why bitcoin is still dropping ?  (Read 1202 times)
BartS
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June 27, 2018, 09:00:29 PM
 #261

I am thinking about the affect of Wall Street guys who are going short on btc, let alone the mtgox dump sells
The market of futures is having an effect on the price of bitcoin that is undeniable but the dump by mtgox had an even bigger effect in my opinion and the fact we know they have many more coins to sell is affecting the market since anyone with some common sense knows that a bigger supply of coins in the market will make the price to go down so everyone is waiting for the moment the dump of coins resumes so they can get cheap coins, so the price will only recover once the dumps are over.
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