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Mt.Gox has moved a few Billion dollars of $BTC in the last hour. They have a total of 142K BTC

German government could be selling a further 50,000 btc (10,000 already sold)

I see a lot of fear, some selling, not much buying.

I did not expect simultaneous dumps to happen at teh same time.

I maintain the fact that not all Gox coins will be sold.... some will not all.

BTC is weak as hell and just fell to 55K and could fall as low as 50K if nobody steps in.

I dont see a floor at 55K and wish I had better news

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Comments

Levi

BTC has always been a long term play. I am completely unfazed by this process action.

Jos Laat

The ratio btcusd:goldusd TOPped allready in 2021. Now we have the 3rd lower low in 2024 ! . Going down with banking reserves

Mbolorman

Wish I had cash. I will just be adding to my bags. Been thru a lot in the crazy bear markets for this to even worry me. I know where we are heading to 12-18months & to get there, we will have to clear all these Mt Gox, German govt selling etc. we rather have it all happen now before rate cuts, liquify picks up etc. so will be hunting cash like hell to add to those positions. Thanks James & Team for these updates.

David

These dips are no good for Saylor, he only buys the top.....

David

Gr8 time for picking up your favourite ALTS, fire sale or what!??

Clark

This is why we like your site. News and analysis, not hopium.

honestjohn

People are scared to death of buying the top….60k has a serious number of lettuce hands

Bottom Feeder

Troll Warning - @IrresponsiblyLong$MSTR is the poison your mentors warn you to avoid. Mr Victim cries because he buys high and sells low, hasn’t learned a thing from this community but comments like it’s everyone else’s fault. He’s an investment failure under the duress of his own actions but prefers to project on others. The transparency is stunningly telling. Imagine if anyone in the community took him seriously or worse knew him personally. Parasites die in their own 💩. This should be a good lesson for new investors because the rest of us know from experience Mr victim troll behavior. Such predictable nonsense. Basic logic exposes losers from winners. This losers comments couldn’t be more obvious.

BTC.cowboy

They should’ve NOT double checked their send addresses 😅

Piper

Sticking to the long term plan... BTC, SOL, MSTR, TSLA, etc.... Continuing to DCA whenever I can. Keep a little on the side to 'learn' trading as I go (sometimes I do okay with that - sometimes I don't - and i'm okay with that - I'm learning about trading and don't have much time to devote quite yet - wish I could) I don't really care about short term volatility - my goal is years, not days, weeks or months.... Pick high quality assets at a discount, hold, and exit when appropriate. I cannot thank James enough🙏

Patient Zero

I’m new here, does anyone know how to ask a question for the Sunday Q&A?