You Gox to Be Kidding Me
For those who don't know, the now defunct Mt Gox exchange has begun liquidating their BTC and BCH assets. They have roughly 137,000 remaining of each according to the Mt Gox Cold Wallet Monitor.
The most recent sells were on 4/26 and 5/10 and both affected the price noticeably. If they are selling like clockwork, we should see a giant red dildo hit the charts on or around 5/24. Just a heads up, nobody knows their selling strategy for fact. I highly recommend watching Mt Gox's wallets so you can brace for impact.
Keep an eye on the cold wallet addresses here: cryptoground.com/mtgox-cold-wallet-monitor/
Also a little fun math:
8k per sell
137k total
16 Biweekly periods before 2019
137 / 8 = 17.125
So if they sell 8k biweekly, they will have zero left at the very end of 2018 or beginning of 2019. Seems pretty M A T H E M A T I C A L to me.
Happy trading :)
-Doge
The most recent sells were on 4/26 and 5/10 and both affected the price noticeably. If they are selling like clockwork, we should see a giant red dildo hit the charts on or around 5/24. Just a heads up, nobody knows their selling strategy for fact. I highly recommend watching Mt Gox's wallets so you can brace for impact.
Keep an eye on the cold wallet addresses here: cryptoground.com/mtgox-cold-wallet-monitor/
Also a little fun math:
8k per sell
137k total
16 Biweekly periods before 2019
137 / 8 = 17.125
So if they sell 8k biweekly, they will have zero left at the very end of 2018 or beginning of 2019. Seems pretty M A T H E M A T I C A L to me.
Happy trading :)
-Doge
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