RE: This Is The Story With The Recent Sell Off In Crypto. By Gregory Mannarino
I would suggest everyone looks into the MT.Gox vs bitcoin price. Recently the trustee in charge of the 166K BTC from the Mt. Gox wallet began selling off BTC and BCC to pay the amount owed to the creditors in the lawsuit. Large amounts have been dumped in recent months. 2000BTC on DEC 18, 6000 BTC on DEC 22, on one day in FEB he sold 18000 BTC, wouldn't you guess, that was when it fell to $6000 in short order. This was done on purpose for some reason, as a normal person wanting to get maximum returns would never sell such large amounts all at once on a public exchange, it was almost as though he wanted as little as possible. I do not think the guy was an idiot, he purposefully timed each dump, just as BTC was reaching a support line on the chart, and beginning to rise. Each of his sell orders broke down through support, that has to be intentional. BTC (the honey badger of currency), just keeps chugging along.
And that's the exact same game being played with the gold and silver markets. All markets are being rigged!!
WTF did MtGox get 166k BTC from ?? I thought they were hacked and lost everyones BTC !!