Many of Mt. Gox's early users -To The Moon - Tiger Brokers Online Investing Community - To The Moon

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SPACE ROCKET
07-05

Many of Mt. Gox's early users as well as creditors are LONG-TERM BITCOIN ENTHUSIASTS who are LESS LIKELY to sell all of their bitcoin immediately," said Lennix Lai, chief commercial officer of crypto exchange OKX. Afterall, Mt. Gox's victims have waited from 2014 till now in 2024, what's the hurry in selling their Bitcoins off now? Might as well wait awhile more for Bitcoin to reach a new ATH, right? They have been waiting for 10 years anyway; there is no urgent monetary need to liquidate it now when Bitcoin is dipping. If you bought many Bitcoins at such a low price of $600/Bitcoin back then, would you liquidate them now or wait for them to reach new highs? Common sense, wait it out. Perhaps the best investment they have ever made in their lifetime! Lai further added that previous sell-offs by law enforcement, including the Silk Road case, did not result in a sustained catastrophic price drop.

Crypto Stocks Slumped As Bitcoin Slides to Four-Month Lows on Liquidation Fears

Crypto stocks slumped as Bitcoin slides to four-month lows on liquidation fears.Bitcoin sank to a four-month low on Friday, breaking below technical supports as traders anticipated the dumping of long

Crypto Stocks Slumped As Bitcoin Slides to Four-Month Lows on Liquidation Fears

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JudyFrederick
·07-05
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Awesome insight! Patience pays off in the long run. HODL and wait for the new ATH! [Strong]
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- SPACE ROCKET:
  Thank you! Holding with you! I own Bitcoins on $Coinbase Global, Inc.(COIN)$ too! 🙌🙌🫶🫶
  07-05
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Gox's early users as well as creditors are LONG-TERM BITCOIN ENTHUSIASTS who are LESS LIKELY to sell all of their bitcoin immediately,\" said Lennix Lai, chief commercial officer of crypto exchange OKX. Afterall, Mt. Gox's victims have waited from 2014 till now in 2024, what's the hurry in selling their Bitcoins off now? Might as well wait awhile more for Bitcoin to reach a new ATH, right? They have been waiting for 10 years anyway; there is no urgent monetary need to liquidate it now when Bitcoin is dipping. If you bought many Bitcoins at such a low price of $600/Bitcoin back then, would you liquidate them now or wait for them to reach new highs? Common sense, wait it out. Perhaps the best investment they have ever made in their lifetime! Lai further added that previous sell-offs by law enforcement, including the Silk Road case, did not result in a sustained catastrophic price drop.","highlighted":1,"essential":1,"paper":1,"likeSize":82,"commentSize":2,"repostSize":2,"favoriteSize":0,"link":"https://ttm.financial/post/324250209263696","repostId":1181604200,"repostType":2,"repost":{"id":"1181604200","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1720167040,"share":"https://www.laohu8.com/m/news/1181604200?lang=&edition=full","pubTime":"2024-07-05 16:10","market":"us","language":"en","title":"Crypto Stocks Slumped As Bitcoin Slides to Four-Month Lows on Liquidation Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1181604200","media":"Tiger Newspress","summary":"Crypto stocks slumped as Bitcoin slides to four-month lows on liquidation fears.Bitcoin sank to a four-month low on Friday, breaking below technical supports as traders anticipated the dumping of long","content":"<html><head></head><body><p>Crypto stocks slumped as Bitcoin slides to four-month lows on liquidation fears.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7883f261699c10840ba50d6ac703a2d7\" tg-width=\"270\" tg-height=\"318\"/></p><p>Bitcoin sank to a four-month low on Friday, breaking below technical supports as traders anticipated the dumping of long-lost tokens from a defunct Japanese exchange and further selling by momentum-spooked leveraged players.</p><p style=\"text-align: start;\">The price of the world&#39;s largest cryptocurrency slid more than 8% to $53,523, below chart support around $55,000 and its lowest since late February.</p><p>It has lost some 12% for the week so far, even as many of the risk-sensitive assets it tends to track, such as the Nasdaq, have gained.</p><p style=\"text-align: start;\">Ether slid 9% to $2,841, an over two-month low.</p><p style=\"text-align: start;\">Media reports said Mt. Gox, the world&#39;s leading exchange for cryptocurrencies before it collapsed a decade ago, may start returning bitcoin to creditors, who are seen as likely sellers since the token&#39;s worth was only hundreds of dollars in 2014.</p><p style=\"text-align: start;\">&#34;The selling pressure is still related to creditor selling from the failed Mt Gox exchange,&#34; Tony Sycamore, a market analyst at IG, said.</p><p style=\"text-align: start;\">&#34;However, the acceleration to the downside suggests the market is trying to get ahead of the creditor flows.&#34;</p><p style=\"text-align: start;\">Analysts have also pointed to worries over the possibility of Joe Biden being replaced as the Democrats&#39; presidential nominee by someone less pro-crypto after a shaky debate performance with rival candidate Donald Trump.</p><p style=\"text-align: start;\">Bitcoin had a strong start to the year after the launch of exchange-traded funds in the U.S., propelling it to a record $73,803.25 in mid-March. 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Gox, the world&#39;s leading exchange for cryptocurrencies before it collapsed a decade ago, may start returning bitcoin to creditors, who are seen as likely sellers since the token&#39;s worth was only hundreds of dollars in 2014.</p><p style=\"text-align: start;\">&#34;The selling pressure is still related to creditor selling from the failed Mt Gox exchange,&#34; Tony Sycamore, a market analyst at IG, said.</p><p style=\"text-align: start;\">&#34;However, the acceleration to the downside suggests the market is trying to get ahead of the creditor flows.&#34;</p><p style=\"text-align: start;\">Analysts have also pointed to worries over the possibility of Joe Biden being replaced as the Democrats&#39; presidential nominee by someone less pro-crypto after a shaky debate performance with rival candidate Donald Trump.</p><p style=\"text-align: start;\">Bitcoin had a strong start to the year after the launch of exchange-traded funds in the U.S., propelling it to a record $73,803.25 in mid-March. However, it has since struggled.</p><p style=\"text-align: start;\">&#34;With an asset that has been rangebound for quite a while and recently in the lower end of that range, there are plenty of margined positions,&#34; said Justin D&#39;Anethan at digital assets market maker Keyrock, which are forced to sell as prices fall.</p><p style=\"text-align: start;\">&#34;This of course creates a cascading effect, pushing prices further down than it might in a market with less leverage.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"Marathon Digital Holdings Inc","HUT":"Hut 8 Mining Corp","COIN":"Coinbase Global, Inc.","MSTR":"MicroStrategy Incorporated","RIOT":"Riot Platforms"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181604200","content_text":"Crypto stocks slumped as Bitcoin slides to four-month lows on liquidation fears.Bitcoin sank to a four-month low on Friday, breaking below technical supports as traders anticipated the dumping of long-lost tokens from a defunct Japanese exchange and further selling by momentum-spooked leveraged players.The price of the world's largest cryptocurrency slid more than 8% to $53,523, below chart support around $55,000 and its lowest since late February.It has lost some 12% for the week so far, even as many of the risk-sensitive assets it tends to track, such as the Nasdaq, have gained.Ether slid 9% to $2,841, an over two-month low.Media reports said Mt. Gox, the world's leading exchange for cryptocurrencies before it collapsed a decade ago, may start returning bitcoin to creditors, who are seen as likely sellers since the token's worth was only hundreds of dollars in 2014.\"The selling pressure is still related to creditor selling from the failed Mt Gox exchange,\" Tony Sycamore, a market analyst at IG, said.\"However, the acceleration to the downside suggests the market is trying to get ahead of the creditor flows.\"Analysts have also pointed to worries over the possibility of Joe Biden being replaced as the Democrats' presidential nominee by someone less pro-crypto after a shaky debate performance with rival candidate Donald Trump.Bitcoin had a strong start to the year after the launch of exchange-traded funds in the U.S., propelling it to a record $73,803.25 in mid-March. However, it has since struggled.\"With an asset that has been rangebound for quite a while and recently in the lower end of that range, there are plenty of margined positions,\" said Justin D'Anethan at digital assets market maker Keyrock, which are forced to sell as prices fall.\"This of course creates a cascading effect, pushing prices further down than it might in a market with less leverage.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":458,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["09008","03042","03008","BTC.USD.CC","03439","BTC.USD.HKCC","09439"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":750,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":324168679809088,"commentId":"324168679809088","gmtCreate":1720172071647,"gmtModify":1720181740000,"authorId":9000000000000528,"author":{"id":9000000000000528,"idStr":"9000000000000528","authorId":9000000000000528,"name":"JudyFrederick","avatar":"https://static.tigerbbs.com/f2f16969c066c927390c828865b22d18","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324250209263696,"objectIdStr":"324250209263696","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Awesome insight! Patience pays off in the long run. HODL and wait for the new ATH! [Strong]","text":"Awesome insight! Patience pays off in the long run. HODL and wait for the new ATH! [Strong]","html":"Awesome insight! Patience pays off in the long run. HODL and wait for the new ATH! [Strong]","likeSize":1,"commentSize":1,"subComments":[{"id":324220403785816,"commentId":"324220403785816","gmtCreate":1720184447306,"gmtModify":1720187029724,"authorId":4093561479903300,"author":{"id":4093561479903300,"idStr":"4093561479903300","authorId":4093561479903300,"name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/8d914d0fac29a13d969545b323fbfe8a","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.28","exceedPercentage":"93.24%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.16","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":324250209263696,"objectIdStr":"324250209263696","type":1,"supId":324168679809088,"supIdStr":"324168679809088","prevId":0,"prevIdStr":"0","content":"Thank you! Holding with you! I own Bitcoins on <a href=\"https://ttm.financial/S/COIN\"> $Coinbase Global, Inc.(COIN)$ </a>too! 🙌🙌🫶🫶","text":"Thank you! Holding with you! I own Bitcoins on <a href=\"https://ttm.financial/S/COIN\"> $Coinbase Global, Inc.(COIN)$ </a>too! 🙌🙌🫶🫶","html":"Thank you! Holding with you! I own Bitcoins on <a href=\"https://ttm.financial/S/COIN\"> $Coinbase Global, Inc.(COIN)$ </a>too! 🙌🙌🫶🫶"}],"verified":10,"allocateAmount":0,"commentType":"hot","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}