Mt Gox trading strategy for bitcoin. Limited time opportunity!!!steemCreated with Sketch.

in #bitcoin7 years ago

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So you may have recently heard about the news of Mt Gox's bitcoin dump. We witnessed that he can easily drive the bitcoin price down to scary lows. But is it over??? No, as we can infer by his public announcement. He currently has 815000 bitcoin that he confirmed that he plan's to get rid of on the coming days. Let me remind you that he dropped the btc price from 20000 down to 6000 with only 35000btc imagine what he can do with 815000.
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Now, what can we do about this? Nothing other than play by his rules and try to make money from his actions. The trading strategy is sell your bitcoin when it get's around 10000-14000$ and wait to buy at 6000-8000$. Is this financial advice? of course not what do you think i am a crypto expert? I'm just a guy thinking how to make money. What do you think is this strategy logical? Make your own decision, I just gave you food for thought. The only bad with this strategy is we don't know when his bitcoin will end, because most probably when has no more btc to sell i believe the price will moon. Let me know what do you think.

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"The only bad with this strategy is we don't know when his bitcoin will end"

Yes, we do.

http://gaelb.alwaysdata.net/MTgox_watch_CW/index.html

you're wellcome ;)

For future viewers: price of bitcoin at the moment of posting is 9680.20USD

Added to my follow list. Keep up the good work and what do you think of the current market?

Ty for your comment. I think we gonna suffer a little bit until the dumping stop's especially alts will bleed

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