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RE: Crypto didn't rally on Consensus 2018, but a rally may still be in the cards
I think it’s more related to the Mt God selloff personally which may continue in 2018. This is similar to a public company that has a large concentrated owner that continues to unload shares and put downward pressure on share price.
That could be part of it. Plus if people KNOW selling is about to happen, they will hold off on purchasing. So, the effect could be greater than just the downward pressure the one seller could inflict.
Exactly. And will they continue to selloff throughout 2018? If so, what does that do to prices for the entire crypto market?
In the grand scheme of things the amount they are looking to sell isn't THAT large. It's a big number, but if done even remotely responsibly it shouldn't have that much of an impact. In my opinion at least. Hopefully he learned something from selling large chunks at the bid last time.