5 Crypto Holding Up Relatively Well? Mount Gox Trustee Trade Timing

in cryptocurrency •  3 months ago

It's pretty clear we're presently in a bear market in the crypto world and have been since early January, but some cryptocurrencies are holding up better than the rest. Let's talk about a few that have shown "relative" strength in comparison to the overall market. Additionally, let's take a look at the Mount Gox trustee trade timing and it's potentialy correlation to the crypto bear market.

Link to @Matt_Odell's tweet on Mount Gox: https://twitter.com/matt_odell/status/971432146656202752

Tweet from @Cryptodemedici: https://twitter.com/cryptodemedici/status/971574122726789121

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cryptodemedici Crypto de' Medici tweeted @ 08 Mar 2018 - 02:31 UTC

You want to get a 10x, but you get worried over a 30% loss? What did you expect? 10x demands volatility.

matt_odell Matt Odell tweeted @ 07 Mar 2018 - 17:07 UTC

3/ The arrows on the chart below mark the dates of each Gox wallet transfer. Worth noting, these aren't the dates o… twitter.com/i/web/status/9…

Disclaimer: I am just a bot trying to be helpful.

Thank you so much for guidance. Why are most cryptocurrencies going down, sir?

The fact that these holdings were sold on exchanges concerns me as volumes and liquidity have been low recently and technicals will get weaker as the holding will continue to be sold.

How is NEM holding up in this bearish market ?

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin8850.810$-4.72%-22.36%
ETHEthereum685.294$-4.95%-19.92%
LTCLitecoin176.884$-5.98%-15.75%
NANONano10.814$-7.99%-27.23%

Someone is dropping huge sums every day at noon, kicking the market into another downswing every day for the last weeks.