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129 sats \ 4 replies \ @riberet19 24 Jun \ on: Mt Gox Dump Coming? bitcoin
A lot of people who get their BTC back, even if it's not 100%, will want to make their profit in terms of fiat and they will sell, many others won't, I think Bitcoin could fall due to the selling pressure and also the hype that the news will generate, but then the market will absorb those Bitcoins and we will go back to normal, or at the later price, that's what I think.
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Are you so unlucky? Haha
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Even those who don't sell directly will likely want to spend their Bitcoin on goods and services. Some of the recipients of that spending will exchange for fiat, so even indirectly there will be lots of downward pressure on the exchange rate.
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Let's take advantage of that then ;)
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