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Germany & Mt. Gox Bitcoin Sell-Offs ‘Likely’ to Mark Market Bottom
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Joe Burnett, a former Blockware Solutions analyst and senior product marketing Manager at Unchained, forecasts an ease in market conditions only when Bitcoin sell-off pressure from Mt. Gox and Germany abates.
It’s highly likely that Germany selling 50,000 #bitcoin will mark a bottom.
Announcing a sale of this size is idiotic and creates a reflexive feedback loop.
Let me explain my thoughts.
Imagine you’re a whale on the bid or market maker on the bid with a 1,000 BTC bid at the top…
— Joe Burnett, MSBA (
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