MtGox coins total about 1 year of all mined bitcoin at current mining reward rate. US federal government has more than 1 year, 3 months worth of mining…
Thus, of all bitcoin coming to market over next 4 years, more than half is coming from Gox and Feds.
This all feels like it was timed to coincide with the expected bull run.
Let’s do it. That selling strategy only works once. Better now than later.
Exactly. I’ll take it. I think of it as a multiplier on my income. If I put 1-2% away for a decade, this could very easily be retirement replacement in 20 years.
I say it's a very encouraging development. If they want to suppress price in order to sow FUD, fine. I'm in no rush to finalize my stack. Plebs should be excited at the opportunity to buy more. Hope they have diamond hands and hearts.
Having been around for a while, I assure you this will partition the community but most will stay and/or come back. And those that come back will regret their loss for years to come.
