Mt Gox just won't die. I hate that altcoins are so dependant on the price of BTC. I hope one day that changes. I've read in other places that the Mt Gox trustee may not sell much more since they've almost repaid everything. But, there is still a sizeable BTC position. Any thoughts as to whether he will do another sell off?
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You can bet he will continue to sell off whatever coins he has. The question is will he do it all at once again or in smaller chucks over time. Until he is done expect the price to keep dropping when ever he sells. He does not believing in holding over the long haul. We just have the grin and bare it for while.
We must hope that he will sell in smaller chucks over time. That way it will not impact the market very much, but he is not worried about it...
You are right. If he sells it all it will crash hard and scare everyone away from the other altcoins.