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Is it likely the mass sell off will come once mtgox reopens? Certainly many have their bitcoins tied in there and will begin selling once open?


While I'm not qualified to say, I certainly would predict so.

Many price-monitoring tools pull data from MtGox. For anyone using those tools, the price has been stable at $125 for the last few hours and will stay that way until the exchange reopens at whatever the price is then (currently around $65).

When that jump happens, I can only imagine a vast quantity of BTC will be sold and the price will crash.




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