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Look to history: https://99bitcoins.com/price-chart-history/ https://99bitcoins.com/price-chart-history/ Speculation: When Mt Gox froze withdrawals and closed
by ajcodez 9y ago
Look to history: https://99bitcoins.com/price-chart-history/ https://99bitcoins.com/price-chart-history/
Speculation: When Mt Gox froze withdrawals and closed it either triggered or participated in a massive correction. If Tether allegations are true, I would speculate increased volatility in a bearish direction. It should start with rising volume on USD exchanges and shrinking volume on USDT exchanges as traders withdraw BTC, USD/USDT volatility on Kraken, BTC/USD and BTC/USDT price diverging across exchanges. Chicago futures if they open will set the reference price. If BTC anchor price is volatile alts will probably get hurt. KRW fiat rates will probably be affected. If it dips in the long run it could be a good buying opportunity.