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Bitcoin Ring Market Members Watch Sell Buy More!?

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Ring Market Bitcoin Members Robert Kiyosaki of Rich Dad Poor Dad Advises Selling Amid Price Crash but Plans to Buy More

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On Monday morning, Bitcoin’s price experienced a significant drop following the announcement that Mt. Gox will begin distributing $9 billion in BTC to creditors in July after a decade-long wait. This decline also came on the heels of news that the German government has started selling a substantial quantity of seized bitcoins. These developments have caused considerable concern among Bitcoin ring members of which will be resolved quickly as this is a very volatile fast moving market.

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Approximately $9 billion in bitcoin (BTC) and $50.8 million in bitcoin cash (BCH) are set to be distributed to Mt Gox creditors. “The repayments will be made from the beginning of July 2024,” according to the official Mt Gox announcement. This distribution comes after creditors have endured a lengthy wait of ten years and three months. Mt Gox ceased operations on February 24, 2014, when it halted all trading and took its website offline.

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