Bitcoin bulls rejoice! The bounce in the price of the digital currency is now supported by news that one of Wall Street's most revered financial …
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There was an update over at mtgox.com today, the trustee announces he did not sell coins at the same time as moving them.
He also says he sold them in a way which would not affect market price.
There's been a lot of FUD about this over the last couple of weeks and its starting to look like it was all bullshit.
Here's the link : https://www.mtgox.com/img/pdf/20180317_qa.pdf
NBC just did one of the best stories on Bitcoin I have ever seen mainstream media do. Excellent explanation. Mentioned the drop but also pointed out its sustained growth dispute that drop.
The only criticism I have came from two bad quotes from a guy with the Digital Currency Group.
He said "bitcoin is an investment" . That's wrong. It's a protocol. This is what it really is and it's a very important thing to realize as the IRS and your accountant attempts to figure out how it should be taxed.
He also said " you will either make a lot of money or you will lose all your money" . That's completely wrong. Bitcoin will never be worth nothing, anymore than an ounce of gold will ever be worth nothing. People need to stop saying that. It's false and people in the industry especially should know better.