Mtgox is the best news this year, so why are people panicking?

I don't understand why not more people are happy about it. It proves that -The market crash was not due to a bubble or of people losing trust in bitcoin. – It will prevent further crashes by the same guy, and I am sure there are orgs,whales,countries that are looking to stock crypto and who is better to deal with then an organization with a legal obligation to get rid of it and have a record of being an idiot at selling bitcoin for way cheaper than the current price. I know of a whale looking to buy $ 400M in BTC and he didn't know who to contact, so he tried people in his network with no avail. The 200,000 BTC will be absorbed so quickly unless this trustee is legally obligated to continue being an idiot.

What am I getting wrong?

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Bitcoin – The Currency of the Internet

It’s liberating when you realize that no one actually has a clue what they’re talking about regarding this market.

I got into crypto almost a year ago. It's been an incredible experience learning about Bitcoin, blockchain, and other cryptos. While it's game-changing technology and a potentially great investment, it has also been a tremendously fun hobby and given me countless hours of reading, entertainment, learning, and even new relationships. It's awesome to see this community growing at the pace it has and I hope to see it continue long into the future because this is something I'd like to stay involved in for the rest of my life.

With that said, the amount of bogus information and speculation on Reddit regarding the crypto market is painful to endure. For those that are newbs, which I still in some ways consider myself pretty new to this, it is easy to get caught up in the forecasting and high or low expectations for Bitcoin and other coin prices. Everyone obviously wants to see this market continue to boom, and positivity is a great thing. But there is a big difference between positivity and downright bogus speculation. The same goes for those that predict bear markets and crashes. The uninformed predictions of the market plummeting are no different. I may be overshooting this a little, but I'd say that more than 99% of what I read on Reddit regarding the market falls into the bogus speculation category. That is not a good look on cryptocurrency as a whole. We need to be realists, and the reality is that being a realist about crypto means admitting that you just have no clue whatsoever.

I only came to terms with this myself around January. And let me tell you that it has been so liberating. The freedom I feel knowing that speculative posts on Reddit no longer have any effect on me is hard to describe. With this newfound freedom, my interest and focus on crypto and blockchain has only grown stronger. So newbs, and everyone, take a moment and reflect on what you want out of this. Focus on your own personal understanding of crypto and its benefits and downfalls. Learn, learn, and learn, but use valid sources of information, not speculation. In closing, I'll admit I'm a HODLer. But you do you and enjoy the fact that you get to be involved in the early stages of some incredible technology.

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Bitcoin – The Currency of the Internet

"Amazon-Coin" Replacing Bitcoin?…And Other Small Business Tech News This Week

Gene Marks , Contributor I write about technology developments for small business owners. Opinions expressed by Forbes Contributors are their own. Here are five things in technology that happened this past week and how they affect your business. Did you miss them? 1 — Amazon-coin? More than …
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