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Topic: Adam Guerbuez claims some very big news is coming for Bitcoin this friday - page 7. (Read 31096 times)

legendary
Activity: 1778
Merit: 1043
#Free market
So what's up? Did Adam Guerbuez already announce his upcoming pro-wrestling match with Market Karpeles?

This is the big news (and  now we are waiting to a big pump ) :

For someone that obviously eats as much as he does, I think you can expect a big dump everyday.
hero member
Activity: 504
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hero member
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Merit: 500
So what's up? Did Adam Guerbuez already announce his upcoming pro-wrestling match with Market Karpeles?
legendary
Activity: 3066
Merit: 1188
That news is a pinned item from December.

Although these hypster promotions are usually nonsense, there is one scenario that crossed my mind - albeit hypothetical and a bit of fun.

[1] - as I posted previously the only way this guy could have any inside info about anything and there be no other leaks is if he was contracted by some third party

[2] - circumstances suggest that him and the Winklevosses have a common interest (or enemy at least) in the form of Mark Zuckerberg. Winkees because of historical wrangles over Facebook IP and Guerbez because of his $837 million debt handed to him by Facebook lawyers. They may have struck up a trust relationship in the last few years.

[3] - the ETF launch price filed was $20.09 per share and one share corresponds to 0.2 BTC, so that values bitcoin at about $100 (The ETF filing was done so long ago that at that time the price seemed realistic)

[4] - there is therefore some reconciliation to be done. What are the implications of launching an ETF backed by an asset valued at 2-3 times the ETF marketcap ?

a) - the Winkies would have been effectively selling their BTC at a 65% discount (if we use the price just before the recent crash)

b) - if the ETF gets over-subscribed, it has to purchase more bitcoin to balance up the shares. There are only 1 million shares backed by 200,000 BTC, so if they all get bought quickly and there isn't enough time for the ETF share price to catch up with the Bitcoin market price then the Winkies would have to go and purchase new bitcoin at a massive premium over the ETF share price to balance up the fund

[5] - SOLUTION: Crash the market just prior to launch using only a small part of the ETF holdings. That helps in 2 ways:

   a) it starts to get the Bitcoin open market price into a range where the ETF can more easily couple with it (or more cheaply from the point of view of the fund)

   b) the fund can hoover up a load more coins on the way down to pre-empt an oversubscription, plus they can recoup their costs of crashing the market at the same time

[6] - then the question arises of why they'd contract this Guerbuez guy to whip up bullish sentiment in advance of any announcement. That could be to mitigate any scorched earth syndrome from the crash and also to help prepare the ground for a subsequent market rally after the announcement

Anyway, that's just the product of my over-active imagination as applied to this little piece of mysticism. If it's nonsense, at least I had some fun making it up. The Winkies could just adjust the share price prior to launch and that would blow my theory out of the water (on the other hand, maybe there's some problem with doing that, in which case...  Wink )

More info..see this discussion from back in July: https://bitcointa.lk/threads/winklevoss-etf-will-list-on-nasdaq-as-coin.336604/page-2

Winkdex index on which ETF share price will be based: http://winkdex.com
hero member
Activity: 812
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It's pretty obvious he is referring to a later in the day announcement.
hero member
Activity: 504
Merit: 500
Can someone say what was the annoucement because I was so busy today. Thanks in advance.

If he was going to make the announcement on his twitter feed, he hasn't made it yet:

https://twitter.com/adamguerbuez
hero member
Activity: 722
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Taking a nap!?! Is that code?

Maybe he means the price is recharging for a rocketship to the moon?!?

legendary
Activity: 2604
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Can someone say what was the annoucement because I was so busy today. Thanks in advance.
hero member
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better everyday ♥

whoever took the time to write that is a sad and stupid individual and that goes for the 8 people who have tipped the article.

Not that I wouldn't put it past him, but on his twitter feed he said he was taking a nap, and I believe he's from Canada, it's barely Friday afternoon when he supposedly made this announcement... so where did he make it?

Taking a nap!?! Is that code?

Maybe he means the price is recharging for a rocketship to the moon?!?

Dangit Elwar, how you decipher it so fast...

hero member
Activity: 504
Merit: 500

whoever took the time to write that is a sad and stupid individual and that goes for the 8 people who have tipped the article.

Not that I wouldn't put it past him, but on his twitter feed he said he was taking a nap, and I believe he's from Canada, it's barely Friday afternoon when he supposedly made this announcement... so where did he make it?
legendary
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Logic 1 - Believers 0
legendary
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#1 VIP Crypto Casino
legendary
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--------------->¿?
hero member
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Ha Ha Ha Ha!! I knew he was full of s$%T

Just wait Till I Announce my S$%T It will smell

10 time more  Shocked
newbie
Activity: 2
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This guy is a joke.....seriously he thought this was big news? or has the big news not been released yet and he just pranked us with the shit gyft news. is he working for gyft by any chance?
hero member
Activity: 700
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So the news has something to do with advertising slicecream?  Absolutely hilarious, but I am disappointed  Cry
hero member
Activity: 518
Merit: 500
Hodl!

Seems pretty onionish to me, disappointing on 2 fronts, one, I was toying with the idea of onionish crypto news, didn't know that place existed Sad and two, I totally heart Chapmans ice cream, seeing as it has stayed ice cream and not "dairy dessert" and feel sad that it is brought into disrepute.
legendary
Activity: 1106
Merit: 1000
Once lucky doesnt mean he is going to consistently deliver reliable new. This reeks more of an attempt to boost the prices.
BTC is going to go up soon becaus eits undervalued, not due to some announcement.
legendary
Activity: 1316
Merit: 1000
where was it said for what time the news will be? his time is running out fast imo, ready for twitter attack

Thus far he's only said "Friday PM".

Friday PM also happens to be the kickoff time for the Miami Bitcoin Conference.

Well the big party starts tonight.  So everyone can be hung over for the actual conference Saturday morning.

-B-

I cant imagine anything announced at a bitcoin drinking session is going to be a big deal for the price, ah well, wait and see.
sr. member
Activity: 641
Merit: 253
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The guy is an attention whore. He knows bitcoin crashed and people will be excited to hear any news. Most people in this thread never heard of him, so it looks like the hype is working and he gained a lot of followers this week.
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