How fking sick is this.. if they have "found" the "missing" bitcoins, just hand them out! They still have the account data and all they need. Selling the bitcoins is bullshit. Those who held Fiat at their account should get fiat if possible, those who held bitcoin should get bitcoin if possible, isn't it that simple really?
What is Japanese states and banks take on bitcoin and cryptocurrencies?
Topic: Mt. Gox's final impact on BTC... - page 3. (Read 2505 times)
If they sell 200k they are not going to do this through an exchange using a market order.
It's far easier to sell 10K or 50K chunks of bitcoin to buyers at 80% market price or something.
It's far easier to sell 10K or 50K chunks of bitcoin to buyers at 80% market price or something.
Agree but that doesn't stop those people dumping them for instant 20% profit.
Welll ehhhh ..... Sell 10K or 50K instantly you will lose more then 20%.
Also why would you assume whales would directly dump them?
A lot of startups like Winklevoss, secondmarket, etc. want those coins so they can make stocks out of them.
Probably governments secretly want bitcoins because they want power over people.
I didn't say instantly dump them as in market sell but dump them over the course of a few days.
Lots of reasons such as instant guaranteed profit, the general drop in the market would mean you could buy the majority of them back.
Why would you assume that wouldn't be the case?
Taking your theory then where selling 10k would drop the price 20% only 5% of those coins need to find there way to market for the price to drop and that number heading to general exchanges is very likely.
They're all theories and we won't know exactly what happens for quite a while I'd imagine but to think that 200k coins suddenly being out in the wild is not something that could drop the price is a bit naive.
If they sell 200k they are not going to do this through an exchange using a market order.
It's far easier to sell 10K or 50K chunks of bitcoin to buyers at 80% market price or something.
It's far easier to sell 10K or 50K chunks of bitcoin to buyers at 80% market price or something.
Agree but that doesn't stop those people dumping them for instant 20% profit.
Welll ehhhh ..... Sell 10K or 50K instantly you will lose more then 20%.
If a curator wants to get a quick resolve then he must sell for a price that will sell instantly. He/She does not have the time to sell them him/herself.
Selling 200K for the last price will never be done so the price must be <100% current price.
Also why would you assume whales would directly dump them?
A lot of startups like Winklevoss, secondmarket, etc. want those coins so they can make stocks out of them.
Probably governments secretly want bitcoins because they want power over people.
If they sell 200k they are not going to do this through an exchange using a market order.
It's far easier to sell 10K or 50K chunks of bitcoin to buyers at 80% market price or something.
It's far easier to sell 10K or 50K chunks of bitcoin to buyers at 80% market price or something.
Agree but that doesn't stop those people dumping them for instant 20% profit.
If they sell 200k they are not going to do this through an exchange using a market order.
It's far easier to sell 10K or 50K chunks of bitcoin to buyers at 80% market price or something.
It's far easier to sell 10K or 50K chunks of bitcoin to buyers at 80% market price or something.
This is verbatim from "The Associated Press" regarding Mt. Gox. "An administrator will try to sell the Company's assets and many creditors, including those that had Bitcoins with the exchange, are unlikely to get any money back." The 200k coins are assets of the Company, whether or not they have names attached to them. If the customers do not get any BTC/money back in the Bankruptcy proceeding, that suggests that there are a ton of creditors that are legally standing in line ahead of them. For this reason, I can only assume that the Japanese Bankruptcy Court will be forced to liquidate the 200k BTC in some way. Until I saw this article, I was under the impression that there would be enough Company assets to, at least, get some value back to customers. I doubt that creditors, that are lucky enough to get anything, will want their portions returned in anything but fiat. Let me just note that I am a BTC enthusiast on every level and I own my coins at an average price of approx. $495. Put another way, I'm on your side! I am just trying to present facts and interpret them the best way I can. The facts are the facts but my interpretation of them may be dead wrong. If so, help me better understand this dilemma . I'm still very new to BTC but I do know, with certainty, that it has survived a lot of of tough hits. In my mind, that means that BTC is here to stay and strong enough to dust off the inevitable and final impact of the Mt. Gox mess. All we can do, at this point, is wait and see what happens and hope that the Bankruptcy "administrator" educates him/herself on the BTC Market and spreads sales over an extended time. That approach would get creditors their maximum return and mitigate damage to the BTC community. Best regards. Jr65
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