Topic: MtGOX return of funds (Read 150 times)
It's a ridiculous thing to return funds, they should return the bitcoin, not money.
Bitcoins will always be stable in price and that will not affect Bitcoin.
Not concerned, it won't have any affect on the operation or principles of Bitcoin. Even if there is a sell off, it will have no long term impact on the price. It might provide a buying opportunity though.
Yep agreed with you on all points. Is there any way to know how much BTC is expected to be returned ?
Edit: I think I misunderstood your question. You were not asking about expected return on investment, you were asking how much bitcoin will be returned to MtGox victims. I think it's about 170,000 bitcoins.
Not concerned, it won't have any affect on the operation or principles of Bitcoin. Even if there is a sell off, it will have no long term impact on the price. It might provide a buying opportunity though.
Yep agreed with you on all points. Is there any way to know how much BTC is expected to be returned ?
Not concerned, it won't have any affect on the operation or principles of Bitcoin. Even if there is a sell off, it will have no long term impact on the price. It might provide a buying opportunity though.
Even if the majority of the recipients all decide they're just gonna hang on to their Bitcoins and not sell, and in the best case scenario only less than 20% decide to sell, that's still 20% of about a billion. If too many sell around the same time, and it's not spread out enough, in the current state of the market with no strong confidence and low volume, that will probably still have an impact.
Now if a lot more people than that decide to sell, or the majority sells, we could be in for a pretty major drop.
Indeed, and then bitmex ppl will try to short and down we go. Personally, I’m holding for next few years so I welcome the buying opportunity. Even if a recession was to start in US, crypto is here to stay and at worst the recovery time might just be extendedNow if a lot more people than that decide to sell, or the majority sells, we could be in for a pretty major drop.
Even if the majority of the recipients all decide they're just gonna hang on to their Bitcoins and not sell, and in the best case scenario only less than 20% decide to sell, that's still 20% of about a billion. If too many sell around the same time, and it's not spread out enough, in the current state of the market with no strong confidence and low volume, that will probably still have an impact.
Now if a lot more people than that decide to sell, or the majority sells, we could be in for a pretty major drop.
Now if a lot more people than that decide to sell, or the majority sells, we could be in for a pretty major drop.
Is anyone concerned about the upcoming MtGOX return of funds? I’m not sure what the total # of btc that’s being claimed by their original owners but I’d imagine many may sell which could have huge market impact / price collapse
Thoughts ?
Thoughts ?
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