Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14381.

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: samson on March 08, 2018, 04:19:34 AM

Quote from: JayJuanGee on March 08, 2018, 12:03:00 AM

Quote from: Paashaas on March 07, 2018, 11:52:26 PM

I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.

Bullish AF!

Yeah, but I believe that GOX started with 200k BTC, and over the past 3 months, they sold about 35k BTC.. which is hardly a blip in BTC's trading volume... I think that there is fear about what they are going to do with the other 165k BTC, right? Which I doubt that they are going to announce before they do anything, such as sell, right?

At this point the MtGox trustee has almost sold enough coins to cover the entire set of claims in JPY which were made back in 2014.

I believe this is what he needs to do to cover his companies ass, once he has funds to cover all claims he doesn't need to sell any more.

In fact there's a whole load of creditors who specifically don't want him to sell any more as we want the funds back in Bitcoin when the eventual payout comes.

On the claim form the receiver specifically asked if you wanted to be paid back in USD, or Bitcoin. When I heard it was all going to be done in USD I stopped following things.

Is it now at all realistic that the BTC will be paid back in actual BTC? Even if it's a percentage of the BTC after costs, it would be far more significant than simply the full USD value of BTC in USD based upon the BTC value in fiat back then.

Any references appreciated, as I did specifically ask for repayment in BTC at the time I was asked.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: samson on March 08, 2018, 04:19:34 AM

Quote from: JayJuanGee on March 08, 2018, 12:03:00 AM

Quote from: Paashaas on March 07, 2018, 11:52:26 PM

I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.

Bullish AF!

Yeah, but I believe that GOX started with 200k BTC, and over the past 3 months, they sold about 35k BTC.. which is hardly a blip in BTC's trading volume... I think that there is fear about what they are going to do with the other 165k BTC, right? Which I doubt that they are going to announce before they do anything, such as sell, right?

At this point the MtGox trustee has almost sold enough coins to cover the entire set of claims in JPY which were made back in 2014.

I believe this is what he needs to do to cover his companies ass, once he has funds to cover all claims he doesn't need to sell any more.

In fact there's a whole load of creditors who specifically don't want him to sell any more as we want the funds back in Bitcoin when the eventual payout comes.

Are the creditors going to sue the trustee for his negligence? (Not using OTC / bulk sellers etc.)

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: samson on March 08, 2018, 04:19:34 AM

Quote from: JayJuanGee on March 08, 2018, 12:03:00 AM

Quote from: Paashaas on March 07, 2018, 11:52:26 PM

I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.

Bullish AF!

Yeah, but I believe that GOX started with 200k BTC, and over the past 3 months, they sold about 35k BTC.. which is hardly a blip in BTC's trading volume... I think that there is fear about what they are going to do with the other 165k BTC, right? Which I doubt that they are going to announce before they do anything, such as sell, right?

At this point the MtGox trustee has almost sold enough coins to cover the entire set of claims in JPY which were made back in 2014.

I believe this is what he needs to do to cover his companies ass, once he has funds to cover all claims he doesn't need to sell any more.

In fact there's a whole load of creditors who specifically don't want him to sell any more as we want the funds back in Bitcoin when the eventual payout comes.

Paying out in bitcoin seems to be the most fair to the extent that you had bitcoins there, and I am sure that there is a record of how your assets were held at the time that GOX went off line. I know that it was also unfair because GOX went off line when the price for BTC was a bit more than $100 on GOX while it was something like $600 across other exchanges

There has to be some way to figure out fair distribution. Even if you had 100 bitcoins and $1,000 on the exchange at the time that they closed, but if they say that in dollars they reimburse you 65% of your dollar holdings (which would be $650) and in bitcoins they reimburse you 38% of your bitcoin holdings (which would be 38 BTC), you would still come out in a much better position than if they convert all of that to some fiat value that is based on the GOX BTC price at the time of the closing, which was an artificially low price anyhow, even at that particular time.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: JayJuanGee on March 08, 2018, 12:03:00 AM

Quote from: Paashaas on March 07, 2018, 11:52:26 PM

I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.

Bullish AF!

Yeah, but I believe that GOX started with 200k BTC, and over the past 3 months, they sold about 35k BTC.. which is hardly a blip in BTC's trading volume... I think that there is fear about what they are going to do with the other 165k BTC, right? Which I doubt that they are going to announce before they do anything, such as sell, right?

At this point the MtGox trustee has almost sold enough coins to cover the entire set of claims in JPY which were made back in 2014.

I believe this is what he needs to do to cover his companies ass, once he has funds to cover all claims he doesn't need to sell any more.

In fact there's a whole load of creditors who specifically don't want him to sell any more as we want the funds back in Bitcoin when the eventual payout comes.

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: Rosewater Foundation on March 08, 2018, 02:35:46 AM

Quote from: explorer on March 08, 2018, 02:00:37 AM

Quote from: Rosewater Foundation on March 08, 2018, 01:38:36 AM

You guys play blindman's bluff until the cows come home. My eyes are wide open

BMB! WAKE UP! you're dreaming again. Same nightmare as before?

It's buff, not bluff. 'Buff' meaning a push/shove. Unless you also want to suggest that the market has been a 'damp squid' recently.

BTC was badly overbought at ~$20k. Gox coins just fed into the fall that was due already, and possibly catalysed the odd local drop. A buff in the right direction, if you like.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: BTCMILLIONAIRE on March 08, 2018, 02:48:33 AM

Quote from: HairyMaclairy on March 08, 2018, 02:42:42 AM

Oh good. Trump says gun violence is caused by video games. Glad we cleared that up. Way to go, Republicans.

Are three decades of gaming not enough or am I just not a real gamer until I go balls deep into sudoku?

Sudoku is at least a mitigating factor in homicide charges.

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: HairyMaclairy on March 08, 2018, 02:42:42 AM

Oh good. Trump says gun violence is caused by video games. Glad we cleared that up. Way to go, Republicans.

Are three decades of gaming not enough or am I just not a real gamer until I go balls deep into sudoku?

Quote from: JayJuanGee on March 08, 2018, 02:07:32 AM

Quote from: BTCMILLIONAIRE on March 08, 2018, 01:34:19 AM

Where do I sign up for a 65% discount sale?

The sale already happened.. .... don't you remember about 1 month ago - $5,920? Maybe you cannot remember because the sale was 70% rather than 65%?

Saleception please.

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: TERA2 on March 08, 2018, 02:21:29 AM

Was it all a glade?

Definitely.

Quote from: drays on March 07, 2018, 10:31:41 PM

This board is fun to read, a lot of different kind of information can be obtained here, plenty of very interesting topics, often not closely related to Bitcoin - analytics, retrospective views, news, opinions, old news which you never were aware about at the time, lots of other stuff.
At the very least, this thread is good to read to improve English skills, which suffer a lot while reading some other topics of this same forum Wink

Indeed I started to read this board to get price predictions, but then realized the predictions are the least interesting (and the least reliable too!!) part of discussions here

. The rest is much more valuable.

Keep this up, guys!

P.S. And McAffee is indeed a random guy, btw. Doesn't seem trustworthy to me, honestly.

Worry not fellow.
We are with you until the very end of time.
Sometimes we bite, sometimes we party but most of the time we don't give a shit.
Welcome

Good Morning, by the way.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Oh good. Trump says gun violence is caused by video games. Glad we cleared that up. Way to go, Republicans.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: TERA2 on March 08, 2018, 02:21:29 AM

Was it all a glade?

Why are you using the past tense?

Rosewater Foundation

sr. member

Activity: 392

Merit: 254

Quote from: explorer on March 08, 2018, 02:00:37 AM

Quote from: Rosewater Foundation on March 08, 2018, 01:38:36 AM

You guys play blindman's bluff until the cows come home. My eyes are wide open

BMB! WAKE UP! you're dreaming again. Same nightmare as before?

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

Was it all a glade?

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Here we are playing chicken with the old trendline again. Cheesy

Magnets. Its all done with magnets.

Oh yeah, longs / shorts remain solidly bearish at 1.59. No sign of a bounce yet.

On the Dark Forest chart, we continue to sit comfortably near the middle of the rolling foothills.

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: BTCMILLIONAIRE on March 08, 2018, 01:34:19 AM

Where do I sign up for a 65% discount sale?

The sale already happened.. .... don't you remember about 1 month ago - $5,920? Maybe you cannot remember because the sale was 70% rather than 65%?

Quote from: Rosewater Foundation on March 08, 2018, 01:38:36 AM

You guys play blindman's bluff until the cows come home. My eyes are wide open

The chickens come home to roost... Tongue

fuck the cow. They can stay in the pastures and fend for themselves, or get eaten by bears. Shocked

Quote from: BTCMILLIONAIRE on March 08, 2018, 02:02:42 AM

Quote from: Rosewater Foundation on March 08, 2018, 01:38:36 AM

You guys play blindman's bluff until the cows come home. My eyes are wide open

When did you flip from hodl to panic? lol

If u did not get the memo, Rosewater is on constant trigger panic alert. It's a full-time status for him, and any BTC price move of greater than 2.83% is going to nearly put him into the cupboards, with chocolate on his face. Wait, is that chocolate?

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: Rosewater Foundation on March 08, 2018, 01:38:36 AM

You guys play blindman's bluff until the cows come home. My eyes are wide open

When did you flip from hodl to panic? lol

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: Rosewater Foundation on March 08, 2018, 01:38:36 AM

You guys play blindman's bluff until the cows come home. My eyes are wide open

BMB! WAKE UP! you're dreaming again. Same nightmare as before?

Rosewater Foundation

sr. member

Activity: 392

Merit: 254

You guys play blindman's bluff until the cows come home. My eyes are wide open

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: explorer on March 08, 2018, 01:11:04 AM

Quote from: BTCMILLIONAIRE on March 08, 2018, 01:02:38 AM

Quote from: HairyMaclairy on March 08, 2018, 12:20:11 AM

165k is less than 1% of supply. If the market shits itself because of a fear that 1% of coins might be sold, then the market needs to grow up.

If volume is usually in the 10% range of the total supply then throwing an extra 1% on the market would increase volume by 10% (and thus to 11%). Let's say that of the 10% volume half is buy and half is sell pressure. If you now add 1% total supply to the sell side your sell pressure increases to 6%, which is now 20% higher than the buy pressure. This 20% figure is a bit more significant than 1% and in this case is more visible than the amount of extra coins are as a function of total supply.

tl;dr liquidity matters

And we allll know what happens when it gets turned up to eleven!

https://www.youtube.com/watch?v=KOO5S4vxi0o

Quote from: Rosewater Foundation on March 08, 2018, 01:25:13 AM

Bitcoin “market cap”: $250 billion
Sale amount required to crash Bitcoin by over 65%: approximately $0.5 billion
House of cards, anyone? When a few whales finally decide to cash out, the party is over.

Where do I sign up for a 65% discount sale?

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Quote from: Rosewater Foundation on March 08, 2018, 01:25:13 AM

Bitcoin “market cap”: $250 billion
Sale amount required to crash Bitcoin by over 65%: approximately $0.5 billion
House of cards, anyone? When a few whales finally decide to cash out, the party is over.

No, it will bounce like it has ten thousand times before - Bitcoin is Anti-Fragile. OG whales are starting to get a bit thin on the ground, Loaded notwithstanding.

Rosewater Foundation

sr. member

Activity: 392

Merit: 254

Bitcoin “market cap”: $250 billion
Sale amount required to crash Bitcoin by over 65%: approximately $0.5 billion
House of cards, anyone? When a few whales finally decide to cash out, the party is over.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14381. (Read 26709674 times)