Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 388.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: philipma1957 on October 09, 2024, 08:19:42 AM

Quote from: Maslate on October 09, 2024, 07:05:32 AM

Quote from: Btcalysis on October 09, 2024, 06:14:41 AM

Is the money to be credited in bitcoin?

No, it’s going to be in fiat because the $16 Bilion recovered was a mix of fiat, crypto, and real properties. The judge decided to settle everything in fiat, based on the value at the time they declared bankruptcy.

So have they converted all coins to cash?

Or they are waiting for the bull run to do it - because why not wait and get the most out of everything when they obviously don't have a deadline by which they have to start making payments. At the end of the day, all those who are impatient should not worry too much about waiting another month, because if this had happened in Japan, they would certainly not have received anything in this decade.

In addition, Bankman enjoys good company in his new accommodation - and that is probably the greatest satisfaction for everyone

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com

d_eddie

legendary

Activity: 2520

Merit: 3038

Hey buddy what's wrong with you?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: philipma1957 on October 09, 2024, 08:19:42 AM

Quote from: Maslate on October 09, 2024, 07:05:32 AM

Quote from: Btcalysis on October 09, 2024, 06:14:41 AM

Is the money to be credited in bitcoin?

No, it’s going to be in fiat because the $16 Bilion recovered was a mix of fiat, crypto, and real properties. The judge decided to settle everything in fiat, based on the value at the time they declared bankruptcy.

So have they converted all coins to cash?

It’s most likely because the court ordered payments to be made in fiat. This is key for accounting, as it locks in a fixed value. According to reports, the estimated total payout to users is about $12 billion, meaning the recovered amount was more than enough to cover everyone.

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

Quote from: Maslate on October 09, 2024, 07:05:32 AM

Quote from: Btcalysis on October 09, 2024, 06:14:41 AM

Is the money to be credited in bitcoin?

No, it’s going to be in fiat because the $16 Bilion recovered was a mix of fiat, crypto, and real properties. The judge decided to settle everything in fiat, based on the value at the time they declared bankruptcy.

So have they converted all coins to cash?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: Btcalysis on October 09, 2024, 06:14:41 AM

Is the money to be credited in bitcoin?

No, it’s going to be in fiat because the $16 Bilion recovered was a mix of fiat, crypto, and real properties. The judge decided to settle everything in fiat, based on the value at the time they declared bankruptcy.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com

Ambatman

sr. member

Activity: 518

Merit: 433

Playbet.io - Crypto Casino and Sportsbook

Quote from: LFC_Bitcoin on October 09, 2024, 06:02:59 AM

Seems Uptober has been put on hold for now. The US Government has been given approval by courts to sell 69,000BTC that was confiscated from Silk Road over a decade ago.

I can’t help but feel suspicious that every time we look close to break out, something like this happens. 69,000BTC will be absorbed by the market, no doubt. Very suspicious timing though, this is where my inventive mind comes into play. Revenge and pettiness by Democrats with one last **** you to crypto friendly Republicans? I mean why rush through selling 69,000BTC when it’s likely they might not even be in power in 4 weeks time.

Or is this on orders from the likes of Blackrock, because the are running out of OTC sellers and this is the only way to satisfy demand, whilst keeping prices down at the same time?

Regardless, resistance is futile, the inevitable can only be delayed short term, $200,000+ per coin by end of 2025.

We survived Mt GOX, we can survive this
I doubt they would hold on to the Bitcoin after election
So the auction would be taking place any time before the election.
Recall Trump if I ain't mistaken wants to turn seized Bitcoin to a strategic reserve.
The democrats wouldn't want such decision to fall on the republican.

Well this ain't their first auction, but it's quite annoying seeing things just coming up in delaying an inevitable take off.
I think there would be some freedom and balance after the election.

cygan

legendary

Activity: 3402

Merit: 9199

icarus-cards.eu

Btcalysis

newbie

Activity: 18

Merit: 10

Quote from: OgNasty on October 08, 2024, 01:01:41 PM

Sounds like the FTX money won’t be going out to users until mid-December if my news is accurate. That may delay the next leg up for another 2 months and have people in a panic about the lack of Uptober. Nothing has changed though. The rocket is still destined for a Moon landing in the second half of 2025. This is just an opportunity to get yourself a better seat or convince some friends and family to tag along.

Is the money to be credited in bitcoin?

The news I read said property.

Quote from: https://www.cnbc.com/2024/10/07/ftx-bankruptcy-judge-approves-more-than-14-billion-payback-plan.html

The company says it has collected between $14.7 billion and $16.5 billion worth of property for distribution.

This news said it will be in fiat

Quote from: https://www.investopedia.com/ftx-s-new-plan-could-see-almost-all-customers-get-back-more-than-they-lost-on-the-crypto-exchange-8645251

FTX forecasts that the total value of assets collected, converted to cash, and available for creditors will be between $14.5 billion and $16.3 billion. FTX owes more than $11 billion to its customers.

This shouldn't have any effect.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Seems Uptober has been put on hold for now. The US Government has been given approval by courts to sell 69,000BTC that was confiscated from Silk Road over a decade ago.

I can’t help but feel suspicious that every time we look close to break out, something like this happens. 69,000BTC will be absorbed by the market, no doubt. Very suspicious timing though, this is where my inventive mind comes into play. Revenge and pettiness by Democrats with one last **** you to crypto friendly Republicans? I mean why rush through selling 69,000BTC when it’s likely they might not even be in power in 4 weeks time.

Or is this on orders from the likes of Blackrock, because the are running out of OTC sellers and this is the only way to satisfy demand, whilst keeping prices down at the same time?

Regardless, resistance is futile, the inevitable can only be delayed short term, $200,000+ per coin by end of 2025.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ