When MTGOX creditors are given remaining BTC/fiat what will happen? - page 2.

gotmilk_

sr. member

Activity: 442

Merit: 250

Quote from: smoothie on September 20, 2015, 01:29:42 PM

People who lost money with MTGOX are probably hurting right now financially so I would think they would cash out what they can just to pay bills etc.

Some people probably have families and this hit them hard.

Angry

O c'mon. They had more than half of a year to take their coins out. Only speculators lost coins because of MtGox.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Well, if it were me, and thankfully it wasn't, I would've already written those coins off in my mind and anything that does arrive is a sweet bonus. That being the case I'd buy myself a wee treat or two and then park the rest for the long haul.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Half of them will sell, half of them will hold and maybe wait to dump on the price rise, possibly at the level where they got in.

All of these are things that Bitcoin must survive if it's meant to be anything huge in the future. This is the way I see it. Also this returning of funds should take place next year if I am not mistaking, I hope we will see a rise in price because of the halving until then.

Auxi

sr. member

Activity: 378

Merit: 250

The big dump ever, now... they hate bitcoin

pitbully2000

member

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Merit: 10

Quote from: gentlemand on September 20, 2015, 07:23:15 AM

They'll find that most of it was eaten to pay for the honour of bankruptcy. What remains, hookers and blow.

^^^
What he said

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Quote from: randy8777 on September 20, 2015, 04:57:13 AM

they have not much choice other than to hold it. don't think most of the people will sell as they see it somewhat as a gift as a lot of them already gave up.

Honestly from a purely empathetic point of view...

People who lost money with MTGOX are probably hurting right now financially so I would think they would cash out what they can just to pay bills etc.

Some people probably have families and this hit them hard.

Angry

Shiver

sr. member

Activity: 248

Merit: 252

When it looked like something was wrong with their behaviour I moved out 80% of my holdings that were in their hands elsewhere, and the remaining 20% I asked for in cash (well, money), just to test it. I got the BTC portion, but never got the cash portion. It was an amount that is a long time ago and water under the bridge, and not life changing. I did file a claim, though I have little hope of seeing any of it really.

Edit: I've been wondering for a while, if you had a very substantial amount of assets, where is safe to keep it these days, even if you're not looking for interest, but absolute security?

LMGTFY

hero member

Activity: 644

Merit: 503

Quote from: gentlemand on September 20, 2015, 07:23:15 AM

They'll find that most of it was eaten to pay for the honour of bankruptcy. What remains, hookers and blow.

Well, there's good news and bad news.

The good news is - of the money recovered, there's $10 million left after expenses.

The bad news is - the bankruptcy trustee has decided to allow himself more time to ~~burn through the remaining $10 million~~ investigate claims.

ilikemandarin

full member

Activity: 150

Merit: 100

Never i'm afradi.
That was a very bad story.

farting_shot

full member

Activity: 318

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Nothing will happen. As usual.

gentlemand

legendary

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Welt Am Draht

They'll find that most of it was eaten to pay for the honour of bankruptcy. What remains, hookers and blow.

Hunyadi

legendary

Activity: 1281

Merit: 1000

☑ ♟ ☐ ♚

Is it possible they get their btc or fiat back? I have not followed this matter.

randy8777

legendary

Activity: 896

Merit: 1000

they have not much choice other than to hold it. don't think most of the people will sell as they see it somewhat as a gift as a lot of them already gave up.

Fiat_Hodler

full member

Activity: 196

Merit: 100

Quote from: Holliday on September 20, 2015, 12:25:37 AM

They will find new and interesting ways to lose it.

I laughed but I know I shouldnt have.

They will probably hodl since they purchased at much higher prices.

I think that is what happened with many chinese investors who bought in at the 1k price. They are waiting to dump as soon as the price rises to the old value. IF we sit on the current low price for long enough they will slowly give up hope and dump. Then when there is a rise there will be less BTC dumpers.

Holliday

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