Imagine it. "I can imagine quite a bit." - Han Solo |
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A publicly known future event is usually considered to be priced in. It's not a buy signal.
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it seems that the most btc providers are expanding their business operations. New ones are replacing the old, failed ones. Overall activity doesn't seem to be up. |
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There is no incentive to shop with btc. There needs to be discounts for people to go through the trouble of buying bitcoins.
Newegg tried that and gave it up. See http://www.newegg.com/bitcoin. |
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Bitcoin estimated transaction volume, USDBitcoin transaction volume in US dollars is surprisingly flat, and has been for the last year. Occasionally there's a day with a transaction volume spike, but that's frantic trading, not usage. While the number of Bitcoins involved in transactions is up, that's because the price of Bitcoins is going down.
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The thing is I remember people saying that they are trying to return the coins as they are. I don't think that the market capitalization is high enough to liquidate all the coins. If they really liquidate everything there wouldn't be enough to pay back creditors.
Of course there won't be enough. Otherwise Mt. Gox wouldn't be bankrupt. The general idea is that the bankruptcy trustee accepts claims and adds them up. For this purpose, all claims are converted to yen as 1 Bitcoin = USD483 = JPY50,058.12, the exchange rates on the day the bankruptcy commenced. The claims are added up. Then the trustee adds up what they can get for all the assets that are left. Total claims / total assets yields the fraction at which claims will be paid. You might be able to ask to be paid in Bitcoins, but if you get some Bitcoins, the conversion price will be as of the date of the distribution, not the date of the bankruptcy, so it won't matter. For a sense of how this works in practice in the US, see http://www.madoffrecovery.com. Japan isn't as transparent, but takes basically the same approach. |
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This guy is completely joke, check his post history. Yeah you opened your support ticket after only 2 weeks. Lol.
He only wants you to panic and sell. Probably he is shorting.
His recent posting history doesn't show complaints about withdrawal problems. Any sign of withdrawal problems at a Bitcoin exchange has to be taken very seriously. Over half of all Bitcoin exchanges have failed, after all. Bitstamp's US address is a house. |
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You don't have to use Kraken. There are three options. listed at http://www.mtgox.com/img/pdf/201504_faq_en.pdf, which is operated by the bankruptcy trustee. 1. Use the bankruptcy trustee's online system. 2. File on paper with the Tokyo court, in Japanese. 3. Use the Kraken system. Option 1 is probably the best. You get paid in yen. Debts denominated in Bitcoins will be converted to yen at the price of Bitcoin the day before the bankruptcy was filed, 1 Bitcoin = $483 = 50,058.12 yen. That's the way bankruptcy works. Everything gets liquidated down to the local currency and creditors are paid from that. You don't want to be paid in Bitcoin anyway, since the price has crashed since the bankruptcy and is way below $483 now. |
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PACER accounts are free until you spend at least $15/quarter. It does require a credit card to register. Register for PACER. Try Justia first. That's free and covers most recorded US court decisions and opinions. PACER, which is the US federal courts' internal tracking system, has all that plus all the procedural stuff as a case goes through the system. |
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It's an anticipated event, so it should already be built into the current price.
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Yes I am a firm believer that bitcoin value is based on cost of production. Bitcoin doesn't work that way. Remember how difficulty adjusts to keep the Bitcoin production rate constant. Adding more total hash power does not yield more Bitcoins. This is not like other forms of production. |
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How many of the board members of the Bitcoin Foundation over time have been convicted criminals?
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Bitcoin's bubbles are smaller than they used to be. Now they last about a week, with maybe a 20% price change.
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Short history of Bitcoin:
2012: What?
2013: Wow!
2014: Aargh!
2015: Meh.
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Remember, the Winkelvoss ETF is a dump. They bought a lot of Bitcoins a long time ago. The ETF is a way for them to sell without crashing the price.
Of course, in retrospect they would have done better if they'd just sold off their Bitcoins back in 2014.
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At some point when the new ETF and exchanges start opening up for business and as wealthy onlookers and hedge funds start coming on board... When the pros come in, it's to take money out, not put money in. Always remember, Bitcoin is zero-sum. If you've been in the game for half an hour and don't know who the patsy is, you're the patsy. |
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No, it's not safe. Over half of Bitcoin exchanges have failed, usually taking the coins with them.
It doesn't matter how good they seem to be. A lot of exchanges looked safe and reliable right up until you couldn't withdraw.
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