are we rich again?
Nearly  |
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Looks like it's 'boom day' today.....
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Can anyone who is a MtGox creditor can confirm if they are actually going to get their coins in March? I’ve been hearing this for years and it almost always gets pushed back.
We're probably not getting anything until October now. There was never any March payment due, not once - if you believe that somehow either you're stupid and don't understand what's going on or you've read some FUD. The March thing was an 'enter your bank details by March 10 or you don't get paid' cut off date for payment by the end of September that's now been extended until April with a supposed payment date of the end of October. The problem is many claimants have not entered their bank / payment details. But I suspect these are all small / tiny claims which people simply can't be bothered to register. A lot of new claims came in when BTC was above $50k, now it's so low these assholes seem to be ignoring it. But this shouldn't be a problem - the trustee in charge should simply not pay these people, there is another procedure in place for them to claim their money through the Japanese government, constant delays to our repayments is begining to get annoying and it's not needed. This trustee should stick to his own deadlines, he's looking like he has no control over what's going on now. |
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I wonder where you can exchange, i.e. on which exchange
It is currently traded only on the 'Safe.Trade' exchange here : https://safe.trade/trading/evrbtcThis exchange requires no KYC or verification of any kind, I find it's very useful for quite a few altcoins which are not widely available - especially in the early days. |
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Looks good, a UTXO based defi sounds very interesting.
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Starting to eat away at that $24K resistance. I think we might see a quick hop up to $30K, but I’m still under the belief that a retest of the lows is possible when the mtgox coins are distributed. I would say that will be the time to buy, but it’s quite possible everyone else is thinking the same thing, so we’re seeing big money trying to front run retail’s re-entry by buying all throughout this dip.
Nobody really expects anything out of MtGox this year - don't believe anything you've read anywhere that tells you some kind of distribution / payout is imminent - it's definitely not. |
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Apparently it's a very zoomed in image and the 'entrance formation' is about 30cm in height - approximately 1 foot. |
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There was an announcement from the MtGox trustee today. Here's a link to the official PDF: https://www.mtgox.com/img/pdf/20211116_announcement_en.pdfFirst couple of paragraphs containing relevant information :
Notice of Confirmation Order of Rehabilitation Plan becoming Final and Binding
As we announced in the “Notice of Confirmation Order of Rehabilitation Plan” on October 20, 2021, the Draft Rehabilitation Plan (the “Draft Rehabilitation Plan”) filed by the Rehabilitation Trustee with the Tokyo District Court on February 15, 2021 was (i) approved by a large majority of rehabilitation creditors (hereinafter, the Draft Rehabilitation Plan approved by the rehabilitation creditors is referred to as the “Rehabilitation Plan”) on October 20, 2021, and (ii) on the same date, the Tokyo District Court made a confirmation order of the Rehabilitation Plan. Further, on November 16, 2021, the Rehabilitation Plan became final and binding.
The Rehabilitation Trustee would like to express sincere gratitude to all involved parties for their understanding and support, which led to the Rehabilitation Plan becoming final and binding.
This has been a FUD event, people have been speculating that the MtGox coins are all going to be distributed on Nov 20th, what happened today was expected to happen on Nov 20th. It's a simple legal procedure, now the long process of the trustee collecting bank account details, choosing which exchanges are doing to be used for distribution will begin at some point. For all we know they haven't even developed the website software to allow this to be processed, now they have the go ahead from the court to do so. As a creditor I expect nothing until what will likely be June/July 2022 and that's me being optimistic. |
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Seeing prices higher than $67.3k
On the up!
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Pumpety pump
Going up! Currently just above $63.1k on Bitstamp. |
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In 2013 Michael Saylor said "Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling". He changed his mind? Or just a good poker player telling us Bitcoin is future and at the end will hammer Bitcoin once he got out?
C'mon, clearly he'll say whatever helps make his investors more money. That's all he's ever done. Not really, he was clearly very wrong back in 2013, pity he took so long to change his mind as he could have many times more coins right now for a fraction of the cost. |
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.... this is hilarious, after more than a century of fractional reserve banking where most bank accounts held less than 10% reserves the "regulators" are suddenly all about enforcing full reserve banking for digital stablecoin accounts ... roll on Full Reserve Banking, the way of the future ... not to mention that while the corrupt CFTC has been watching gold and silver commodity markets have turned into the farce of having less than 1% physical reserves backing the massive pile of paper derivative promises issued in the markets the CFTC 'regulates' Not only that, if the bank account name wasn't 'Tether' then they didn't include the money in the reserve, there was a new tweet in the last 10 minutes or so..... |
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This is why I don’t pay attention to any of these analysis. That guy from Big Short told everyone when BTC was at $28K that it was going to break and go down and instead the complete opposite happened. People followed him and probably lost money going short or too profits too early. This is why you shouldn’t listen to any of these people.
Exactly! |
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This was a bullish prediction by Bollinger on October 2 when it was tweeted - the price was around $48k on October 2.
Those reading it today might miss that as it's long out of date - things move pretty fast around here...
It's not about a dip at all - it's about the current rise and he was spot on as well!
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A lot of you guys are missing the context on the very long running Proudhon posts. He's been posting here for as long as I can remember, likely before I joined back in 2012. The running joke / laugh used to be that at times of uncertainty Proudhon would stop by, especially in the 'Wall Observer' topic and confirm that the top is in and we're never going to see the likes of $100 again - ever! He was always regarded as a contrarian - whatever he said - the opposite happened. Only once do I recall him saying the 'bottom bottom' is in and that was when it hit about $55 after the 2013 crash down from about $260 on MtGox - he was 100% correct on that call - it never went that low again. Considering that, when Proudhon appears at a time of uncertainty it is a bullish indicator / omen but I guess you would have had to be here in 2012 / 2013 to fully realise that. This is why I like to see a Proudhon post....they do have meaning  |
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Yeah, when people like this casually say they have a few they're not talking about a few coins, they're talking about a few percent of all the coins  |
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October will end lower than it began. Confirmed. You heard it here first.
Bullish |
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Yes. I was exactly thinking about this these few days.
TA looks bearish but onchain analysis looks bullish.
Wonder which one will play out.
Given enough time...both |
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Someone being "bitcoin whimp" in the past is OK and would not matter in the slightest when btc would be at $0.5mil (gold parity) if you started smallish and DCAed for a while. One the other hand, 'front-running' the whimp could be sweet too In order for gold parity to come I believe the gold market will tank real hard so when it happens the market cap of gold will have reduced massively, like 50% for example. Due to this it will happen far quicker than anyone realises as gold races down in price while Bitcoin rises at the same time as people pull money out of gold and put it into Bitcoin. At some point they will meet somewhere in the middle and it will be way lower than half a million a coin. I'm going to name this 'The Bitcoin/Gold Cross' - when it crosses the gold market cap.... |
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Damn, with Lord Rothschild as the largest shareholder and him being 85 years old that's quite a precedent to set for a guy of his age! |
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