There are always 2 faces in the same coin. IMHO, Bitcoin NEEDS regulation if we're heading for bigger things. Let's see how this evolves, since it's a critical point towards mass adoption.

Thanks Yunus. If I recall correctly I had 3 Bank accounts back then; and I really can't remember which one I have declared to them. Anyway; if they want more info then I can provide it to them.

Cheers.

I expect this to be true. I also expect a lot of people won't bother filing a claim at all. The reasons might be:

1. Lack of interest because of low balance (accounts with < 1 BTC balance)
2. Lost credentials (study states that 3 out of 10 won't remember what their login AND pass was after 1 year)
3. Ghost accounts (ie: accounts that were used only for pump n dump purposes; internally-or-externally of MtGox)

In any case I expect a great change in charts. Kraken will get a significant position among the current exchanges. They maybe even lead the next big rally prior to the 2016 halving. I bet they'll have the ability to do it and (marketing-wise) they surely proved they're after it. Interesting times folks. Best of luck to us all.

This will require the claim process to be over (Sept. 9) and then the people involved will judge which are eligible to receive funds and which are not. The official word from the Kraken CEO on reddit though specifies that no more than 20% should be expected (fiat & BTC). Better from nothing, but still...

Don't expect those 200k will be dumped after receival. Most users (including myself) won't bother at all or just add them to their cold wallets. The fraction of coins traded though will be rather difficult not to be a moving factor for the price. This is far away on my chart though. For now the mini pump seems to be over btw... Pity...

I don't know for sure; I believe they will tend to follow the trading "shares" paradigm from which the creditors can "boost" their credit as a "gift" for their trust. I can't really say.

DutchTrades:
Yes; it was expected today. I think that I've read somewhere that "It will be a very steep way up" if it starts for real. I think I've mentioned a lot of times that any upcoming rally should have the MtGox parameter inside it. We're in the middle of a transition here with (possibly) Kraken taking that role. It's not a coincidence, it was expected. Let's see if they can handle the load. Let's hope they can. They bought the whole infrastructure from MtGox.

Now all they need is their customers.

I'd definitely wouldn't care trading; but in the case of Kraken if they grant me with a nice amount as promised for letting them claim my funds; well... I'll be seriously tempted. Most of us thought that this was a lost case, so what the heck?

Of course they know where they're getting into!!! It's a very nice opportunity to become the next MtGox (customer wise)...

You can rule this possibility out. The MtGox worked on fractional reserve (that means from the 800,000 allegedly "existing" btcs only 200,000 were found). Also the fiat will be used to pay for other things as well (ie: legal process, investigators etc). I estimate only 1/4 to 1/5 of my original BTC reserve back and you should do the same; if it's more then it's good for us... if not, we don't get (too much) frustration.

Hi Dargo.

Just filled in my MtGox claims with you. I have one question if you can answer it; I can't remember if I've sent them (MtGox) my bank account info (nor which was it) but filled in all the other info for you; would that be a problem?

Thanks.

PS: Only got some BTCs in there - no cash at all.

I just did it buddy. They know who I am and they offer up to 1M in trading. I don't think it can get any better than this...

There's a way for that. You're required to create a new pass for the claims process anyway (there's a strong factor authentication routine inside too) so I believe he won't be having any problems.

I believe that the current pump has to do with MtGox withdrawal process. Here's more info: https://bitcointalk.org/index.php?topic=179586.msg11161910#msg11161910

Some good news:
MtGox claim process has been initiated!

Just received this from Kraken.


Edit:
I've just enrolled with Kraken for the refund. The process is pretty straight forward, it requires your Username & Pass for MtGox & Personal Info and also forces you to change the password (ie: create a new one) for the MtGox claim site.

Good luck to everyone!

No one can tell for sure - except he has eyes on the order book. I could bet though that this was not a bunch of "regular" buys and sells if you like. Small fish couldn't have lift such a high bid rate in such a small time. This is definitely a whale (or more) and I can assure you they're Loaded.

I don't think it was China this time. Huobi just pushed 1500 so far while Finex keeps pushing market orders up to 8600 BTCs. That's a new!!!

Finex


Edit: 8000 and counting as we speak!

WOW! 6000 BTC market buy and rising!!!!!

Ok. Let's get the facts straight.

1. There were legitimate accounts with all their data verified, even received their physical "MtGox Keys".
2. There were some accounts that were NOT verified, yet again they were able to transact and their accounts were active with real BTC/Money.
3. There were the ghost accounts like Willy and Markus bots which were used by someone to pump and dump the price in order (if we believe the report that recently went out) to manipulate the virtual BTCs and get some Real ones because the MtGox was working on fractional reserve.

Cases #1 and #2 were actual accounts that (even if the 2nd was not verified by the owner) are -even now- able to be matched as non-zero and their transactions could be verified by the log files. The key here is that those accounts should have -at some point, at least once- withdrawn and/or deposited to some other external account. This would have been visible on the ledger and thus would have been verifiable by the time and date of the logged transaction.

In the (rare?) case that the 2nd type of account cannot verify their transactions fall directly to type #3 account.

TL;DR:
We ought to make clear what's real and what's not. There are people for that, doing that for a living; most possible Kobayiashi has them working for him and up until now, got the aforementioned data in his hands as we speak (or he will at some point at the future). For the *REAL* accounts there should be *REAL* rewards as they deserve it. For the fake ones we just forget about it.

PS:
The above expresses just my personal thoughts and nothing more.

You're right; eventually bears or bulls we're all here for the same reason. More BTCs. I agree that mid 2016 will be a nice time for a mega-rally. I strongly believe though, that the next "bubble" will come earlier. I've once predicted that it'd happen at about this time (April 2015). I later changed my prediction to last August (was awfully wrong). My first call was in something that I had in mind back then - the MtGox salvation. I believed back then that it would've been the most prominent catalyst towards a great rally. Now I don't think so...

Seems that I was wrong at both of my predictions. Tough luck, I suppose.

True point. "Sell in May and get away". But don't forget that BTC tends to do opposite things than predicted. Nine out of ten times this is the case. While things seem to eradicate, there's that moment that the reversal starts. I'm not getting delusional here, just pointing out what the story has proven so far if you check the facts.  

I don't believe in TA's but things are not necessarily bearish in my opinion. As predicted earlier in this thread (also visible on the chart) May's the time. Not long before we see some real action; do you really think that we're going down after 1 year of decline? The way I see it, bears are running out of time... buy now or get burnt.