When MTGOX creditors are given remaining BTC/fiat what will happen?

[smoothie]

Speculate. 

[1714946268]

1714946268

[1714946268]

1714946268

[Holliday]

They will find new and interesting ways to lose it.

[Fiat_Hodler]

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.

[randy8777]

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.

[Hunyadi]

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

[gentlemand]

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

[farting_shot]

Nothing will happen. As usual.

[ilikemandarin]

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

[LMGTFY]

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.

[Shiver]

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?

[smoothie]

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.

 

[pitbully2000]

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

^^^
What he said

[Auxi]

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

[Mickeyb]

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.

[gentlemand]

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.

[gotmilk_]

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.

 

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

[tsoPANos]

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.

 

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

What do you mean?
No we aren't speculators. We are mid-adopters who got betrayed by our faith in centrally controlled financial institutions.

[gotmilk_]

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.

 

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

What do you mean?
No we aren't speculators. We are mid-adopters who got betrayed by our faith in centrally controlled financial institutions.

When MtGox suspended USD deposits/withdraws that was a clear sign for leaving it. Even after they suspended EUR/PLN/JPY deposits/withdraws users have enough time to withdraw coins.
Sorry but those who left coins on MtGox after those events are speculators for me...

[gentlemand]

Sorry but those who left coins on MtGox after those events are speculators for me...

Degenerate gamblers in its death throes. During its final seizures there were people wiring thousands of dollars to obtain 'cheap coins'.

When I first got interested in BTC it was screamingly obvious that Gox was a heap of shit, even when it appeared healthy. I had zero interest in going anywhere near it with two minutes of googling.

It just goes to show how far removed Bitcoiners were from real life when a site that fucking creaky and shitty was considered the Fort Knox of coinland.

[biggus dickus]

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.

 

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

What do you mean?
No we aren't speculators. We are mid-adopters who got betrayed by our faith in centrally controlled financial institutions.

When MtGox suspended USD deposits/withdraws that was a clear sign for leaving it. Even after they suspended EUR/PLN/JPY deposits/withdraws users have enough time to withdraw coins.
Sorry but those who left coins on MtGox after those events are speculators for me...

I thought Gox abruptly stopped all Bitcoin withdrawals in response to the transaction malleability bug over a month before it went bankrupt. According to a Gox press release users could still withdraw EUR/PLN/JPY after Bitcoin withdrawals were stopped, although I think Gox had a monthly limit on fiat withdrawals.

I know that Gox was selectively delaying fiat withdrawals for months before it went bankrupt. Nonetheless users probably stood a better chance of withdrawing fiat than Bitcoins after transaction malleability.

http://www.businessinsider.com/mtgox-statement-on-withdrawals-2014-2?IR=T

Dear MtGox Customers and Bitcoiners,

As you are aware, the MtGox team has been working hard to address an issue with the way that bitcoin withdrawals are processed. By "bitcoin withdrawal" we are referring to transactions from a MtGox bitcoin wallet to an external bitcoin address. Bitcoin transactions to any MtGox bitcoin address, and currency withdrawals (Yen, Euro, etc) are not affected by this issue.