Bitcoin Forum
November 18, 2017, 04:31:07 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: When MTGOX creditors are given remaining BTC/fiat what will happen?  (Read 2538 times)
smoothie
Legendary
*
Offline Offline

Activity: 2072


LEALANA Monero Physical Silver Coins


View Profile
September 20, 2015, 05:06:53 AM
 #1

Speculate.  Grin

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Holliday
Legendary
*
Offline Offline

Activity: 952



View Profile
September 20, 2015, 05:25:37 AM
 #2

They will find new and interesting ways to lose it.

If you aren't the sole controller of your private keys, you don't have any bitcoins.
Fiat_Hodler
Full Member
***
Offline Offline

Activity: 196


View Profile
September 20, 2015, 06:48:38 AM
 #3

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
Legendary
*
Offline Offline

Activity: 896


View Profile
September 20, 2015, 09:57:13 AM
 #4

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
Legendary
*
Offline Offline

Activity: 1269


☑ ♟ ☐ ♚


View Profile
September 20, 2015, 12:15:27 PM
 #5

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

▂▃▅▇█▓▒░BTC-Cultist░▒▓█▇▅▃▂
gentlemand
Legendary
*
Online Online

Activity: 1456


Hello You


View Profile
September 20, 2015, 12:23:15 PM
 #6

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

farting_shot
Full Member
***
Offline Offline

Activity: 170


View Profile
September 20, 2015, 12:59:30 PM
 #7

Nothing will happen. As usual.
ilikemandarin
Full Member
***
Offline Offline

Activity: 150



View Profile
September 20, 2015, 01:00:10 PM
 #8

Never i'm afradi.
That was a very bad story.
LMGTFY
Hero Member
*****
Offline Offline

Activity: 644



View Profile
September 20, 2015, 01:07:48 PM
 #9

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.


This space intentionally left blank.
Shiver
Sr. Member
****
Offline Offline

Activity: 246


View Profile
September 20, 2015, 06:20:55 PM
 #10

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
Legendary
*
Offline Offline

Activity: 2072


LEALANA Monero Physical Silver Coins


View Profile
September 20, 2015, 06:29:42 PM
 #11

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

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
pitbully2000
Member
**
Offline Offline

Activity: 102


View Profile
September 20, 2015, 07:17:55 PM
 #12

They'll find that most of it was eaten to pay for the honour of bankruptcy. What remains, hookers and blow.
^^^
What he said Smiley
Auxi
Sr. Member
****
Offline Offline

Activity: 378



View Profile
September 20, 2015, 07:23:45 PM
 #13

The big dump ever, now... they hate bitcoin
Mickeyb
Hero Member
*****
Offline Offline

Activity: 798

Move On !!!!!!


View Profile
September 20, 2015, 08:32:42 PM
 #14

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
Legendary
*
Online Online

Activity: 1456


Hello You


View Profile
September 20, 2015, 08:41:50 PM
 #15

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_
Sr. Member
****
Offline Offline

Activity: 434



View Profile
September 24, 2015, 09:37:49 AM
 #16

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.  

Do you agree that there is a huge gap between crypto world and traditional world.. We're launching an ICO that will change this: https://bitcointalk.org/index.php?topic=2212650.msg22292459#msg22292459
tsoPANos
Hero Member
*****
Offline Offline

Activity: 560

Don't let them take away your potential. Fight.


View Profile
September 24, 2015, 09:57:08 AM
 #17

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.  
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_
Sr. Member
****
Offline Offline

Activity: 434



View Profile
September 24, 2015, 10:07:53 AM
 #18

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.  
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...

Do you agree that there is a huge gap between crypto world and traditional world.. We're launching an ICO that will change this: https://bitcointalk.org/index.php?topic=2212650.msg22292459#msg22292459
gentlemand
Legendary
*
Online Online

Activity: 1456


Hello You


View Profile
September 24, 2015, 01:12:24 PM
 #19


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
Sr. Member
****
Offline Offline

Activity: 306


View Profile
September 24, 2015, 03:35:57 PM
 #20

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.  
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

Quote
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.
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!