Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[JayJuanGee]

Just received an actual paper offer for outstanding Mt.Gox claims.

$900/BTC

edit/

Dear Creditor

I manage an investment vehicle which has been buying Mt.Gox creditor claims.  Our investors are long-term oriented, so they are comfortable holding on until the matter is resolved in Japanese court.  I'm particularly interested in Mt. Gox because I am a cryptocurrency investor personally.  I flew out to Japan to attend the creditors meeting in March, and based on our research we've set a price for claims which we think is fair to creditors and fair to our investors.

We review each claim individually, but we are now generally able to offer $900 per BTC claim, or roughly 200% of the bankruptcy value (which was $451 per BTC claim). We can pay that in Bitcoin, or any fiat currency of your choice.  Our payment would be made within 10 business days of the claim transfer confirmation.

Based on the above, the estimated value of your claim would be $(redacted).

Please reach out if you're ready to discuss selling your claim.  We are planning to purchase claims until July 31, so please get in touch as soon as possible via email at (redacted).

Note that this is subject to the disclaimers and confidentiality provision below.

Thank you,

(redacted)

whatcha gonna doooo?

I’ll give you $901/BTC

The bid is $901

 

Oh?   Taking bids?

[1714772884]

1714772884

[1714772884]

1714772884

[Biodom]

Interesting. What is the NAV of these claims? Didn't they recover 250K BTC out of 800K?
So, you are basically entitled to roughly (2.5/8)X11.5K=$3.59K in btc
However, inept Kobayashi probably sold some at the lower price that today's.
Anyway, Fortress makes a very low offer (just 25% of the claim's fair value, and not more that 35%).
cough-bastards-cough

[jojo69]

whatcha think?

[Arriemoller]

Before I forget to tell

World news today

Bought ourselfs a new HODLnest to HODLcrash in

Damn 3-4 months before delivery but thats fine Lets HODLsleep the rest out of the old one first

Congratulations!!

Many good news this weekend.

[Searing]

Just received an actual paper offer for outstanding Mt.Gox claims.

$900/BTC

edit/

Dear Creditor

I manage an investment vehicle which has been buying Mt.Gox creditor claims.  Our investors are long-term oriented, so they are comfortable holding on until the matter is resolved in Japanese court.  I'm particularly interested in Mt. Gox because I am a cryptocurrency investor personally.  I flew out to Japan to attend the creditors meeting in March, and based on our research we've set a price for claims which we think is fair to creditors and fair to our investors.

We review each claim individually, but we are now generally able to offer $900 per BTC claim, or roughly 200% of the bankruptcy value (which was $451 per BTC claim). We can pay that in Bitcoin, or any fiat currency of your choice.  Our payment would be made within 10 business days of the claim transfer confirmation.

Based on the above, the estimated value of your claim would be $(redacted).

Please reach out if you're ready to discuss selling your claim.  We are planning to purchase claims until July 31, so please get in touch as soon as possible via email at (redacted).

Note that this is subject to the disclaimers and confidentiality provision below.

Thank you,

(redacted)

I think that period to do this has passed. Seems I remember right after some guy buying such stuff up, but I think it was stopped.

You sure this is not some kinda scam offer?

seems fishy to me, in that mt. gox will likely pay you back the fraction in USD at the point of the sending as usd=btc at that time.

don't get it

brad

[JayJuanGee]

whatcha think?

Just let your GOX claim play out.  You have hung onto your claim for this long, so why not just wait it out?

At least you have a better chance of recovery (some day) of your GOX coins than my WEX coins.

I consider my WEX coins to have about .003521749312% chance of recovery, and your GOX coins likely have greater than a 50% chance of recovery, even though you may only receive 30% of the value of your GOX coins, at best, (which still seems to add up to more than $900 per coin, the last time that I checked).

In the current situation, we can calculate the value of your GOX coins as this:  current price of $11, 400 x 50% = $5,700   & then $5,700 x 30% = $1,710....

so the punchline is perhaps that you should NOT to take too much less than $1,710 per BTC for any current offer, unless you figure out that the odds are much different than my rough estimated odds.

You sure this is not some kinda scam offer?

seems fishy to me, ............
brad

Actually, brad (searing) may have made a decent point too.  How do you know that your offer is not a scam?  Hairy's offer is likely more real, but how would you make a clear contract with Hairy or with anyone else regarding your transferring of your interest in your GOX coins that would be legally binding?

[HairyMaclairy]

whatcha think?

Just let your GOX claim play out.  You have hung onto your claim for this long, so why not just wait it out?

At least you have a better chance of recovery (some day) of your GOX coins than my WEX coins.

I consider my WEX coins to have about .003521749312% chance of recovery, and your GOX coins likely have greater than a 50% chance of recovery, even though you may only receive 30% of the value of your GOX coins, at best, (which still seems to add up to more than $900 per coin, the last time that I checked).

In the current situation, we can calculate the value of your GOX coins as this:  current price of $11, 400 x 50% = $5,700   & then $5,700 x 30% = $1,710....

so the punchline is perhaps that you should NOT to take too much less than $1,710 per BTC for any current offer, unless you figure out that the odds are much different than my rough estimated odds.

You sure this is not some kinda scam offer?

seems fishy to me, ............
brad

Actually, brad (searing) may have made a decent point too.  How do you know that your offer is not a scam?  Hairy's offer is likely more real, but how would you make a clear contract with Hairy or with anyone else regarding your transferring of your interest in your GOX coins that would be legally binding?

You get a Japanese lawyer to make you a claim transfer agreement which gets signed by Hairy and Jojo.  The trustee guy then gets shown a copy of the transfer and registers Hairy as the beneficiary.

[RapTarX]

I need the cool hat  please.

[JayJuanGee]

whatcha think?

Just let your GOX claim play out.  You have hung onto your claim for this long, so why not just wait it out?

At least you have a better chance of recovery (some day) of your GOX coins than my WEX coins.

I consider my WEX coins to have about .003521749312% chance of recovery, and your GOX coins likely have greater than a 50% chance of recovery, even though you may only receive 30% of the value of your GOX coins, at best, (which still seems to add up to more than $900 per coin, the last time that I checked).

In the current situation, we can calculate the value of your GOX coins as this:  current price of $11, 400 x 50% = $5,700   & then $5,700 x 30% = $1,710....

so the punchline is perhaps that you should NOT to take too much less than $1,710 per BTC for any current offer, unless you figure out that the odds are much different than my rough estimated odds.

You sure this is not some kinda scam offer?

seems fishy to me, ............
brad

Actually, brad (searing) may have made a decent point too.  How do you know that your offer is not a scam?  Hairy's offer is likely more real, but how would you make a clear contract with Hairy or with anyone else regarding your transferring of your interest in your GOX coins that would be legally binding?

You get a Japanese lawyer to make you a claim transfer agreement which gets signed by Hairy and Jojo.  The trustee guy then gets shown a copy of the transfer and registers Hairy as the beneficiary.

Sounds reasonable.  Now everyone knows, so they should be able to calculate whether such claim transfer would be worth more than $901 per BTC to them, and thus be able to make an offer, if so willing, and Jojo can decide his present value on those BTC, as well - accounting for the fact that making such a proposed claim transfer agreement would not be free, either.

[Syke]

Here's my estimate:

MtGox has 141,686.35 BTC. They've approved 802,521 BTC in claims. Estimated payout is 17.6% BTC, or roughly $2000 USD at this time. Fiat claims complicate this estimate, but I think their fiat holdings cover the fiat claims.

[HairyMaclairy]

These folks aren’t running a charity.

They probably think the offer is above your dollar cost average and they can take the rest of the upside. 

Are you seriously thinking of selling ?

[JayJuanGee]

It is a legit offer.

These folks are associated with the law firm that was working on the US class action.

O.k.  So probably their offer already includes any legal fees that might be present in order to create a valid transfer / transfer agreement.

 Any other offer that you might receive, including the one from Hairymcbeary, should clearly include the covering of "costs" too in order to be calculated as an equivalent or better offer.  

One thing that likely exists with a BIGGER player is a kind of economies of scale in that their making multiple offers would cause them to already have sufficient legal representation in place in order to draft up a valid offer that results in valid transferring of interests, that is if they are legit, as you seem to believe.

These folks aren’t running a charity.

They probably think the offer is above your dollar cost average and they can take the rest of the upside.  

Are you seriously thinking of selling ?

Well, of course.  Why would they structure a proposed deal that equalizes surplus value?  They are going to structure their proposed offer that would give them a decently large amount of the surplus value, and they hope to get a few bites in regard to their offer (they might not even be making the same offer to everyone, but they would run the risk that inconsistencies might be publicized, so likely safer for them to make the same offer to every GOX coin HODLer during this phase of offers).  

In other words, who makes an offer that would give more surplus value to the counter-party (jo squared in this case) when the counter-party might be willing to accept a lower amount?  So, yeah, they are banking on suckers and/or desperate/motivated HODLers of GOX coins, and question remains whether Jo squared might be one of those kinds of sucker, desperate and/or motivated GOX coin HODLers.

[Arriemoller]

Those are beautiful but I already had my eye on another   Agreed about Patek Phillippe, I am aiming for a smaller case.

Oooooh! What are you looking at?

For classic wristwatches nothing will beat a 1950's Hamilton Ventura or Pacer for incredible style. The Van Horn is very nice and traditional, and these are smaller than the new watches so they fit better on my wrist.

I am looking at the Nomos Glashütte Tangente. Not quite in the same price range as the ones you have mentioned but a reliable everyday dress watch (which is what I’m looking for - more of a starter piece). At least that’s what the research I have done suggests

I like watches too, but I have a hard time finding anything nice in the higher price ranges.
As a matter of fact, the coolest looking watches I have found have all been in the 15 USD range at Aliexpress and the likes, and i have also bought plenty of those and I where them every now and then.
The exception is the Bell & Ross watches. I like this one https://www.thewatchsource.co.uk/Bell-and-Ross/BR03-92+Heritage+Ceramic.html and this one https://www.jomashop.com/bell-and-ross-mens-watch-br0392-ceram-mil.html

My every day watch however, is a 25 dollar Casio digital with illuminated dial. I've used it for work for over twenty years, I have run over it with a lorry and smashed it against an uncountable amount of things uncountable times, and it still works perfectly, and it is low weight and comfortable to wear. I still wear it as my every day watch.

EDIT: I forgot to tell you about my coolest watch. It's a Pulsar P4 Classic (gold filled), it shows the time in red digits when you flick your wrist or press a button. The "flick your wrist function" is a small tube with a small amount of mercury that flattens out momentarily when you flick the wrist and creates contact between the contact points at the ends of the tube, thus closing the circuit for a short time. https://www.pinterest.se/pin/287386019942888290/

[podyx]

Is there a reverse h&s on 1h chart or just me?

[LoyceV]

hmmmm, not that it matters, but something is wonky

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From LoyceV files last week you had 747 merits on this thread.
This week only 745.

Yes, something strange.
Might be merited on deleted posts?
Some glitch in my table?

Hopefully this is enough to summon sir LoyceV explaining this wonkiness in my data.

Merited deleted posts are still mentioned in merit.all.txt.
Last week:

Merit distribution if Bitcointalk had nothing else than Wall Observer
Total number of users who received 1 or more Merit: 566
Sample

Code:

     7. 768 Merit received by jojo69 (#49008) from 102 unique users in 532 transactions

I have to leave soon, so can't look into it further now.

[jojo69]

Are you seriously thinking of selling ?

snicker 

[jonoiv]

The disparity in sentiment continued, as price dipped briefly back down into four figures, the CSO of Binance was predicting a rally to $100k. Thankfully that dip didn’t last long, and Bitcoin price seemed to find a floor at $10k. In fact, if this might be the last opportunity to ever buy Bitcoin for less than $10,000.

or this as this guy prodicted..   sub 3k here we come



https://in.tradingview.com/chart/BLX/wqEJBf88-Is-Bitcoin-correction-really-over-or-is-it-a-Bull-trap/

below 2k somewhere in 2021? This is insane.
*I can bet $1000 he is wrong

Are you going to bet?

You would likely need escrow in the event that jonoiv is wiling to take you up on such a proposed bet.

i have no problem with putting it into escrow. it would have to be some long-term reliable one though.

I am just suggesting escrow because 1) jonoiv seems a bit looney and 2) he might not even have $1,000 that he could afford to bet, either now or after he gambles away all of whatever he does happen to have into his "ongoing dumb." 

There should be quite a few trustworthy members, or some agreed upon holding mechanism or even a kind of multi-sig for such an escrow... even while the end date for such proposed bet seems to be 2.5 years into the future.

do you think an opinion on the price movement, has any bearing on how much i may or may not have?

[JSRAW]

Anyone need kidney? 

"There are no excuses to be a nocoiner.

The biggest-ticket organ you can legally sell in the U.S. is your heart: They're going for a cool $1 million. Livers come in second, worth about $557,000 and kidneys fetch about $262,000 each.

That's like 200 BTC right there."

https://twitter.com/CryptoBull/status/1146115603469623296

[jonoiv]

or this as this guy prodicted..   sub 3k here we come



https://in.tradingview.com/chart/BLX/wqEJBf88-Is-Bitcoin-correction-really-over-or-is-it-a-Bull-trap/

Are you still here?

Thought you’d be gone to never return after your previous price predictions ended up being way off plus the fact you’re now a self admitted NOCOINER.

Bro, it’s OK, we all make mistakes. You sold all your BTC at 6k, it’ll haunt you forever but don’t keep coming back here. It’ll make your pain worse, just forget bitcoin ever existed. The worst thing you can do is keep coming back here embarrassing yourself further.

Sub 3k bitcoin’s LOL. The time & chance for that is long gone. Please half some self respect & stay out of this thread & probably this forum. It is not good for your mental health to continue to relive your failures.

Fucking LOL. That actually made me smile. jonoiv the bitcoin bear/troll getting SERVED by LFC. I would Merit that post but I’m at 0 sMerit.

Somebody help a brother out - Always funny to see overly bearish people get served in this thread.

i'll buy back cheaper.  if it's doesn't happen im out. true story

[realr0ach]

In case you were wondering if Bitcoin was a government created scam to try and distract people from real money (physical metals), Harry Dent (a known govt asset and MSNBC-style propagandist) just spelled it out in complete black and white:

https://www.silverdoctors.com/gold/gold-news/harvard-trained-economist-bitcoin-to-32000-dow-33000-in-early-2020-and-gold-to-250-per-ounce/

No, it's not even remotely possible for gold to go to $250.  The lowest possible it can go is around $1050 from AISC/production costs.  The fact he tells this blatant lie about metals claiming gold can go to $250 while being a known government shill that simultaneously promotes Bitcoin spells it out in black and white:  Bitcoin is a govt created scam to try and distract people from real money (physical metals) and trick them into a digital only, cashless society slavery system.

Dent was telling everyone in early 2016 to stay away from bitcoin and the stock market and stay in dollars. The fact that you even quoted anything this tool says to prove any kind of point is proof that you are a complete nincompoop.
Seriously, fuck the hell off Roach.

I see that new airborne autism has been spreading again.  The entire purpose of Harry Dent being a govt asset/disinformation agent is that everything he tells you is a lie.  He said stay away from Bitcoin in 2016 because the kikes were accumlating it then to pump and dump it higher.  And now he's telling you to buy bitcoin because "it's going to $30k".  Seeing as how everything Harry Dent says is a lie, where do you think the price is really going?  Because it damn sure isn't going to $30k if Harry Dent says it is.