another dumpy weekend ahead..?
Cheap corn on the way. <60k soon.
Do you think that the odds are greater than 50/50 that the BTC price will be below $60k within the next 3 days?
Just a spike below or how far would you expect the price to go below $60k and is it going to last for very long, more than a day or two?
I got my MtGox fiat payment earlier this week.
I'm still waiting for what really matters, the btc payout. Nevertheless, this was a welcoming surprise.
nice you can buy some cheap corn
Just imagine. On the fiat part, if Krubster did not receive interest on the payment, then the fiat value would have been worth less than 50% as much as it was worth in early 2014 when the exchange went down.
The bitcoin portion would likely make up for the lack of appreciation of the fiat, as long as he was holding most of his value in bitcoin, and the bitcoin is likely going up in terms of its dollar value that includes the dollars appreciating, even though I am suspecting that he is ONLY getting back around 10% the amount of BTC that he had in the account...
So for example, if he had 10 BTC in the account, the market value of those 10 BTC would have been around $1,800 to $6k depending on which then price would have had been used to measure it... . .. And so if he ONLY ends up geting around 1 BTC back, tehn the value of that is around $63.7k right now, so surely that is a good pay out in terms of a forced HODL that even involves a haircut.
Don't get me wrong, I am not even applauding any of that level of delay that has happened in the MTGOX case, it seems like a travesty of justice for payouts to take nearly 10 years - and surely I can understand 3-5 years, but anything beyond that just seems like feet dragging.. even though they were also resolving some of the claims on the coins during that time, and sometimes court processes can take time to allow parties to prepare and present evidence and for courts/tribunals/administrators to make rulings.
I got my MtGox fiat payment earlier this week.
I'm still waiting for what really matters, the btc payout. Nevertheless, this was a welcoming surprise.
That’s great to hear. I’ve been monitoring the fiat payments and it looks like they’ve gotten a little more than halfway through them in about 2 months. So I think there’s hope that the BTC payments could start in June. They could wait til July for a fresh quarter, but I don’t think it will be too much longer after that. It will probably just continue the current slide another month or two as the market is already absorbing this amount with GBTC. By Halloween I think we’ll be blasting off and
a year from now could be locking in the all time high for the cycle. Yeah I wonder.
There are a lot of folks expecting the cycle's all time high to come early in 2025 rather than late in 2025 and it could almost be a bettable proposition...and it is fairly easy to measure too... at least in terms of nominal prices and a date.. and so then it would just be a matter of figuring out the date.. .. half way through the year is July 1, yet there are many folks expecting the high in the cycle even earlier than that, like in the March/April/May timeline.
From my perspective, it seems like almost pure fantasy to be striving to call the cycle in that kind of way, as if the cycle is going to run out of steam earlier because the steam of the cycle is currently (supposedly) front loaded, so that will cause the blow off top to come earlier.. and I think that seems to be more fantasy than it is really based on solid logic that is really attempting to account for what is actually going on with this powerful asset class, also known as my lil precious.
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