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

[JayJuanGee]

How MtGOX's depositors' claims would be computed under US liquidation laws:

https://bitcointalk.org/index.php?topic=587295.msg6644323#msg6644323

If that holds for Japanese laws too, it has important implications for the MtGOX liquidation vs. ressurection issue.  I can see that some clients would strongly want one way rather than the other.

Probably the best way to predict how the Japanese court would evaluate the value of the bitcoins would be to use some Japanese precedent, rather than American precedent. 

Yet if the precedent is unclear, and the calculation of value would cause inequitable results, then stakeholders can propose other value calculating methodologies.  Certainly a lot of stakeholders would like to receive their value from GOX in whatever asset that it was held.  So if they had bitcoins in GOX, then they should get bitcoin back.  If they held fiat in GOX, then they should get fiat back... and the ratio of how much they get back would depend upon the total solvency of GOX.   A liquidation would likely get them less than 20% of their holdings; however, a rehabilitation would have the potential of recovering a higher percentage, over time (even though possibly the initial payoff amount may be low with a rehab).

Personally, to me, it does NOT make any sense to pay off stakeholders in any other currency (or asset) other than what they were holding or to attempt to value it in any way - b/c some stakeholders were choosing (on their own - maybe somewhat coerced on the circumstances) to trade btc and fiat.

[magicmexican]

dump on huobi?

[ChartBuddy]

Explanation

[ElectricMucus]

Bitcoin may indeed be the catalyst for the energetic and lasting political effort that I think we would all like to see.

rofl

[TERA]

dump on huobi?

It's normal trading. You're noticing it more now because for some reason they refrained from doing it for 4 days.

[niothor]

Is this the last time we are going to see 2830 for the next month or more?

Depends from where you're watching that line. Below or above ? =))))

[TERA]

Is this the last time we are going to see 2830 for the next month or more?

Depends from where you're watching that line. Below or above ? =))))

If he's giving a return date, it's most likely a bearish assertion, because a bull would not anticipate the price coming back, ever.

[niothor]

Is this the last time we are going to see 2830 for the next month or more?

Depends from where you're watching that line. Below or above ? =))))

If he's giving a return date, it's most likely a bearish assertion, because a bull would not anticipate the price coming back, ever.

I know who i'm teasing right now. I doubt that a guy who's shorting that much would even think of the scenario of never ever  below 2830.

[UnDerDoG81]

I have a good feeling for the coming weeks 

[ChartBuddy]

Explanation

[tupelo]

Wasn't this deadline put in place for today? It seems the expectation of at least something happening was unreasonable...

[BitAddict]

Wasn't this deadline put in place for today? It seems the expectation of at least something happening was unreasonable...

Deadline on Saturday was really strange. Maybe in the coming days.

[wachtwoord]

How MtGOX's depositors' claims would be computed under US liquidation laws:

https://bitcointalk.org/index.php?topic=587295.msg6644323#msg6644323

If that holds for Japanese laws too, it has important implications for the MtGOX liquidation vs. ressurection issue.  I can see that some clients would strongly want one way rather than the other.

Probably the best way to predict how the Japanese court would evaluate the value of the bitcoins would be to use some Japanese precedent, rather than American precedent. 

Yet if the precedent is unclear, and the calculation of value would cause inequitable results, then stakeholders can propose other value calculating methodologies.  Certainly a lot of stakeholders would like to receive their value from GOX in whatever asset that it was held.  So if they had bitcoins in GOX, then they should get bitcoin back.  If they held fiat in GOX, then they should get fiat back... and the ratio of how much they get back would depend upon the total solvency of GOX.   A liquidation would likely get them less than 20% of their holdings; however, a rehabilitation would have the potential of recovering a higher percentage, over time (even though possibly the initial payoff amount may be low with a rehab).

Personally, to me, it does NOT make any sense to pay off stakeholders in any other currency (or asset) other than what they were holding or to attempt to value it in any way - b/c some stakeholders were choosing (on their own - maybe somewhat coerced on the circumstances) to trade btc and fiat.

It doesn't make much sense to me either, but this is the law in many countries.

[ChartBuddy]

Explanation

[akujin]

Looks like huobi wants to go down already
Will the bulls show up to save the day? 

[p0peji]

CCMF!!!!11111

[ChartBuddy]

Explanation

[Blue]

omg - huobi dropping & nobody even watching

[niothor]

omg - huobi dropping & nobody even watching

And finally we start doing it. People not bothering with their fake volumes and their 100 bans per day.

[latoxine]

omg - huobi dropping & nobody even watching

I am...I do the gravity  dance since hours !