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

[JayJuanGee]

A liquidation would return to the clients some amount X that they can invest any way they like, including in MtGOX 2.0 if they want to.  The Sunlot plan would return them less than X and force them to invest the remainder in MtGOX 2.0, with no option to get out.  I still don't see how this can be better than that.

I'm guessing with the Sunlot plan, the clients have a small chance to get back their entire account. At least in a long time. And that is probably better than getting back only 20% or less (zero according to some here)

The problem is that the court would make this decision for the customers - and apparently few were consulted and truly support Gox 2.0

Courts are NOT going to take a vote, but they will allow for stakeholders to submit their arguments.  Most courts consider it their obligation to look after the interests of minority or non-vocal stakeholders, as well.

[klee]

Can we stop discussing about MtGox and/or Karpeles? EVER??

Thx...

[JayJuanGee]

I'm guessing with the Sunlot plan, the clients have a small chance to get back their entire account. At least in a long time.

That is just spin.  They propose to give back (say) 10% of the assets and force clients to invest the other 10% into MtGOX2.0, and will count their share of whatever profit that MtGOX2.0 may make as the payment of the other 90%.  Why is that better than giving clients the full 20%, so that they can invest those same 10% into Apple stock instead?  The clients will surely recover their 90% back much faster this way.

You keep asking the same question over and over, as if you know the answer, and you keep suggesting the best answer, also. 

The answer is going to vary with customers, and likely many customers would prefer to recover more than to recover less, but the devil is in the details, and hopefully, the court will take those considerations into account.  IN the end, the court may impose something that the court believes is best for the situation as a whole (and maybe best for the court), which may NOT necessarily mean that customers get their whole payment back right away or may mean that customers are stuck with some equity stock.

[TooDumbForBitcoin]

if gox came back, it would likely be the best exchange out there. It would have a point to prove.

That's just it. It probably would be the best, simply because it had to be. I would look forward to that.

Sounds logical ... Newsweek is a great example of coming back better than ever, because they had to.

[JorgeStolfi]

if gox came back, it would likely be the best exchange out there. It would have a point to prove.

That's just it. It probably would be the best, simply because it had to be. I would look forward to that.

Yeah. Mark deserves a second third fourth whatever chance.

[JorgeStolfi]

Can we stop discussing about MtGox and/or Karpeles? EVER??
Thx...

Sorry, agreed. There are at leas two threads on this specific topic:
SaveGox.com
More proof that savegox.com is a sham.

[ChartBuddy]

Explanation

[dreamspark]

Some of you are seriously cheering for a necro of mtgox?

Just know that you'll deserve any and all of the abuse you're going to get if that piece of shit exchange gets a second chance.

Yep, just why I don't get. Just take your 20% and let it die. Open a criminal investigation and find out what actually happened and close the case.

[BitChick]

So any ideas what this "Big thing" and "#ToTheMoon"  tweet by Bitpay is all about?

https://twitter.com/BitPay/status/465206481474686976

[rpietila]

Any bets on the bottom for the weekend? I am hoping for 400 at least.

The dearth of sellers is palpable.

Same goes for volume. Does not mean much.

The downtrend has been in force due to sellers overriding buyers. If the volume dries up, it is because the sellers are exhausted. The price is nascent despite the low volume. I would abstain from shorting here.

The trailing 4-week change is positive first time since February. My last call of 435 bottom was off by $14.87 so let's try to call another one here.

[kryptopojken]

Can we stop discussing about MtGox and/or Karpeles? EVER??

Thx...

agreed, let it rest in "peace"

[cbeast]

So any ideas what this "Big thing" and "#ToTheMoon"  tweet by Bitpay is all about?

https://twitter.com/BitPay/status/465206481474686976

[kryptopojken]

So any ideas what this "Big thing" and "#ToTheMoon"  tweet by Bitpay is all about?

https://twitter.com/BitPay/status/465206481474686976

their business kinda depends on the moon-ness of bitcoin

[ChartBuddy]

Explanation

[gentlemand]

And if anyone's placed to help it happen it's them.

[BitchicksHusband]

So any ideas what this "Big thing" and "#ToTheMoon"  tweet by Bitpay is all about?

https://twitter.com/BitPay/status/465206481474686976

They followed up with this video, but I don't know if this is it.

Purse IO

https://www.youtube.com/watch?v=6B5bM8X-sLM

Basically, Purse.IO has you add items to your Amazon wishlist and offer to pay for them in Bitcoin at a 10%-15% discount.  Then, people in countries where bitcoins are not readily available like China and India sign in and buy the items for you and have them shipped to you.

When you get the items, your bitcoins are sent to the foreign buyer.  You get cheaper items.  They get an easy way to buy bitcoins in a country where it's not easy.

[Walsoraj]

So any ideas what this "Big thing" and "#ToTheMoon"  tweet by Bitpay is all about?

https://twitter.com/BitPay/status/465206481474686976

They followed up with this video, but I don't know if this is it.

Purse IO

https://www.youtube.com/watch?v=6B5bM8X-sLM

Basically, Purse.IO has you add items to your Amazon wishlist and offer to pay for them in Bitcoin at a 10%-15% discount.  Then, people in countries where bitcoins are not readily available like China and India sign in and buy the items for you and have them shipped to you.

When you get the items, your bitcoins are sent to the foreign buyer.  You get cheaper items.  They get an easy way to buy bitcoins in a country where it's not easy.

I'm sure Chinese authorities will be pleased.

[mmitech]

So any ideas what this "Big thing" and "#ToTheMoon"  tweet by Bitpay is all about?

https://twitter.com/BitPay/status/465206481474686976

They followed up with this video, but I don't know if this is it.

Purse IO

https://www.youtube.com/watch?v=6B5bM8X-sLM

Basically, Purse.IO has you add items to your Amazon wishlist and offer to pay for them in Bitcoin at a 10%-15% discount.  Then, people in countries where bitcoins are not readily available like China and India sign in and buy the items for you and have them shipped to you.

When you get the items, your bitcoins are sent to the foreign buyer.  You get cheaper items.  They get an easy way to buy bitcoins in a country where it's not easy.

I don't think this has anything to do with the big thing Bitpay twitted about before, I also don't see how this system is going to work anyway, especially for 3rd world and developing countries where Paypal and most credit cards doesn't work....

[JayJuanGee]

Some of you are seriously cheering for a necro of mtgox?

Just know that you'll deserve any and all of the abuse you're going to get if that piece of shit exchange gets a second chance.

Yep, just why I don't get. Just take your 20% and let it die. Open a criminal investigation and find out what actually happened and close the case.

You are living in a dreamspark (oh wait?) if you believe that there is going to be any meaningful criminal investigation.

[ChartBuddy]

Explanation