Hedge funds gamble on Mt Gox bitcoin payout

[Shiroslullaby]

I would be interested in what they were offering.
Its a gamble with an upside since you may only get back a portion of what is promised but you have the upside of grabbing some cheap bitcoin,
which is a commodity that may increase in value over time.

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[Victorycoin]

I'm surprised that they are able to recover anything, but this could be a positive for Bitcoin. It could be a sign to potential investors that even in scams or hacks, some coins can be recovered.

If this is recovered, people will massive dump bitcoin, when mtgox dead, the price was 400 usd, they have chance to dump at 1000 usd, and they will dump it.

Guess that entirely your opinion but dumping of Bitcoin is no longer all said and done, because as more and more people are embracing Bitcoin, its decentralized nature really comes to the fore. I tell you what will happen, some people would simply sell their coins and wait to buy again at lower prices and that is called profit taking and not dumping. Good coaches don't replace a winning team!

I agree that there might not be dumping. The people who will be reimbursed are the early adopters. Most people here would not even have known about bitcoin when Mt Gox collapsed. So there is a good chance that those people might hold on to their bitcoins.

Like you said, most of those people are early adopters and we can actually give it to them that they knew better. If they had faith in Bitcoin back then when the vision was yet hazy, there is not one reason they would look the other way now that Bitcoin is fast turning mainstream across the globe and a fabulous value it now have. I don't know of any  asset that was able to record up to a 100% increase in value in 2016, which was a feat Bitcoin accomplished and rearing to accomplish even more in this year, 2017 and in the years ahead. Take a look, Bitcoin is good news:  http://www.newsbtc.com/2017/01/01/2016-good-year-bitcoin/

[Bitcoinguru99]

Out of my 20k$ gox claim the hedgefund offers 3000$ in cash immediately. Would go for it? Or waiting another 2 or more years for finally not getting anything at all?

[alyssa85]

Out of my 20k$ gox claim the hedgefund offers 3000$ in cash immediately. Would go for it? Or waiting another 2 or more years for finally not getting anything at all?

I guess it depends on how badly you need the money. I think that if you wait the 2 years you will definitely get SOMETHING. The question is, what will the price be. If you are convinced that the price is going to be higher, it makes sense to wait it out. But if you think it might crash, then take the money and run. It is a gamble and only you know whether you want to risk it.

[South Park]

Fortunately I haven't lost any BTC during MtGox crash. But if I had I would be happy to receive any form of compensation.
So they have over 203,900,000 million dollar worth of BTC right now, why the heck they don't want to give it all to people?
I am not that shocked that hedge funds are trying to monetize it even further that is their way of doing things.

Most legal processes are slow and move at a snail pace, so this should not be very surprising, also some process needs to be determined about how to distribute the coins if the coins are ever given back to its rightful owners.

[European Central Bank]

Out of my 20k$ gox claim the hedgefund offers 3000$ in cash immediately. Would go for it? Or waiting another 2 or more years for finally not getting anything at all?

if a hedge fund sees value in your claim, why not you? it's a potential long shot but as long as the payout remains in bitcoin you might get a load more than 3 grand.

[Victorycoin]

Out of my 20k$ gox claim the hedgefund offers 3000$ in cash immediately. Would go for it? Or waiting another 2 or more years for finally not getting anything at all?

I guess it depends on how badly you need the money. I think that if you wait the 2 years you will definitely get SOMETHING. The question is, what will the price be. If you are convinced that the price is going to be higher, it makes sense to wait it out. But if you think it might crash, then take the money and run. It is a gamble and only you know whether you want to risk it.

If we believe price is going to get higher, a safer and quicker move would be, to discount your portfolio to the hedgefund and then hold it all the much you desire, whatever happens, a chunk of your bad debt at Mt. Gox is cooling its heels in your wallet and that is inline with the wise saying that - a bird at hand is worth two in the bush!

[Wind_FURY]

I would be interested in what they were offering.
Its a gamble with an upside since you may only get back a portion of what is promised but you have the upside of grabbing some cheap bitcoin,
which is a commodity that may increase in value over time.

Read all of the OP. It is clear that you did not read the whole post and you are blindly posting anything.

The hedge funds are offering 15% of the value of the claims. That is very low. Clearly the hedge funds know that they might do better in speeding up the processing of the claims. They are not stupid. They always go for the sure thing. So the 15% offer is a scam.