/biz/ - Business & Finance

I've been out of crypto for about a month now, waiting for a big move in either direction before I get back in. I hope it's a big dump

>>12365295
load ze fud

>>12365308
don't get your hopes up. IIRC the last time this happened not much resulted in terms of price movement.

Sauce or fake and gay

This is bullshit. They may take a whole year to release those coins.

>>12365334
Kid, it takes 1 minute to google the situation and see what i've posted is not "fake and gay".

I guess you must be a little mommys boy since you still need things to be spoon fed for you but here you go faggot.

http://fortune.com/2018/06/22/bitcoin-price-mt-gox-trustee/

>The Mt. Gox trustee has reopened a claim-filing process requiring creditors to submit proof of what they are owed under the rehabilitation, and must also formulate a new plan for the distribution of assets, which is due Feb. 14, 2019

>>12365339
delirious levels of cope.

keep holding, i couldn't give a fuck. But don't say you weren't warned.

why is biz filled with absolute fudders. i honestly dont think half the board owns any more than 200 in crypto.

>>12365343
I'm sure most of those idiots won't be able to prove their accounts anyway

>>12365295
>We could seriously be looking at sub $1k bitcoin for an immediate crash with a slow return to about 2k for quite some time.
Please let this come true.

>>12365356
because they're a bunch of retards that dont see the value of crypto

>>12365367
I don't doubt the value of bitcoin. I don't think it won't return to a new ATH one day. But for the short term which could still be a while, bitcoin is 100% going lower in the next few months. Quite simply, the market will get flooded with sell orders from these people that just want their money back after they've had to wait years for it. They're not gonna keep their bitcoins.

If you can't understand this then you shouldn't even be investing, retard.

>>12365384
People who got Goxed remeber the last three bubbles and will likely hold out for the next.

>>12365384
they will....
they were paid in fiat....

Weren't deal that they get paid in fiat instead of btc?
that means, non of them will have btc, they will get fiat.
BTC stays with gox
wasn't this the case?

>>12365343

The plan for distribution is due on Feb 14. That doesn’t mean that any bitcoin will be distributed on that date. It will be bled out slowly over time, and will have little to no effect on pricing.

>>12365362
Fuck me how new are you...
Zoomer detected

They targeting Q3 for release this year. OP, do a little research before making theads.

>>12365295
>We could seriously be looking at sub $1k bitcoin for an immediate crash with a slow return to about 2k for quite some time.
fingers crossed

>>12365403
yes

>>12365308
You Sold Button ahahahaahhaaha

>>12365295
I'm waiting on Gox to pay me back. They haven't even asked for a Bitcoin address to send them to yet so it's a long way off.

>>12365392
This. I won't be selling the bitcoins i get back. Maybe i'll put some of them into alts but that's about it.

So altcoins will increase in value across the board while bitcoin will probably take a small hit. In the distant future when they finally release the fuckers.

>>12365460
Where does the money come from, tho

>>12365343
I don't know why anyone would want to zip themselves in a suitcase inside of a bathtub but some people do that.

>>12365295
If you watched the news at all, you'd know that they've already been distributing them since October. They have until February to finish the absolute last of them. Holy fuck this board is still retarded.

whales are waiting to buy their bags.

>>12365810
It comes from bitcoins that were already sold by the bankrupt trustee to pay us back. So if any of that money goes back into bitcoin it'll actually cause a spike. I would say, as many people will put that money back into bitcoin as would sell their bitcoin so it'll equal out to a big nothing burger... some people get bitcoin back some people get cash (depends what you want).

>>12365881

Uhm no? Check the gox wallet monitor sites. As far as I know they also havent received an okay from the judge yet.

This is unironically how ETH will start to flip BTC.

Retards have infested this board.

1) the Gox coins are going through a lengthy court process that has already lasted *years*. It certainly won't be resolved and distributed in the next month.
2) To think that all holders of these coins are just going to market sell the bottom as soon as they get them is retarded. Remember that these are the OGs that were actually trading years before the normies got here and by now know a thing or two and have been in the game long enough to know BTC can't and won't die and a new bull is coming in the next 12 months.

>>12365362
yeah, my mate had a bitcoin on gox when it went down. Just login and pass and your account is verfied, click a couple of mails. Proof identity and it's all good. The database with the accounts never went offline

>>12365343
Why would you make a thread without a source op and why are you such a niggerfaggot about proving you were right????

>>12366579
YOU are a niggerfaggot, sir

>>12366579

Because you don't know shit about the market your are invested in and deserve to get bitchslapped for being a noob retard.

>>12365356
I have 1300. I mean 1290. I mean 1330. I mean 1100...