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/biz/ - Business & Finance

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12429601 No.12429601 [Reply] [Original]

Reminder that 165,000 Mt Gox tokens get distributed soon. There's no point to buy or long until a couple weeks afterwards.

>> No.12429614

>>12429601
>weeks

more like months and years

>> No.12429616

>>12429601
Fucks sake. We are going to dump again today and tomorrow.

>> No.12429671

>>12429601
sauce

>> No.12429742
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12429742

>>12429601
Based

>> No.12429803

>>12429601
Those will be sold off chain you fucking mongoloid

>> No.12429820

>>12429803
Kek, no they won’t.

>> No.12429841

If you guys sold at 4K into the obvious deadcat you would be welcoming a price drop so you can double your stack. You should try trading instead of hodling so you stop getting JUSTed

>> No.12429853

>>12429803
do you know the difference between the Bitcoin blockchain and the exchanges? wherever they sell, they will affect the price. the coins are being distributed to the users who lost them on MtGox, so they can dump anywhere. they’ve been planning on receiving these coins for years and probably have bills to pay at this point. prepare for a giant candle down as the whales exit in anticipation.

>> No.12429854

will the mtgox coins be distributed on Kraken? I sense an arbitrage opportunity. I have a couple hundred thousand I'm going to wire in

>> No.12429879

>>12429803
>I don’t understand how the blockchain works, but I’ve got a significant chunk of my net worth in crypto
Buy link huh?

>> No.12429922

>>12429803
>>12429853
>>12429879
>trying to predict what other people will do once they receive their buttcoins back
keep reading tea leaves bitch boys

>> No.12429932

>>12429922
You seem upset fren. Is there something you’d like to share with the board? A financial loss of some kind perhaps?

>> No.12429934

>>12429601
>actual early adopters
>value was low when funds were lost
>fiat invested was reasonable for that crowd
>have been living without that $$$ for YEARS
>many of those dudes have been feeling like shit during the last bull run, wishing they had their stack, refusing to buy back, feeling regret and disappointment
and you think that group is going to market dump? i dare say that you are stupider than a mongloid crackbaby

>> No.12429950

>>12429934
Exactly. Brainlets in this thread confuse this with the last time some judge ordered them to sell for fiat. It's not the case here. Some will sell, some will hold. Just let them pretend they can see the future.

>> No.12429957

>>12429934
>accumulated at sub $100
>not going to sell once they get their stack back
Uhh

>> No.12429973

>>12429957
>brainlet

>> No.12429980

Their returns will be 20% in btc, 80% in fiat, when BTC price was 500 dollars.

>> No.12429984

>>12429616
Let it tank anon. Buy when it's sub 2k

>> No.12429990

>>12429853

Whales will just buy all of them as they are dumped on the market.
160K isn't even that much. That's what these whales cycle through in a couple weeks anyways.

>> No.12430015

>>12429973
Time will tell. Good luck to you xir

>> No.12430057

>>12429990
Only biz is this stupid


Here are poll results

https://www.strawpoll.me/17081525

>> No.12430161

>>12430057
Always do the opposite. I’ve done very well following this advice. Who would have thought that a website populated by neets, losers and social rejects would be bad at making money?

>> No.12430268

>>12430161
What do you think of LINK. It's driving me insane

>> No.12430317

>>12429934
That was my point! Nonstop dumping for two weeks at least then a nice dead at bounce

>> No.12430348

>>12429934
> lmao bought BTC at low prices
> considered your $$$ lost for years
> get BTC back feel like its essentially free money
> look at BTC last 18 month chart
> laugh
> market sell for a currency you can actually buy things with and enjoy

anyone not doing the above or thinking the majority won't do the above, is absolutely retarded

>> No.12430485

>>12429601
I lost 600 btc in gox am I going to recieve at least half of them back

>>12429803
Sorry faggot I'm dumping on you fags if I get my coins back

>> No.12430793

>>12430268
Do you want my actual opinion or the one that I would typically give to /biz/?

>> No.12430800

>>12430485
This guy doesn't own any bitcoin.

>> No.12430829

>>12430800
I’d wager that he does, he just got in at a much lower price than you.

>> No.12430843

>>12430348
thank god someone with some sense. everytime I say this I get flamed anywhere and shit talked. These guys wrote off that money and are now getting it back at massive returns. They are fucking dumping.

>> No.12430918

>>12429934
Imagine believing someone will hold after buying really low while Bitcoin's literally crashing to the ground again after being unable to sell during the biggest bullrun in history

>> No.12430942

>>12430918
you're right most of these people who lost bitcoin on mtgox are brainlets who bought the top, people don't magically get smarter, now they'll be brainlets who sell the bottom

>> No.12430982

>>12430942
>he thinks this is the bottom
laughinggirls.jpg

>> No.12430996

>>12430793
Actual please

>> No.12431002

I fail to see how this won't make BTC go to $2k at least. How will they not dump?

>> No.12431015

>>12430485
nice, I hope you lock in those sweet 900k that you deserve. Dump that shit to the ground anon

>> No.12431016

>>12429934
Is this bait? I genuinely can't tell.

>> No.12431023
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12431023

>>12429803
>sold off chain

Is the wallet off chain too?

>> No.12431026

>>12430485
OH NO NO NO NO BRO
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
DON'T DO THIS TO ASS NOOOOOOOOOOOOOOOOOOOOOOO

>> No.12431041

Why does everyone think early adopters of Bitcoin will just market sell all their bitcoin? Unless I'm not understanding the protocol here. The coins get distributed to individuals who held them on the exchange at the time, right? It's not just Mt. Gox trustee liquidating all 165k coins as far as I know.

>> No.12431050

fuck this they should just give them the FIAT value of their coins the day the site went down

>> No.12431057

There is one factor to consider. The markets are so thinly traded that THE FIRST PERSON TO DUMP WILL GET THE BEST DEAL. This if anything is the best incentive to rush for the exits, because a tether pumped bull run seems like a dwindling prospect now.

>> No.12431385

>>12431041
>lose coins worth $600
>enter despair
>eventually continue with their lives
>five years later they recover their BTC, now worth $3,500
>free money out of nowhere
>learn from the market that it will keep crashing
>sell for profit
Why do you think they will not sell? You have to be mentally challenged at this point.

>> No.12431456

>>12429601
Soooo does anyone know when this is happening?

>> No.12431523

>>12431385
I would expect early adopters of Bitcoin to be bullish on the price long term, at least relative to the general public.

>> No.12431560

>>12431523
Maybe. But it's safe to assume a lot of them will sell. And whales will anticipate to this and dump the price to scope these lower. This is going to crash BTC, even if it's only temporarily.

>> No.12431600 [DELETED] 

>>12431057
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>> No.12431627

>>12431560
I think it's just as likely they will use their bitcoin as collateral for a margin long position. I don't think any assumptions are safe. Does anyone even know who had coins on Gox? Maybe 4 whales will be getting 80% of the 165k. 4 guys who had 500,000 btc get another 120k. Who knows.

>> No.12431677

>>12431627
Using Bitcoin as margin long collateral is always more dangerous than using it as margin short collateral. Because if you're long and the market goes against you, your collateral is dropping in value as well while it's the opposite for shorters. Thus your safety margin is much smaller than that of shorters.

>> No.12431729

the safest assumption is that the average of all MtGox users will behave like the average market right now - and the market overall is selling.
those coins are therefore on average going to be dumped aswell. all of them? no, of course not, but just like the general market, more people will sell than hodl.
think of it this way: all those coins have been hodl'ed against their will for years. if just one guy decides to sell, more coins will enter the market than before.
that being said: i don't think the effect will be too strong.

>> No.12431735

>>12430996
It’s a shitcoin like the rest. If you feel like gambling, go for it, but only wager what you can afford to lose.

>> No.12431738

>>12431677
A 2-5x long can easily be managed. I don't disagree in general, but when bitcoin has touched 3200 it's not going much lower when a halving is 18 months away. If you bought bitcoin in 2013 you should be a fucking insane bull.

>> No.12431739

i'm going to buy all those bitcoins and none of you can stop me