/biz/ - Business & Finance

Hey, thanks for posting source, OP. You never fail to deliver.

>>12728651
>Hey, thanks for posting source, OP.
https://www.coindesk.com/quadriga-creditor-protection-filing

>Troubled Canadian crypto exchange QuadrigaCX owes its customers $190 million and cannot access most of the funds, according to a court filing obtained by CoinDesk.

12.5 x 6 x 24 x 3,600 = 6,480,000
who is still selling outside of miners?
the resistance to bitcoin's current price is astronomically small

>>12728627
SHHHHHH

delef

>>12728675
the addresses were never given up

>>12728675

B-b-but the market just hasn't caught up yet!

IT'S OVER.

>>12728627
There are only like 17 million in existance... fuck off OP

Thats because the "market" is well aware this man is not dead and this exchange will somehow get "hacked" in the next 5 years or so.

>>12728846
Or that the “market” is a complete sham and you’re all being fleeced one bart at a time

>>12728675
the owner """died""" in a place where it is known for being easy to fake your death, these funds will start moving during the next bull market I guarantee it.

>>12728627
That exchange never had cold wallets. They haven't been able to show they actually had any BTC reserves.

His "death" is fake but it's not like he took the money and ran. He was gonna be in prison for at least 20 years for gambling away and losing all it's customers money.

>>12728872
What’s the point of being rich if you have you live in a 3rd world hellhole like India?

>>12728888
who said he lives there? With his """death""" he can now go anywhere in the world under a fake name

>>12728888
Again, he didn't have any money.
He was just feeling prosecution because his exchange was about to be outed as being completely insolvent.

Right now he's probably just in an Indian internet cafe planning his next scam because this one obviously didn't turn out as he expected.

>The exchange holds roughly 26,500 bitcoin ($92.3 million USD), 11,000 bitcoin cash ($1.3 million), 11,000 bitcoin cash SV ($707,000), 35,000 bitcoin gold ($352,000), nearly 200,000 litecoin ($6.5 million) and about 430,000 ether ($46 million), totaling $147 million, according to the affidavit.

.001% of circulating bitcoins were lost. therefore, a .001% price increase should've incurred, and more than that did over the past week.

DEFLATIONARY
A
S
S
E
T

>>12728893
>he can now go anywhere in the world under a fake name
Maybe in the old days, but not with all the technology now.
>>12728899
Do you have a source on this? Also doing a few years in a Canadian prison sounds a lot better than a lifetime in poo-land.

>>12728927
>.001% of circulating bitcoins were lost. therefore, a .001% price increase should've incurred,
Simple logic, too bad this isn't how markets work

>>12729008
i agree...i shouldve said ATLEAST a .001% price increase should've occurred. and it did.

>>12728979
it's easier than ever now with the darkweb

>>12728627
>hundreds of millions
>of bitcoins

>>12728627
>hundreds of millions of bitcoins
21 million hello

>>12728927
.1%, the absolute state of /biz/

>>12728893
BIOMETRICS

>>12729718

>>12728979
Lol Ben Laden has hidden under USA's nose for 20 years while the whole intelligence of the western world was looking for him do you really think its hard for some prick that scammed some neckbeards nobodies to not be found?

>>12728888
Sir by 2030 India will be super power and you will live in shit filth.

>>12730648
kek good bait

>>12728927
>.001% of circulating bitcoins were lost. therefore, a .001% price increase should've incurred,
why the fuck do I keep coming to this brainlet board?

>>12728627
>>hundreds of millions of bitcoins just disappeared forever in a single day
>hundreds of millions

>>12731587
Because you unironically have nothing better to do

>>12730648
>Bin Laden was being hidden for 20 years under the USA's (((nose)))
fixed that for you

>>12728888
this is the typical rich person's house in India, you uncultured swine (yes that building is one person's private residence)

>>12732132

>typical rich person
Nigger that's the most expensive private residence in the world valued at over a billion dollars. Your "((((typical))))" rich person does not love like that because only 1 rich person lives like that. Kike

I lost money on that exchange, good chance they didn't even have that much crypto

>>12730648
to be fair that is a very large nose to hide under

>>12728627

>hundreds of millions of bitcoins

>>12732132
So he gets a great view of the rivers of poo and human shit stains below , its a bargain at 10x