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/biz/ - Business & Finance

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13115682 No.13115682 [Reply] [Original]

You realize that this is going to cause the single largest dump in bitcoins history right?

>> No.13115880

Good. I have 20k allocated and waiting for it.

>> No.13115886

>>13115682
It's gonna be good. Fuck you if you haven't tethered

>> No.13115899

Got some powder ready for the wick down to the 1k range.

>> No.13116021

When are the BTC supposed to be refunded to victims?

>> No.13116034
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13116034

>>13115682
When the fuck does this happen? Anyone know?

>> No.13116285

>>13115682
Already have my shorts in anon

>> No.13116295

>>13116285
im ready to panic over the dip and not buy the bottom because im too scared its going to fall further

>> No.13116319
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13116319

Sooner than you think

>> No.13116320

>>13115886
>Fuck you if you haven't tethered
Good luck with this scam USDT. Its worthless shit, lol

>> No.13116327 [DELETED] 

>>13116021
The meeting of creditors hasn't even occurred yet. Once that's held, assuming all goes well, you're looking at another 12 to 24 months before they can be disbursed. The headlines you're seeing are all BS. I don't know who or why anyone would waste time writing these articles, but someone has an agenda.

>> No.13116333

Not selling. I will buy more if it dumps though.

Stupid time to be in alts, however.

>> No.13116337

>>13115682
you mean the single largest altcoin pump right?

>> No.13116348

>>13116319
Guesses then? Like within the next month?

>> No.13116349

>>13116319
> reddit

>> No.13116351

>>13116337
Dude old Gox'ers are guaranteed 10x+ returns. Many will sell completely or large percentages of their portfolioa

>> No.13116354

>>13115682
How is this bad? When shit like this happens it is just free money to the first buyers to gobble it up.

>> No.13116362

>>13115682
It's already priced in

>> No.13116374

Anyone have a date?

>> No.13116375

>>13116349
I hate reddit as much as the next guy but It’s actually where a lot of the goxxers discuss what’s happening newfag

>> No.13116379

>>13116348
I'm guessing before the next creditors meeting, which is in October

>>13116349
>newfag doesnt know who magicaltux is

>> No.13116383
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13116383

>>13116374
Fucking THIS. SOMEONE GIVE A FUCKINF DATE RIGHT THE FUCK NOW

>> No.13116384

>>13116374
Based on recent hype it seems like any day now. Originally the plan was to wait until summer but I guess they got through claims faster than expected

>> No.13116392
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13116392

>>13115682
>You realize that this is going to cause the single largest dump in bitcoins history right?
140,000 coins is less than 2 days worth of BTC market volume. And that's just on the exchanges with reliable statistics. Wow, such dump. kys

>> No.13116397

>>13115682
70.043.826.049 <- btc market cap
00.560.840.190 <- 141k btc market cap
560 million? who the fuck gives a shit?
unless im a drunk brainlet and failed at inputing numbers in a calculator

>> No.13116408

It's going to be a private sale or some kind of auction like whenthe US gov dumped the silk road bitcoins.
The effect on the price is going to be a blip at the most.

>> No.13116415

Priced in

>> No.13116422

>>13116397
panic selling, general sentiment, whales using hte event for market manipulation....

>> No.13116428

>>13116392
yeah but if they're dumping you might as well put your orders low. Who the fuck would catch that dump?

>> No.13116430

>>13116392
Either this is shitty bait or you actually dont know what an orderbook is.

>> No.13116433

>>13116422
yep humans killing each other in a stampede out of sheer panic is a thing.

>> No.13116457

I expect the dump the day we get the official news and a pump on the date of the release...

>> No.13116468

>>13115682
Priced in you absolute mouth breathing mongoloid

>> No.13116477
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13116477

Happening famalam sell wall was 450

the manipulators don't have the cash to push it up

some mean son of a bitch with a grudge or something gonna crash this market no survivors

>> No.13116486

> thinking that the creditor will sell all in a single market order

retards

>> No.13116487

>>13116477
*Yawn*

Not even a $100 dip

Whales really are getting pathetic

>> No.13116517

>>13115682
What pisses me off more than a dump is why would they hold the return of the BTC over everyone’s head for so long. Just give them their fucking coins back and lets never talk about this again

>> No.13116530

>>13115886
People looking to cash out are not going to accept your tether. You should be sitting in fiat on an insured exchange, like Gemini, if you want to take scalps. Don't let a taxable event stand between you and mass accumulation.

>> No.13116533

>>13116477
The manipulators are the dumpers brainlet

>>13116486
Actually he’s already sort of been doing this. Even if he splits it up the market won’t be able to absorb it. Only retard here is you kiddo

>> No.13116535

>>13116430
Okay nigger then you go pull all the order books on the exchange and see how far the dump would be for 140,000 coins. While you're calculating, remember that not nearly all the coins will dump at the same time. I've done the math, it doesn't amount to shit. kys

>> No.13116537

>>13115682
>btc is decentralized bro
>literally the entire marketcap of all crypto depends on the will of one jap, not even a council of japs

>> No.13116544

>>13115682
It's also less than 19% of this and not all will immediately liquidate. We could all end up completely surprised when a "rally" comes out of this showing just how "anti-fragile" and "truly resilient" the market is.

>> No.13116551

>>13116535
Cringed and bluepilled

>> No.13116561

>>13116551
Yeah, that's what I thought faggot. Talking out of your blown out ass

>> No.13116565

MY BEAR COCK CAN ONLY GET SO ERECT!!!!!!!!!!!!!!!!!!!!!!!!!

>> No.13116571
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13116571

>>13116477

da fuq you think ur talking to m8

t. botatoe kangz

>> No.13116577

>>13116535
I dont have to calculate, brainlet. Only 20k coins dumped on coinbase takes us to 1k. Similar story on Bitfinex. The mtgox coins will wipe every orderbook clean. You're going to stay poor and it makes me happy

>> No.13116589
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13116589

>>13116577
Kekd and chekd

Dumb bullfags

>> No.13116615

>>13116397
>$560M sell off won't cause a mass panic sell
Absolute state of nu/biz/

>> No.13116640

All these nerds are going to go nuts buying alts

>> No.13116647

>>13116397
Its too early to be drunk degenerate.

>> No.13116660

>>13116349
>(you)

>> No.13116667
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13116667

>>13116577
>Only 20k coins dumped on coinbase takes us to 1k. Similar story on Bitfinex. The mtgox coins will wipe every orderbook clean. You're going to stay poor and it makes me happy
I just pulled the binance order book again, just to make sure..
import ccxt
e = ccxt.binance()
o = e.fetch_order_book("BTC/USDT", limit = 1000)
p = []
for x in o['bids']: p.append(x)
sum(p)

I'll let you find the number yourself for every exchange. I did. You are fucking wrong and you are a fucking idiot that doesn't know shit. Yet you are arrogant about it. You are arrogant about being stupid. I'm sure your mother is proud of her little brainlet shitstain. kys

>> No.13116683

>>13116667
don't bother responding to them it's obvious that they're just trolling. people do this all the time on /biz/ to scare the retards

>> No.13116704

>>13115682
Not only that, but the Mt gox custodian has the right to market sell all off it long before redistribution.

>> No.13116722

>>13115682
You know that people are getting 160 million in $ back, right?

>> No.13116727

>>13116319
ohnojonojononono

>> No.13116735

>>13116722
And selling all their bitcoin and forks.

>> No.13116868

>>13115682
For every seller is a buyer. Bitcoin hasn't failed because it works. It's not meant to scale. It's digital gold, not digital cash.

>> No.13117125

>>13116868
yeah feel free to buy bro, i'll pass this time

>> No.13117209
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13117209

>>13117125

>> No.13117214

Its going to zero. Buy gold guys.

>> No.13117255

>>13117209

yes keep buying into the ponzi

>> No.13117273

>>13116319
where does mark karpeles make public appearances these days?

>> No.13117675

>>13116868
retards you still exist

Read the white paper you absolute cunt

>> No.13117703

>>13117675
>muh whitepaper
The defacto use is what matters and people are using it as digital gold so that's what it is. Just like gold but easier to transport, easier to store, and easier to transmit. Bitcoin has a niche and it isn't going anywhere. Stock up while you still can.

>> No.13117716

Buy silver and gold and you shall be set free.

>> No.13117763

>>13116351
If it was me, i'd sell a large amount mainly for some quality alts

>> No.13117840

>>13117763
if your money was tied up for 5-6 years, you thought you may never get it back, and now you get it back 10x?
you would buy shitcoins rather than realising massive profit
if you are serious, you are destined for wageslavery until at least 75 yrs old

>> No.13117960

>>13117763
you can't realistically put yourselves in these people's shoes to say what you would do

>> No.13117982

>>13115682
i bet every last person that gets back their lost Mt. Gox money will immediately market sell whatever crypto they have and they'll never touch crypto ever again. so yeah, i bet OP is right on this one.

>> No.13118015

>>13117982
> He doesn‘t know

>> No.13118042

>>13115682
Fools, the victims are rewarded in both fiat (at a cheap BTC rate, think $500/BTC) and in 10-15% of their original BTC value. Its not as dramatic as you all think

>> No.13118066

>everyone thinks its gonna dump
>mfw whales will buy it all up, pump it to 7k and wreck 99% of traders in the process
>then the real dump begins

>> No.13118139
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13118139

>>13118066
This.
Chances are the big dumps in November were caused by some Mt.Gox parties taking big short positions after realizing they would get their coins back. Going short they did lock in the price already at that point in time and secured their wealth.

Also, there will be plenty of OTC deals going on.

>> No.13118152
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13118152

>>13117982
They already sold. (with taking short positions before getting the coins back)

>> No.13118219

>>13118042
Shhhhh gotta keep the fud alive.

>> No.13118389

>>13118139
>Chances are the big dumps in November were caused by some Mt.Gox parties taking big short positions
Craig Wright and his hissy fit caused November. And to a lesser extent the faggot SEC going after Forkdelta for literally nothing. But mostly the Bcash hash war.

>> No.13118428

>>13116535
>summing the aggregate order book totals
>no factoring in order slippage

Never gonna make it

>> No.13119106

>>13116349
>4chan

>> No.13119213

>>13116384
Care to give a source sir? This is important. Could it really be any day now?