I'm worried friends. MtGox is going to pay. My friend who had a bitcoin there is getting frequent letters...

I'm worried friends. MtGox is going to pay. My friend who had a bitcoin there is getting frequent letters, letters of approve of claim.

They're going to pay.

What does this mean? There used to be a list with balances and usernames. There where people on gox owning 200k+ bitcoin. All early adopters.

Imagine if they release the floodgates? What will happen?

I predict a massive drop in BTC price, because, some are going to want cash. And maybe a pump in altcoin prices because some are going to want altcoins?

What are your predictions, and what should we do?

Attached: mtgoxx.jpg (696x449, 27K)

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Bump

do you know they're getting full cash value at the time of their loss, and only a tiny fraction of the bitcoin lost

it all depends if they get btc or original usd value. im hearing both fucking claims

if its btc, prepare for 1k
if its usd, its literally peanuts

the jap who handled the proceedings market sold a shitload of coins average like 10k each

they get full amount of bitcoin back through Kraken i think.

Attached: goxmail.png (1222x290, 30K)

nope, there wouldn't have been a bankruptcy if they had the bitcoin in the first place lol

we've been getting goxed for the past 17 months

The bank book entries begin on Feb 23. Our data set is incomplete, but there is still plenty to work with.

The balance begins with ¥35,803,202,280 JPY. The balance grows from there as BitPoint wired JPY to the trustee's account:

Feb 23: ¥3,000,000,000
Feb 26: ¥3,000,000,000
Feb 27: ¥2,370,878,752
May 1: ¥2,074,573,441
May 2: ¥3,822,436,400
May 8: ¥2,018,983,200
May 9: ¥1,876,736,900
May 10: ¥1,425,426,900
May 11: ¥1,299,609,200
May 14: ¥1,191,897,600
May 15: ¥914,011,300
May 16: ¥2,121,400,000
May 17: ¥611,200,600
May 18: ¥612,979,800
May 22: ¥2,421,427,600
May 24: ¥293,916,800
May 25: ¥283,787,300
May 28: ¥361,376,400
May 28: ¥630,005,900
May 29: ¥155,312,200
May 30: ¥117,613,200
May 31: ¥1,435,361,120
June 1: ¥321,246,000
June 4: ¥378,456,800
June 4: ¥1,607,943,691

These deposits added an additional ¥34,346,581,104 JPY to the opening balance.

Attached: th.png (1600x850, 298K)

50k is really nothing compared to what they had. Seriously there where accounts with 200k coins on them. I can't find the list anymore, but i remember we looked in aww at how many some people lost. It's out there somewhere. Let me dig deeper

>approved or disproved
What the fuck does that mean fucking boomer niggers

nothing is going to happen
they're getting money and some bitcoin, maybe they'll use that money to buy more bitcoin these are early adopters

Ok, 200k was a bit too much, yet there are guys owning 45k bitcoin.

Attached: mtgox-balances.png (1375x353, 128K)

You get your 10k coins back, you lost in 2013. Price has trippled by now. Why the fuck wouldn't you cash 3k bitcoin? Seriously.

it's February 2014 and you have 40,000 BTC in mt. gox valued at 28 million dollars
they go bankrupt and you file for civil rehabilitation

my gox finds ~200k bitcoin in a wallet
they sell those coins to pay back all the creditors in the civil rehabilitation
200k bitcoin say at 10k per coin is 2 billion dollars
850k bitcoin at 700 per coin is ~600 million dollars

so they sold about 60k bitcoin and have 140k left

the 40,000 BTC creditor will get 28 million cash and 6500 BTC
and this is just a guess it's not counting court and lawyer fees

the 40k creditor can take 28m and 6500 BTC
he can buy an additional 7000 BTC for a total of 13500 BTC
or he can sell 6500 BTC for a total of 54m

being an early adopter and getting the cash value back why wouldn't they just hold those coins or buy more
this isn't like they have to sell for any reason

>full amount
not the full amount retard

you're not getting all your coins back you fucking idiot, they don't have all the funds for everybody, that's the whole fucking point omg.
they can afford to pay maybe 1/4th of the coins the users had when it went down

Source?

Alt coin golden bull run and the flippening

blockonomi.com/bitcoin-felon-vinnik-extradition/

this is the guy who sold the other 600k lost mtgox coins

Nothing is going to happen of the 900k stolen 100k are recovered that´s an absurd ammount literally 1/3 of cryptos mined during the entire year of 2020.

Any price drop will just be an invitation to buy at this time.

Fucking hell thinking more it would even be better for bitcoin , it would delay the halving effects by 4 months by adding more liquidity and the halving effects would start to be felt literally when the new us president or trump start it´s second term.

Literally in the middle of an economic crisis most likely.

Attached: 1548036036252.png (449x500, 248K)

It started with Gox and it ends with Gox. How fitting.

cryptoground.com/mtgox-cold-wallet-monitor/

Only 137k btc and bch left , the jap government sells them from time to time at a cheap price to get money to repay to the mtgox victims a certan ammount.

The thing is that after 2020 halving there will be 300k new btc per year , this 137k btc are really not that much to do anything with the halvening at 13 months of distance.

If anything it´s cheap btc for holders since every time the jap has moved them they sold them at big exchanges selling them underpriced.

Attached: 1552926154487.png (831x799, 329K)

Good info, thanks

coinlab's lawsuit against mtgox will delay payouts by years

They will give back one part in USD, about $650M which they attained by dumping Bitcoin on the market in 2017 - 2018.
They remaining 141K BTC will be given back to investors.
The claims are now approved, I have one myself in USD.

I expect a 35 % dump due to increased market supply... It could be worse if buy orders dissappear and slippage is high.
I do not own any BTC and I've downsized my position in ETH, don't know if I'll increase my bag until this is dumped on the market even though it might take more than a year for it to do so.