Bitcoin faces Mt. Gox 'black swan' as trustee prepares to unlock 150K BTC
The prospect of a rumored 150,000 BTC flooding the market gets real as Mt. Gox creditors choose how much money to receive in cash, Bitcoin and Bitcoin Cash. Bitcoin (BTC) faces a new selling threat in the near future as users of defunct exchange Mt. Gox prepare to get their BTC back.In fresh correspondence dated July 6, attorney Nobuaki Kobayashi, appointed trustee in the Mt. Gox rehabilitation process, confirmed that he was "preparing to make repayments" to account holders.Cash, Bitcoin or Bitcoin Cash?Over eight years after Mt. Gox imploded, it appears that those who lost money are about....
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The term "Black Swan Event" describes certain events in history so profoundly unexpected and massive in scale, that they fundamentally changed the course of history. There are good Black Swans (the unpredicted rise of the internet), and bad Black swans (rise of Hitler). The absurdity of a Black Swan ever existing was so outrageous during the middle ages it became a metaphor for the laughably impossible. In today's world we might comparably say something about snowball's chance in Hell. For many centuries, the metaphor existed until about the year 1700 they were discovered to actually to....
Bitcoin price is trading near $50,000 and the uptrend appears to be just now getting under way. So why then, is the author of the Black Swan, Nassim Nicholas Taleb choosing now to sell his BTC? His credentials also include options trader, mathematician and risk analyst. Is his warning something investors should seriously heed – or has he got it all wrong this time? Black Swan Author Blasts Crypto Investors, Begins Selling Bitcoin Nassim Nicholas Taleb upset […]
Back in March of 2020, those taking position ahead of the Bitcoin halving were blindsided by the Black Thursday market selloff, driven by panic at the onset of the COVID pandemic and subsequent lockdowns. With the new Omicron strain making headlines, and lockdowns once again considered, could the cryptocurrency market be facing another dangerous macro storm and catastrophic collapse? Omicron & The Return Of The Black Swan Trend Line According to Wikipedia, a black swan is “an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact....
There might not be much new to worry about when it comes to the FTX aftermath and Bitcoin resilience. Bitcoin (BTC) will recover from the FTX “black swan event” just like other setbacks, trading team Stockmoney Lizards believes.In a tweet on Nov. 12, the popular commentator argued that the week’s events were actually nothing new for Bitcoin.FTX "a real black swan event"Despite falling 25% in days, BTC/USD is not doomed as a result of the insolvencies impacting FTX, Alameda Research and possibly other major crypto companies.For Stockmoney Lizards, the unravelling, while sudden, is not....
Bitcoin buying program Swan Bitcoin has launched Swan Private, a service designed for high-net-worth and institutional bitcoin investors. The post Swan Bitcoin Launches Service For High-Net-Worth Clients And Institutions appeared first on Bitcoin Magazine.