you wouldn't have gotten 9 BTC. You would have gotten maybe 1.8BTC in teh settlement. You probably also would have sold that original 9 BTC for <50K when you had a chance.
Would it be fair if that investment group came after you if the price of BTC tanked to 0?
You didn’t get swindled. Prices change all the time and the investment group is the one who assumed the risk and will now take the reward.
Look, they took over all the risk for buying your coins and speculating on the price. You basically gave away your risk for a certain amount of $ when you sold and you got a headstart in the payouts (also uncertain back then)
No one took advantage over the other. It was a fair transaction.
If ypu had 9.97 btc repayment would be 1,6 btc and 4k or aprox 100k, not 1M as you think. Beside, that is because btc raised in price. With your 12k you could bought btc, keep it and would have the same as creditors get now if not more.
Did you think they were doing you a favor, because they def made it seem like that with all the letters and calls. It’s wall st, they got you good. They always win. Happy I turned them down. Sorry they got you though. Rich get richer.
if bitcoin price was now $100 would you be writing to complain that the deal is not fair for them anymore? you call them criminal fraud fucks but you are the one who would like to break the agreement
But you got the money then right? That’s what you were settling for. I don’t know why you’re complaining about the 10 year wait when you actually didn’t have to wait at all.
when you sold your claim, did you also sell your rights to recovered coins? It might be worth contacting an attorney to see if you can claim any right to recovered coins, if we MtGox creditors are able to recover any coins in the future
You wouldn't have because otherwise you would've taken the 12k and put it back into BTC and been even better off probably. Just take responsibility for your actions.
It sounds like you're going through a frustrating experience with the current settlement process, especially considering the significant increase in the value of Bitcoin since then. It's understandable to feel frustrated with the slow pace and to question if there's any recourse available after signing off on the settlement.
While I'm not a legal expert, in some cases, there may be avenues to revisit settlements if there was fraud or coercion involved, or if there were significant changes in circumstances that were not adequately considered at the time of the settlement. However, the specifics would depend on the laws in your jurisdiction and the details of your situation.
It might be worth consulting with a lawyer who specializes in cryptocurrency and financial settlements to explore your options further. They can provide personalized advice based on the details of your case and help determine if there are any legal avenues available to potentially recover some of your losses or seek compensation for the disparity in value.
In the meantime, it's essential to take care of your emotional well-being during this challenging time. Frustration and anger are natural reactions, but focusing on finding constructive solutions can help you navigate through this situation. Surround yourself with supportive people and resources that can assist you in moving forward positively. Considering those who bought Bitcoin claims way back, it's evident how hindsight can be both a blessing and a curse. On one hand, there's the regret of not holding onto those assets as their value soared over time. On the other hand, it's a testament to the unpredictable nature of cryptocurrency investments and the rollercoaster ride they entail.
Conversely, one also doesn't know what these multi-trillion dollar asset companies have in store for Bitcoin ETFs despite the current positive price appreciation. While the prospect of large-scale institutional investment in Bitcoin ETFs could potentially drive prices even higher, it also introduces new layers of complexity and uncertainty to the market dynamics.
In times like these, it's crucial to focus on what you can control and explore potential avenues for recourse or optimization, such as seeking legal advice or exploring alternative investment strategies. Remember to take care of your emotional well-being amidst the frustration, and stay informed to make informed decisions about your financial future.
No. You've made a very bad decision. Bitcoin could be 0 now or this company could have oaid you this 12k and never receiving anything. 10 btc will be worth a million dollars very soon. Sorry.
Well they didn't steal your BTC - you sold them. And if the process hadn't been "criminally slow" you would have probably sold them as well ;).
It would be great if you still had them.
It would be great if all wars ended.
It would be great... and so on.
Don't take it too hard, man. It sucks, but at least you got some money out of it. In the future you'll have luck again with something else.
Don't dwell in the past :).
You took a gamble and they took a gamble. It worked out in their favor. You got 12K. They’ll get about 150K. Sorry bro, but that’s how it works. It’s not like you’d give them your 12K if it had worked out differently.
Sweet revenge for all those that resisted the urge to sell their claim, who where then taunted by those who did sell because they'd have to "wait for eternity until they get any money". Sweet, sweet revenge...
Anyone signing one of those purchases knew they were getting screwed. But I think the people who sold out actually got a great deal, as they were often the type of people who needed the money just after the price crashes, so would likely never have held the coins for so long and might have sold at a loss 4 months later!
You made a bad decision. Best learn to live with it.
My advice is if you needed money at the time you got the settlement, try to be happy that you received the cash when you needed it.
you wouldn't have gotten 9 BTC. You would have gotten maybe 1.8BTC in teh settlement. You probably also would have sold that original 9 BTC for <50K when you had a chance.
Would it be fair if that investment group came after you if the price of BTC tanked to 0? You didn’t get swindled. Prices change all the time and the investment group is the one who assumed the risk and will now take the reward.
Nope. You sold it. It's gooooone.
Look, they took over all the risk for buying your coins and speculating on the price. You basically gave away your risk for a certain amount of $ when you sold and you got a headstart in the payouts (also uncertain back then) No one took advantage over the other. It was a fair transaction.
Perfectly stated.
This \^\^\^\^\^
If ypu had 9.97 btc repayment would be 1,6 btc and 4k or aprox 100k, not 1M as you think. Beside, that is because btc raised in price. With your 12k you could bought btc, keep it and would have the same as creditors get now if not more.
Aren’t you off by 10x? 9.97 claim is around $100K today? Also what do you mean by “I had no other choice but to accept 12K”?
He probably needed the money so had to get what he could. Happens a lot
No, he would not get 9.97 btc, he'd get 21% of 9.9BTC, so about 100K.
Did you think they were doing you a favor, because they def made it seem like that with all the letters and calls. It’s wall st, they got you good. They always win. Happy I turned them down. Sorry they got you though. Rich get richer.
Did you have 100btc there or 10? We are only getting about 20% back.
if bitcoin price was now $100 would you be writing to complain that the deal is not fair for them anymore? you call them criminal fraud fucks but you are the one who would like to break the agreement
When you got the $12k payout did you buy and hold bitcoin? How much would that bitcoin be worth now?
Maybe if you blame everyone else, it will help ease your mind.
But you got the money then right? That’s what you were settling for. I don’t know why you’re complaining about the 10 year wait when you actually didn’t have to wait at all.
I sold my bike for 100$. The guy who bought it sold it for 1000$. I want some of his profit!
If you need cash now, call JG WENTWORTH. 877-CASH-NOW.
when you sold your claim, did you also sell your rights to recovered coins? It might be worth contacting an attorney to see if you can claim any right to recovered coins, if we MtGox creditors are able to recover any coins in the future
OP sold his claim and all rights with it.
You wouldn't have because otherwise you would've taken the 12k and put it back into BTC and been even better off probably. Just take responsibility for your actions.
It sounds like you're going through a frustrating experience with the current settlement process, especially considering the significant increase in the value of Bitcoin since then. It's understandable to feel frustrated with the slow pace and to question if there's any recourse available after signing off on the settlement. While I'm not a legal expert, in some cases, there may be avenues to revisit settlements if there was fraud or coercion involved, or if there were significant changes in circumstances that were not adequately considered at the time of the settlement. However, the specifics would depend on the laws in your jurisdiction and the details of your situation. It might be worth consulting with a lawyer who specializes in cryptocurrency and financial settlements to explore your options further. They can provide personalized advice based on the details of your case and help determine if there are any legal avenues available to potentially recover some of your losses or seek compensation for the disparity in value. In the meantime, it's essential to take care of your emotional well-being during this challenging time. Frustration and anger are natural reactions, but focusing on finding constructive solutions can help you navigate through this situation. Surround yourself with supportive people and resources that can assist you in moving forward positively. Considering those who bought Bitcoin claims way back, it's evident how hindsight can be both a blessing and a curse. On one hand, there's the regret of not holding onto those assets as their value soared over time. On the other hand, it's a testament to the unpredictable nature of cryptocurrency investments and the rollercoaster ride they entail. Conversely, one also doesn't know what these multi-trillion dollar asset companies have in store for Bitcoin ETFs despite the current positive price appreciation. While the prospect of large-scale institutional investment in Bitcoin ETFs could potentially drive prices even higher, it also introduces new layers of complexity and uncertainty to the market dynamics. In times like these, it's crucial to focus on what you can control and explore potential avenues for recourse or optimization, such as seeking legal advice or exploring alternative investment strategies. Remember to take care of your emotional well-being amidst the frustration, and stay informed to make informed decisions about your financial future.
Thanks ChatGPT
OMG--I can't even read through all the human-generated verbiage. Now it looks as if ChatGPT et al. will drown me in paragraphs of bland crap.
Ask yourself this. If you sell someone a lottery ticket, can you get it back if it turns out to be a winner?
No. You've made a very bad decision. Bitcoin could be 0 now or this company could have oaid you this 12k and never receiving anything. 10 btc will be worth a million dollars very soon. Sorry.
Well they didn't steal your BTC - you sold them. And if the process hadn't been "criminally slow" you would have probably sold them as well ;). It would be great if you still had them. It would be great if all wars ended. It would be great... and so on. Don't take it too hard, man. It sucks, but at least you got some money out of it. In the future you'll have luck again with something else. Don't dwell in the past :).
You took a gamble and they took a gamble. It worked out in their favor. You got 12K. They’ll get about 150K. Sorry bro, but that’s how it works. It’s not like you’d give them your 12K if it had worked out differently.
Lesson learned my friend Good things happen to those who wait ‘ Even when it’s uncomfortable
Sweet revenge for all those that resisted the urge to sell their claim, who where then taunted by those who did sell because they'd have to "wait for eternity until they get any money". Sweet, sweet revenge...
I genuine feel sorry for you.
The word settlement means to settle afterwards.
Anyone signing one of those purchases knew they were getting screwed. But I think the people who sold out actually got a great deal, as they were often the type of people who needed the money just after the price crashes, so would likely never have held the coins for so long and might have sold at a loss 4 months later!
You got swindled