Can anyone verify if you have to go through verification to receive a 1:1 payout in the associated token when Wex has the necessary funds to do so?

Can someone explain to me how this will drive the price of btc higher? So if futures allow two parties to exchange an asset at a specified price at an agreed upon date in the future and the settlement is made in cash how is bitcoin having any sort of impact on how this impacts the price? I guess because the asset (btc) is being traded???

Where do you live if I may ask?

https://www.cryptocoinsnews.com/john-mcafees-1-million-bitcoin-price-bet-leaves-even-the-most-ardent-bitcoin-opponents-praying-that-hes-right/

I sure hope for everyones sake he is spot on.

Do you have to be verified in order to obtain the 1:1 token payback? As WEX buys back more and more tokens will the ratio get closer and closer to 1 rather than .5 what is is now?

I hope to god for everyone's sake that this is just a glitch when one completes verification that all balances revert to 0. I also want to believe WEX are good citizens and merely are backed up by thousands of account glitches from the verification. I honestly think that if WEX truly wanted to screw people over they would have done so way before opening the site or wouldn't have even started a new site. I think all will be well and taken care of in due time.

I'm sorry where did I state I reside in the USA? I along with many others are apprehensive about verifying due to the past history with btc-e/wex. I do not want all my documentation for them to have so as a result I might not have the chance to fully recover all my token value if I do not verify. So essentially I am in the same boat as the Americans. Just because I made that statement you implied I was a US citizen, shame you make accusations like that.

Did anyone notice that in order for Wex to payout the tokens IOU's they need to go through the verification process? Anyone from the US basically won't be able to recover a full 1:1 from Wex essentially correct? I have a large amount of tokens but I don't want a nearly 60% loss on them.

Isn't btc-e going to release another FAQ regarding verification today so people can make a educated decision to withdraw today or not?

I would kiss your feet if you could do that but how would one go about doing that and how could I trust you don't run away with my btc? I would be prepared to pay an excellent fee for a service like this given it is trustworthy

How many US users are going to stay and keep their 45%? I had 22 btc and don't want to lose those other 10. How many would go the length of having a friend/relative doing the verification process who lives outside the US if they totally ban all withdraws. I really hope they have a small withdraw option for non verified users I.e. Americans. I just won't stand to see 10 btc get flushed down the toilet

So the BTE token will be issued at 45% of the total value of said coin at the end of August and the BTE will be equivalent to 1USD? How was it that the Bitfinex BFX coin almost reached $1? After the initial selling off of the tokens how and why does the price begin to stabilize on the tokens?

So the way I read this statement

"If you have a balance in BTE, then you will be credited with 45% in koin (the amount will be divided into 7 different coins equally BTC, LTC, NMC, NVC, PPC, ETH, DSH) and write off the amount of 45% in BTE"

does this mean that given x amount of BTE issued at the start of the new exchange, if I were to "sell" say all my BTE tokens (Which would be a lot considering 45% of my original 22 btc) , I would be awarded 7 different coins? It seems like you are bound to lose a substantial amount regardless what route you take.

Can someone explain to me the whole BTE thing like I am 5 years old? So when I receive my 45% worth of BTE tokens can I trade them for BTC or ETH or fiat? Now I assume when people get their tokens the BTE price will crash to like .20c so essentially we will only get like 60-70% back if we sold our BTE tokens right away? By holding BTE tokens will you almost guarantee you will reclaim your 45% losses? But at the same time if you sell BTE for BTC for 20cents on the dollar right away, and btc matures considerably wouldn't you be better off in the long run?

I'm trying to make sense of everything as I had 22btc on btc-e and am really nervous about the BTE and how to handle the situation to get 100% back, but also100% back into BTC.

I am a newbie when it comes to this stuff and need some guidance how the whole token scheme works.

I think it's due to the threat of BTC hard fork, but hopefully this does not happen.

Very small chance imo. Has there been any confirmation of the chinese situation?

Thats what im saying, if it will almost certainly go down, why not sell now and buy back cheaper?

well the only reason I suggested this is that it is almost sure that the price will drop to $400 or lower and I wouldn't do it if I was on the fence about the price. I can't buy more really if it drops due to having to pay rent and other expenses

All technical and news relating to the Chinese have been pointing at btc easily reaching $400 or less. I have bought coins at an average of like $600 so I just wanted to hear the opinions of whether its not a bad idea to sell now and buy back more when it hits $400 or less.

So I have like 33 BTC and have a buy average of 705 USD as I got in the game late. Is it smart to just sell at a loss now in hopes the price will go down to the $400 to $500 range where I can get more btc for the price even though I will be still at a loss until like $650. I know a lot of you will be saying I should have sold earlier but I am a newbie and just kept hodling.

What rough estimate price do you think and how soon we will see before our slow progression back to normality? $380's maybe?