Search content
Sort by
Showing 5 of 5 results by BTC_Roe
$5000 incoming!
Wonder if we get 65% refund now
Wonder if we get 65% refund now
That would depend on the number of BTC in wallets in possession of BTC-e and that is for me totally unclear upto now. (and because of that Bitcoin Cash amount also unclear) I made the calculations before in this thread. It doesn't add up.
maybe they can use other exchanges if it would take such a long time. A lot of countries accept this also between banks. So if you are verified within e.g. bitstamp or Polo (offcourse you need to be at verified level) and you send 0.00x coin to the new BTC-e then in a way you are verified and verifiable by law if they would have a case to check. In that case you would also stay anonymous for the new BTC-e.
Or maybe we should invent/use an ident blockchain for that. Sending out ID photos seem somewhat outdated in these days.
Or maybe we should invent/use an ident blockchain for that. Sending out ID photos seem somewhat outdated in these days.
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?
BitFinex bought back the tokens, but primarily it was about trust that people started paying higher amounts of money for the tokens.
"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.
(but i could be wrong about that.)
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'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 you understand it correctly. But;
- It is uncertain what pairs there will be to trade on and i doubt FIAT will come back.
- There is no guarantee that you will get 100% off your money back with the tokens.
- There is third option, say it is indeed 20 cents/dollar than you could buy those tokens and sell them if they are higher in price.
to give you an idea, the Bitfinex token price (same kind of deal)
https://coinmarketcap.com/assets/bfx/#charts
You will be getting 55% of the coins, it states they take 45% OFF not that you get 45%. That is also in line with the comment that they recouped 55%
Open questions for the 55% are for me still:
What day did they take for the rate calculation? e.g. today you can see in the ETH wallet 50 million USD more than 2 weeks ago.
Is Bitcoin Cash indeed incorporated in this calculation.
What seems odd to me is the following. we know there was a fine of roughly 110 Million, say that is frozen/payed for completely. That should then be the total loss and equal the 45%. if the losses are 45% that means they 110/45%*100%= 244Million USD should be the total amount that BTC-e had before the seize.
What do they have (USD):
- 143 million Ether (wallet 0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6)
- 6 million LTC https://chainz.cryptoid.info/ltc/address.dws?LMiB7oeBTMdwZg8VKjcCiguseodYYaixLP.htm
- 6 million PPC https://chainz.cryptoid.info/ppc/address.dws?PJoTa6ScCbtP23aJfDUg88do79t14FWUXW.htm
- 13 million small coins (i saw some wallets coming by, i think they all were like 4-5million per coin.
- 100 million BTC (There should have been at least the same amount in Bitcoin as in in Ether so to be on the save side put it at 100 million)
- 10 million BTC Cash (10% of BTC)
- Lost 110 million fine
That totals 388 million at least. so it can't be 45% loss in that case. (110/388=28% loss)
If i only take the ether in account 143 million Ether (wallet 0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6) then it would add up. (143M + 110M Fine) but that would mean that all other coins are gone and that is not what BTC-e is stating (primarily fiat lossed)
So...
a) they are counting with old rates (that would be positive for the end % because the 55% would go up)
b) Someone took/froze/stole a lot more than the 110 Million Fine.
Your thoughts?
Open questions for the 55% are for me still:
What day did they take for the rate calculation? e.g. today you can see in the ETH wallet 50 million USD more than 2 weeks ago.
Is Bitcoin Cash indeed incorporated in this calculation.
What seems odd to me is the following. we know there was a fine of roughly 110 Million, say that is frozen/payed for completely. That should then be the total loss and equal the 45%. if the losses are 45% that means they 110/45%*100%= 244Million USD should be the total amount that BTC-e had before the seize.
What do they have (USD):
- 143 million Ether (wallet 0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6)
- 6 million LTC https://chainz.cryptoid.info/ltc/address.dws?LMiB7oeBTMdwZg8VKjcCiguseodYYaixLP.htm
- 6 million PPC https://chainz.cryptoid.info/ppc/address.dws?PJoTa6ScCbtP23aJfDUg88do79t14FWUXW.htm
- 13 million small coins (i saw some wallets coming by, i think they all were like 4-5million per coin.
- 100 million BTC (There should have been at least the same amount in Bitcoin as in in Ether so to be on the save side put it at 100 million)
- 10 million BTC Cash (10% of BTC)
- Lost 110 million fine
That totals 388 million at least. so it can't be 45% loss in that case. (110/388=28% loss)
If i only take the ether in account 143 million Ether (wallet 0x8eb3fa7907ad2ef4c7e3ba4b1d2f2aac6f4b5ae6) then it would add up. (143M + 110M Fine) but that would mean that all other coins are gone and that is not what BTC-e is stating (primarily fiat lossed)
So...
a) they are counting with old rates (that would be positive for the end % because the 55% would go up)
b) Someone took/froze/stole a lot more than the 110 Million Fine.
Your thoughts?