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RE: What are the just issued Bitfinex Tokens (BFX) worth? 3%: Overview, Roses & Thorns, Quick Analysis

in #bitcoin8 years ago

I posted this on the other article, but figured I'd share my opinion here as well.

Many assumptions are in your math above. First let me discuss the money owed to customers. Roughly 70 million tokens were issued with $1 being par with each token. Many of those shares will be given the chance to become actual shareholders in Bitfinex. I know of some folks who are eager to own the largest $ exchange of BTC.
This will greatly decrease BFX's outstanding liability on a debt basis. I also know of interested parties who MIGHT give BFX a cash infusion for an equity stake. This is the time for them! You buy when there is blood in them there streets and it's mighty bloody out there.
I personally believe the above and a couple options not mentioned will greatly reduce the debt BFX owes it's customers. Traders are likely to not only return in strength, but new customers as well. Your sample day of volume is about to rise significantly. I traded professionally for many years and I'm a contrarian by nature. Disclosure: I have a large position in BFX tokens and it's going to get larger. Bitfinex can actually come out of this situation stronger than ever!

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