From the way this keeps happening I can't help wondering if it's a deliberate attempt to damage confidence in BTC rather than a way to make money or simple incompetence. Now, who would both be able to afford to do this and benefit from it? Maybe I'm just being paranoid but I can't help suspecting the US government or their banks - neither of whom are famous for playing fair or even obeying the law. They could cause trouble like this with their spare change.
I don't think a tin foil hat is necessary to consider them capable of malicious behaviour, they have a long history of it.
I don't think a tin foil hat is necessary to consider them capable of malicious behaviour, they have a long history of it.
or it's a way to soften up the meat before you *really* bite into it...
I don't think anyone is going to take a big bite until MtGox no longer determines the price of the Bitcoin market. It really is laughable when you think about it. I think everyone is really just waiting for the next gen exchanges.
Nothing of the same generation can surpass Mt.Gox. We need the Dealer Network, developed here.
I think it takes about 3 weeks from this day to the inauguration of the daily fixing. I mean that you can skip gox from that day on doing OTC. 3 months for this to take out the volume from Gox also.