esse83
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August 28, 2014, 11:20:00 PM

the fail of Gox makes me wonder if the last 3 bubbles were all driven by Gox, now that Gox has failed we didn't see any bubble, isn't possible that Mark artificially pumped the price ?

Edit: this means that he was out of money for a long time, so he decided to add Litecoin as a new source of money... everything is possible

I have been claiming this for a long time now. Just read the willy report and it all makes sense. He pretty much ran a ponzi scheme with bitcoin to keep his business afloat. As with all ponzi schemes it comes to an end. What we are seeing is the slow bleeding out and return to normal  (less than $100). No more bubbles, and that last one i april/may was just old money pumping and then dumping for a 100% retracement. With Gox that would never have happened. Let's ponder that fact.