humanitee
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 501


CRYPTO BANKING ECOSYSTEM


View Profile Personal Message (Offline)

Ignore
February 16, 2014, 07:39:38 PM

Much more reasonable than this conspiracy about Mark manipulating the price is to think that someone has a lot to gain shorting btc on gox because it is holding a position on some derivative market somewhere that benefits from a low GOXBTC price.

MtGox isn't insolvent, anyone who is selling their coins now because of this fact will be feeling raped by a giant japanese octopus in a few weeks.

Besides that it is easy to realize that he has a business that generate ~100K USD/Day, why would he "manipulate" the price and crash his own exchange exposing himself to the risk of being even murdered? He has a lot more incentives to keep the business up and running, more than anyone here.

Stop with this insolvency nonsense, there is absolutely no evidence regarding that, to the contrary, there are huge evidences that he have a lot of money to maintain his business through the fees he is charging.


Yeah but letting this happen on his exchange is killing the last shreds of respect people might have for Gox. He should freeze everything right now and then make a clear, honest statement whenever he is ready.

Stop making sense.