good question. maybe they will lose their manipulation powers over themselves and give it to someone else? 
Or spread it across many people. That, I think, would be better. 
Topic: bitcoin price manipulated: mtgox (Read 1263 times)
Eventually peopel will have there USD out of gox.
good question. maybe they will lose their manipulation powers over themselves and give it to someone else?
And assuming this true, why will this only last so long and not forever?
because people need to make real money to survive and preferably even feed their greed
And assuming this true, why will this only last so long and not forever?
bitcoin price is currently manipulated by mtgox, this can only last so long though
people cant get USD out, so MtGox buys any high volume selling pressure with fake USD to fix the price.
to get USD out high networth persons have to buy bitcoins again, buying back from mtgox ofcourse, nullifying the initial buy but still losing 1.2%. Then, they must sell on another exchange, thats why price on other exchanges are way down and getting lower as more people succumb to the scam portrayed by mtgox.
good luck
people cant get USD out, so MtGox buys any high volume selling pressure with fake USD to fix the price.
to get USD out high networth persons have to buy bitcoins again, buying back from mtgox ofcourse, nullifying the initial buy but still losing 1.2%. Then, they must sell on another exchange, thats why price on other exchanges are way down and getting lower as more people succumb to the scam portrayed by mtgox.
good luck
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