Is Gox to be blamed? - page 2. | Bitcointalksearch.org

AnswerQuestion

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Quote from: CoinCidental on January 17, 2015, 09:50:30 AM

Quote from: Melbustus on January 15, 2015, 04:59:26 AM

Quote from: dropt on January 15, 2015, 04:48:30 AM

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors? Cheesy

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

I would disagree. btc-e has never gotten hacked. On the other hand gox was hacked on a regular basis and it's overall security setup was a joke

stellar69

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Quote from: CoinCidental on January 17, 2015, 09:50:30 AM

Quote from: Melbustus on January 15, 2015, 04:59:26 AM

Quote from: dropt on January 15, 2015, 04:48:30 AM

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors? Cheesy

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

I agree to this. BTC-e is being run by russians. they are kind of completely anonymous.
but i think at this point of time there is no use runnning away with large funds because it will create bitcoin to fall down more and more. and if btc-e betrays people then we will need the bitcoin foundation to run an exchange(hope those guys are trusted).

CoinCidental

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Si vis pacem, para bellum

Quote from: Melbustus on January 15, 2015, 04:59:26 AM

Quote from: dropt on January 15, 2015, 04:48:30 AM

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors? Cheesy

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

i guess btc-e will be the next gox, its probably just a matter of time IMO

stellar69

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Quote from: waterpile on January 16, 2015, 07:59:35 PM

Quote from: puzzel.me on January 16, 2015, 04:53:02 PM

Quote from: stellar69 on January 08, 2015, 04:14:24 AM

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down .
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

Agree that gox was behind pushing the coin down to such lows. But now we are seeing a new co consistent low. What caused this?

scammers and hackers may have caused it. they are getting big chunks of coin doing bad things

would you care to specify that what kind of hackers and spammers are you talking about?
what was the latest scam in recent times that could have caused this low?

waterpile

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Quote from: puzzel.me on January 16, 2015, 04:53:02 PM

Quote from: stellar69 on January 08, 2015, 04:14:24 AM

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down 👇.
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

Agree that gox was behind pushing the coin down to such lows. But now we are seeing a new co consistent low. What caused this?

scammers and hackers may have caused it. they are getting big chunks of coin doing bad things

puzzel.me

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Quote from: stellar69 on January 08, 2015, 04:14:24 AM

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down 👇.
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

Agree that gox was behind pushing the coin down to such lows. But now we are seeing a new co consistent low. What caused this?

stellar69

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Quote from: picolo on January 15, 2015, 07:20:26 AM

Quote from: AmazonStuff on January 11, 2015, 10:36:19 AM

As the biggest theft in bitcoin history (750 000 - 850 000 BTC lost) it is probably the only reason why bitcoin price is going down. Why? Whoever stole those coins didn't invested anything, he didn't work to get those coins, he is not emotionally attached to those coins, it is profitable for him to dump them at whatever price it is, he is probably capable of mixin and hiding BTC trails, he is the whalebeardumper, he sells those coins completely legally on the big number of exchanges and he is the reason why our economy is having some rough time.

It is possible that the heackers are not very interested in BTC, they may keep some BTC but they prefer to cash out to have some fiat.

You should stop believing in the "hackers" theory. It was the company itself and mark who ran away with the coins. Everything that happened after it(bankruptcy claims and shit) were all fake just to calm down people.

picolo

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Quote from: AmazonStuff on January 11, 2015, 10:36:19 AM

As the biggest theft in bitcoin history (750 000 - 850 000 BTC lost) it is probably the only reason why bitcoin price is going down. Why? Whoever stole those coins didn't invested anything, he didn't work to get those coins, he is not emotionally attached to those coins, it is profitable for him to dump them at whatever price it is, he is probably capable of mixin and hiding BTC trails, he is the whalebeardumper, he sells those coins completely legally on the big number of exchanges and he is the reason why our economy is having some rough time.

It is possible that the heackers are not very interested in BTC, they may keep some BTC but they prefer to cash out to have some fiat.

Melbustus

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Quote from: dropt on January 15, 2015, 04:48:30 AM

So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors? Cheesy

GOXED FROM THE GRAVE!

I still feel like there's potentially one more Goxing out there somewhere, somehow.

dropt

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So I've seen the number that 250,000 BTC sold off. While that's probably people misinterpreting the trading volume as pure selloff volume, wouldn't that be SOME SHIT if we found it was the remaining GOX coins being liquidated to repay creditors? Cheesy

GOXED FROM THE GRAVE!

stellar69

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Quote from: AmazonStuff on January 11, 2015, 10:36:19 AM

As the biggest theft in bitcoin history (750 000 - 850 000 BTC lost) it is probably the only reason why bitcoin price is going down. Why? Whoever stole those coins didn't invested anything, he didn't work to get those coins, he is not emotionally attached to those coins, it is profitable for him to dump them at whatever price it is, he is probably capable of mixin and hiding BTC trails, he is the whalebeardumper, he sells those coins completely legally on the big number of exchanges and he is the reason why our economy is having some rough time.

Werent some coins returned back to the people?

Quote from: SirChiko on January 11, 2015, 12:38:00 PM

Quote from: AmazonStuff on January 11, 2015, 10:36:19 AM

As the biggest theft in bitcoin history (750 000 - 850 000 BTC lost) it is probably the only reason why bitcoin price is going down. Why? Whoever stole those coins didn't invested anything, he didn't work to get those coins, he is not emotionally attached to those coins, it is profitable for him to dump them at whatever price it is, he is probably capable of mixin and hiding BTC trails, he is the whalebeardumper, he sells those coins completely legally on the big number of exchanges and he is the reason why our economy is having some rough time.

How do you know it wasn't the CEO? Roll Eyes

how does it matter that who was it? A thief is a thief.

SirChiko

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Quote from: AmazonStuff on January 11, 2015, 10:36:19 AM

As the biggest theft in bitcoin history (750 000 - 850 000 BTC lost) it is probably the only reason why bitcoin price is going down. Why? Whoever stole those coins didn't invested anything, he didn't work to get those coins, he is not emotionally attached to those coins, it is profitable for him to dump them at whatever price it is, he is probably capable of mixin and hiding BTC trails, he is the whalebeardumper, he sells those coins completely legally on the big number of exchanges and he is the reason why our economy is having some rough time.

How do you know it wasn't the CEO? Roll Eyes

AmazonStuff

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As the biggest theft in bitcoin history (750 000 - 850 000 BTC lost) it is probably the only reason why bitcoin price is going down. Why? Whoever stole those coins didn't invested anything, he didn't work to get those coins, he is not emotionally attached to those coins, it is profitable for him to dump them at whatever price it is, he is probably capable of mixin and hiding BTC trails, he is the whalebeardumper, he sells those coins completely legally on the big number of exchanges and he is the reason why our economy is having some rough time.

stellar69

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Quote from: ?? on ??

I believe by late 2013 gox wasn't the leading exchange anymore.

Gox was leading. It held the largest amount of bitcoins at that time. Btc-e and gox were the major players. I saw a lot of people buying on btc-e and selling on gox.

finlon

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Quote from: stellar69 on January 08, 2015, 04:14:24 AM

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down 👇.
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

You could also call it the reason why a lot of people gave up on bitcoin. A lot of people lost a lot of money because of it.

stellar69

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Quote from: Brad Pitt on January 08, 2015, 09:39:38 AM

Quote from: stellar69 on January 08, 2015, 04:14:24 AM

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down 👇.
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

I think it is to be blamed as the fake trades artificially inflated the price, but bitcoin is bigger than one exchange and I believe it will bounce back eventually. We need to keep the faith and keep spreading adoption in the meantime, though.

Gox was the big daddy! It was the biggest exchange and yes so I believe that one exchange could have brought fucking drastic changes.

stellar69

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Quote from: picolo on January 08, 2015, 08:36:01 AM

Quote from: stellar69 on January 08, 2015, 04:14:24 AM

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down 👇.
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

1200$ was only of gox and localbitcoins and 100$ was only on gox but there was a lot of Bitcoin skepticism because of gox and there has a lot of skepticism now because of bitstamp. If bitstamp only lost 19 000 BTC and can prove they are solvent, the price should recover.

I sometimes wonder that why don't gambling websites(without any investments) get hacked? Why is it always when there a lot of people's money involved, you get goxed?

SirChiko

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Quote from: stellar69 on January 08, 2015, 05:36:14 AM

Quote from: fildza on January 08, 2015, 05:33:04 AM

Quote from: stellar69 on January 08, 2015, 05:00:14 AM

Quote from: newIndia on January 08, 2015, 04:19:15 AM

Bitcoin reached 1200 due to willybot. That was an inflated price. Read more about it here => http://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/

I agree that at that time gox was manipulating the prices a lot, but still they were able to make bitcoin reach 1200$ and this price automatically got reflected on other exchanges too.
But it wasn't "just" the willy bot that caused this, at that time halvening also happened and that reduced the dumping in the exchanges.

Still if gox was still there I believe that the price would not have gone down to such disastrous figures.
Just wanted to know people's view.

Yes you can say that gox effect much for the bitcoins prices to fall down but that not only cause of price increase or decrease. The number of demand from other peoples are the major cause I think

What kind of demand are you talking about? The buying demand of the people? If that would have been there then the prices would have increased instead of falling down.

Logicaly buying demand gone down after alot of investors got scared that bitcoin could have "security bugs" but it's basicaly dox to blame.
Willy is FUD.

thrax

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Quote from: stellar69 on January 08, 2015, 04:14:24 AM

Last year when MtGox apparently got "hacked" we saw bitcoin coming down to $100(for a few minutes) from $1200.
Since then bitcoin has been constantly going down 👇.
If gox thing didn't happen do you think that bitcoin still would have been at around $1000?
So is gox to be blamed for this downfall?

Bitcoin has hit peak prices and crashed down again too often to blame Gox. It would have happened anyway.

smalltimer

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gox is partially to blame, absolutely. But what was the final nail in the coffin was it's own inflation.

Topic: Is Gox to be blamed? - page 2. (Read 4120 times)