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Topic: Mt Gox all over again *** WARNING *** Heads up this rise is too fast - page 2. (Read 2337 times)

legendary
Activity: 2576
Merit: 1087
mtgox again!? excellent looking forward to the 24,000% increase, think i might cash out a few mB when it hits about $30k Cheesy
legendary
Activity: 1176
Merit: 1000
Fud fud fud.

Some of you weren't around during the previous two bubbles. This is a tame rise by comparison. We may be overbought, but that does not imply a new gigantic fraud.
sr. member
Activity: 364
Merit: 250
FDIC ain't gonna protect you from price risk.  Even if every coin you buy is legit, the price may still drop precipitously due to the shenanigans of others.
staff
Activity: 3500
Merit: 6152
What do you mean by same situation as Mt.gox ? "We got hacked" scenario ? If yes then I don't think this will happen , I mean it will be just too obvious lol , and they will all get arrested .
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I'm willing to bet that this is the first time almost everyone has been directly exposed to how the Chinese do business. Honesty and transparency isn't too high up in the vocabulary. It's a shame that everywhere else is still slaved to them. Looks like everyone is dazzled by some fancy numbers even when they're probably being made up.
legendary
Activity: 1498
Merit: 1030
I'm more inclined to think that it's about the Chinese economy and the Yuan tanking despite the efforts by their government to prop both up in recent months.
full member
Activity: 196
Merit: 100
Digital Credits
There is a gap of 30$ in price across the exchanges and the price drivers are mainly OKcoin and Huobi rest of them are just followers.

I bet there is Mt Gox type of situationg going on again price is being pumped with faked transactions fiat/bitcoins.

http://coinmarketcap.com/currencies/bitcoin/#markets

Just watch it. I suspect these 2 exchanges.

Are you wearing a tinfoil hat? The exchange I trade on is FDIC insured so I can't get Goxed. And a price pump has nothing to do with Mt. Gox, as it was a theft, not a pump.

May I ask which exchange if FDIC insured?

Coinbase and Gemini are FDIC insured as they are both banks. And Banks are required to be insured. Well the US dollars are FDIC insured, but the bitcoin is also insured on both exchanges. 0% chance of a Mt. Gox. ZERO! 
legendary
Activity: 3542
Merit: 1352
Cashback 15%
It's too early to tell if massive manipulation is at play.

For us, the other exchanges are the ones who determine our price anyway, and they are following much slower.

Might be cheap to get yuans if you plan a trip to china this way! Wink

Not too early. We are 6 weeks consecutive greens right now. Idk if that has something to tell us whether this is just manipulation at its finest or not. Huobi and OKCoin holds the majority of the traded coins (which is not surprising). Also, seeing that there is a steady increase in price, the masses might as well join the trip to the moon.
hero member
Activity: 546
Merit: 500
There is a gap of 30$ in price across the exchanges and the price drivers are mainly OKcoin and Huobi rest of them are just followers.

I bet there is Mt Gox type of situationg going on again price is being pumped with faked transactions fiat/bitcoins.

http://coinmarketcap.com/currencies/bitcoin/#markets

Just watch it. I suspect these 2 exchanges.

The gap could be down to arbitrage taking longer from china to europe/usa. If europe/usa drive the price they have been ahead in the past. If the exchanges are faking it i really dont care, it means they can fake it due to having enough people interested so it kinda is bullish itself.
full member
Activity: 602
Merit: 100
There is a gap of 30$ in price across the exchanges and the price drivers are mainly OKcoin and Huobi rest of them are just followers.

I bet there is Mt Gox type of situationg going on again price is being pumped with faked transactions fiat/bitcoins.

http://coinmarketcap.com/currencies/bitcoin/#markets

Just watch it. I suspect these 2 exchanges.

Are you wearing a tinfoil hat? The exchange I trade on is FDIC insured so I can't get Goxed. And a price pump has nothing to do with Mt. Gox, as it was a theft, not a pump.

May I ask which exchange if FDIC insured?
legendary
Activity: 1946
Merit: 1007
It's too early to tell if massive manipulation is at play.

For us, the other exchanges are the ones who determine our price anyway, and they are following much slower.

Might be cheap to get yuans if you plan a trip to china this way! Wink
full member
Activity: 196
Merit: 100
Digital Credits
There is a gap of 30$ in price across the exchanges and the price drivers are mainly OKcoin and Huobi rest of them are just followers.

I bet there is Mt Gox type of situationg going on again price is being pumped with faked transactions fiat/bitcoins.

http://coinmarketcap.com/currencies/bitcoin/#markets

Just watch it. I suspect these 2 exchanges.

Are you wearing a tinfoil hat? The exchange I trade on is FDIC insured so I can't get Goxed. And a price pump has nothing to do with Mt. Gox, as it was a theft, not a pump.
sr. member
Activity: 378
Merit: 250
I wouldn't be surprised if something happened with one of these exchanges. Taking advantage of the new chinese customers.
hero member
Activity: 597
Merit: 504
There is a gap of 30$ in price across the exchanges and the price drivers are mainly OKcoin and Huobi rest of them are just followers.

I bet there is Mt Gox type of situationg going on again price is being pumped with faked transactions fiat/bitcoins.

http://coinmarketcap.com/currencies/bitcoin/#markets

Just watch it. I suspect these 2 exchanges.
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