It's not that I don't participate in groupthink, but that I try to recognise when doing so is detrimental. YMMV. I think gox are mildly incompetent. I don't think they are intentionally committing fraud.
I might be wrong about the whole thing, it might be a big mistake, but I'm clear about why I'm doing what the risk is in my view, and what the potential reward is.
Taking the most charitable view on things:
Gox has been defrauded out of a shit ton of BTC, they are now insolvent and possibly operating in negative equity, they halt BTC withdrawals which causes the price to plummet as panicked investors rush to get into USD....
and you think Karpeles and co aren't taking the liberty of arbing the fuck out of all those cheap coins to recover some of their losses?A more honest thing to do would be for Gox to suspend trading until the problem was fixed. This would provide panicked investors with no outlet for crashing the Goxcoin price, or rather selling into Karpeles koffers as his bots crash the price. This wasn't done, because Gox isn't an honest place. It's a fucking rathole and anyone would have to be certifiable to go sending money there thinking that they are getting in on a cheap Bitcoin bonanza. Most likely, these 'cheap Bitcoins' aren't for you. A SEPA transaction to another €uro account takes just 1 day. MtGox has your money and probably hundreds of thousands more besides hoping to get in on some arbitrage action and lsoing out on cash stream to gamble in other financial sectors. At the touch of a button, he could fund all your accounts, but that would be letting y'all in on his action. If you get your funds cleared when Bitcoin is still around $200-$300 on Gox, then it is cos its going down further. Otherwise, you will find your account being credited at much more normalised price levels and you will be weeping waiting for weeks trying to extract your funds in dribs and drabs.