maximum pain theory in action
I have been predicting this since it was clear that Bitcoinica had no database backups. It took quite a a while, but it was destined to happen.well that was a nobrainer.
The only way to end this without a court battle is to liquidate short positions at 5$ and liquidate long position at 6$ (or whatever the market price is at the time of liquidation or announcement of liquidation). Anything else and half of your customers are going to sue you and for a good reason.
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Now just look how some big party desire to have the price to return to 5$ to avoid legal problems will effectively ensure that Bitcoin will never ever see 5$ handle again.
Damn markets have this ugly habit of inflicting maximum possible damage. It will now probably rally just to make the matters even worse.
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Now just look how some big party desire to have the price to return to 5$ to avoid legal problems will effectively ensure that Bitcoin will never ever see 5$ handle again.
Damn markets have this ugly habit of inflicting maximum possible damage. It will now probably rally just to make the matters even worse.
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lol! good one.
