What's wrong with that?
All brokers are giving tips/advices and forecasts for possible evolution of prices on every markets. Why would it be different here?
All brokers are giving tips/advices and forecasts for possible evolution of prices on every markets. Why would it be different here?
Um because they are an exchange not a broker. They aren't paid for nor qualified to give financial advice. Remember when facebook stock had horrible technical issues on NASDAQ its opening day. NASDAQ fixed the issues (paid some fines and settled a lawsuit IIRC) and announced the fix. They said nothing about the decline of facebook is over an now it is ready for higher prices. They fixed the issue, operated a clean, transparent market, and allows the MARKET not the EXCHANGE to determine the price.
Yeah but on the other hand NASDAQ hadn't bought tons of FB stock at the peak either.
Bitcoin is the Wild West. Stop whining and make your own plans if Gox is so bad.
It doesn't just make Mtgox look bad, it perpetuates the myth that Bitcoin is a ponzi. Other responsible exchanges no making these kinds of idiotic claims doesn't undo the fact MtGox is being irresponsible. I mean your comment is like saying "If you don't like that Madoff is runing a ponzi scheme, shut up and make your own non-Ponzi brokerage".
MtGox has made other similarly bad statements in recent days. Claiming they were shutting down for a "market cooldown" was equally idiotic. They shutdown because they trading engine couldn't handle a nominal amount of trades. Other exchanges continued to operate and the price remained relatively flat during the "cooldown" so the idea that market needed any type of circuit breaker was false and making the claim was irresponsible. In the eyes of the media an uninformed, it made it look like MtGox has central control over currency conversion.
Exactly. Or to quote MP,
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What can you do?
I understand that many of you have a lot at stake here, but remember that Bitcoin, despite being designed to have its value increase over time, will always be the victim of people trying to abuse the system, or even the value of Bitcoin decreasing occasionally. These are not new phenomena and have been present since the beginning of time when humans first started trading.
I understand that many of you have a lot at stake here, but remember that Bitcoin, despite being designed to have its value increase over time, will always be the victim of people trying to abuse the system, or even the value of Bitcoin decreasing occasionally. These are not new phenomena and have been present since the beginning of time when humans first started trading.
This right here is an outrage, and I plainly demand an immediate apology from MtGox.
At issue is the misstatement that "Bitcoin was designed to have its value increase over time", which other than being grossly ignorant is also absolutely false. At issue also is the misstatement that "even the value of Bitcoin decreasing occasionally", which other than being grossly ignorant is also harmful to Bitcoin.
This is Ponzi talk, fuckwits. Bitcoin isn't a Ponzi. What are you doing here! Who are you! What are you for!
