Topic: The Fleecing of Mt. Gox - page 2. (Read 2303 times)
Everything happening at Gox is completely normal! Nothing to see here.
I can't help wondering if the reinstatement of BTC withdrawals will coincide with the price reaching near market rate again, then we all get our BTC back eventually? But the BTC will most definitely be in different hands...
MtGox is dysfunctional. There is no rhyme or reason to what is going on there. Who knows why the actors involved are acting the way they do?
And if MTGOX can't make good on BTC withdrawals and FIAT withdrawals what's the point if the price is high or low?
Anyone notice how the instant orders on Mt. Gox for this crisis have been almost exclusively sell orders? Watch your consoles. Even the green volume bars are mostly sells. The first sells were at a high price, and the price tanked. Now the price has bottomed out just above 300, and the sells can't drive it down any further but they don't stop coming. These bottom sellers are chasing the market, and they are being fleeced. Now the new floor is currently 370 or so, and the fleecing continues. Anyone else think it will be mostly up from here, with pauses here and there for more sell-lows? And then up from there again, for the most part, until we reach market or above? Coins are transferring into smarter hands, it looks like. Quite a show.
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