You can blame anybody you want for this but the truth is that this rally helped lots fo people sell their coins for amount they would never dreamed of
So if Gox did it, very likely, they did bad and good
Topic: This is what market manipulation looks like (Read 839 times)
From MtGox's website:
I've been saying for a while that MtGox was propping up the price, now they arent even trying to hide it anymore. If the price is going to fall, let it fall...free market, bitches.
I've been saying for a while that MtGox was propping up the price, now they arent even trying to hide it anymore. If the price is going to fall, let it fall...free market, bitches.
This market ISN'T free. It is supposed to be but has strong bottlenecks in the exchanges. The gox platform troubles are the very chains that prevent this market from being free. They have to fix their system and apparently are doing it right now. I personally think they should have put a cap on how much lag was allowable. 10-15 minutes max and then pause the market for a couple minutes to allow their platform to catch up. If they need to halt it to deal with those chains that is fine by me.
Calling their hardware upgrade a market cool down to deal with the dip was unwise. 12 hours is too long for something like that. The only halting should be in the immediate moment if the lag is going insane, hour+, like yesterday.
They lost me as a customer for sure. I really can't get a consensus on this: is bitcoin-24 the next best exchange or what?
bitcoin-24 for EUR trades
or bitstamp or bitfloor for USD
They lost me as a customer for sure. I really can't get a consensus on this: is bitcoin-24 the next best exchange or what?
Yeah, I'm not sure how they expected this to turn out, but I am expecting chaos when they reopen trading.
If the price is going to fall, let it fall...free market, bitches.
With the closing, they are only speeding up the fall by removing the funds made yesterday from the market. So I'm unsure which way they are playing this one, judging by the $50 price on other exchanges - they already sold out and want to buy back in at proudhon kinda levels.
From MtGox's website:
I've been saying for a while that MtGox was propping up the price, now they arent even trying to hide it anymore. If the price is going to fall, let it fall...free market, bitches.
I've been saying for a while that MtGox was propping up the price, now they arent even trying to hide it anymore. If the price is going to fall, let it fall...free market, bitches.
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