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Topic: Was the price raise in November mainly driven by the MtGox hackers? (Read 1098 times)

newbie
Activity: 35
Merit: 0
Latest investigations on the MtGox case suggest that hackers found a possibility to create new accounts with a fake (fiat) balance. They used this to buy Bitcoin and withdraw them. This buys could have been the main reason for the price raise last November. We have just written a blog post on it with more details: http://blog.fairlay.com/2014/08/connecting-the-dots-a-possible-connection-between-the-raise-in-november-mtgox-disaster-and-recent-price-drop/

Sorry, but it's delirium. If hackers can to do it, why they doesn't do fictional fiat wallets? Why only btc interested??
hero member
Activity: 770
Merit: 500
Wasn't btcchina leading the price rise in nov ?
full member
Activity: 210
Merit: 100
Looking for the next big thing
It was Willie.  It was an inside job.
sr. member
Activity: 364
Merit: 250
I'm really quite sane!
No, I think it was mainly driven by willie.
legendary
Activity: 1049
Merit: 1006
Prices rose because North Korea's Glorious Leader King Kong Kung Fu bought a lot of BTC.
hero member
Activity: 988
Merit: 1000
IMO this is the same kind of conspiracy theory that the willie bot is about. There is really no credibility to these kinds of claims. I do enjoy reading about a good conspiracy every now and then but it needs to have at least some level of evidence behind it.
sr. member
Activity: 443
Merit: 250
Latest investigations on the MtGox case suggest that hackers found a possibility to create new accounts with a fake (fiat) balance. They used this to buy Bitcoin and withdraw them. This buys could have been the main reason for the price raise last November. We have just written a blog post on it with more details: http://blog.fairlay.com/2014/08/connecting-the-dots-a-possible-connection-between-the-raise-in-november-mtgox-disaster-and-recent-price-drop/
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