What would you do if you had 200 BTC stuck on GOX?
Fly to Tokyo from London and protest Mark's coffee-like desserts?
Topic: Who is the dumper on mtgox ? - page 3. (Read 6244 times)
Fly to Tokyo from London and protest Mark's coffee-like desserts?
Perhaps these moves are all to reduce liability once (if) declared insolvent, so the BTC price redistributed to holders will be cents on the dollar value of the last traded price when the exchange is declared closed.
So they sell these worthless BTC to everyone and stash the cash,
Getting as much $ as possible in effectively the Gox Bank account and reducing the price of BTC close to 0 is the best strategy for them.
So they sell these worthless BTC to everyone and stash the cash,
Getting as much $ as possible in effectively the Gox Bank account and reducing the price of BTC close to 0 is the best strategy for them.
easily done by a mt.gox operator who has control over BTC's of theyr user, sell @BTC-e and get the money to rebuy @MT.gox... dont need a brilliant brain to do this just POWER!
Mtgox has unlimited credit in both dollars and bitcoins (they can assign to themselves as many as they whish), and this can drive any ascent or descent prices.
Now they are on the edge of bankrupcy, so they are interested in cutting the capitalization of the exchange, in order to have the least number of dollars and bitcoins to refund.
Enough to orchestrate any actions of pumping or dumping of unlimited size in such a way that, at the end, the best trader and the largest owner of USD and BTC, is Mtgox itself.
Now they are on the edge of bankrupcy, so they are interested in cutting the capitalization of the exchange, in order to have the least number of dollars and bitcoins to refund.
Enough to orchestrate any actions of pumping or dumping of unlimited size in such a way that, at the end, the best trader and the largest owner of USD and BTC, is Mtgox itself.
this.
Another possible option is somebody had a huge bet based on the goxbtc price at some derivative market & gained more from shorting than they lost tanking the price.
Now we are talking..
Perhaps they also wanted to buy cheap coins after their bet went well.
Bloody whales.
Another possible option is somebody had a huge bet based on the goxbtc price at some derivative market & gained more from shorting than they lost tanking the price.
Now we are talking..
Another possible option is somebody had a huge bet based on the goxbtc price at some derivative market & gained more from shorting than they lost tanking the price.
I think it's Satoshi.
He's had enough of Gox tarnishing the reputation of Bitcoin and he's going to grind it into the dirt.
He's had enough of Gox tarnishing the reputation of Bitcoin and he's going to grind it into the dirt.
I think it's robot wars. There was a huge buy at 1:59am, it spiked the price up to 540, i think that triggered some mad robot, or possibly several to sell all their coins.
Must be somebody not in control of a badly written robot doing automatic trades.
I think everybody has already bought all the cheap gox btc so there are not many new buyers to stop it, plus maybe not much new money entering at the weekend.
Must be somebody not in control of a badly written robot doing automatic trades.
I think everybody has already bought all the cheap gox btc so there are not many new buyers to stop it, plus maybe not much new money entering at the weekend.
It could be.
I have a homemade bot which after excellents result this month gave me yesterday two advices :
Buy @504
Sell @285
Luckily for me it was only simulated
Mtgox has unlimited credit in both dollars and bitcoins (they can assign to themselves as many as they whish), and this can drive any ascent or descent prices.
Now they are on the edge of bankrupcy, so they are interested in cutting the capitalization of the exchange, in order to have the least number of dollars and bitcoins to refund.
Enough to orchestrate any actions of pumping or dumping of unlimited size in such a way that, at the end, the best trader and the largest owner of USD and BTC, is Mtgox itself.
Now they are on the edge of bankrupcy, so they are interested in cutting the capitalization of the exchange, in order to have the least number of dollars and bitcoins to refund.
Enough to orchestrate any actions of pumping or dumping of unlimited size in such a way that, at the end, the best trader and the largest owner of USD and BTC, is Mtgox itself.
this.
Someone selling to himself to make it look downtrend so noobs sell to him at this ridiculous prices.
My guess is that people with BTC on Mt. Gox now believe that they are more likely to be able to withdraw dollars than BTC. I think that the belief is that some amount of BTC is missing and the dollars can be audited and recovered if Mt. Gox closes, and the BTC can't. I don't know if any of that is true. It is just an educated guess.
Exactly this ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
My guess is a combination of what odolvlobo described and perhaps another attempt at a June 2011 style hackcrash. But, who knows at this point. The nice thing, for those without anything on MtGox (sorry guys), is that MtGox is trading in GoxUSD and GoxBTC, and those are just different things than USD and BTC.
Mtgox has unlimited credit in both dollars and bitcoins (they can assign to themselves as many as they whish), and this can drive any ascent or descent prices.
Now they are on the edge of bankrupcy, so they are interested in cutting the capitalization of the exchange, in order to have the least number of dollars and bitcoins to refund.
Enough to orchestrate any actions of pumping or dumping of unlimited size in such a way that, at the end, the best trader and the largest owner of USD and BTC, is Mtgox itself.
Now they are on the edge of bankrupcy, so they are interested in cutting the capitalization of the exchange, in order to have the least number of dollars and bitcoins to refund.
Enough to orchestrate any actions of pumping or dumping of unlimited size in such a way that, at the end, the best trader and the largest owner of USD and BTC, is Mtgox itself.
someone has found a way, always had, or is just been granted to move fiat out of gox.
this person knows that gox is going belly up. so this is a "legal" way to squeeze out all the left cash on gox.
monday they say: uuups, it´s all gone, sry
this person knows that gox is going belly up. so this is a "legal" way to squeeze out all the left cash on gox.
monday they say: uuups, it´s all gone, sry
My guess is that people with BTC on Mt. Gox now believe that they are more likely to be able to withdraw dollars than BTC. I think that the belief is that some amount of BTC is missing and the dollars can be audited and recovered if Mt. Gox closes, and the BTC can't. I don't know if any of that is true. It is just an educated guess.
Exactly this ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
It looks like someone is betting MtGox is more likely to return cash than bitcoins. Good luck, as MtGox has had trouble returning cash over the past 7 months.
Betting on getting bitcoins out could be a little risky. We don't know how many, if any, bitcoins have been stolen from MtGox. The exchange was a prime target for the forged transaction bug and we do know MtGox had trouble with the bug for many weeks. SR 2.0 claims their entire stash of bitcoins was stolen by a handful of people using automated refunds.
http://www.forbes.com/sites/andygreenberg/2014/02/13/silk-road-2-0-hacked-using-bitcoin-bug-all-its-funds-stolen/
At the moment there are lots of claims and counter claims about what can be done using the bug.
Betting on getting bitcoins out could be a little risky. We don't know how many, if any, bitcoins have been stolen from MtGox. The exchange was a prime target for the forged transaction bug and we do know MtGox had trouble with the bug for many weeks. SR 2.0 claims their entire stash of bitcoins was stolen by a handful of people using automated refunds.
http://www.forbes.com/sites/andygreenberg/2014/02/13/silk-road-2-0-hacked-using-bitcoin-bug-all-its-funds-stolen/
At the moment there are lots of claims and counter claims about what can be done using the bug.
I think it's somebody with a bot that is manipulating another out of control bot to take all it's coins cheap & not enough people can get money in to buy btc to stop it, they're all already all in goxbtc.
It seemed to be a timed & calculated huge buy that caused a big spike in price that triggered an automatic selloff by messing with the moving averages. It's just some rich but very primitive trading bot that got tricked, or lots of primitive trading bots got tricked.
The gox price wont recover until some fiat deposits are allowed in or fiat withdrawals cancelled.
Somebody is going to be really annoyed when they see what their trading bot did while they weren't looking & somebody is going to be really happy with all the cheap coins they got.
It hasn't had any effect on any other exchanges, yet. Wonder what will happen when gox allow btc withdrawals.
Unless the seller knows some kind of inside information they just lost big.
It seemed to be a timed & calculated huge buy that caused a big spike in price that triggered an automatic selloff by messing with the moving averages. It's just some rich but very primitive trading bot that got tricked, or lots of primitive trading bots got tricked.
The gox price wont recover until some fiat deposits are allowed in or fiat withdrawals cancelled.
Somebody is going to be really annoyed when they see what their trading bot did while they weren't looking & somebody is going to be really happy with all the cheap coins they got.
It hasn't had any effect on any other exchanges, yet. Wonder what will happen when gox allow btc withdrawals.
Unless the seller knows some kind of inside information they just lost big.
With all transfers blocked it the good time for manipulating the price.
For ex. creating an artificial new low.
Anyway everyone are waiting for the bottom to buy, maybe the best way to be sure to catch the bottom is to create it... Even if he loose money today he's sure the market will bounce once the withdrawal restored...
For ex. creating an artificial new low.
Anyway everyone are waiting for the bottom to buy, maybe the best way to be sure to catch the bottom is to create it... Even if he loose money today he's sure the market will bounce once the withdrawal restored...
It's got to be a mad robot, or mark getting really desperate to balance the books somehow (but i can't see that, he could just sell on other exchanges), nobody is really selling btc at $270. I'd loan money to buy if anybody wants to sell me some btc for that, but i don't think i'll get many offers.
Nobody is panicking & the off exchange prices are going up for goxbtc.
Nobody is panicking & the off exchange prices are going up for goxbtc.
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