Post
Topic
Board Beginners & Help
Re: Bitcoin hater logic
by
Matthew N. Wright
on 02/04/2013, 14:50:15 UTC
When something new is out, there is always someone who go against it. I'm a fan of bitcoins so I am supporting it. However, having it's value rises 2x,3x,4x...in just a couple weeks does make some people wonder if bitcoin is really legit and if it is currently overvalued.

Well, when your major exchange site suddenly locks up whenever the price is moving down and previous bids/asks disappear (without anyone being able to prove who they even came from), it calls into question the validity of our pricing logic in the first place. I don't blame them for calling it a pump-n-dump. Where is the transparency or decentralization when it comes to pricing? Let's get some username hashes connected to the bids/asks at least so that we know it's not MtGox themselves propping up the price in order to make a fortune and control the market.