Post
Topic
Board Economics
Re: Why does everyone keep calling this panic a bubble?
by
Manstef
on 14/04/2013, 06:58:02 UTC
I believe we are experiencing a technological problem and not an economic one. If you think gox is doing any of this on purpose you'd have to be joking. Incompetent ... it seems. But if bitcoin continued on an upward price trajectory gox would be firmly planted in the seat of a new multi billion or trillion dollar market. Do you think they would jeopardize that to make some quick cash by somehow driving the price down?

I'm more swayed towards Quantplus' argument here actually there needs to be some transparency and democracy in the actions of the exchanges otherwise who is to say he is actually wrong? You can't just believe in the best intentions if gox as they control so much interest