Post
Topic
Board Bitcoin Discussion
Re: Bitfinex, the market mover, HAS to be insolvent....
by
ponicita
on 18/12/2017, 00:29:25 UTC
So worst case scenario, Bitfinex under it's rug is MTGOX, will this cause Bitcoin to hit 100,000? Because there will literally be no place to sell or buy....

No, exactly the opposite
If Bitfinex goes the same way Mtgox did, the price will go down, a lot
It will negatively affect the image of bitcoin, just like when Mtgox went down
Trust will be lost, people who dont know much about bitcoin will leave

Lets hope none of the big exchanges hits the ground