So... the 'Master Plan' is to... buy low... and sell high... -_-" and accumulate your way to 500k coins
Well I wish I could master this plan too!
(the title is so misleading)
With that money you could afford to buy bitcoins daily at the best prices it reached each day. It's not a cheating thing to do, really, but isn't it a conflict of interest to do that in his own exchange?
In a very short time, he could have easily acquired the 500,000 bitcoins, but would it have been completely legal?
Son, what you're saying completely make sense.... If Mt.Gox had a god damn TIME MACHINE!
Buy at the lowest, best price each day?? and sell them off? and buy again at another lowest price another day???
Are you serious? How do you know when are the price 'lowest'? The only advantage Mt.Gox have is black pool. That could be useful in speculating support and resistant, but certainly not enough to determine if 'now' is the 'lowest' point of the day. I think you have a gross misunderstanding about trading and equity market.
Mt.Gox being in Japan doesn't mean it can hire DORAEMON, you know.
I think you misunderstand where I was going with this.
I did not mean literally each day, at the lowest price. I just meant that with the profits, each day, buying some when they dipped down, and selling when they spiked, with any trading program, you could build up a nice supply of bitcoins in short time.