Quote from: virtualfaqs on January 28, 2014, 11:50:45 PM

Quote from: Davyd05 on January 28, 2014, 11:28:03 PM

Quote from: aminorex on January 28, 2014, 11:23:15 PM

Quote from: virtualfaqs on January 28, 2014, 11:13:43 PM

Bank run = Buying BTC on Mtgox. As of yesterday, Mtgox had a 200 gap on other exchanges. Then it's dropped to 160 now. Why the sudden confidence in Mtgox if nothing's changed?

I'd get tired of paying $200 over market for btc pretty quickly. I imagine whoever was taking the blockchain offramp either finished or got weary of having their pocket picked.

I am going to live in a world where it's like a countdown as gox and stamp come to a new origin point in which we set off for mercury from the moon.

That's why I left Mtgox. But in order to leave you have to increase the gap yourself or find a well-timed exit. Basically anyone who sold from 960 to 912 yesterday after the other 2 exchanges stopped dropping want to stay. But seeing as they orchestrated the dump, I can see why that is.

So why couldn't Mark be selling Mt.Gox's own coins or even his own personal stash, arbing (transferring the fiat) to stamp or somewhere else and transferring the coins back to FtGox to sell again? He could basically steal all the fiat deposits left at Gox without ever running out of bitcoin. How else could they continue to operate? Who in their right mind in transferring fiat to Gox now? Even if you thought you could get fiat out, nobody would want to buy at those prices.