Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
deadfi$h
on 07/02/2014, 17:41:54 UTC
Can anyone explain to me why GOX crashed/is crashing?

If I had any fiat sitting on that exchange I'd be buying as much coin as I could with it and moving it to another exchange ASAP. So why isn't the price skyrocketing?

https://www.mtgox.com/press_release_20140207.html

.... a temporarily pause on all withdrawal requests ....


Ahhhhhhh, got it. I read another article earlier and understood it as a full stoppage of all fiat withdrawal requests. So people are betting it's going to be easier to get cash out of GOX than coin? LOL, what a shitstorm.  Cheesy