Re: Mt.gox story

1. Purposely raise the price of BTC, attract traders come to Mt.gox and deposit BTC. Market situation: Sell >> buy;
2. Block cash withdrawing, most of traders found it's not easy to get out money even they can sell BTC with higher price.;
3. Some of traders will buy back BTC, sell == buy, price was going stable and higher than other exchange markets;
4. Mt.gox sold customer's 40,000 BTC, and block withdrawing BTC;
5. The price of BTC dropped accordingly
6. Mt.gox to open cash withdrawing and continue to block BTC withdrawing, traders will trend to sell BTC by lower price and get cash back;
7. Mt.gox will buy back 40,000 BTC to balance account

It's not surprised to see announcement tomorrow: BTC withdrawing will continue stopped but cash withdrawing will be quickly and smoothly

So did you sign up just to spread FUD?

looks like true

You might be right. I take back my FUD accusation lol.

There are many people claiming that this is just one major GoxHoax , and I do support some of the accusations , thinking back on how Gox manage to do things.
I start to believe this is no FUD.

What do you mean by hoax? I think it was a non-issue and their attempt to shift the blame from them and buy them some time.

Yeah , that's why is a hoax.
The issue was never really there. They just did one hell of a market manipulation to get some money in order to cover some possible incoming expenses like.... lawyers ,or trip to unknown sunny country.
And to blame somebody else for "losing" bitcoins. Like tradefortress.