Post
Topic
Board Speculation
Re: Lets pretend Gox gets fixed monday. Now what?
by
molecular
on 16/02/2014, 08:22:05 UTC
With withdrawals supposedly fixed tomorrow the question that makes me wonder is why is the price on Gox so low today?

Who is selling on Gox? You can not get out fiat but probably BTC tomorrow....

Should Gox go really down do people think it's safer to loose fiat than BTC? Do people simply not understand that it is virtually impossible to withdraw fiat? This is just odd.

That's the thing. There's three possible explanations I can come up with:

  • Gox is insolvent and enough insiders know it.
  • magicaltux is manipulating his own market to swoop up coins
  • People think Gox could well be insolvent and figure in case shit hits the fan it will be easier to make claims on a USD balance instead of on a BTC balance.