Post
Topic
Board Service Discussion
Re: Reason why MtGox can go to 0 - without arbirage opportunity with Bitstamp
by
nejat76
on 16/02/2014, 23:41:04 UTC
All this is conspiracy though and yes we are certain about the mtgox's fall.

why would they do this, if not for a theft? they are making bank.

Sorry, I'm not not that fluent in English. Could not grasp what you say exactly.

If not for a theft, possibilities are :

1. They are doing the golden shot. Dump all for good where they can securely get the fiat money. Not much probable...
2. They have the knowledge of very good news that could relieve bitcoin from this mess and drive really high. So they deliberately make it crumble before it. Not much probable...
3. Incompetence, bad direction. Most possibly

Again I'm talking about possibilities here. These are not even my actual estimations. Maybe it's actually theft, maybe they are just incompetent. But that doesn't necessarily rule out the other possibilities given we don't know if there is a theft and the relative amount to market at gox if there is. Real suspicious thing is how slow gox reacting to events. They have somewhat good news  yet it takes them just 1 whole week to deliver which took other exchanges just mere days: that is enabling withdrawals. They could just work this issue out behind the scenes and while working for the fix manually check suspicious withdrawals.