Post
Topic
Board Speculation
Re: Why didn't MtGox halt trading like they've done in the past?
by
billington.mark
on 21/02/2014, 10:40:55 UTC
There's a million and one conspiracy theories on this forum.
How about this one...

1. Gox really did have a bug in their bitcoin software.
2. They need to fix it like they said they do - and need to stop withdrawals to fix it.
3. 99% of bitcoin investors are either paranoid freaks or paranoid fat cats and so they all freaked and decided to sell loads of their coins - because they all read way too much into the hype and hysteria.
4. The price on Gox therefore tanked.
5. They will fix the bug and go right back to where they were before this happened.

Hmmm... almost tooooo simple?

So there ARE people on here who have the same train of thought as me!
to coin a phrase, "A watched pot never boils". In this case though, its damn hard not to stare, and I have to admit, the price drop is slightly stomach churning In a couple weeks time, hopefully, all of this will be fixed and the only thing in tatters will be gox's reputation and not users $ or BTC.