Quote from: wickedgoodtrader on February 23, 2014, 04:00:47 AM

Listen here folks. GOX is fucked. They don't have the coins they are suppose to have. IT IS WAY WORSE THEN ANYBODY IMAGINES.

It's not like they have 70% of the coins or something. They don't have a pot to piss in. If they did they would be buying coins on their exchange and selling them on other exchanges BOTTOM LINE! I mean, if you were as shady as Karpeles don't you think you would be doing it?

Instead, because they have no coins, they have to crash their own market with fake sells. So Karpeles just takes out the fiat bids and sells them gox btc. The price on gox will crash. Then gox has to goto court to settle/go bankrupt. The guy who had 100 btc only gets about $250 though because they crashed the price to $5 so 100 btc is only worth $500 and then they still didn't have enough to cover it so everyone gets .50 on the dollar.

Mark my words, companies who go insolvent don't dig themselves out of it, especially when it's run by Karpeles.

@wickedgoodtrader any idea how can I find out if mtgox files/filed bankruptcy? I really dont think mtgox is going out of trouble any time soon. If not, they could have resolved the whole technical issue weeks ago, just like bitstamp.

My guess is either they continue to "test" bitcoin withdraw for another unknown period of time, or simply file bankruptcy after failing to manipulate the market.