Quote from: Darxtar on February 26, 2014, 09:46:59 AM

The Mt. Gox Saga
---------------------------

Mt. Gox finally shut it's doors. An event, that in my opinion was surely overdue. Claiming to have lost more than 744,000 BTC over a period of several years and not taking any notice until their holdings reached a low of 2,000 coins is irrational. It proves not only the stunning incompetence of their management, but a complete lack of transparency, accountability and auditing - if it is true.

I am glad that I listened to my instinct at the beginning of January, when one of my associates in Japan told me that even fiat withdrawals in Yen to his Japanese bank accounts were not processed in time as before. That day we halted trading with Gox, converted our fiat balance into BTC and withdrew all of them.

The whole situation and uncertainty led to a steep decline in value what was somehow expected.

Now, with the obstacle Gox out of the way, we can move forward and I am very confident that the market will stabilize soon.

Thanks for posting that Darxtar. I got the newsletter too, but for some reason my email scrubs it clean or something, can't read it.
Thank goodness if that's true. Bouncy market should be good for trading shares at least.

[conspiracy mode] It could also just be a 'everything is fine don't look behind the curtain' before the implosion tho. [/conspiracy mode]

Quote from: danen on February 24, 2014, 03:41:31 PM

So they used gox for trading, which means that any cash and/or coins they had there are gone. Gox stopped 7/2, and a few days later, we have this: http://www.cryptocoinsnews.com/2014/02/12/bitcoin-trader-biz-let-bitcoin-trader-earn-money/
Sponsored article, means they need new members. Don't get me wrong here, I myself am considering investing in this, just want to share some thoughts.

Thanks for putting together that timeline. It could be a concern if they aren't being honest about how they handled GOX. I imagine we will find out quite quickly if that were so. (I'm still buying fwiw)