Post
Topic
Board Bitcoin Discussion
Re: You Have To Assume All Of The Exchanges Are Doing It Wrong
by
max.
on 01/03/2014, 13:32:34 UTC
The big problem I see with bitcoin is the exchanges.

Bitcoin Exchanges are working like a Nigerian Bank, who can trust a nigerian bank to depost their money?

Also I am sure that the exchanges are manipulating the price of bitcoin, with the mtgox issue the price of bitcoin has to be right now below $100 and if you check the price of bitcoin in the exchanges is very stable.

Bitcoin has a strong future but one thing that has big issues are the exchanges, after the mt gox problem who can trust them?

I remember some weeks ago how mtgox keeps showing the price of bitcoin, how could a company that was out of business and it was closed could show the price of bitcoin, how can they set the price of bitcoin if they don't have any transaction, this show me that the price of bitcoin is based on nothing and the other exchanges are doing the same to fix an artificial price of bitcoin that is not real.