LOOK OUT BELOW! How low will it go?! Nobody knowsss
Oh god yes. It's down over 400 points right now! Get out while you can bag holders! Wall street is collapsing!
Thanks for the warning man. I'm dumping my shitty fiat coupons for bitcoin. Real money!
>Wall st. down 2%--OMG collapsing!
>BTC down 2%--sideways trading, nothin' to see.
Yeah if only BTC had printing presses to make money to prop up the market.....
Lol, Gox did fine without them. What makes you think the rest of the exchanges aren't doing same?
What makes you think they are?
Nothing, beyond the fact that they could, and would make some $ by doing it. But maybe I'm just too cynical--they're probably not in this to make money.
They don't need to fractional reserve to make money. They actually just need to not fuck up like MK and it is a never ending cash cow. Add to that they know the orderbooks and fiat on exchange. That information is highly valuable. There are probably a few trading accounts on each exchange which never lose.
To think they don't manipulate the market is stupid... what do you think is happening here?!