Bitcoin Forum

Whatever coins people though Gox had, are either gone, or not coming back, or out of circulation forever locked up between creditors.

This is going push the price way up when the reality sinks in.

Short squeeze.

Your logic is flawed. The coins probably haven't just disappeared, infact it is more likely that several months worth of "redistribution" has just been reversed and a small number of people own a large amount of bitcoins, exactly the opposite of what will give the market confidence.

Yes, the coins have been in circulation. I just wonder who was the guy who sold over $10K last night? It's obvious that this was an insider. Was it Mark? If there was a joint statement, exchanges should track who that guy was!

So it is your belief that the attackers stole 1M BTC and then what, deleted the private key for lolz instead of I don't know spending them?

You mean 10K BTC, and yes I saw that too, there have actually been a number of large sells across the exchanges since early yesterday.

If the coins were "leached out"... Guess what... those coins are not "locked up"... They are withdrawing on the other exchanges now... (Or rather... still. Since they were removed a long time ago. Allegedly.)

Remember, gox is insolvent... (so others keep trying to get everyone to believe) There is no BTC or money there... it is all in someones hands, off the Gox exchange...

You guys have such funny logic... You try to have your cake, and eat it too... but in the end, you just don't actually get it. The only ones destroying the market is you. (Well, you are destroying your value, and increasing mine. lol.)

Also note... if Gox is dead... Don't you think he will "cash-out" his own holdings, and our remaining holdings on the other exchanges... (Again, allegedly.)

For as long as these thefts have been going on, there have been more bitcoins in circulation than there "should" have been. This artificially lowered the price.

Not sure if you are aware.. but more than half the total BTC has been mined... only about 1/100th of them are on the exchanges... There is plenty in the "wild", to go around. There is more than enough BTC floating around to wipe all exchanges down to $0.0000001/BTC if they wanted to. (It is easier when prices are high, becaue it takes a lot less BTC to bring it down faster.)

All exchanges have been dumped on, prior to this, and before this started...

Why would a thief dump on the exchange he stole from... He wouldn't... That is illogical, especially if he stole all the BTC.

Thus, this is all just more crap. lol

If it's true, the theft didn't just happen - it's been chronic for two years. Those thieves probably didn't hold - they've been selling off all this time. For the last two years, an extra 6% of the all the bitcoins that will ever be mined, that were supposed to be sitting idle, were actually being actively traded.

Of course, maybe Mark is actually a thief and this is all a ruse.

So you have to decide which is more probable: is Karpeles a criminal mastermind, or else the most incompetent businessman in history?

yes but proportionally only so many of these coins are ever going to on an exchange, and in uncertain times even less people will be risking coins on exchanges....

Seems strange that you run a business and don't have any numbers on how much money you made/lost every month.
And that you are not able to consolidate some numbers on a day to day basis on how much cash, btc, losses, customer accounts etc.
Then it should be possible to see quickly if money is disappearing.