no, that does not have anything to do with my opinion. only thing what i´m saying is that everybody should know him/herself what he/she is doing and they mostly will not care that you are thinking they are foolish and they take to high risks. everybody has right to take risks as they want and you have no right to say them that its foolish. you don't know what will come and they neither. even in the end there is no-one foolish, just people had different opinions about the situation and believed in different end of this story.

so simple.

Like someone said earlier it truly should be lower because the usd on gox is useless so $120 gox  = 0 actual dollars currently. Anyone paying anything close to .3 is foolish and taking an unnecessary risk.

All depend on buyer. I dont want 5 coins for my 2.47 goxcoins. I want 2. I think gox will handle this. Congrats for all buyers. There is no place to hide for goxies, they will be solvent if they arent now and then will release coins. There is no way to hide for karpeles.

Why do people assume thieves are more likely to sell?

It's one of the multiple possible plot for all this story.

Malleability bug == missing bitcoin, let's say 10K

Mark sold 1500BTC from gox treasory  @$900

Buy back 11K @ $100/$200

No more missing BTC

Again, as its been said OVER and OVER in this thread:

• this is not about Karpeles "running away" with customer funds. Betting on Gox's honesty is a pretty safe bet, as Gox has proven its integrity for years
• this is about facts adding up and raising a lot of red flags: i) absurd explanations on unbelievable banking limits, which affect outgoing transfers only; ii) serious problems with LE ($6M seized) and other players (Coinlab - $6M gone) which resulted in loss of funds; iii) lack of transparency in their PR and possible incompetence in managing their business; iv) desperate moves to raise more and more fees (totally unjustified 5% "ransom fee" - 5% is a huge amount, folks; not halting trading when they have should; etc.)

When you add all that and you analyze their press releases, you can see that something very wrong is happening, and they are not being transparent with it. Despite of sturle's efforts to explain the unexplainable, the above facts remain. Anybody who works with banks on a regular basis knows that the "daily limit" is UTTER BULLSHIT, if you have some kind of limit (which normally YOU DON'T), you just adjust it to your volume - if you need to make a freaking $3M transfer, you do it and your bank charge you for it - that's their business model folks. If they aren't, that's because Gox (or their bank) is struggling with something, and that is RISKY.

Furthermore, numbers DO NOT LIE. The huge spread we have witnessed between Gox and the others comes for a reason. Sturle tried to convince us that he was making loads of money doing arbitrage, implying that the spread existed only because people is stupid and was not using the situation to their advantage because of fear, uncertainity and doubt. But let me tell you something: that's BS. Markets do not work that way. If there is a 20% arbitrage opportunity, which basically means "free money", arbitrageurs will take the opportunity and the gap will close almost instantly. If that doesn't happen, it is because it is simply not possible. I tried myself, for Christ sake, and I failed miserably because you cannot simply do arbitrage in such a volatile market if your funds are stuck on one of the ends FOR WEEKS.

Making a long story short: we are getting close to the tipping point. Will see what happens soon - but its not looking good. Anybody saying that Gox/Karpeles are thieves, etc. is just a noob or has a hidden agenda to push. But the fact remains: due to incompetence, legal pressure or whatever other reason not related to Gox's honesty, customers funds are at risk - and they have been for +10 months now. There has been plenty of time to get out, folks. In any case, now its time either to cash in huge winnings (eg. -> buying $100 coins on Gox) or to swallow a loss. Whatever happens, there has been PLENTY of information for everybody to make their choice.

some japanese people know about bitcoin. the bitcoin community here is mostly western, however (read white). also people that live here, who know how japan works, read the half-baked conspiracy theories on this thread, and recognizing them for what they are, dont feed the trolls, and just quietly wait, holding onto their goxcoins.

i have btc in gox. ive gone in more since the drop. why? because i recognize the difference between risk and perception of risk. people are stupid. they think this thread has valuable information. unfortunately, sturle was right, this thread has gone increasingly downhill as it has gained popularity. more unformation is all thats left.

the only thing im really concerned about is the idea that the yakuza pulled off some kind of extortion or heist. one look at mark... nope. incompetent yes, malicious, no. but the incompetence (and lack of security at the medio bldg) may be the security problem they referred to in their update.

if his security concern was some white people standing in front of his building, then im REALLY NOT worried. he's just a poof then, and we are merely waiting for him to take his time and hen-peck some coding lines into the goxmachine.

oh and, to answer your last question, japanese people generally dont have much english ability. they stick to 2chan, you can threads on bitcoin (in japanese) there. the japanese-speaking thread on this website is basically dead (just a few of us weeaboos stop and blurb something in hiragana) id wager a guess though that of all the residents of japan who have accts at gox, the majority of them are expats. bitcoin is still very much an english-speaking phenomenon.

Wow, did he have a transorbital lobotomy?

C