It's not that I don't participate in groupthink, but that I try to recognise when doing so is detrimental. YMMV. I think gox are mildly incompetent. I don't think they are intentionally committing fraud.
I might be wrong about the whole thing, it might be a big mistake, but I'm clear about why I'm doing what the risk is in my view, and what the potential reward is.
Taking the most charitable view on things:
Gox has been defrauded out of a shit ton of BTC, they are now insolvent and possibly operating in negative equity, they halt BTC withdrawals which causes the price to plummet as panicked investors rush to get into USD....
and you think Karpeles and co aren't taking the liberty of arbing the fuck out of all those cheap coins to recover some of their losses?A more honest thing to do would be for Gox to suspend trading until the problem was fixed. This would provide panicked investors with no outlet for crashing the Goxcoin price, or rather selling into Karpeles koffers as his bots crash the price. This wasn't done, because Gox isn't an honest place.
Are u aware of the fact that Gox has an unlimited trading account, with unlimited coins and $. Itīs of course not official. The crash to 0.01 in 2010 was due to the fact that somebody hacked into this "unlimited" account and sold until the price went to 0.01. After that all trades have been rolled back. And they called it i think an "auditor" account, but of course denied that an account with unlimited supply of $/
BTC exists.
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I was just joking, i totally agree with you. But usual everyone in here is screaming "FUD" if you say anything negative related to Bitcoin.
