What if the two most recent bubbles were entirely manufactured by Gox in attempts to raise enough capital to pay off its liabilities.* And if so, how long will current speculative last?
/tinfoil hat
*Please don't counter with "but China." Almost all activities on their exchanges are by american operated bots.
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^ bad news, but I don't think it will flash crash us back down to $400. Oh well.
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Edit: Due to some angry Gox depositors, I've been advised to disclose that Karpeles was overstating the fact that he had "lined up" investors. The truth is, in a move of desperation, Mark asked several investors for a bailout, all of which seemed to have immediately notified the authorities once they learned the extent of the fraud, negligence or incompetence at Mt. Gox.
That is to say, my leak did NOT cost depositors their investments. There was no chance of a bailout. Please direct your anger at Mt. Gox, and please do not blame me for your losses. Even if you disagree with my reporting, there was nothing to gain by continuing to cover this up, but much prolonged agony for Bitcoin and perhaps additional damage for new depositors.
Thank you for your support and understanding. That was what he hyped up?? Really? LAMEEEEEEEEEEEEEEE
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Current speculation is that they exist (they are stolen but they still exist). A minority believe the private keys have been lost (in which case they are truly lost and this is super bullish).
Edit: Almost certainly it is one of these two. I highly doubt Gox has the coins.
The third most popular theory is that Mark spent everyone's funds on frappuccinos.
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7,600 users active on reddit/bitcoin. Never seen that many before.
Frequent occurrence on Dogecoin/Reddit.
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I need some advice from Sun Tzu.
= look at me I almost read "the art of war" once. If you find it necessary to read the art of war, you've already lost. -Walz Raj
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@ .2% comission that is still 1,600 dollars and for what? Planned volatility, which is often worth more.
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what. is . going. on.
Happens daily. Don't act surprised.
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politicians are useless species. i would rather have google optimizing and balancing nation's budget
Agree, they are reptilians.
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http://www.theverge.com/2014/2/26/5450206/who-stole-400-million-from-mt-goxSuggestion in the article that the theft was an inside job. Not by Mark, but a temp employee. Remember announcements last April about Gox hiring more employees to deal with all the new accounts and AML/KYC requirements? Mark claims the coins were stolen yet remain "temporarily" unavailable. This is nonsense, unless he expects to recover them from the thief. *edit* The thief or group might also be sending out these recent phishing emails. What if they got away with ID docs as well? Scary thought.
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Next announcement:
Our database, which included everybody's login/pass and ID docs, has been compromised. I didn't sell this information, seriously. Sorry, again. -Mark
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Let's not rule out the possibility that Mark is simply lying, again.
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From my "Predict the next Gox revelation here and win respect from fellow forum members" thread: I'll go first: Mark has been manipulating trade data since at least last September.
He certainly had the incentive to do so. And we now know he is willing to do almost anything to save Gox, including mislead the public.
Feel free to join in!
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I'll go first: Mark has been manipulating trade data since at least last September.
He certainly had the incentive to do so. And we now know he is willing to do almost anything to save Gox, including mislead the public.
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Satoshi could bail out Gox.
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