Bitcoin Forum
December 10, 2016, 10:37:20 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Mtgox: Really Fishy Stuff Going On  (Read 2194 times)
fascistmuffin
Jr. Member
*
Offline Offline

Activity: 56



View Profile
June 19, 2011, 05:55:24 PM
 #1

Volume is up from around 50,000 yesterday to 545,304 (nearly double what it was when I last checked it a few minutes ago). Low price at 0.01. Trade graph has a line straight down.

Something fishy?

Edit: Sorry, just saw the large amounts of post on the same topic.
1481409440
Hero Member
*
Offline Offline

Posts: 1481409440

View Profile Personal Message (Offline)

Ignore
1481409440
Reply with quote  #2

1481409440
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481409440
Hero Member
*
Offline Offline

Posts: 1481409440

View Profile Personal Message (Offline)

Ignore
1481409440
Reply with quote  #2

1481409440
Report to moderator
1481409440
Hero Member
*
Offline Offline

Posts: 1481409440

View Profile Personal Message (Offline)

Ignore
1481409440
Reply with quote  #2

1481409440
Report to moderator
tymothy
Full Member
***
Offline Offline

Activity: 224


View Profile
June 19, 2011, 05:57:54 PM
 #2

I find it hard to believe that a single person would unload that many coins at once on one exchange, unless it was a hacker who was selling them for lulz.
kokojie
Legendary
*
Offline Offline

Activity: 1498



View Profile WWW
June 19, 2011, 06:09:59 PM
 #3

I think someone hacked mtgox,  selling all BTC from everyone's accounts

If my post has been helpful, send me some love -> BTC: 1kokojUapmWqCqPw3Ch2rjcVh57tJEzka | PPC: PDyXAgA8eH47gokVW6zVZPSuu15aao5nZF | Bitshares: kokojie
My reputation
Durr
Newbie
*
Offline Offline

Activity: 28


View Profile
June 19, 2011, 06:11:21 PM
 #4

I think someone hacked mtgox,  selling all BTC from everyone's accounts


HAHA that's very possible, then it's good bye and some people going to jail, like the MtGox owners.

Help this puppy survive: http://larrycorreia.files.wordpress.com/2011/06/mr-snuggles.jpg

Donate to 1Gvzk3L3oLjeK5m6y4B82kFvLEZbqQnUWs
mjsbuddha
Sr. Member
****
Offline Offline

Activity: 336


yung lean


View Profile
June 19, 2011, 06:13:57 PM
 #5

agreed. no one has 500k bitcoins. either someone hacked mt gox and sold everyones coins to everyone else for shits and giggles or mt gox itself went dark horse and ran with everyones money.
rebuilder
Legendary
*
Offline Offline

Activity: 1618



View Profile
June 19, 2011, 06:16:18 PM
 #6

I think someone hacked mtgox,  selling all BTC from everyone's accounts



Certainly not all from everyone. None of mine were stolen.

Selling out to advertisers shows you respect neither yourself nor the rest of us.
---------------------------------------------------------------
Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
newMeat1
Full Member
***
Offline Offline

Activity: 210



View Profile
June 19, 2011, 06:18:36 PM
 #7

Well I think it's pretty clear we need a $1000-$5000 daily limit... People losing life fortunes in 20 seconds isn't cool. Whoever did this will be lucky to get their money out of dwolla. If I were magical Tux I would probably shut down the transactions.

kidgorgeous
Member
**
Offline Offline

Activity: 75


View Profile
June 19, 2011, 06:20:30 PM
 #8

Not true, I'm sure satoshi has that many bitcoins. Look at the top bitcoin addresses and if one guy has more than one of those addresses then 500k btc isn't impossible. However good luck quickly getting that much money out of mtgox quickly. I don't think dwolla will ACH a million dollars :-P. I would like to hear from MtGox though.

1KHxCRniFNmS7ChiPqaewmokuCABk2PRQn
Elokane
Hero Member
*****
Offline Offline

Activity: 761


Truth is a consensus among neurons www.synereo.com


View Profile WWW
June 19, 2011, 06:22:00 PM
 #9

Is anyone who was lucky enough to login to MtGox and buy a lot of bitcons at this absurd price also generous enough to donate any to those of us who weren't? Smiley

Synereo: a completely decentralized and distributed application ecosystem.

Beware of he who would deny you access to information, for in his heart, he dreams himself your master.
<br>
FuzzyCoins
Newbie
*
Offline Offline

Activity: 29


View Profile
June 19, 2011, 06:30:17 PM
 #10

Quote
Well I think it's pretty clear we need a $1000-$5000 daily limit... People losing life fortunes in 20 seconds isn't cool. Whoever did this will be lucky to get their money out of dwolla. If I were magical Tux I would probably shut down the transactions.
Why? This how markets work. Buyers and Sellers are matched together. Someone was willing to buy at lot of BTC at pennies and someone else was willing to sell. BTC (like any other commodity) really doesn't have an intrinsic value, it is valued at what people say it is valued at. Since BTC is a new commodity and there are not a lot of people trading in it, the market (all the buyers and sellers) haven't really figured out what it is worth.

This is currently the wild west. The opportunities for reward are great, the risks are extreme. Deal with it. Have fun!

1GMFwh7QYJ4p8UXVT3KmGKKp7txeUoSBmX - Just in case what I say is worth something or you feel generous
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!