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Author Topic: bitcoin price manipulated: mtgox  (Read 1257 times)
wopwop (OP)
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June 27, 2013, 09:22:49 AM
 #1

bitcoin price is currently manipulated by mtgox, this can only last so long though

people cant get USD out, so MtGox buys any high volume selling pressure with fake USD to fix the price.
to get USD out high networth persons have to buy bitcoins again, buying back from mtgox ofcourse, nullifying the initial buy but still losing 1.2%. Then, they must sell on another exchange, thats why price on other exchanges are way down and getting lower as more people succumb to the scam portrayed by mtgox.

good luck
Kake
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June 27, 2013, 09:52:50 AM
 #2

And assuming this true, why will this only last so long and not forever?
wopwop (OP)
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June 27, 2013, 10:05:20 AM
 #3

And assuming this true, why will this only last so long and not forever?

because people need to make real money to survive and preferably even feed their greed
smoothie
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June 27, 2013, 10:06:21 AM
 #4

good question. maybe they will lose their manipulation powers over themselves and give it to someone else?  Cheesy

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joesmoe2012
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June 28, 2013, 03:30:41 AM
 #5

Eventually peopel will have there USD out of gox.

Check out BitcoinATMTalk - https://bitcoinatmtalk.com
mprep
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June 28, 2013, 01:26:13 PM
 #6

good question. maybe they will lose their manipulation powers over themselves and give it to someone else?  Cheesy
Or spread it across many people. That, I think, would be better.

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