Bitcoin Forum
November 12, 2024, 09:04:12 AM *
News: Check out the artwork 1Dq created to commemorate this forum's 15th anniversary
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: GOX IS PROBABLY RUNNING "Short and distort" and probably trades might resume  (Read 1104 times)
greenalliancegroup (OP)
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
February 25, 2014, 02:58:03 AM
 #1

With the current situation and Gox ceasing communication, trade, and withdraws. It seems the situation is hopeless. Although I currently believe Gox is using the "short and distort" method.

I am not a big fan of GOX or its CEO. I believe Mark is scumbag for what he did so far. I called for his resignation several times on coin desk's comments for articles.

I believe that with past seizures,lawsuits, and protocol issues. GOX has lost a substantial amount of money and trust. Although I believe its not in the CEO best interest from him to runaway. GOX has thousands and even millions of users around the world that used to use the GOX exchange. If Mark Karapeles actually ran away with whatever GOX has left. He would not survive in any country. Either there would be tons of lawsuits against him as soon as he step foot on another country's soil or physical get beaten down. When you talk about peoples' lively hoods or some sort of instrument that has value. Surprising things do happen.

I believe MT. Gox has probably gone the route of devaluing the BTC to point where it can purchase the BTC's for cheap 100$/per coin.  Then later flip them for 500$ or more. Let say GOX acquired 15k worth of BTC at 100$ and flip them at 600$ BTCs. You'll be looking at 15 million USDs.  HENCE SHORT AND DISTORT METHOD. Used by wall street plenty of time to strike it rich.

I believe GOX is using all of this media attention to make people wanting to sell off there BTC assets in order to obtain them cheap. I've giving this much thought. If Gox truly wants to shut down. Why not disappear in the middle of the night or close down everything. Instead you leave the website and servers up plus your twitter page? Boiler room schemes disappear overnight if possible.

No firm would ever want Mark Karpeles to invest in there startup. It would just be bad PR overall.

Does anyone know what other skills that Mark Karpeles has beside running exchange.

I would love everyone insight. It basically my conclusion of thinking of this day and night.
kolev
Member
**
Offline Offline

Activity: 94
Merit: 10

My name is Nikolay and am a webaholic.


View Profile WWW
February 25, 2014, 03:11:01 AM
 #2

With the current situation and Gox ceasing communication, trade, and withdraws. It seems the situation is hopeless. Although I currently believe Gox is using the "short and distort" method.

I am not a big fan of GOX or its CEO. I believe Mark is scumbag for what he did so far. I called for his resignation several times on coin desk's comments for articles.

I believe that with past seizures,lawsuits, and protocol issues. GOX has lost a substantial amount of money and trust. Although I believe its not in the CEO best interest from him to runaway. GOX has thousands and even millions of users around the world that used to use the GOX exchange. If Mark Karapeles actually ran away with whatever GOX has left. He would not survive in any country. Either there would be tons of lawsuits against him as soon as he step foot on another country's soil or physical get beaten down. When you talk about peoples' lively hoods or some sort of instrument that has value. Surprising things do happen.

I believe MT. Gox has probably gone the route of devaluing the BTC to point where it can purchase the BTC's for cheap 100$/per coin.  Then later flip them for 500$ or more. Let say GOX acquired 15k worth of BTC at 100$ and flip them at 600$ BTCs. You'll be looking at 15 million USDs.  HENCE SHORT AND DISTORT METHOD. Used by wall street plenty of time to strike it rich.

I believe GOX is using all of this media attention to make people wanting to sell off there BTC assets in order to obtain them cheap. I've giving this much thought. If Gox truly wants to shut down. Why not disappear in the middle of the night or close down everything. Instead you leave the website and servers up plus your twitter page? Boiler room schemes disappear overnight if possible.

No firm would ever want Mark Karpeles to invest in there startup. It would just be bad PR overall.

Does anyone know what other skills that Mark Karpeles has beside running exchange.

I would love everyone insight. It basically my conclusion of thinking of this day and night.
He won't run anyway as those big fraps don't make runners, but he's definitely lost a tremendous amount of bitcoins to get to this level of desperation.

Bitrated user: nikolay.
greenalliancegroup (OP)
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
February 25, 2014, 03:16:35 AM
 #3

With the current situation and Gox ceasing communication, trade, and withdraws. It seems the situation is hopeless. Although I currently believe Gox is using the "short and distort" method.

I am not a big fan of GOX or its CEO. I believe Mark is scumbag for what he did so far. I called for his resignation several times on coin desk's comments for articles.

I believe that with past seizures,lawsuits, and protocol issues. GOX has lost a substantial amount of money and trust. Although I believe its not in the CEO best interest from him to runaway. GOX has thousands and even millions of users around the world that used to use the GOX exchange. If Mark Karapeles actually ran away with whatever GOX has left. He would not survive in any country. Either there would be tons of lawsuits against him as soon as he step foot on another country's soil or physical get beaten down. When you talk about peoples' lively hoods or some sort of instrument that has value. Surprising things do happen.

I believe MT. Gox has probably gone the route of devaluing the BTC to point where it can purchase the BTC's for cheap 100$/per coin.  Then later flip them for 500$ or more. Let say GOX acquired 15k worth of BTC at 100$ and flip them at 600$ BTCs. You'll be looking at 15 million USDs.  HENCE SHORT AND DISTORT METHOD. Used by wall street plenty of time to strike it rich.

I believe GOX is using all of this media attention to make people wanting to sell off there BTC assets in order to obtain them cheap. I've giving this much thought. If Gox truly wants to shut down. Why not disappear in the middle of the night or close down everything. Instead you leave the website and servers up plus your twitter page? Boiler room schemes disappear overnight if possible.

No firm would ever want Mark Karpeles to invest in there startup. It would just be bad PR overall.

Does anyone know what other skills that Mark Karpeles has beside running exchange.

I would love everyone insight. It basically my conclusion of thinking of this day and night.
He won't run anyway as those big fraps don't make runners, but he's definitely lost a tremendous amount of bitcoins to get to this level of desperation.

The problem is how is this guy going to show his face in any country at this point. Either someone will give him a beat down, sue every penny he has, or do both.

On the technical side. Someone to acquire an exchange like that would be very lucrative? or keep running exchange like that very lucrative?
FrictionlessCoin
Legendary
*
Offline Offline

Activity: 868
Merit: 1000


Cryptotalk.org - Get paid for every post!


View Profile
February 25, 2014, 03:17:14 AM
 #4

http://blog.coinbase.com/post/77766809700/joint-statement-regarding-the-insolvency-of-mtgox

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
ymer
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250



View Profile
February 25, 2014, 03:41:26 AM
 #5

I believe GOX is using all of this media attention to make people wanting to sell off there BTC assets in order to obtain them cheap. I've giving this much thought. If Gox truly wants to shut down. Why not disappear in the middle of the night or close down everything. Instead you leave the website and servers up plus your twitter page? Boiler room schemes disappear overnight if possible.

Just like Gox website...

https://www.mtgox.com/
greenalliancegroup (OP)
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
February 25, 2014, 04:41:04 AM
 #6

I knew to trust my gut feeling. Gox is gone. Now lets all hunt Mark Karapeles down. Someone needs to sue him.
king_pin
Sr. Member
****
Offline Offline

Activity: 416
Merit: 250



View Profile WWW
February 25, 2014, 04:59:40 AM
 #7

We just got GOXed

Help to save a persons life with BITCOIN - http://www.bitcoinsaves.org/en/
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!