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Author Topic: Cause of the BTCUSD Crash on February 13th, 2012  (Read 3306 times)
is4tomj
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February 15, 2012, 11:26:22 PM
 #21

What do you mean by:

as for tradehill
tradehill == "long con"

You think Trade Hill is just out to scam people?
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February 15, 2012, 11:29:23 PM
 #22

Same here.  He's been off for a couple hours.  I'm sure he has a lot of things to do.

I am currious about who is eating the $100K loss.  As the updated announcement states, the trade hill guys are raising money for bitcoin.com.  I seems hard to believe that investors taking a $100K bath would be likely to invest again.  

Furthermore, it isn't likely that trade hill incurred a $100K loss over night.  Shouldn't trade hill have seen this coming?  Or been able to adjust before such a staggering loss?
Investors probably have millions, tens of millions, or hundreds of millions.  Anyone willing to risk money on Tradehill probably makes dozens of other equally risky investments.  Which means they expect losses.  Make a good case for why round 2 will go better, and you could probably bring many of them back on board again.  I've seen it happen in a company I worked for.

Aside from that, Tradehill has stated that they have been working for free for the past several months in order to help make up for the loss.
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February 15, 2012, 11:59:43 PM
 #23

Quote from: is4tomj
You think Trade Hill is just out to scam people?

Did their customers lose assets?

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DeathAndTaxes
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February 16, 2012, 08:16:11 PM
 #24

Quote from: is4tomj
You think Trade Hill is just out to scam people?

Did their customers lose assets?

No.
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February 19, 2012, 05:08:53 AM
 #25

Quote from: is4tomj
You think Trade Hill is just out to scam people?

Did their customers lose assets?

No.

Or, at least, theoretically not. It's still being processed.

-- BinaryMage -- | OTC | PGP
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