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I've always wondered how much of the wild fluctuations in the early days were due to Mt Gox manipulating the economy.
by swalsh 11y ago
I've always wondered how much of the wild fluctuations in the early days were due to Mt Gox manipulating the economy.
- nxzero 11y agoHow would Mt Gox been able to do this?
- chejazi 11y agohttps://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/ https://willyreport.wordpress.com/2014/05/25/the-willy-repor...
- cb18 11y agoIf by wild fluctuations you mean the out of nowhere exponential price growth, I think gox shenanigans are understood by many(without the bias of millions of dollars invested) to be among the main causative factors there. It certainly can't be easily dismissed as a probable cause.
- kyledrake 11y agoI think Mt Gox may have largely contributed to it and perhaps was even the main instigator, absolutely, but we need more evidence. I'm very interested to see what comes out of the Japanese criminal court case against Mark Karpeles, it may reveal a lot of important historical information here. There's been some speculation that the Bitcoin Halvening may affect the price soon: http://www.thehalvening.com http://www.thehalvening.com Personally though, I'm perfectly fine with Bitcoin prices being stable. The gold rush craziness was really toxic for Bitcoin in the end.
- firethief 11y ago> http://www.thehalvening.com http://www.thehalvening.com Lol. "Real time data: total number of bitcoins: <number that isn't even an integer, let alone a multiple of 25>"
- riprowan 11y agoCompare to the period 1970-1980 when the Hunt brothers tried to corner the silver market. https://en.wikipedia.org/wiki/Silver_Thursday#/media/File:Silver_price_in_USD.png https://en.wikipedia.org/wiki/Silver_Thursday#/media/File:Si...