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It would surprise me if Mt. Gox would maliciously manipulate accounts, as this would not make sense for them. Currently they own loads of money via transaction
by gst 15y ago
It would surprise me if Mt. Gox would maliciously manipulate accounts, as this would not make sense for them. Currently they own loads of money via transaction fees - why should they risk their monopoly status for some short term gains?
- hugh3 15y agoPerhaps because they think that there are only short-term gains to be had out of bitcoin? I'll take a hundred thousand real dollars now over a million bitcoins in 2013, thankyou very much. MtGox has been fundamental to the whole pump-and-dump side of bitcoin so it wouldn't surprise me if they're manipulating the market.
- gst 15y agoI guess that they currently already earn something like hundread thousand dollars a month, based on the current volume and their trade charges.
- estel 15y agoAccording to http://www.smartmoney.com/invest/stocks/the-bitcoin-triples-again-1307638613180/?link=SM_hp_ls1e http://www.smartmoney.com/invest/stocks/the-bitcoin-triples-... they were making $40,000 a day. That's pretty incredible.
- scott_s 15y agoMalice isn't required for one to lose all of their investment in such a manner.