2 ms·
There is value to BTC price stability, and it definitely isn't surprising considering a stable BTC price supports MtGox's bottom line.
by ihsw 13y ago
There is value to BTC price stability, and it definitely isn't surprising considering a stable BTC price supports MtGox's bottom line.
- ISL 13y agoOne could argue that efficient price discovery supports MtGox's bottom line. If bitcoin ends as a currency, it looks like MtGox would be left holding the bag. Healthy exchanges should make money by facilitating transactions, not price support. Of course, if MtGox wanted to underwrite a bitcoin community and then reap the future benefits as a major exchange, this is an efficient way to do it.
- drcross 13y ago|if MtGox wanted to underwrite a bitcoin community and then reap the future benefits as a major exchange, this is an efficient way to do it. wrong, the most efficient way would have been to offer discounts on their rates. That's the main clue that MtGox are not partaking in price manipulation.