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I bought BTC with my cash there a couple of weeks ago, took the hit, and got out. Mt. Gox has the distinctive feel that they have inadvertently slipped into Po
by unclebucknasty 13y ago
I bought BTC with my cash there a couple of weeks ago, took the hit, and got out.
Mt. Gox has the distinctive feel that they have inadvertently slipped into Ponzi mode, perhaps as a result of the money they've lost. But, it "feels" like they are moving money around to pay people (whether from collecting additional transaction fees, selling their own BTC, or otherwise). They need more activity to continue cashing people out because they simply don't have the money.
I didn't want to be without a chair when the music stopped.
But, I suppose the more people who do what I did and get out, the better the odds that those who remain will receive their money.