RE: Mt. Gox is a big reason for the Bitcoin price crash from all time high
well the article that i read this morning suggested that there was another 170k BTC held by the trustee.
So that begs a few questions:
if you're a creditor, wouldn't you prefer the BTC rather than the fiat equivalent of the price at the time?
If they're giving fiat equivalent of the price at the time, then who keeps the profits?
was the dumping of the coins a deliberate action to bring down the market? what was the motivation for this? government? opportunistic chance to buy cheaper bitcoins?
Yeah on one hand it's nice to read the actual reason - but personally I was never really concerned about the viability as a result of the "crash" (which I prefer to call a correction). Whether it's this, or that, or whatever, it'll still bounce back to a new ATH soon enough.
exactly, I was thinking this too.
we both know that answer :/
My gut tells me they were shorting it at the same time, but who knows... in a way it's good for newcomers and believers to be able to buy cheaper but at the same time so many must've lost a fortune panic selling, etc...
the joys of an unregulated economy. Opens the door to more blatant manipulation.
That's the price we pay i guess..