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by swishercutter 5477 days ago
The flaw here is there is typically more BTC sellers than buyers due to mining/dark pool. That combined with BlockExplorer tracking makes it pretty much impossible. Unless you are seeing something I am not.

I guess your theory will be tested when a large majority pulls their money from Mt.Gox...that is if that happens...we will all know in the next few days.

1 comments

BlockExplorer won't help you in this hypothetical case because as I understand it MtGox doesn't even pretend to preform actual BTC transactions until you withdraw. Before you withdraw your "BTC" are only numbers in MtGox's internal system. They could be selling you additional of these numbers without having the actual BTC behind them available.

Anyway, I'm not saying they have sold more than they actually have, just that it is a technical possibility.