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by waterlesscloud 4401 days ago
So why did it crash? Why didn't the fraudster just prop up the price?
3 comments
bronson 4401 days ago
Because no fraudster can prop it up indefinitely. Gotta lock in your profits before the crash.
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dylanhassinger 4401 days ago
like all ponzi schemes, it relied on new users getting sucked in. As other exchanges grew and Mt Gox doubts spread, I imagine their growth rate dropped.
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boyaka 4401 days ago
Bitcoin has been pumped up and crashed 3 times. The fraudulent trading of Mt. Gox was only the most recent crash.
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ok_craig 4401 days ago
According to the actual post, it was at least the last 2 times.
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boyaka 4400 days ago
Depends on what you consider a crash. IMO it crashed in November and hasn't had it's next climb yet.
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