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waterlesscloud
on May 25, 2014
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Fraudulent trading activity at Mt. Gox
So why did it crash? Why didn't the fraudster just prop up the price?
bronson
on May 25, 2014
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Because no fraudster can prop it up indefinitely. Gotta lock in your profits before the crash.
dylanhassinger
on May 25, 2014
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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.
boyaka
on May 26, 2014
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Bitcoin has been pumped up and crashed 3 times. The fraudulent trading of Mt. Gox was only the most recent crash.
ok_craig
on May 26, 2014
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According to the actual post, it was at least the last 2 times.
boyaka
on May 26, 2014
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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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