Things can change rapidly when it comes to financial investments. That's why people look for more sound and stable investments, something Bitcoin does not attract whatsoever, makes Bear Stearns look reasonable. But more to the point, yea at the time I said dump, following the news it was actually the smart move to do as it did dip until computer programs (another thing you don't want when dealing with investments is a bunch of microtrading) overcorrected and stabilized the price. Then later the China thing, following the news maybe you coulda jumped in and profited alongside Mt. Gox, but now you sound bitter you didn't. It's okay though, I don't follow the insider trading Bitcoin news either.
As it stands now, nothing..... nothing at all....... is preventing any other exchange from pulling the same crap as Mt. Gox is.
tl;dr bitcoins are more fraught with fraud than derivatives
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02-28-2014, 04:06 PM
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