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    Author Topic: MtGox withdrawal delays [Gathering]  (Read 909065 times)
    jemenake
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    February 14, 2014, 03:34:10 AM
     #4121


    I don't get this. Why is everybody selling their BTC ? Fiat withdrawal is almost not possible.

    Not only that, but I hate to see people (possibly) aiding Karpeles in his attempt to manipulate the market in order to make MtGox solvent.

    If you believe what some people are saying here, then the BTC withdrawal freeze is an attempt to drive the price down so that MtGox can afford to buy the BTC they're going to need when they unfreeze withdrawals and everybody runs for the exit and tries to transfer their BTC out.

    If that's true, then I'd prefer to see everybody cancel their sell orders to keep the price from dropping. I know they're thinking that they'd rather get *some* fiat for their BTC, but this means that Karpeles might be able to actually pull it off. Personally, I'd rather risk losing my BTC in order to make Karpeles conclude that this gambit isn't going to work and force him to finally come clean about how he screwed up.
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