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    Author Topic: MtGox withdrawal delays [Gathering]  (Read 909065 times)
    raskul
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    February 21, 2014, 07:20:00 AM
     #4801

    Bitstamp and btce also collapse.

    Likely this is due to two factors:

    1. Confidence in Bitcoin has sunk because of the MTGOX debacle

    2. People are anticipating that any coins that come out of gox will be immediately sold for a profit.

    i'd also place in the mix; 3. mass mining farms flying in the face of the ethos of decentralisation.

    There are more midgies in the broth than just the troubles at gox. Remember, the market has been ignoring gox btc value for a few days now. Those big farms will have a dictat on the value because we are seeing those who run these farms now with hundreds of thousands of coin - it's obviously going to devalue the asset (in many ways).

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