Quote:
Originally Posted by shoemaker
New update from mtgox
My prediction: Mtgox by limiting the BTC cashouts will create fear in the opposite direction from what we have now. Once the cashout faucet is opened even slightly (BTC that is, fiat is ****ed) there will be a lot of buying pressure. I think it will push if not go beyond the last all time high ($1200) on mtgox alone because of panic buying to get out.
Other exchanges will follow slightly but still be far behind, just like earlier.
Thoughts?
The amount of the "limit" will be interesting. Really the size of it will show just how insolvent they are. Super low number means flat broke, a larger number means not so bad. I'm thinking it's going to be a pretty low number. Then they are going to have "issues" with the new system and it's going to be delayed again.
This of course will only happen after they allow withdrawals "soon". You know over a year ago they were going to add ltc to their trading engine "soon".
They will do anything to drag it out and bring in as much fiat as possible and give out as little BTC. If they don't do this, awesome, they are legit, BUT, if it starts to pan out this way, it is obvious they are in a world of hurt.