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It would surprise me if Mt. Gox would maliciously manipulate accounts, as this would not make sense for them. Currently they own loads of money via transaction fees - why should they risk their monopoly status for some short term gains?


Perhaps because they think that there are only short-term gains to be had out of bitcoin? I'll take a hundred thousand real dollars now over a million bitcoins in 2013, thankyou very much.

MtGox has been fundamental to the whole pump-and-dump side of bitcoin so it wouldn't surprise me if they're manipulating the market.


I guess that they currently already earn something like hundread thousand dollars a month, based on the current volume and their trade charges.


According to http://www.smartmoney.com/invest/stocks/the-bitcoin-triples-... they were making $40,000 a day. That's pretty incredible.


Malice isn't required for one to lose all of their investment in such a manner.




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