Quote:
Originally Posted by woj
my point was if few hour downtime of Mt.Gox causes 20% drop in price, what would a downtime lasting days, or complete shut down of Mt.Gox do to the price of bitcoins?
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i'm sure we will find out within the next several months, i wold think there will be more of this to come, mtgox said their beefed-up new site won't be ready with all the security features until the end of the year.
Quote:
Originally Posted by Supz
Yes basically. But junk bonds really don't exist anymore. There are credit ratings on bonds and most individual investors will only go with A+ rated bonds, unless they are complete morons. Also with all the crazy shit that has happened in the market over the course of the last decade, Ponzi's schemes & such. The regulations that have been implemented now are extremely strict. It is a lot harder to manipulate things now then it used to be.
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i see, the other thing i was thinking of re: markets being manipulated from the inside is the bro's network. favors cashed in, calls made, only the sweet deals going to those already sitting at the table.
i'd think a lot of that still influences the exchanges eh?