Good Afternoon Gentlemen, Friends.

[Charles Ponzi]

My friends,

The name is Charles Ponzi.

I come to you with an opportunity to get rich, through a high-yielding investment called Bitcoin.

How does it work? My friends, it uses lots of computers.

https://www.mtgox.com/

[SrslySirius]

[Sanlmar]

I'll take "know your fraud" for $100, Pat.

[4Dragons]

[garrett]

I have been thinking this whole thing fits a classic Pump and Dump model.

Peaked at $1200 tumbled down since. Mt. Gox the one time #1 Btc wallet failing or scamming, it is hard to get a great feeling on how well btc in general will be accepted after all of this. Funny part is the bitcoin world is full of armchair economists who all think they have a clue about something that in reality very few do. Couple that with the breadth of the internet in connecting people, and the fascination of btc in general, in this day and age it only makes sense. The reality is with all of those ingredients the possibly greatest internet widget of all time could be one elaborate high level, hof, scheme.


Is the entire scheme they built up, now failing. That is an interesting question and if so are the "early" investors now realizing it is time to dump and gtfo. Only time will tell.

[4Dragons]

I have been thinking this whole thing fits a classic Pump and Dump model.

Peaked at $1200 tumbled down since. Mt. Gox the one time #1 Btc wallet failing or scamming, it is hard to get a great feeling on how well btc in general will be accepted after all of this. Funny part is the bitcoin world is full of armchair economists who all think they have a clue about something that in reality very few do. Couple that with the breadth of the internet in connecting people, and the fascination of btc in general, in this day and age it only makes sense. The reality is with all of those ingredients the possibly greatest internet widget of all time could be one elaborate high level, hof, scheme.


Is the entire scheme they built up, now failing. That is an interesting question and if so are the "early" investors now realizing it is time to dump and gtfo. Only time will tell.