Could he have been inflating the price to recover the loss from the stolen bitco... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		guiomie on June 27, 2014 \| parent \| context \| favorite \| on: Q&A With Mt. Gox’s Karpelès: What Went Wrong? Could he have been inflating the price to recover the loss from the stolen bitcoins ? This way he could have kept the company a float ...

danielweber on June 27, 2014 | [–]

But he was short N bitcoins. He should have tried to drive the price down so he could rebuy those N bitcoins.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact