The Alarming Truth About Bitcoin Exchanges | prima.tv - live on-line

Follow me on Twitter for real-time trading updates - https://twitter.com/ChrisDunnTV I was really tired during this video, but I had to do it because I really think I can help people save a ton of money. I'm a trader, which is all about making money, ...

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The Alarming Truth About Bitcoin Exchanges

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Published by: prima.tv | Date: 06/01/2018 | Views: 1,365
Follow me on Twitter for real-time trading updates - https://twitter.com/ChrisDunnTV I was really tired during this video, but I had to do it because I really think I can help people save a ton of money. I'm a trader, which is all about making money, but capital preservation comes before profits. You can't make money if you lose it all. In this video I want to talk about the Truth about bitcoin exchanges. I've continually said that I don't trust any bitcoin exchange or 3rd party service... And that I think MtGox is a joke and even though they were one of the pioneers of bitcoin exchanges, that I have ZERO trust for them. I've even been predicting for months that they're going to have some tremendous liquidity issues. Anytime a broker, exchange, bank, friend you've lent money to, or anyone else "holding" your capital isn't able to prove they have your money, always assume the worst. 4 reasons why they would halt withdraws: 1. they are not solvent 2. they're having "technical issues" 3. they're under investigation 4. they're not willing to allow a "run on the bank" Keep in mind... MtGox is NOT insured - they close, you lose your coins The fact that their CEO, Mark Karpeles isn't saying anything is a HUGE concern. If things are 100% Ok, why the hell isn't he screaming that from the mountain tops? From where I'm sitting, the only reason he's not publicly reassuring people is because there really is a bigger issue that he's not being transparent about. Interesting developments: https://coinwatch.wordpress.com/2014/02/06/mt-gox-btc-withdrawals-broken/

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