An $814M Mystery Near the Heart of the Biggest Bitcoin Exchange

Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by tarsinge on Tuesday December 05, 2017 @11:40AM (#15852883)

Couldn't they do it partially by betting that not all their customers would withdraw their funds simultaneously? Lot of less technically inclined people seem to keep their coins on one exchange like Coinbase

[ Parent | on HN ]

Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by pentae on Tuesday December 05, 2017 @11:50AM (#15852999)

But then if this was true, that would mean the real bitcoin supply is actually worth more than it is now.

[ Parent | on HN ]

Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by python-guy-vt on Tuesday December 05, 2017 @11:45AM (#15852934)

Good point. I am taking for granted that people will have their coins in their wallets, and lot just leave them up on an exchange.

[ Parent | on HN ]

Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by empath75 on Tuesday December 05, 2017 @12:35PM (#15853515)

how many people do you think keep their bitcoins in wallets vs on exchanges?

[ Parent | on HN ]

Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by python-guy-vt on Tuesday December 05, 2017 @04:27PM (#15856176)

don't know, but I would think leaving it on an exchange is a terrible idea (Mt. Gox)

[ Parent | on HN ]