The bots should actually be helping the markets.
Topic: Bots Artificially raising Mt GOX prices ? (Read 859 times)
Hi ,
I dont know if this belongs here but i am noticing that bots are artificially raising prices in mt gox. I know this because i see multiple small transactions of 0.01000 or 0.001000 BTC selling . in the mean time after each of these transaction the prices increase.
It looks like good news to those owning bitcoin, but on a longer run artificially maintained prices tend to burst the bubble. and i think the Bots are aiming for that.
Once panic selling starts and bitcoin bottoms out again, the bots again pick up from where they left off from.
I think we are getting scammed. But i am not to sure.. I'm thinking to buy more bitcoin but, looking at todays charts and numbers it looks kind a sketchy . please advise.
I dont know if this belongs here but i am noticing that bots are artificially raising prices in mt gox. I know this because i see multiple small transactions of 0.01000 or 0.001000 BTC selling . in the mean time after each of these transaction the prices increase.
It looks like good news to those owning bitcoin, but on a longer run artificially maintained prices tend to burst the bubble. and i think the Bots are aiming for that.
Once panic selling starts and bitcoin bottoms out again, the bots again pick up from where they left off from.
I think we are getting scammed. But i am not to sure.. I'm thinking to buy more bitcoin but, looking at todays charts and numbers it looks kind a sketchy . please advise.
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