some kind of price manipulation
of course this could be. its a free and unregulated market until today.
Topic: Fake chinese trades? (Read 1226 times)
It can be that person wants to move cash fast and doesn't care paying a premium.
I was watching the charts and about an hour ago there was a massive low sell followed by a buyout. http://bitcoinity.org/ went down by a 1000 CNY for a few minutes as someone sold more than 500 btc and immediately bought them back. I hope I'm wrong but it looks like some kind of price manipulation to increase the trade volume. Is that how their market works?
How do you know its manipulation and not just a whale selling off with big slippage, while another whale was waiting for that slippage to buy in?
Stop chasing ghosts
They have a talent for that. 
By fake you mean
As price rises, there is less and less need to sell a lot of coins
The children can play in their exchange sandboxes, while the adults hold their BTC for sale at/around the ATH (like me) or $2500 USD/BTC (like luke-jr) or $10k/BTC (like coingenuity).
It's no conspiracy, that's why free markets don't work. That's why we have government regulation in the real world. The trades aren't fraudulent in an illegal sense because there is no regulation, but as you have stated, they are manipulative...
I don't think outside regulations are necessary, but the thing is the chinese are trading without fees, which means they can move money between users manipulating the stock completely free of charge. Why would we care? Because all exchanges are affected by what happens in there and it feels like we are dancing to their music.
FREE MARKETS RULE!!! We don't want government regulation.
It's no conspiracy, that's why free markets don't work. That's why we have government regulation in the real world.
Lol, and what doesn't work about them?I'm so damn confused about everybody trolling about the BTCChina numbers its not even funny. WHY are "free" trades necessarily "fake"? They aren't. At the most, the volume numbers are "fake". What ultimately matters is what you can buy BTC for and what you can sell BTC for. And there's no way of manipulating that.
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The trades aren't fraudulent in an illegal sense because there is no regulation, but as you have stated, they are manipulative...
Only so manipulative as people let them be, because they like seeing patterns in charts. If you predicted your trades based on tea leaves, and I figured some weird-ass ways of making the leaves fall in some order, does that mean the government should regulate tea?Quote
The point of trading on an exchange is to let the big sharks eat the small fish. The small fish don't care as long as they can transact.
And if they CAN transact, then nobody is 'eating' anybody else, but people are in fact getting what they want done, done.
It's no conspiracy, that's why free markets don't work. That's why we have government regulation in the real world. The trades aren't fraudulent in an illegal sense because there is no regulation, but as you have stated, they are manipulative...
The point of trading on an exchange is to let the big sharks eat the small fish. The small fish don't care as long as they can transact. Then we should would ask why do some people make a big deal about central banks when it only affects the big sharks, the big players have the most to lose... An ordinary citizen with a small savings account is barely affected by central bank policies. They just cry out the loudest but they aren't the ones most affected by it.
The point of trading on an exchange is to let the big sharks eat the small fish. The small fish don't care as long as they can transact. Then we should would ask why do some people make a big deal about central banks when it only affects the big sharks, the big players have the most to lose... An ordinary citizen with a small savings account is barely affected by central bank policies. They just cry out the loudest but they aren't the ones most affected by it.
People who do massive dumps will generally get a friend to buy up their low sells.
then what would the point of trading on an exchange be?
People who do massive dumps will generally get a friend to buy up their low sells.
I was watching the charts and about an hour ago there was a massive low sell followed by a buyout. http://bitcoinity.org/ went down by a 1000 CNY for a few minutes as someone sold more than 500 btc and immediately bought them back. I hope I'm wrong but it looks like some kind of price manipulation to increase the trade volume. Is that how their market works?
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