That's why these exchanges are launching:
https://blog.gemini.com/welcome-to-gemini/
http://blog.coinbase.com/post/109202118547/coinbase-launches-first-regulated-bitcoin-exchange
To legitimize Bitcoin exchanges, and insure against these type of overseas unregulated exchanges.
Topic: Fake transactions in the exchanges again? Don't trust your eyes... (Read 3003 times)
January 26, 2015, 10:31:22 AM
January 26, 2015, 05:42:01 AM
where are these fake transactions? not doubting but would like to see them
an example can be this : http://www.coindesk.com/chinese-bitcoin-exchange-okcoin-accused-faking-trading-data/
January 23, 2015, 11:41:09 PM
where are these fake transactions? not doubting but would like to see them
January 23, 2015, 09:45:28 PM
Something fishy is going on right now
The price of BTC is ALWAYS, ALWAYS being manipulated by the big exchanges, especially BTC-E and Bitstamp!
you live in other world... I recommend you to stay away of BTC. you are just a victim for "sharks". Bitcoin is not a heaven where there are angel singing. Bitcoin is a manipulated market, controlled by exchangers.
They create the price, the so called demand and in the end, the fools will pay
you will be like that:
the "exchangers and their shareholders" like that :
January 20, 2015, 09:15:15 PM
If you're accusing an exchange of wrongdoing, please name it.
Actually, I guess an exchange could do it not to manipulate the price of BTC but simply to look bigger.
Actually, I guess an exchange could do it not to manipulate the price of BTC but simply to look bigger.
All the big exchangers. Bitfinex is one of them : https://twitter.com/DoctorBitcoin/status/557526205709037568
Thanks for info. I certainly disapprove, but I sure understand.
how do you disapprove? only with words or without using anymore a such exchanger?
January 20, 2015, 06:32:55 PM
I sometimes wonder if all the hacked exchanges are just an easy way to siphon some coins out and label them 'lost' while avoiding police investigations.
January 20, 2015, 06:26:07 PM
If you're accusing an exchange of wrongdoing, please name it.
Actually, I guess an exchange could do it not to manipulate the price of BTC but simply to look bigger.
Actually, I guess an exchange could do it not to manipulate the price of BTC but simply to look bigger.
All the big exchangers. Bitfinex is one of them : https://twitter.com/DoctorBitcoin/status/557526205709037568
Thanks for info. I certainly disapprove, but I sure understand.
January 20, 2015, 05:27:33 PM
Which exchange are you talking about? I know there's a bunch of trading bots executing micro transactions on bitstamp because of the temporary no-fee trading, but other than that I don't see anything else fishy...
I see most of the discussion revolving around bitstamp. So probablt thats what the op is talking about.
January 20, 2015, 05:08:33 PM
If you're accusing an exchange of wrongdoing, please name it.
Actually, I guess an exchange could do it not to manipulate the price of BTC but simply to look bigger.
Actually, I guess an exchange could do it not to manipulate the price of BTC but simply to look bigger.
All the big exchangers. Bitfinex is one of them : https://twitter.com/DoctorBitcoin/status/557526205709037568
January 16, 2015, 10:52:02 PM
Could someone explain to me how, technically, and exchange coud manipulate the prices by putting fake orders?
I can see how to fake the volume, but the price...
Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere?
I can see how to fake the volume, but the price...
I could buy into that possibility. I heard speculation that it might be due in part to Bitstamp trying to rebuy cheap coins to compensate for the stolen money owed? If true, that could account for the sharp 24 hour decline, but still does not detract from the fact that it's been a half year bear market. But certainly a possibility.
Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere?
Easy, take the coins from cold storage and sell them on the other exchanges, sell fake database coins on their own exchange and keep enough real coin on hand for withdrawals and hope there isn't a bank run before you buy back the cheap coins after the panic crash.
January 16, 2015, 05:47:09 PM
Could someone explain to me how, technically, and exchange coud manipulate the prices by putting fake orders?
I can see how to fake the volume, but the price...
Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere?
I can see how to fake the volume, but the price...
I could buy into that possibility. I heard speculation that it might be due in part to Bitstamp trying to rebuy cheap coins to compensate for the stolen money owed? If true, that could account for the sharp 24 hour decline, but still does not detract from the fact that it's been a half year bear market. But certainly a possibility.
Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere?
Easy, take the coins from cold storage and sell them on the other exchanges, sell fake database coins on their own exchange and keep enough real coin on hand for withdrawals and hope there isn't a bank run before you buy back the cheap coins after the panic crash.
correct. you have to be a child to think that the big exchangers are not related somehow and that they do not take advantage. they are a gang and there are too much money on table. they will push the limits as much as possible, they will earn a lot of money and then.... "who cares?!"
I have read a post here "The exchanges have an incentive to make their markets as fair as possible so more people will trade on them which would result in more trading commissions for them"
Tell that to MT Gox's victims. Remeber, MTGox was the BIGGEST exchanger ; around of 70% from market. "You" knew his face, you knew his identity, his office, bank account and "you" were scammed.
Imagine, that BTC-e (it's a random choice) has no face, no office, no identity...and you keep sending money to "them". After BTC-e will ran with your funds, you will start screaming : thief! ....even you knew from beginning what you are doing. Is it not a VERY strange community here?
January 16, 2015, 05:43:25 PM
If you're accusing an exchange of wrongdoing, please name it.
Actually, I guess an exchange could do it not to manipulate the price of BTC but simply to look bigger.
Actually, I guess an exchange could do it not to manipulate the price of BTC but simply to look bigger.
January 16, 2015, 04:44:40 PM
Could someone explain to me how, technically, and exchange coud manipulate the prices by putting fake orders?
I can see how to fake the volume, but the price...
Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere?
I can see how to fake the volume, but the price...
I could buy into that possibility. I heard speculation that it might be due in part to Bitstamp trying to rebuy cheap coins to compensate for the stolen money owed? If true, that could account for the sharp 24 hour decline, but still does not detract from the fact that it's been a half year bear market. But certainly a possibility.
Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere?
Easy, take the coins from cold storage and sell them on the other exchanges, sell fake database coins on their own exchange and keep enough real coin on hand for withdrawals and hope there isn't a bank run before you buy back the cheap coins after the panic crash.
January 16, 2015, 04:34:43 PM
Interested to see how the launch of decentralized exchange affect the paradigm shift away from these centralized ones.
http://www.coinffeine.com/
https://bitsquare.io/
Looks like for Bitcoin and Crypto, 2015 will be the dawn of truly decntralized P2P exchanges.
http://www.coinffeine.com/
https://bitsquare.io/
Looks like for Bitcoin and Crypto, 2015 will be the dawn of truly decntralized P2P exchanges.
January 16, 2015, 04:25:05 PM
Exactly. The SuperNET and its core coins already have decentralized exchanges and it's growing daily. Coins like BTCD, Vericoin, NXT, and SuperNET all receive a permanent revenue stream from the transactions. Big things are coming...
January 16, 2015, 04:13:55 PM
Something fishy is going on right now
The price of BTC is ALWAYS, ALWAYS being manipulated by the big exchanges, especially BTC-E and Bitstamp!
January 15, 2015, 06:16:25 PM
Something fishy is going on right now
The price of BTC is ALWAYS, ALWAYS being manipulated by the big exchanges, especially BTC-E and Bitstamp!
question: where is BTC-E based? what's their phone number?
I know, you cannot answer because you don't know. Don't you find VERY odd that people are sending money to unknown companies?
They sent money and lost money with MT Gox which had a real office in Japan but at least they had one.
Can you imagine that BTC-e is one of the biggest Bitcoin exchangers even it is a ghost company?
These things say a lot about this market.
People trust btc-e because they have acted honestly so far. As you pointed out just because you know the identity of the operator of an exchange does not mean that your money will be safe at the exchange.
Just because you don't know the identity of an exchange doesn't mean that they are faking their trading volume
All the exchangers are faking the transactions. No doubt about that.
What are you talking about "money and information cannot be seized" ? I hope you are joking
BTC-e owns a bank account and that bank account is public. Their clients are not paying them in cash
BTC-e owns have BIG banks accounts. They are not keeping the money under bed so they can be seized.
January 15, 2015, 05:49:39 PM
Something fishy is going on right now
The price of BTC is ALWAYS, ALWAYS being manipulated by the big exchanges, especially BTC-E and Bitstamp!
question: where is BTC-E based? what's their phone number?
I know, you cannot answer because you don't know. Don't you find VERY odd that people are sending money to unknown companies?
They sent money and lost money with MT Gox which had a real office in Japan but at least they had one.
Can you imagine that BTC-e is one of the biggest Bitcoin exchangers even it is a ghost company?
These things say a lot about this market.
People trust btc-e because they have acted honestly so far. As you pointed out just because you know the identity of the operator of an exchange does not mean that your money will be safe at the exchange.
Just because you don't know the identity of an exchange doesn't mean that they are faking their trading volume
January 15, 2015, 05:38:31 PM
Something fishy is going on right now
The price of BTC is ALWAYS, ALWAYS being manipulated by the big exchanges, especially BTC-E and Bitstamp!
question: where is BTC-E based? what's their phone number?
I know, you cannot answer because you don't know. Don't you find VERY odd that people are sending money to unknown companies?
They sent money and lost money with MT Gox which had a real office in Japan but at least they had one.
Can you imagine that BTC-e is one of the biggest Bitcoin exchangers even it is a ghost company?
These things say a lot about this market.
January 15, 2015, 05:24:55 PM
Something fishy is going on right now
The price of BTC is ALWAYS, ALWAYS being manipulated by the big exchanges, especially BTC-E and Bitstamp!
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