Gox is playing market maker | Bitcointalksearch.org

Manticore

member

Activity: 70

Merit: 10

Quote from: keystroke on April 11, 2013, 10:04:18 PM

Could you explain a bit more how they do this and what their goals are? I am interested in some technical details. Thanks!

Someone who wants to keep the price up has been doing this....

https://bitcointalksearch.org/topic/more-bot-bidsto-simulate-interest-173375
https://bitcointalksearch.org/topic/doing-all-they-can-to-hold-it-above-200-172540
https://bitcointalksearch.org/topic/gox-bizarrity-170483

keystroke

hero member

Activity: 900

Merit: 1014

advocate of a cryptographic attack on the globe

Quote from: Manticore on April 11, 2013, 09:58:34 PM

Quote from: revans on April 11, 2013, 09:46:26 PM

Quote from: Manticore on April 11, 2013, 09:42:29 PM

......at every support level. It's just taken awhile for people to notice.

It's so blatant, I guess because there is no regulator to slap them down they don't even have to bother trying to hide it. With their market control what they are doing is a sure-fire way to end up crashing bitcoin for good.

Yes, it's like the US stock market in the 1920s. There are no regulations so anything goes. I don't think they want to fix the lag. The lag is how they control the market, quell panic selling, pump the bid/ask with tiny bot bids, etc etc. They've been doing this blatantly for the past three months (always at major technical and psychological support levels) but most of the people on this forum, I assume, are not very involved in equities and don't realize how truly bizarre the pricing action is on Mt Gox. Or, they like that Gox is pumping this....

Could you explain a bit more how they do this and what their goals are? I am interested in some technical details. Thanks!

Wuji

newbie

Activity: 56

Merit: 0

Quote from: revans on April 11, 2013, 09:18:01 PM

Absolutely obvious price manipulation by Gox, they are desperate to try and keep price at at least 80 but keep getting hammered back

I don't think they are directly manipulating to keep it up or they would of done so above $200 and not let it go to $105.

I have however felt all day long that they only shutdown after seeing massive volume sell offs. They reopened tonight to let everyone cool off in hopes of slowing it down. This may backfire really bad tomorrow though if people simply lose faith in Mt. Gox since they still seem to be lagged to hell. They didn't fix a damn thing it looks like.

They don't want lag to cause the price to plummet. If you read the posts on their main page a couple weeks ago they were telling everyone to hold and not sell. As if you can stop speculators from speculatin'. Speculators gonna speculate. Grin

Manticore

member

Activity: 70

Merit: 10

Quote from: revans on April 11, 2013, 09:46:26 PM

Quote from: Manticore on April 11, 2013, 09:42:29 PM

......at every support level. It's just taken awhile for people to notice.

It's so blatant, I guess because there is no regulator to slap them down they don't even have to bother trying to hide it. With their market control what they are doing is a sure-fire way to end up crashing bitcoin for good.

Yes, it's like the US stock market in the 1920s. There are no regulations so anything goes. I don't think they want to fix the lag. I think the lag is how they control the market (IMO), quell panic selling, pump the bid/ask with tiny bot bids (or someone is, it seems), etc etc. I think they've been doing this blatantly for the past three months (always at major technical and psychological support levels) but most of the people on this forum, I assume, are not very involved in equities and don't realize how truly bizarre the pricing action is on Mt Gox. Or, they like that Gox might be pumping this....

revans

sr. member

Activity: 336

Merit: 250

Quote from: Manticore on April 11, 2013, 09:42:29 PM

......at every support level. It's just taken awhile for people to notice.

It's so blatant, I guess because there is no regulator to slap them down they don't even have to bother trying to hide it. With their market control what they are doing is a sure-fire way to end up crashing bitcoin for good.

Manticore

member

Activity: 70

Merit: 10

......at every support level. It's just taken awhile for people to notice.

Manticore

member

Activity: 70

Merit: 10

I believe they've been doing this all along.....

revans

sr. member

Activity: 336

Merit: 250

Absolutely obvious price manipulation by Gox, they are desperate to try and keep price at at least 80 but keep getting hammered back

Topic: Gox is playing market maker (Read 926 times)