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Topic: LOL@GOX price manipulation (Read 3063 times)

hero member
Activity: 784
Merit: 1000
April 17, 2013, 11:08:34 AM
#26
LOL @ the trolls/shills in this thread.
sr. member
Activity: 350
Merit: 250
April 12, 2013, 01:38:51 AM
#25
They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.
That's called "front running".

Gox is essentially an unregulated exchange circa 1920. Bids/asks are mismatched to the point of malfeasance (or worse) during these lags. Churning, front running, wash trades, etc.....

Agreed agreed agreed.  I just started following btc in jan 2013, and this has become more than apparent. Gox is manipulating the hell out btc value. Playing off the fears an fervor. . I can't believe more arent talking about this. Seems all ppl want to do is repeat bs about dos attacks, and how they seen it coming. Sure we all seen it coming but its the way it was executed and orchestrated. . And the way the alleged " oldest most sophisticated" btc exchange is handling things.

Is it too late to support the other exchanges?
sr. member
Activity: 364
Merit: 250
April 12, 2013, 01:30:16 AM
#24
This is the second time they've restarted us much higher than where we stopped. And we're headed back down....and of course, when we start going down we lag. Are they going the shut this off again because we aren't going in the right direction?

And they are not crediting bitcoin deposits.
member
Activity: 70
Merit: 10
April 12, 2013, 01:26:40 AM
#23
While I'm far from accusing anyone of bad intentions, it's hard not to see that they probably liked the recent events:



Even if all trades had only 0.3% fee, they've earned more than 700K USD last week only (12M volume as seen on the chart above). Compare that to 150-200K they've earned in January and you'll see that they probably want the price to go sky high.

Yes.
legendary
Activity: 2212
Merit: 1008
April 12, 2013, 01:25:42 AM
#22
if you dont have balls of steel you probably lost money today.
member
Activity: 70
Merit: 10
April 12, 2013, 01:23:23 AM
#21
Its at $101.90 right now, so server is about to shut down again?

I believe it is. Is this the fourth time they will have stopped and restarted this thing after it started falling? I've lost track. They restarted once after my last post....
hero member
Activity: 607
Merit: 500
April 12, 2013, 01:20:17 AM
#20
While I'm far from accusing anyone of bad intentions, it's hard not to see that they probably liked the recent events:



Even if all trades had only 0.3% fee, they've earned more than 700K USD last week only (12M volume as seen on the chart above). Compare that to 150-200K they've earned in January and you'll see that they probably want the price to go sky high.
full member
Activity: 182
Merit: 100
April 12, 2013, 01:19:30 AM
#19
Its at $101.90 right now, so server is about to shut down again?
member
Activity: 70
Merit: 10
April 12, 2013, 01:16:01 AM
#18
Mt Gox seems to want to keep this at 3 digits. It looks like they will halt this over and over and walk it back up if necessary......I don't think they will accept 2 digits.
member
Activity: 70
Merit: 10
April 12, 2013, 12:43:09 AM
#17
This is the second time they've restarted us much higher than where we stopped. And we're headed back down....and of course, when we start going down we lag. Are they going the shut this off again because we aren't going in the right direction?
hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
April 12, 2013, 12:29:40 AM
#16
They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.
That's called "front running".

Nagle is back?
member
Activity: 70
Merit: 10
April 12, 2013, 12:12:04 AM
#15
They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.
That's called "front running".

Gox is essentially an unregulated exchange circa 1920. IMO Bids/asks are mismatched to the point of malfeasance (or worse) during these lags. Churning, front running, wash trades, etc??
legendary
Activity: 1204
Merit: 1002
April 11, 2013, 11:53:10 PM
#14
They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.
That's called "front running".
newbie
Activity: 49
Merit: 0
April 11, 2013, 11:42:47 PM
#13
if you're spamming the system with small transactions to lag it down, then de-lagging for a few seconds, at which time you happen to show a big chunk of well placed coins , the bots can jsut move out of the way to find their happy homes, and some even shut down to avoid processing an order to a competitor, etc....

anyhow, all i know is that I saw some big chunks of coins at prices where I knew they didn't really want to buy, and I knew they  didn't really want to sell, over and over.
sr. member
Activity: 336
Merit: 250
April 11, 2013, 10:16:27 PM
#12
They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.

Gox is a complete sham. Utter disgrace. How are they in control of a $1B+ economy? This is bizarro world.

And I'm not crying. I've been calling them out since before this meltdown.




I'm not even sure what this means??

It's a way of torpedoing a thread which is discussing something a lot of bitcoin users would rather ignore.
hero member
Activity: 616
Merit: 500
April 11, 2013, 10:00:11 PM
#10
They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.

Gox is a complete sham. Utter disgrace. How are they in control of a $1B+ economy? This is bizarro world.

And I'm not crying. I've been calling them out since before this meltdown.



hero member
Activity: 714
Merit: 510
April 11, 2013, 09:59:06 PM
#9
its not even mostly gox, but im sure they hold some coins

i think is was a dump from some early miner/pioneer followed by a timing attack from a capital group , and now they're storm buying


Describe a timing attack?
member
Activity: 70
Merit: 10
April 11, 2013, 09:51:50 PM
#8
They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.

Gox is a complete sham. Utter disgrace. How are they in control of a $1B+ economy? This is bizarro world.

EDIT: My BTC holdings are inconsequentially small (my interests are academic & startup related). I've been calling them out since before this meltdown.
sr. member
Activity: 336
Merit: 250
April 11, 2013, 09:50:24 PM
#7
Poor you..... sold at 65?



Cry more bitches


I've no dog in this hunt, I just find it odd that a bunch of people so critical of the central bank model tolerate it in their Libertarian wet-dream currency
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