Author

Topic: MT Gox... You Can Not Control The Exchange Market. (Read 1548 times)

sr. member
Activity: 304
Merit: 250
Do your part for Bitcoin!
"Don't let private businesses do what they want. Yeah! lets regulate MtGox."

Here is a solution. Go to another exchange.
legendary
Activity: 2198
Merit: 1311
What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.

I don't think MtGox would do it, but did you see the buy orders get cancelled before the price hit ~$16.60?
I saw one earlier, for over 1000BTC (Near) 16.75. It was canceled before the price reached it.
With a real buy order, the person expects the market will be falling to reach that price....

Many of the orders were clearly "fake", IMO.

I've been talking about that for the past 2 days or so.  It was obviously somebody trying to pull the market down.

i thought the opposite

They were luring sellers into thinking there was liquidity and then moving/removing bids, which in effect frightened already scared sellers into selling even further into the bids for fear of larger drops, effectively lowering the price.
full member
Activity: 168
Merit: 100
What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.

I don't think MtGox would do it, but did you see the buy orders get cancelled before the price hit ~$16.60?
I saw one earlier, for over 1000BTC (Near) 16.75. It was canceled before the price reached it.
With a real buy order, the person expects the market will be falling to reach that price....

Many of the orders were clearly "fake", IMO.

I've been talking about that for the past 2 days or so.  It was obviously somebody trying to pull the market down.

i thought the opposite
member
Activity: 112
Merit: 10
Are we sure that something didn't crash? Looking at the charts, it doesn't seem like the "halting" lasted very long.
legendary
Activity: 2198
Merit: 1311
What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.

I don't think MtGox would do it, but did you see the buy orders get cancelled before the price hit ~$16.60?
I saw one earlier, for over 1000BTC (Near) 16.75. It was canceled before the price reached it.
With a real buy order, the person expects the market will be falling to reach that price....

Many of the orders were clearly "fake", IMO.

I've been talking about that for the past 2 days or so.  It was obviously somebody trying to pull the market down.
legendary
Activity: 1937
Merit: 1001
oh gosh... here we go again with the worthless topics....
legendary
Activity: 1176
Merit: 1280
May Bitcoin be touched by his Noodly Appendage
What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.

I don't think MtGox would do it, but did you see the buy orders get cancelled before the price hit ~$16.60?
I saw one earlier, for over 1000BTC (Near) 16.75. It was canceled before the price reached it.
With a real buy order, the person expects the market will be falling to reach that price....

Many of the orders were clearly "fake", IMO.
Agreed
I demand delays between cancellation asks and cancellation applications
legendary
Activity: 1137
Merit: 1001
What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.

I don't think MtGox would do it, but did you see the buy orders get cancelled before the price hit ~$16.60?
I saw one earlier, for over 1000BTC (Near) 16.75. It was canceled before the price reached it.
With a real buy order, the person expects the market will be falling to reach that price....

Many of the orders were clearly "fake", IMO.

"fake" may be a bad term, perfectly OK by me to bid $16.25 for 10,000 BTC if you are just trying to show demand and sell at $16.85 or so. It's Ok to show offers if you don't want to sell, but rather buy a few pennies lower.

However, if someone is bidding $16.25 for 10,000 when the market is $16.70, and have someone offer 20,000 at $16.25, that person bidding for 10,000 btc better eat them.
legendary
Activity: 2408
Merit: 1121
It's back.

Last: 16.25

legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.

I don't think MtGox would do it, but did you see the buy orders get cancelled before the price hit ~$16.60?
I saw one earlier, for over 1000BTC (Near) 16.75. It was canceled before the price reached it.
With a real buy order, the person expects the market will be falling to reach that price....

Many of the orders were clearly "fake", IMO.
legendary
Activity: 2198
Merit: 1311
What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?
newbie
Activity: 56
Merit: 0
This from one rolling around in BTC.
You my dear are a real libertine!
what will be will be.
sr. member
Activity: 832
Merit: 250
Trying to control the natural course of the market is a mistake. Let the demand and supply rule the game. If the price wants to drop to 1.00 USD, just let it be. Dont be scared.

Maria.
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