Price manipulation and market frontrunning at mcxnow.com - page 4.

TheSpiral

full member

Activity: 322

Merit: 113

Sinbad Mixer: Mix Your BTC Quickly

Quote from: QuantPlus on September 27, 2013, 10:41:55 AM

Quote from: TheRealSolid on September 27, 2013, 10:21:33 AM

I haven't seen any pump or dump activity in the freakbin (not that I monitor it 24 hours a day). The freakbin is meant for REGULAR users of the exchange who have views that are typically offensive. It gives them an outlet which doesn't disrupt regular users and is in some ways a reward for being loyal members for so long. It's an attempt to make the exchange more professional. An attempt! I think with the recent payban introductions people have been self moderating fairly well.

If you really want to make mcxNOW more "professional"...
Could you please allow people to disable the Crack Box?

It takes up 20% of the screen space = MAXIMUM DISRUPTIVE...
It's hard to be more disruptive than Hiding Your Orders.

Simply make the buttons there STICKY...
If I click "Your MCX Orders" the Chat Box should be gone forever unless I want it.

Sounds fine to me, at least an "only system messages" option that only shows lottery drawings and bans (for fee calculation purposes)

rix5

sr. member

Activity: 271

Merit: 250

you profit from it JarlMezentius, i know ...

JarlMezentius

newbie

Activity: 17

Merit: 0

Quote from: rix5 on September 27, 2013, 10:56:33 AM

Quote from: JarlMezentius on September 27, 2013, 10:33:34 AM

As far as your 'Worst Case scenario' where one trader builds a buy wall, and through a few well placed small buys/sells they panic a crowd of people into selling or buying their shares or coins. That's absurd on it's face due to the amount of coin spent, immediately devalues the coin/share they have already invested in.

"immediately devalues the coin/share they have already invested in"

does not apply if prices bounce back reliably which is the case with mcxfee ... this is endless cashmaking on the expense of others

So ... if the price bounces back, what is your issue?

Prices fluctuate, that's the nature of a trade exchange. Smart traders buy low, sell high.

What basic concept of freedom of choice are you failing to grasp here?

No one is forcing you to trade. Trade has RISKS. You are aware of those risks when you invest.

mcxNOW makes it easy, and also allows people to have a piece of the profits for just hanging on for the ride. I don't get why you think this sort of thing is different from any other exchange in the world, crypto or fiat, other than you don't have to pay in over $500 to start a self directed trading account, on mcx.

-Jarl

Queegeh

newbie

Activity: 37

Merit: 0

Quote from: rix5 on September 27, 2013, 10:56:33 AM

this is endless cashmaking on the expense of others

how is that different from any other market? Roll Eyes

Armchair Miner

sr. member

Activity: 296

Merit: 250

Just click on "Your XYZ Orders", and, voila, disruption gone. The 20% claim highly depends on your screen size and orientation Wink

Quote from: QuantPlus on September 27, 2013, 10:41:55 AM

Quote from: TheRealSolid on September 27, 2013, 10:21:33 AM

I haven't seen any pump or dump activity in the freakbin (not that I monitor it 24 hours a day). The freakbin is meant for REGULAR users of the exchange who have views that are typically offensive. It gives them an outlet which doesn't disrupt regular users and is in some ways a reward for being loyal members for so long. It's an attempt to make the exchange more professional. An attempt! I think with the recent payban introductions people have been self moderating fairly well.

If you really want to make mcxNOW more "professional"...
Could you please allow people to disable the Crack Box?

It takes up 20% of the screen space = MAXIMUM DISRUPTIVE...
It's hard to be more disruptive than Hiding Your Orders.

Simply make the buttons there STICKY...
If I click "Your MCX Orders" the Chat Box should be gone forever unless I want it.

rix5

sr. member

Activity: 271

Merit: 250

Quote from: JarlMezentius on September 27, 2013, 10:33:34 AM

As far as your 'Worst Case scenario' where one trader builds a buy wall, and through a few well placed small buys/sells they panic a crowd of people into selling or buying their shares or coins. That's absurd on it's face due to the amount of coin spent, immediately devalues the coin/share they have already invested in.

"immediately devalues the coin/share they have already invested in"

does not apply if prices bounce back reliably which is the case with mcxfee ... this is endless cashmaking on the expense of others

QuantPlus

sr. member

Activity: 280

Merit: 250

Quote from: TheRealSolid on September 27, 2013, 10:21:33 AM

I haven't seen any pump or dump activity in the freakbin (not that I monitor it 24 hours a day). The freakbin is meant for REGULAR users of the exchange who have views that are typically offensive. It gives them an outlet which doesn't disrupt regular users and is in some ways a reward for being loyal members for so long. It's an attempt to make the exchange more professional. An attempt! I think with the recent payban introductions people have been self moderating fairly well.

If you really want to make mcxNOW more "professional"...
Could you please allow people to disable the Crack Box?

It takes up 20% of the screen space = MAXIMUM DISRUPTIVE...
It's hard to be more disruptive than Hiding Your Orders.

Simply make the buttons there STICKY...
If I click "Your MCX Orders" the Chat Box should be gone forever unless I want it.

SpeedDemon13

hero member

Activity: 518

Merit: 500

No different then the stock market or any structure model like that. Just got to know the trends and some times just be lucky also.

JarlMezentius

newbie

Activity: 17

Merit: 0

Quote from: rix5 on September 27, 2013, 10:10:40 AM

you didnt understand that you loose to whales if you listen to trollbox or dont doesnt matter ... we are talking about marketmanipulation in the orderbook not bullshit spread in the chat ...

ok... you complained about this in the trollbox and we explained it to you there... here it is in the forum and you're spreading your closed minded, tin foil hat, conspiracy crap in public.

What you are describing is call 'Market Trading' I don't need to 'manipulate' prices, no one does. People form their own opinion on the value of a coin or a mcxFee Share and work from there.

There is no need to conspire, because most of our opinions are formed from the same publicly available information you have access to, but apparently didn't bother to read.

As far as your 'Worst Case scenario' where one trader builds a buy wall, and through a few well placed small buys/sells they panic a crowd of people into selling or buying their shares or coins. That's absurd on it's face due to the amount of coin spent, immediately devalues the coin/share they have already invested in.

mcx has no 'Stop Loss' trades and you can't buy on 'Credit/Margin' you have what you have, or you don't trade, it's that simple... even in Markets with 'Credit/Margin' trades, the expense of such a devaluing 'scam', as you put it, means the scammer looses out in the end, ending up with less than they started with.

What on earth is your malfunction?

-Jarl

Armchair Miner

sr. member

Activity: 296

Merit: 250

Thanks, OP and the gang, for a good laugh.

TheRealSolid

member

Activity: 94

Merit: 10

Operator of mcxNOW | Programmer of MicroCash

I haven't seen any pump or dump activity in the freakbin (not that I monitor it 24 hours a day). The freakbin is meant for REGULAR users of the exchange who have views that are typically offensive. It gives them an outlet which doesn't disrupt regular users and is in some ways a reward for being loyal members for so long. It's an attempt to make the exchange more professional. An attempt! I think with the recent payban introductions people have been self moderating fairly well.

sumantso

legendary

Activity: 1050

Merit: 1000

Quote from: Krusher33 on September 27, 2013, 09:58:32 AM

Quote from: MarpleTrading on September 27, 2013, 09:19:10 AM

Thank you for warning me for this scam.

This will absolutely not happen on BTC-e and Cryptsy or MtGox.

Also that they have this special chatroom I didn't know, very smart of them because where else could they draft their hideous plans?

Bullshit. The whales does it on all of the exchanges. It's just not as noticeable. That and the fact the whales like doing it at mcxnow because of its lower trading fees.

And no, they don't do it in some special chat. They probably do it via skype or any other messenger.

MarpleTrading

full member

Activity: 191

Merit: 100

Quote from: Krusher33 on September 27, 2013, 09:58:32 AM

Quote from: MarpleTrading on September 27, 2013, 09:19:10 AM

Thank you for warning me for this scam.

This will absolutely not happen on BTC-e and Cryptsy or MtGox.

Also that they have this special chatroom I didn't know, very smart of them because where else could they draft their hideous plans?

Bullshit. The whales does it on all of the exchanges. It's just not as noticeable. That and the fact the whales like doing it at mcxnow because of its lower trading fees.

And no, they don't do it in some special chat. They probably do it via skype or any other messenger.

Sarcasm is hard to get Tongue

rix5

sr. member

Activity: 271

Merit: 250

Quote from: ravagetheearth on September 27, 2013, 09:47:25 AM

Here is a little tip for you: When the troll box tells yous to sell...... don't. When the troll box tells you to buy...... don't. Simple, right? I have been trading on MCXNow for 7 months now and that exchange is ten times better AND safer than any other exchange out there (IMO).

So I guess you have never used Cryptsy then? Ever hear of headless?

Don't spread hate about MCXNow without actually spending time on another exchange. I'm sorry you listened to the troll box... I'm sorry that what goes on there also goes on on every other exchange... I think you should just get out of the game if you can't help but listen to what strangers tell you to do with your money on the internet. You definitely wont make any money that way.

you didnt understand that you loose to whales if you listen to trollbox or dont doesnt matter ... we are talking about marketmanipulation in the orderbook not bullshit spread in the chat ...

Krusher33

newbie

Activity: 37

Merit: 0

Quote from: MarpleTrading on September 27, 2013, 09:19:10 AM

Thank you for warning me for this scam.

This will absolutely not happen on BTC-e and Cryptsy or MtGox.

Also that they have this special chatroom I didn't know, very smart of them because where else could they draft their hideous plans?

Bullshit. The whales does it on all of the exchanges. It's just not as noticeable. That and the fact the whales like doing it at mcxnow because of its lower trading fees.

And no, they don't do it in some special chat. They probably do it via skype or any other messenger.

dbasql

full member

Activity: 219

Merit: 100

Ethics and Science need to shake hands

16 hours a day may drive anyone nuts.

ravagetheearth

newbie

Activity: 27

Merit: 0

Here is a little tip for you: When the troll box tells yous to sell...... don't. When the troll box tells you to buy...... don't. Simple, right? I have been trading on MCXNow for 7 months now and that exchange is ten times better AND safer than any other exchange out there (IMO).

So I guess you have never used Cryptsy then? Ever hear of headless?

Don't spread hate about MCXNow without actually spending time on another exchange. I'm sorry you listened to the troll box... I'm sorry that what goes on there also goes on on every other exchange... I think you should just get out of the game if you can't help but listen to what strangers tell you to do with your money on the internet. You definitely wont make any money that way.

rix5

sr. member

Activity: 271

Merit: 250

Quote from: Disastrus on September 27, 2013, 09:36:11 AM

have faith in C++ Jesus, he will will lead us to richness, away from regulations and liability.

he' probably Mr. IRS/FBI/NSA himself ... i too was fooled at first by Robin-Hood-occult-conspiracy c++ jesus

Disastrus

full member

Activity: 145

Merit: 100

have faith in C++ Jesus, he will lead us to richness, away from regulations and liability.

spndr7

legendary

Activity: 1020

Merit: 1000

People will misuse power and options available to them to the fullest extent until a limit is enforced.

Topic: Price manipulation and market frontrunning at mcxnow.com - page 4. (Read 5474 times)