Topic: Price manipulation and market frontrunning at mcxnow.com - page 5. (Read 5474 times)

No, I say that if you can't play the game don't fucking play. Or find a place where they play by the rules (good luck on that).

I don't usually play, I am a small fish and too nervous by nature.

EDIT: I guess the OP lost some money. As I had mentioned in other thread, the feeshares market is now a game to make more BTCs; not to enjoy the diivdends. So somebody had to lose out. I heard everybody gloating how much BTC they won, so I wondered where are the people who lost.

@sumatso:

you say to be criminal is alright and we have to tollerate millionaires team up to rip us off for our hard earned money? Really?

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?

Just like any other market.

Is this your first time trading?

I have been there and watched it closely for a while 16h per day. I have owned also some of these phony shares myself.

What is going on:
A User named 'arse' together with others is placing huge sellorders (500+ shares to around 1btc) but removes them when you come close. These big orders 'just out of reach' depress prices of mcxfee-shares and that's what is intended. When price stagnates he/they is/are selling probably down about 10% the price INTO HIS/THEIR OWN BUY-ORDERS (!) to cause panic and buy up for cheap money what is dumped after him/them. Then price rebounces in no time to where it was ... this process is repeated over and over again. Mcxfee is now concentrating in less and less hands of whales who manipulate the market. Coins are traded there also that way up and down with fake orders.
There is more: there is the so called 'freakbin' - a hidden chat for invites-only. Questions how to get in there are not answered or you are given bs about it. It is very possible, that market-frontrunning-conspiracy done by a circle of fat cats is happening there and talks about the said manipulation. Mcxnow is a rip-off. The only to profit there are the conspirators in the freakbin. Keep out! 

I think after being there and watching the action that this is a scam of magnitude. What are your thoughts on it?

I bet there is more to come out ... possible even is far worse things happening there ...