If you want to trade this market you should know that 1. Mt.Gox is allowing this kind of act, because anyone can see it happening. Because of this no one cares, in the long run I don't think this is good. But this is the rule of the game today. 2. If you don't understand or have not that much experience trading than I would say that Bitcoins exchanged/traded at Mt.Gox right now is a massive hustle for the majority of people out there. 3. I know the game, and I also know that Mt.Gox rates is manipulated, knowing this all trades that I make are at my own risk.
Exactly, so what's the problem?
I mean, if you are just trying to inform people to save them from "The Manipulator", awesome. But don't you think that's been done already in the other threads?
If so many people think this way, why does MtGox have more volume than all the other exchanges combined? You would think people would leave in flocks to avoid being sheared.
Talking about volume, forgot about that. I have just started to trade this market. My conclusion is that most volume is from the bots (beside the volume from the manipulator). Because Mt.Gox is taking at least 0,25 % in fees per trade on each side, that means that the only one that can have active bots is Mt.Gox them self. So the big picture. Most volume are from Mt.Gox, the real volume should be at a much lower level. Money is going back and forward by two groups: Mt.Gox own bots and "the manipulator". Together maybe they have 80-90 % of the volume.
If this is really the case that the big majority of the volume is from this two parts, then Bitcoin shouldn't be trading at 5.70 dollars. More like 2-3 dollars.
If MtGox is trading on its own exchange this is insider trading and should be stopped.
we should clarify this with the owner Mark kapeles.
