Was another thread necessary?
How is it unfair? Were you forced to buy or sell your Bitcoins?
Would you like it if MtGox released personal information about you?
Instead of working up a hissy fit over it, how about you out trade "The Manipulator" and beat him at his own game?
Topic: Someone is trying to manipulate the market (Mt.Gox) and are successful... - page 3. (Read 3960 times)
September 21, 2011, 07:57:03 PM
September 21, 2011, 07:54:43 PM
Right now, that wall really is a giant 17000btc middle finger to the entire community. It even looks like it on the market depth chart on MtGox. A massive 'you shall not pass' wall of stop. MtGox really should ban this type of blatant crap (unless of course they don't want to because they are involved.) The person may very well be benevolent, attempting to attain as much $5-6 range BTC as possible while also letting everyone else, but people don't want to trade in such an easily manipulated market. It isn't good for BTC as a whole.
Anyone that argues that 'no manipulator exists' is being silly. This is a person with enough money to alter the market it doesn't matter what you call them. They put these walls up and down instantly. And anyone with that amount of money isn't stupid enough to think that they can actually sell 17000btc as a wall.
Anyone that argues that 'no manipulator exists' is being silly. This is a person with enough money to alter the market it doesn't matter what you call them. They put these walls up and down instantly. And anyone with that amount of money isn't stupid enough to think that they can actually sell 17000btc as a wall.
September 21, 2011, 07:33:28 PM
I've noticed it also but didn't/don't know how significant this is/was. Perhaps others on this board may shed some light on the subject.
September 21, 2011, 07:27:22 PM
Maybe this is mtgox itself ?? or satoshi ? or mark karpeles ? or tycho deepbit owner ? or artforz ? or maybe they are all the same person ?
September 21, 2011, 07:24:48 PM
...at doing so. People are losing big because of this.
There is someone/group that are playing a unfair game at manipulating the Mt.Gox exchange. They/him have at least 30 000 bitcoins worth of fiat/BTC that they move around in by putting up big walls, removing them. Try to make people panic selling and panic buying. Because bitcoin isn't regulated in any way this is the wild west of trading, no one seems to care, because we know that Mt.Gox knows exactly who this person/group is. The evidence is easy to collect, when like 10 000 -15 000 bitcoin walls are removed in a second (many many times over), it is overwhelming evidence that someone is playing a unfair game (if you are not prepared).
In this condition, I recommend people that can't trade to stay out of trading. Just buy and hold, or put buy orders at low levels and let him/the group manipulate without us participating.
Also, we should ask Mt.Gox who this is. Because this has been going on for a very long time, more than a month? There are some people on this board that have tried to follow all the tactics of this person/group. Any information is good.
There is someone/group that are playing a unfair game at manipulating the Mt.Gox exchange. They/him have at least 30 000 bitcoins worth of fiat/BTC that they move around in by putting up big walls, removing them. Try to make people panic selling and panic buying. Because bitcoin isn't regulated in any way this is the wild west of trading, no one seems to care, because we know that Mt.Gox knows exactly who this person/group is. The evidence is easy to collect, when like 10 000 -15 000 bitcoin walls are removed in a second (many many times over), it is overwhelming evidence that someone is playing a unfair game (if you are not prepared).
In this condition, I recommend people that can't trade to stay out of trading. Just buy and hold, or put buy orders at low levels and let him/the group manipulate without us participating.
Also, we should ask Mt.Gox who this is. Because this has been going on for a very long time, more than a month? There are some people on this board that have tried to follow all the tactics of this person/group. Any information is good.
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