To be perfectly honest, it's funny to watch the Speculation board after I run transactions on Mt. Gox. Everyone thinks they know what happened and come up with these crazy ideas as to who is manipulating the market. I guess that's why it's here.
The truth is, it's nothing more than trading. We all try to get the best price for our USD/BTC trades. Why it's called manipulation when I trade thousands at a time vs hundreds I don't know. Maybe it's the fact that the market really isn't that big and feels like it's being "controlled" by these large transactions. Should I not trade anymore? If you played with the same volume I do, you'd see that building a "wall" to add support allows you to pick up or sell more coins at a better price. It's really that simple.
So tell me, is it REALLY manipulation?
The truth is, it's nothing more than trading. We all try to get the best price for our USD/BTC trades. Why it's called manipulation when I trade thousands at a time vs hundreds I don't know. Maybe it's the fact that the market really isn't that big and feels like it's being "controlled" by these large transactions. Should I not trade anymore? If you played with the same volume I do, you'd see that building a "wall" to add support allows you to pick up or sell more coins at a better price. It's really that simple.
So tell me, is it REALLY manipulation?
One strategy is where a trader buys some shares then put a limit buy order for a lot more shares a little above the market price. Let the algo wars begin.
