Bitcoin Forum

Economy => Speculation => Topic started by: Ares on May 01, 2013, 04:11:15 AM



Title: Redditor makes thread taking credit for the "dump" (made before the dump)
Post by: Ares on May 01, 2013, 04:11:15 AM
If you scroll down, you can see his unedited post:

Quote
   Ready? Give me just a few minutes.

    Edit

    Now who wants to know how I did that? It wasn't by selling it coins. It was by BUYING. It was because the people at gox are insider trading scumbags who are watching my account in an attempt to put me out of business.

    The price drops earlier happened for the same reason.

    I have this and several other instances of this captured and video recorded.

http://www.reddit.com/r/Bitcoin/comments/1dgklt/watch_im_going_to_make_the_price_tank/


Title: Re: Redditor makes thread taking credit for the "dump" (made before the dump)
Post by: Wuji on May 01, 2013, 04:15:11 AM
All I can read is Redditor takes a dump and videos it.  ;D ;D ;D


Title: Re: Redditor makes thread taking credit for the "dump" (made before the dump)
Post by: Ares on May 01, 2013, 04:16:38 AM
All I can read is Redditor takes a dump and videos it.  ;D ;D ;D

you read correctly. that's what the speculation forum is about, isn't it?


Title: Re: Redditor makes thread taking credit for the "dump" (made before the dump)
Post by: Wuji on May 01, 2013, 04:17:29 AM
Yep very true.  Tomorrow I shall eat lots of cheese and speculate some massive dumps.

On a serious note he deleted the post before I could reply.  He probably realized the huge sell off was Silk Road coming online and he was about to be witch hunted as the DDOS'er.


Title: Re: Redditor makes thread taking credit for the "dump" (made before the dump)
Post by: johnblaze on May 01, 2013, 04:33:10 AM
mtgox could very easily be engaged in inside trading. they control the order book.

why did this guy delete all his posts? is there a way to see them?

i'm VERY curious about what is going on here..


Title: Re: Redditor makes thread taking credit for the "dump" (made before the dump)
Post by: paulie_w on May 01, 2013, 05:03:51 AM
bump to keep alive


Title: Re: Redditor makes thread taking credit for the "dump" (made before the dump)
Post by: notme on May 01, 2013, 05:31:57 AM
I wouldn't really call that the price tanking.


Title: Re: Redditor makes thread taking credit for the "dump" (made before the dump)
Post by: meangreen on May 01, 2013, 08:09:13 PM
I called it yesterday. Such an easy call you amateurs


Title: Re: Redditor makes thread taking credit for the "dump" (made before the dump)
Post by: fitty on May 01, 2013, 08:17:32 PM
mtgox could very easily be engaged in inside trading. they control the order book.

why did this guy delete all his posts? is there a way to see them?

i'm VERY curious about what is going on here..

That's the only reason you can really explain the lag. Before every big market order they insert their own trades and then sell into the market order. The more trades that get lagged in the queue the more they can buy/sell from the front and buy/sell into the end of the market order.

And it's not even illegal. They're not a real exchange. There are no laws saying they have to run an honest exchange (since it's not really an exchange). They could have their own "bot" that never loses on a trade (of course no fees). They can wait for 5-10-15 trades to queue then insert their own trades. They'd never lose and you can't really prove it. We just assume they're honest and nice guys and aren't tempted by making millions. Yeah.  ;)


Title: Re: Redditor makes thread taking credit for the "dump" (made before the dump)
Post by: johnblaze on May 01, 2013, 08:23:24 PM
yeah i was thinking about that exact possibility...


Title: Re: Redditor makes thread taking credit for the "dump" (made before the dump)
Post by: arepo on May 01, 2013, 09:10:19 PM
I called it yesterday. Such an easy call you amateurs

yeah we were very ripe for a short/mid-term bear. good call :)


Title: Re: Redditor makes thread taking credit for the "dump" (made before the dump)
Post by: meangreen on May 01, 2013, 09:14:51 PM
thanks arepo. your a good dude.


Title: Re: Redditor makes thread taking credit for the "dump" (made before the dump)
Post by: masachino on May 02, 2013, 12:36:31 AM
Anyone see the other deleted posts?