Bitcoin Forum

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 ...

Just like any other market.

Is this your first time trading?

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?

@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?

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.

People will misuse power and options available to them to the fullest extent until a limit is enforced.

have faith in C++ Jesus, he will lead us to richness, away from regulations and liability.

he' probably Mr. IRS/FBI/NSA himself ... i too was fooled at first by Robin-Hood-occult-conspiracy c++ jesus

Here is a little tip for you: When the troll box tells yous to sell...... don't. When the troll box tells you to buy...... don't. Simple, right? I have been trading on MCXNow for 7 months now and that exchange is ten times better AND safer than any other exchange out there (IMO).

So I guess you have never used Cryptsy then? Ever hear of headless?

Don't spread hate about MCXNow without actually spending time on another exchange. I'm sorry you listened to the troll box... I'm sorry that what goes on there also goes on on every other exchange... I think you should just get out of the game if you can't help but listen to what strangers tell you to do with your money on the internet. You definitely wont make any money that way.

16 hours a day may drive anyone nuts.

Bullshit.  The whales does it on all of the exchanges.  It's just not as noticeable.  That and the fact the whales like doing it at mcxnow because of its lower trading fees.

And no, they don't do it in some special chat.  They probably do it via skype or any other messenger.

you didnt understand that you loose to whales if you listen to trollbox or dont doesnt matter ... we are talking about marketmanipulation in the orderbook not bullshit spread in the chat ...

Sarcasm is hard to get :P

 ::)

I haven't seen any pump or dump activity in the freakbin (not that I monitor it 24 hours a day). The freakbin is meant for REGULAR users of the exchange who have views that are typically offensive. It gives them an outlet which doesn't disrupt regular users and is in some ways a reward for being loyal members for so long. It's an attempt to make the exchange more professional. An attempt! I think with the recent payban introductions people have been self moderating fairly well.

Thanks, OP and the gang, for a good laugh.

ok... you complained about this in the trollbox and we explained it to you there... here it is in the forum and you're spreading your closed minded, tin foil hat, conspiracy crap in public.

What you are describing is call 'Market Trading' I don't need to 'manipulate' prices, no one does. People form their own opinion on the value of a coin or a mcxFee Share and work from there.

There is no need to conspire, because most of our opinions are formed from the same publicly available information you have access to, but apparently didn't bother to read.

As far as your 'Worst Case scenario' where one trader builds a buy wall, and through a few well placed small buys/sells they panic a crowd of people into selling or buying their shares or coins. That's absurd on it's face due to the amount of coin spent, immediately devalues the coin/share they have already invested in.

mcx has no 'Stop Loss' trades and you can't buy on 'Credit/Margin' you have what you have, or you don't trade, it's that simple... even in Markets with 'Credit/Margin' trades, the expense of such a devaluing 'scam', as you put it, means the scammer looses out in the end, ending up with less than they started with.

What on earth is your malfunction?

-Jarl

No different then the stock market or any structure model like that. Just got to know the trends and some times just be lucky also.

If you really want to make mcxNOW more "professional"...
Could you please allow people to disable the Crack Box?

It takes up 20% of the screen space = MAXIMUM DISRUPTIVE...
It's hard to be more disruptive than Hiding Your Orders.

Simply make the buttons there STICKY...
If I click "Your MCX Orders" the Chat Box should be gone forever unless I want it.

"immediately devalues the coin/share they have already invested in"

does not apply if prices bounce back reliably which is the case with mcxfee ... this is endless cashmaking on the expense of others

Just click on "Your XYZ Orders", and, voila, disruption gone. The 20% claim highly depends on your screen size and orientation ;)

how is that different from any other market?  ::)

So ... if the price bounces back, what is your issue?

Prices fluctuate, that's the nature of a trade exchange. Smart traders buy low, sell high.

What basic concept of freedom of choice are you failing to grasp here?

No one is forcing you to trade. Trade has RISKS. You are aware of those risks when you invest.

mcxNOW makes it easy, and also allows people to have a piece of the profits for just hanging on for the ride. I don't get why you think this sort of thing is different from any other exchange in the world, crypto or fiat, other than you don't have to pay in over $500 to start a self directed trading account, on mcx.


-Jarl

you profit from it JarlMezentius, i know ...

Sounds fine to me, at least an "only system messages" option that only shows lottery drawings and bans (for fee calculation purposes)

Somebody seems to have lost a lot of BTCs. Interesting to find one of the losers, all I found were people gloating how much they made and I kept wondering where all those who are losing them.

i also made a gain ... this is still manipulation and fraud and gains will be made in the future only by fewer and fewer people - those who are rich already and can afford staggering fake-orders ... all the 'normal' people with moderate stacks are just toyed with ... i think this is a problem for cryptos in general since this means: not much is gonna change through cryptos ... revolution over - back to gold and silver ... cryptos have been centralized already ...

https://i.imgur.com/NaGJKBu.jpg

-Jarl

So what if I do?

That just makes me smarter than you. I was able to read the flow a little better than others. I didn't try to manipulate others, like you are doing. I used what's commonly referred to as my BRAIN.

-Jarl

Yes and like I said this happens on every single exchange so I have no clue why you are singling out MCXNow. You just seem very inexperienced in the crypto world if you are really *SHOCKED* by this.

it is just not right ... on mcxnow it is because of the interface just very obvious ... something should be done about the bot-shit or cryptos may fail to become mainstream ...

Where? Where is the Fraud? No where, that's where. You've used THAT word too many times NOT to be called on it. The only FRAUD is your constant complaining about a 'problem' that doesn't exist. The only MANIPULATION are your personal attacks on individual users and constant harang of 'warnings' on the forums and in the troll box.

You just admitted to having Gained from your FRAUDS and LIES. Discussion over.

-Jarl

playing tricks on people to rip their money off is just fraud nothing else ... illusion fake-orders to control prices is just that ...

my gains where made honestly not by tricking someone into a bad trade ... one or few person gain here and a lot of people loose ... the average Joe is going to be ripped apart ...

You can't trick someone into a bad trade, no one is forcing you to hit buy or sell. If you make an error of judgment when reviewing the information at your disposal then it's on your own fault.

I can say with some certainty that this is how even regulated markets behave, I have worked on a number of trading floors. Its not illegal for an individual to place a large buy or sell order and remove them because they have changed their mind. 

Like you are doing with your fear-mongering posts and personal attacks?

Are you stating a fact or a statement of criminal intent on your part?

If it's a fact, cite your proof?

Tell me, who lost in your so called 'Honest Trades'? Who sold you a coin/share with/without thinking they were getting something of value in return?

Yes, people loose all the time. Some - Like ME for example - are retirees living on a fixed income. Some are college or high school kids with a supply of bitcoin or dollars in their wallets or trust funds. Some are business men/women who just want to invest a little.

The fact still remains, in order for YOU to gain ANYTHING, someone else had to lose it.

I am not going to be apologetic, for NOT losing, for being able to 'GUESS' what's happening with a coin or share, and i resent the implication that somehow I'm doing something bad, for the same behavior as EVERYONE ELSE on the best exchange on the net.

-Jarl

they call it freakbin for a reason.

this is total anarchy ... why not everybody make a btc-service and run off with the money? It would be alright according to JarlMezentius ... there is no honesty in this ... not one bit ... total anarchy with NO morals ... and the fraudsters are bold enough to portrait themselves as the intelligent, good people and tell everybody to have the same kind of mindset ... i am sick of dishonest people with no morals like that ... the greed of some heavy-metal-hippies is destroying cryptos and make them unattractive to the world ... people like that work for the cause of the centralbanks and ursurpators ... this is antisocial poorness ... i have to quit cryptos if there is not a single honest and transparent exchange coming up which actually takes care of preventing trickery like that ... mcxnow has failed in recognizing this problem probably because they benefit from it themselves ...

an exchange not letting in 'big money' is going to be the next big success ... not mcxnow - they just pretending ...

no depth-chart in cryptoland is of any use now ... you always have to ask yourself 'is it the occult kabale again pretending to buy or sell or is it real?' ... this is just impossible to work on ...

Realsolid scamming?

Say it ain't so LOL.........

~BCX~

1) You never answered the question of where your 'Proof' was regarding the 'Fraud' word, but yet you use it again.
2) The activity you condemn, is identical to the activity you yourself engage in, yet you fail to see that as ironic.
3) The proposal you make, is to actively discriminate against others based solely on their success or failure in the market place, yet you believe THEY, the ones you discriminate against, are ones being tyrannical.
4) You proport that freedom of choice is 'anarchy' as well as that we should should NOT be forced or required to have the mental facilities to make our own decisions, but that a decisive, authoritarian, oligarchy of mysticism, is preferable to open information regarding our futures.

Is there a technical term for this particular mental disorder you suffer from, or should I just refer to it in the vernacular 'Liberal Socialism', or the more common term 'Nazi-ism'? Perhaps you simply prefer the less inflammatory term 'Brain Damaged'.

In any event, there is no doubt as to where your issues with realsolid and myself stem from, a deep seated jealousy for some perceived difference in intelligence and ability to think clearly, especially during your epileptic style rants, but I truly see this as Your personal problem to deal with, not mine.

I wish you luck in your future endeavors.

-Jarl

Welcome back Coinhunter!

I knew that inner asshole would reappear at some point!

This is the real CH/RS we all know and love LOL


~BCX~


FYI: I noticed some unique common misspellings across your sockies.

 8)

You are suggesting that JarlMezentius is CoinHunter/RealSolid? And you can tell . . . because of the pixels. . . and having seen quite a few spelling mistakes in your time . . .

Seek psychiatric assessment at once.  :o

It's not too far fetched. A person's writing style is akin to a digital fingerprint.

BCX is one of the few bastions of sanity on this forum.

Rebuttal from a 6 post newbie defending RS/CH and using the two year plus acronym for him....

#BTCtalkSockieFAIL

You're slipping CH, Looking more like we're going to see one of your meltdowns soon.

Those are always entertaining.




~BCX~

Actually, it's an Identification fail... I'm no one's sock puppet... I only WISH I had realsolid's stake in mcx ... I have ONE account here, and this is it. I also have only 1 account on mcx, coinbase, bitstamp, etc.

I do however have 2 Facebook accounts. This nick, and my real name, for family and actual friends.

As far as writing style goes, I don't know how to explain any similarities other than we're probably both using English and are possibly similarly educated. I hold a PhD in Physics and several supporting degree's in related subjects, including economics and systems analysis.

I'm a retired Veteran with 8 years service in the United States Navy and the United States Marine Corps.

I don't use tor or other IP hiding techniques, so anyone with access to my IP logs here should be able to easily verify for you that I'm in the US and, as I understand it, realsolid is on the opposite side of the world.

-Jarl

Trying a bit too hard there, mate...

Ahh yeah . . . so now all three of us are RS - you've got no evidence whatsoever, you clearly have some personal issue with the guy, and he's the one who's gonna have a meltdown.

I think he's probably a bit busy running an exchange to indulge in the kind of nonsense you're suggesting

I'm not joking - you might need to see a shrink.

RS just loves a sock puppet. Brings back fond memories of the Solidcoin days.

you cannot stop price manipulation, it will fade little by little on its own when the crypto's price and volume increases.

one thing you can do is be smart, and do your homework.

i'm not a pro in trading, it's just common sense.

I am the dude, that's what you call me...... either that or the duder or el duderino, if you aren't into the whole brevity thing.

http://www.trbimg.com/img-5111418a/turbine/nm-ht06lebowski-film-20130207-001/600

Delete

Actually, not trying at all. I am who i am... RealSolid is, who he is.

Come to Florida and see for your self if you're not satisfied.

Tiny little town called Crystal River, Florida. It's about 1 hour north of Tampa, on US RT 19. Although I don't think I have that shirt in my picture any longer, the beach is still there and the food vendor there accepts Bitcoin.

-Jarl

EDIT: ~BCX~ yes. Four years in the Navy, Four in the Corps. 8 in between where I was an undergrad at Princeton. Several years after working with DARPA and the DOD, and I am now retired for the second time, having run my own businesses for the last few years. (I also still consult businesses starting up with BitCoin Ventures.)

Oh... and I don't know shit about C++ I'm an old timer from the Z80 CPU, Fortran, Cobol, Basic generation.

LMAO @ you retards . . . why don't you look at my post history and ask yourself why RealSolid was trying to work out how the PPLNS system on a Feathercoin pool worked 6 months ago.

this thread needs more drama :)

Delete

lol c++ schizo monologuing with his alter ego... ::)

You really are quite fixated on Realsolid aren't you . . . It seems a bit  . . .  unhealthy.

I note that after claiming everyone you see is RealSolid, you didn't look at my post history, but merely re-iterated your recollection of some ancient history.

#BTCtalkAmatuerSleuthFail

No! I'M RealSolid!

Actually you're not but are the former FlipPro ass kissing RS minion.


~BCX~

But I am yeah . . .

There's a very high probability of you being RS especially since you have displayed his posting style in several ways, right down to the ...


~BCX~

They should make you an honorary Keystone Cop with detective skills like that  :D

Maybe instead of forensically analyzing spelling mistakes and punctuation while you're cutting letters out of old newspapers and pasting them on to your RS fanmail,  you should look at my post history and immediately confirm I'm not him.

You really gave your cred a boost here today  :D

Actually your post history of 11 post very much supports you're CH.

~BCX~

^^vry srs bizness

You got me. That was me wondering why I only got half a dozen feathercoins out of tailfeather.cc back in May. I took some time out of creating mcxnow.com to . . . mine ftc on a dodgy FTC pool.

Actually the FTC post was just a ruse so that I'd have lots of sockpuppet accounts to troll you with.

Nice to see you again bitcoin express . . . or whatever your name is  ;)

Whoosh

What about me?
I could be RS too, but you're never picked on me yet... :(
I'm sad right now

Right, because that's the only place on teh interwebs hideous plans can be made. Al-CIAda hatches most of their plans in the "Freak Bin" (I hear).

That's actually the method used int he past.


~BCX~

mcxNOW Daily Data:

-mcxFEE : https://docs.google.com/spreadsheet/ccc?key=0AioqMMSVIC5tdFplWndsdmZuaGxyN01xemxtNWYxVGc#gid=0
-Interest : https://docs.google.com/spreadsheet/ccc?key=0AioqMMSVIC5tdFplWndsdmZuaGxyN01xemxtNWYxVGc#gid=1

Their core problem is the very tight 0.2% fee that is traditional in the Alt Space...
Even something as bizarre as the Chat PayBan brought in about 10 BTC on a couple of days...
More than all trading fees combined.

That'll explain it. I was already wondering.

Hi

It's actually not a scam and it happens on all of the exchanges. It is a trading trick called the hammer.

NWO is clearly a RS sockpuppet, he uses the same symbol as an avatar as the freak bin on mcxNOW

It should be: Hi...

Is that a core problem? If mcxnow can expand the way it generates fees from more than trading it will be more successful than other pure exchanges. From the looks of this new site they already have the trading angle covered pretty well. Makes sense to me that they expand into other realms to increase the fees generated. Over time both the trading fees and non trading fees should increase and compliment each other.

What?

Will the real RealSolid please stand up?

We need to start a campaign where hundreds of us claim to be the "Real RealSolid". Lol.

These kinds of threads are comedy gold baby.

Oh fun!  Do me next!

Agree.

The current 0.2% fee will never support mcxNOW valuation currently $11,000,000...
Based on 1,500 BTC average volume = 3 BTC/day or $150,000 annual revenues = 73 x Gross Revenues.

It might be "smarter" to disappear with 7,000 BTC in deposits...
($1,000,000 is a life's work for most people)...
Then slave over a very complicated, break-even business for 18 hours/day.

As someone doing about 20 trades/day...
The "Pro Trading" option doesn't give you much...
(Though if they allowed me to shut off the Chat Box I'd pay for "Pro Trading")...
And, frankly, the PayBan is gimmicky and unprofessional (if you are an adult).

Since mcxFEE shares trading is probably 60-70% of trading volume...
(And this is very unusual and circular for an exchange)...
The share trading fees there should creep up to 0.25% or 0.30% "for the Common Good".

When you are doing the math, at least do them right.

it is 0.2 both ways.

lol'd at "c++ jesus".

some men just want to watch the world earn.

Nice thread :) OP doesnt understand trading... It is all about price manipulation. I dont see any scam in it. No one is forcing anybody to click buy/sell button...  ;D

Will someone PLEASE accuse me of being RealSolid!?!  C'mon!  Keep this train a rollin!  Wait wait wait.  Watch.    ...   <--- Ahhh there it is!  The proof!  I am THEREALSOLID!  And imma stealin your BTC bitches!  lol

If that were in fact a Realsolid quote, it would be accurate LOL


~BCX~