Bitcoin Forum

Economy => Service Discussion => Topic started by: revans on April 12, 2013, 02:48:25 PM



Title: MtGox has frozen trading again because their price manipulation is not working
Post by: revans on April 12, 2013, 02:48:25 PM
These guys are crooks, plain and simple. If they can't manipulate the price action they want they just pull the plug and make up some bullshit about DDOS, too much demand, IT guy has the flu, etc.


Title: Re: MtGox has frozen trading again because their price manipulation is not working
Post by: gizmoh on April 12, 2013, 02:56:14 PM
YEP i have been in awe seeing the move over the charts watching the extraordinary pumping process:
3 consecutive 2k buy orders  encapsulating all sell orders, at any price.
Who in their right mind would trade like that in such situation !!


Title: Re: MtGox has frozen trading again because their price manipulation is not working
Post by: TimJBenham on April 12, 2013, 03:00:39 PM
OP seems a little paranoid but it is odd that prices are so much higher on MG than Bitstamp at the moment.


Title: Re: MtGox has frozen trading again because their price manipulation is not working
Post by: Atruk on April 12, 2013, 03:56:08 PM
YEP i have been in awe seeing the move over the charts watching the extraordinary pumping process:
3 consecutive 2k buy orders  encapsulating all sell orders, at any price.
Who in their right mind would trade like that in such situation !!

Sounds like time to dump some coins on Gox and complain to regulators when you can't get dollars out.


Title: Re: MtGox has frozen trading again because their price manipulation is not working
Post by: TimJBenham on April 12, 2013, 03:58:14 PM
Sounds like time to dump some coins on Gox and complain to regulators when you can't get dollars out.

Unfort. btc deposits haven't been working for hours. If they're trying to support the price they are going about it the right way.


Title: Re: MtGox has frozen trading again because their price manipulation is not working
Post by: Luno on April 12, 2013, 04:32:55 PM
Actually trying to make a floor is responsible of them. If it works is another matter.


Title: Re: MtGox has frozen trading again because their price manipulation is not working
Post by: Atruk on April 12, 2013, 10:30:19 PM
Actually trying to make a floor is responsible of them. If it works is another matter.

There's probably people who can be trusted to establish a floor. Gox doesn't seem to be run by those people.