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Title: I show you how manipulation is made at Mt.GOX Post by: GreenDude on February 17, 2014, 07:00:22 PM http://sia1.subirimagenes.net/img/2014/02/17/140217075904645221.png
After gox confirmed BTC withdrawals are gonna be working next days and they have improved many aspect of their platform here u can see how manipulators push prices down to buy cheap before withdrawals start working. Suddenly some of them will buy ONLY (because is not really much) a Million or a few M. dollars.. and prices will rise fast and furious :D Don't say i didn't warn if u get 300-400-500 dolars per bitcoin when they are worth now about 650$ and in a few weeks over $800 Edit: Just in case u are new and can't see what is happening there.. Microsells are being made in order to make it look that people keep selling and show everything red.. at the same time sell orders constantly appear, as u can see those sell orders are the 90% same amounts.. In simple words they creat artificially a down/panic/sell enviroment to check if noobs sell to them their BTC before gox open withdrawals and prices go back to 700+ levels.. This plus the fact that traders and another guys know this so they "participate" in this artificial enviroment selling/contributing to this with the hope they also will be able to buy at lower prices. If this helps to understand u can donate here 1PrXzRhGY6gcLypp9kmMGPWNkyPGrwsZiD :D Title: Re: I show you how manipulation is made Post by: kolev on February 17, 2014, 07:35:13 PM http://sia1.subirimagenes.net/img/2014/02/17/140217075904645221.png This is how bots work. This isn't anything new to Mt.Gox. Old trading bots have been doing this for as far back as I can remember.After gox confirmed BTC withdrawals are gonna be working next days and they have improved many aspect of their platform here u can see how manipulators push prices down to buy cheap before withdrawals start working. Suddenly some of them will buy ONLY (because is not really much) a Million or a few M. dollars.. and prices will rise fast and furious :D Don't say i didn't warn if u get 300-400-500 dolars per bitcoin when they are worth now about 650$ and in a few weeks over $800 Edit: Just in case u are new and can't see what is happening there.. Microsells are being made in order to make it look that people keep selling and show everything red.. at the same time sell orders constantly appear, as u can see those sell orders are the 90% same amounts.. In simple words they creat artificially a down/panic/sell enviroment to check if noobs sell to them their BTC before gox open withdrawals and prices go back to 700+ levels.. This plus the fact that traders and another guys know this so they "participate" in this artificial enviroment selling/contributing to this with the hope they also will be able to buy at lower prices. If this helps to understand u can donate here 1PrXzRhGY6gcLypp9kmMGPWNkyPGrwsZiD :D Title: Re: I show you how manipulation is made Post by: GreenDude on February 17, 2014, 07:41:06 PM Yep.. You know all this.. but many people no.. and they are in really big problems.. i've read about one of them getting divorced.. because they make panic sells and lose money.. important money. So.. just wanted to help sharing this.
Title: Re: I show you how manipulation is made at Mt.GOX Post by: Operatr on February 18, 2014, 12:55:29 AM This is completely standard bots at work, which happens on every exchange. Nothing to see here
Title: Re: I show you how manipulation is made at Mt.GOX Post by: TrailingComet on February 18, 2014, 05:02:34 AM Looks fairly standard to me
Title: Re: I show you how manipulation is made at Mt.GOX Post by: Smeers on February 18, 2014, 06:33:45 AM Well, thanks, for me this is new. Now I know why the prices have gone down :)
But they will also raise again, right? :) Title: Re: I show you how manipulation is made at Mt.GOX Post by: theonewhowaskazu on February 18, 2014, 06:47:13 AM Well, this is an educational post, but it should be pointed out that this happens to at least some degree on every major exchange, not just gox. But, its the same principal.
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