Bitcoin Forum

Economy => Speculation => Topic started by: mooseman99 on January 15, 2012, 10:31:04 PM



Title: What if...
Post by: mooseman99 on January 15, 2012, 10:31:04 PM
What if the market is not actually being controlled by people who profit on pump and dump, but people who profit on commission on transactions? 
Think of how much money Mt. Gox has made so far. 
Is it unreasonable to say that they could be causing the spikes in the market because they make commission on the high volume of trades done when there is volatility in the market?


Title: Re: What if...
Post by: arepo on January 15, 2012, 10:40:58 PM
What if the market is not actually being controlled by people who profit on pump and dump, but people who profit on commission on transactions? 
Think of how much money Mt. Gox has made so far. 
Is it unreasonable to say that they could be causing the spikes in the market because they make commission on the high volume of trades done when there is volatility in the market?


+1 im trusting mtgox less and less these days


Title: Re: What if...
Post by: jojo69 on January 15, 2012, 11:58:00 PM
who cares?

lol


Title: Re: What if...
Post by: bb113 on January 15, 2012, 11:59:56 PM
What is holding up the decentralized exchanges?


Title: Re: What if...
Post by: jojo69 on January 16, 2012, 12:01:33 AM
What is holding up the decentralized exchanges?

ok, good point, I was being flip because I like volatility

we do need to break the goxopoly


Title: Re: What if...
Post by: GeniuSxBoY on January 16, 2012, 12:05:58 AM
I wouldn't worry about gox right now. They have huge incentive let the market make them lots of honest money without the need to be corrupt.


Title: Re: What if...
Post by: notme on January 16, 2012, 12:07:42 AM
What is holding up the decentralized exchanges?

Arbitrage.

But, that's assuming the premise that it is being manipulated, which I don't buy.


Title: Re: What if...
Post by: arepo on January 16, 2012, 12:08:49 AM
I wouldn't worry about gox right now. They have huge incentive let the market make them lots of honest money without the need to be corrupt.

shame on us, though, should we ever give them the opportunity.

break the goxopoly


Title: Re: What if...
Post by: gewure on January 16, 2012, 06:14:48 AM
What is holding up the decentralized exchanges?

ok, good point, I was being flip because I like volatility

we do need to break the goxopoly

-> intersango charges 0% fees, offers various currencies, is run by some trustworthy people and works quite good. only thing needed badly are more people to use it in order to lower the spreads. bash the goxopoly!


Title: Re: What if...
Post by: bb113 on January 16, 2012, 06:49:17 AM
As strange as it sounds... Mt Gox was challenged by a very intense hack and made everyone whole in the end. So, while they may be amateur, they don't appear to be malevolent. I don't mean to say Intersango should achieve this in the same way, but accountability is #1 when it comes to exchanges. That is what needs to be "guaranteed" and advertised.