And btw, the last days we could observe serveral times that those walls were immediately pulled away once other folks really start buying or selling significantly into them. So even in your scenario (someone else selling 100k BTC) the manipulator has enough time to get out of the way
I don't think mtgox works that way. You can't pull orders (neither can bots) while that 100k sell is being executed, right? Its not very clear but I remember a few months ago some people claiming it was possible. |
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Just bought at $10.26, Up up up!
ummm..... Don't worry, already sold at $10.51 lol |
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1. Sets up bid wall of 6k coins at $10.20.
2. Bigger fish sells 100k BTC and brings us down to $6, and we rebound to $8.
3. FAIL
no, no. No fail at all here. The Ask wall is still there and all the smaller ask orders used for such a money making scheme are also still there. All the manipulator has to do is to wait for the market to come back to reap the revenue. And while doing so, the manipulator might even construct another "system" of paired orders in between to make even more money. All he needs is liquidity. And someone who can move walls of the size we saw the last days does have lots of liquidity. Yuhfhrh is right. It only works if the market stays above the bid wall. Otherwise, you will lose money. "All the manipulator has to do is to wait for the market to come back" -- You assume that it will come back, and you will lose money if you are wrong. Let's say you set up your walls when the value hit $15 3 months ago. You would be out a lot of money right now. "All he needs is liquidity" -- you mean all he needs is an infinite amount of money. Thanks friend  |
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Wait! Does this mean I get no T shirt?
Requesting a scammer tag for OP.
Made me laugh out loud.  |
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A lot of times I have to wake up very late at night/early in the morning to find people dumping large amounts though.
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I usually see crazy activity as of about 2 hours ago 7pm for me til 11pm I think its all the people getting home after doing work/play all day then buying btc for sr/hookers or whatever they use em for late at night.
Lol |
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Just bought at $10.26, Up up up!
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Oh dear  |
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I'm getting a little antsy.  |
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I placed an order through bitinstant using moneygram to purchase bitcoins through Zip zap inc for BTC-e. Zip zap received the payment, but the bitcoins never showed up in my BTC-e account. When I checked my order status, the event log says that the order execution failed. I have sent numerous emails to bitinstant since I discovered that the order failed yesterday, but have received no communication other than the information provided on the order status page. Has anyone had a similar experience using bit instant? If so, how were you able to resolve this? Thank you.
It just means bitinstant ran out of funds at btc-e. Their support usually responds very quickly (within a couple of hours.) But lately they have taken a few days to answer. |
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1. Sets up bid wall of 6k coins at $10.20.
2. Bigger fish sells 100k BTC and brings us down to $6, and we rebound to $8.
3. FAIL
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We aren't going down nearly as much as I thought we would. I'm gonna try and buy the rest I can around $10.20's.  How low did you think it goes? Have a little more patience. (MtGox fees will hate you for being patient  ) I thought it would stay below 10 this weekend, and I had a rule if it stayed above 10 by noon on Saturday I would buy back in. Don't want to be left behind. Even if the wall near $10 goes down, there is still a lot of resistance between $8 and $10. no no no go back down...down boy
Made me lol |
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We aren't going down nearly as much as I thought we would. I'm gonna try and buy the rest I can around $10.20's. |
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Still wanna wait for monday? I went half in at $10.49 lol |
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Why has BTC-e not posted a response on this yet?
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I refuse to turn bull until the weekend is over.
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That's one hell of an accusation to make without evidence, and making it without proving it can only damage BTC-e's reputation.
Explain yourself BTC-e support.
Seriously, that could be grounds for a lawsuit under slander/libel. Yes it could. That is an extremely serious allegation. Edit: But we don't have the entire conversation. Support could have said: "All these rumors about the DDOS need to stop." And the question could have been asked: "What is the rumor that is going around?" And support could have replied: "mtgox ordered it." One screenshot can be taken completely out of context. I witnessed it. It's not out of context at all, in fact that is the only thing support said. |
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