you should put how much you can afford to lose without affecting your life at all.
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Poloniex is exchanging ETH. Anyway, they are fucked now. They own like 10% from ETH. LOL If ETH goes down, Poloniex is going after them too; so, be careful where you keep your funds it seams Kraken is fucked too. they have "millions" worth of ETH Always assume that everyone and everybody is trying to scam you, that way you will be lessen the risk of being scammed. Therefore be careful always. It is not shocking that Poloniex got hacked anything in our modern time is vulnerable to hacking. the loss can be huge. Poloniex owns over 10% from ETH.
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Poloniex is exchanging ETH. Anyway, they are fucked now. They own like 10% from ETH. LOL If ETH goes down, Poloniex is going after them too; so, be careful where you keep your funds it seams Kraken is fucked too. they have "millions" worth of ETH What do you mean with that? Those coins belong to users, or do you mean they invested in Ethereum, if so why are you assuming they didn't made profit already? 10% from ETH belongs to users? they are fucked like shit. ETH will lose the value because it's hacked and there are chances to be closed http://etherscan.io/address/0xb794f5ea0ba39494ce839613fffba74279579268
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bitcoins that you see being traded on exchanges and the coins in their orderbooks don't exist. it's just you depositing real coins to the exchange, and the exchange simply adds the numbers to your account. it has nothing to do with block chains and miners. these coins you see are just numbers in their data base. that's all. and to answer your question whether or not exchanges get manipulated; the answer is yes.
TRUE ! Exchangers are manipulating the market with their bots and the orderbooks are just numbers on screen. You will see the real BTC trade market when the exchangers will provide the IN and OUT exchanges(via bank wires)
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it's a HYIP(ponzi). you may earn something for a while but they run with the money in the end. this is the rule for all the HYIPs
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Poloniex is exchanging ETH. Anyway, they are fucked now. They own like 10% from ETH. LOL If ETH goes down, Poloniex is going after them too; so, be careful where you keep your funds it seams Kraken is fucked too. they have "millions" worth of ETH
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this thread is about Poloniex. was it hacked or not?
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indeed, I think china market is the most crowded with fluctuating every hour. it keeps people from coming to the china market outside china I think, and make bitcoin volume in China booming. Thank you how is that possible when the chinesse banks are not allowed to deal with Bitcoin exchangers and neither with persons who are dealing/trading BTC? This is the question and nobody answers It's because everyone on this forum fits into one of three categories, clueless teenager, brain dead adult, or shill. I agree and further more they never do their research and just believe in what they read. Anyway i think those trades are just manipulation. Bots trading perhaps. But some article says that Chinesse are really into buying this BTC for money transfer. They are moving the wealth outside China border. And BTC transaction is one that is hard to tract. how can they buy when the banks are not allowed to deal with them? remember that China is a communist country and they control the financial sector very good. it's not a joke. Even in Europe, the banks are asking a lot of questions if you(a company)are receiving millions of USD for bitcoin. the chinesse exchangers, according to the volumes they show, they should receive/send millions of USD per day. What bank in this world is not asking question if you receive/send millions daily and all these transactions are for Bitcoin? http://www.bloomberg.com/news/articles/2013-12-05/china-s-pboc-bans-financial-companies-from-bitcoin-transactions
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Just found that there is 404 not found message in poloneix, this may be another DDOS attack or they are trying to stop trading for alts due to this 2 million ETH in hackers account ? EDIT: it seems poloneix again loading, may be there is going something behind the scene. withdrawn your funds from https://poloniex.com !
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indeed, I think china market is the most crowded with fluctuating every hour. it keeps people from coming to the china market outside china I think, and make bitcoin volume in China booming. Thank you how is that possible when the chinesse banks are not allowed to deal with Bitcoin exchangers and neither with persons who are dealing/trading BTC? This is the question and nobody answers
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In the mean-time Vitalik has tried to get all trading to stop. This is not what is supposed to happen in a decentralized system, nobody should have that much authority. if you have money in a shit "decentralized system", would you prefer to lose all your funds or accepting that someone can stop the tradings and returning your funds back ?
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Chinese have all the bitcoins because they are industrious intelligent people. Westerners don't have as many bitcoins because all they do all day is sit around getting high and posting on forums.
sure. they are "intelligent". they have the "Willy bot" and they put it work from time to time like now.
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For me LBC is the best to buy or sell coins, and after spending long time there I have made many personal contacts whom I can surely trust.
do they use chinese bank accounts or from Europe?
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It is obvious that the Chinese exchanges powerful manipulate the market! After all, how they would obtain gains, if not charge fees? So what? The universe of Bitcoin is a free market, where players need to learn to live with this kind of thing.
with a fraud?
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as long the centralized exchangers will be used, the BTC price will be manipulated in their favor(serving different interests). on a regulated market, this is called fraud.
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I think we are definitely seeing an exaggerated price increase in such a short period of time. I won't be surprise if there is another "Willy bot" behind this.
However, I do think the current price is reflecting the current value of each coin. Perhaps a slow increase between now an halving is reasonable. If we ever get pass $1000 in the next few weeks, I am sure it is a bubble.
of course, it's "Willy bot" behind this and the exchanger's cartel is in action.
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Bitfinex, Kraken, Coinbase, Bitstamp all charge fees. It is too expensive to manipulate volume on those exchanges as every trade will cost you money.
The only exchanges where the volume may be suspect are the ones that don't charge fees - Huobi and the other Chinese ones. But some of their trade is definitely real.
This is nonsense - if the bots are run by the exchange then the fees "cost nothing" (as it is coming from their own profits). You can't trust *any* exchanges volume in Bitcoin (and never have been able to). People seem to confuse Bitcoin exchanges with things like regulated stock exchanges - a very naive thing to be doing. It depends on where they are based. In the western world, an exchange with that kind of volume and which is charging fees on every trade, is expected to show revenue in line with that and pay tax on the profits generated. There is no benefit in pretending you are making more than you really are because you only attract the attention of the taxman who wants his share. Tax authorities: keeping business from over stating revenue since the dawn of time. MTGox was registered in Japan and believe me, you have to pay a lot of taxes there. Even so, MtGox used the Willy bot. It's very simple to setup a bot to make FREE transactions(no fee for trades that it's making). The rest of the users are setup to be charged. All the exchangers are using bots and that's why they can manipulate the price. They talk to each other, they know when the price will go up or down. I am referring to the biggest ones that I mentioned above. It's a fraud and the BTC China CEO admitted an obvious thing... Yes, if you are financial licensed it's harder to make tricks but it's possible if you setup free charge for your bots
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As I said since years ago, ALL the exchangers have fake volumes and it's resulting price manipulations; ones have a "decent" rate, others have a huge rate of fake transactions. That means FRAUD ! I would say that there are 5-6 big exchangers who are giving the trend and they form a cartel: Bitfinex, Okcoin, Huobi, Bitstamp, BTC-e, Kraken then Coinbase and others. Many BTC fanatics are saying that BTC is free that it's a free market without monopoly. I say otherwise. All the BTC trades is manipulated by these exchangers and "you" accept it even you lose alot Of couse, many of you forgot MTgox's bot (called Willy) who raised the price by doing fake transactions Now, someone from inside is admitting this thing: https://forum.bitcoin.com/bitcoin-discussion/reminder-chinese-bitcoin-spot-exchanges-okcoin-and-huobi-are-faking-a-majority-of-their-trading-volume-t6701.html
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