Who do you think is the next GOX that has been trying to manipulate price?

[TERA]

What's shady about the volume on those exchanges is there are no fees.  So actually they're completely irrelevant.  This was established TWO YEARS ago.  Get with the program.

I agree, on exchanges with no fee, the volume should not be taken seriously. One could simply buy and sell at the same time, and simply fake volume,
which is exactly what's going on now. The main question now is why ? Just to be considered a more important exchange or is there something more to it than just that..

I'm guessing they just got new high frequency trading bots and are playing their daily Kung fu game against each other with more trades occurring faster than ever before.  The same coin is being flipped 1000 times per day in attempt to make an average of 0.001% profit per trade.

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[Mickeyb]

What's shady about the volume on those exchanges is there are no fees.  So actually they're completely irrelevant.  This was established TWO YEARS ago.  Get with the program.

I agree, on exchanges with no fee, the volume should not be taken seriously. One could simply buy and sell at the same time, and simply fake volume,
which is exactly what's going on now. The main question now is why ? Just to be considered a more important exchange or is there something more to it than just that..

What do you mean why? To be called the biggest Bitcoin exchange! To attract new customers by being the biggest! It's all about the marketing in the world and also in the Bitcoin world!

To be honest, I believe that nearly all exchanges might be inflating their volumes a bit, just to attract the fresh blood!

[uki]

The problem with "selling to push the price down" is that you have to REBUY all those coins eventually and by the time you  finish that,  you're probably right back where you started,  or much worse,  especially if there's some other accumulating buyer who wants hundreds of thousands of coins.  Then after you've taken a loss from that,  you still have to rebuy your missing coins, which will be an even bigger loss than before.  This is a really bad idea during a bull market.

You can speculate about whatever gox dud but Mark could do whatever he wanted on gox because it was a closed loop with no deposits or withdrawals and he could completely make up all the accounting numbers.  He never paid anyone their fiat OR their bitcoin (defaulted) and he's now in jail. So that's not proof of any kind of a winning strategy.  

to some extent the Chinese exchanges with no trading fees are also able to artificially inflate the volumes and paint the chart to what their please is. However I agree with your first post in this thread, that selling big amount of Bitcoin in order to get more coins is a very risky strategy and probably the market is already to big to use it in practice.

[Minor Miner]

Did anyone notice that whomever it is also tried the same concentrated dump last night and it only moved the price down $10?   They must be getting desperate.

[uki]

Did anyone notice that whomever it is also tried the same concentrated dump last night and it only moved the price down $10?   They must be getting desperate.

don't worry, if the price start moving down, it will go much further than $10. Just take the recent rise to $502 and the correction afterwards as an example. The point is, for now there are still not sufficient reason to get the fast growth. That would be unhealthy and unsustainable in any perspective longer than two-three weeks. We are currently in the sideways trend, occasionally popping a bit up, but then correcting back to the main channel we sit in for now: $350-400.