Bitcoin Forum
August 21, 2024, 11:33:46 PM
Welcome,
Guest
. Please
login
or
register
.
News
: All versions of Windows are affected by a
critical security bug
; make sure you update.
Home
Help
Search
Login
Register
More
Bitcoin Forum
>
Economy
>
Economics
>
Speculation
>
Currency manipulation in bitcoin
Pages: [
1
]
« previous topic
next topic »
Print
Author
Topic: Currency manipulation in bitcoin (Read 1421 times)
evolve
(OP)
Hero Member
Offline
Activity: 700
Merit: 500
daytrader/superhero
Currency manipulation in bitcoin
March 13, 2013, 12:37:32 AM
#1
Every time the BTC price crashes, Mt.Goxs' API goes to shit and trades slow to a crawl (or completely stop like it did for an hour this morning).
I can't be alone in thinking that this is price manipulation meant to prop up the price.
Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
Re: Currency manipulation in bitcoin
March 13, 2013, 12:40:12 AM
#2
Crashes coincide with increased volume, no?
If the lag does not exist on high volume moments when it is shooting going up, then maybe you have a point.
AndyRossy
Sr. Member
Offline
Activity: 448
Merit: 250
Re: Currency manipulation in bitcoin
March 13, 2013, 12:44:10 AM
#3
I dont think 1 large exchange is right for many reasons - not only is it a "single point of failure", other issues exist.
Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Re: Currency manipulation in bitcoin
March 13, 2013, 12:46:22 AM
#4
Prop up?
People are panicking and MtGox makes the selling
more extreme.
A serious question(?) about decentralization.
|
Homeless Token (HOME) You Can
Make Good Honest Money
By Helping People In Urgent Need.
| +++ Positive Coin +++ Stay Tuned!
notme
Legendary
Offline
Activity: 1904
Merit: 1002
Re: Currency manipulation in bitcoin
March 13, 2013, 12:48:23 AM
#5
Quote from: evolve on March 13, 2013, 12:37:32 AM
Every time the BTC price crashes, Mt.Goxs' API goes to shit and trades slow to a crawl (or completely stop like it did for an hour this morning).
I can't be alone in thinking that this is price manipulation meant to prop up the price.
Same happens on big up moves. Quit using Gox until they fix their shitty trading engine. I haven't used Gox in over a year and couldn't be happier with my ability to convert to/from fiat. There are a lot more options these days.
https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
evolve
(OP)
Hero Member
Offline
Activity: 700
Merit: 500
daytrader/superhero
Re: Currency manipulation in bitcoin
March 13, 2013, 01:13:42 AM
#6
Quote from: Spaceman_Spiff on March 13, 2013, 12:40:12 AM
Crashes coincide with increased volume, no?
If the lag does not exist on high volume moments when it is shooting going up, then maybe you have a point.
Have you ever seen an hour lag on an upswing? In 2 years, I haven't.
Quote from: Bit_Happy on March 13, 2013, 12:46:22 AM
Prop up?
People are panicking and MtGox makes the selling
more extreme.
How so? When they start slowing down peoples ability to sell off, the price drop loses momentum.
notme
Legendary
Offline
Activity: 1904
Merit: 1002
⇾
Re: Currency manipulation in bitcoin
March 13, 2013, 01:39:18 AM
#7
Quote from: evolve on March 13, 2013, 01:13:42 AM
Quote from: Spaceman_Spiff on March 13, 2013, 12:40:12 AM
Crashes coincide with increased volume, no?
If the lag does not exist on high volume moments when it is shooting going up, then maybe you have a point.
Have you ever seen an hour lag on an upswing? In 2 years, I haven't.
Yes. I remember severe lag during the first run to 32. This rally has been much slower.
https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Re: Currency manipulation in bitcoin
March 13, 2013, 02:04:16 AM
#8
Quote from: evolve on March 13, 2013, 01:13:42 AM
....
How so? When they start slowing down peoples ability to sell off, the price drop loses momentum.
When Gox is slow
people panic even more
, since the exchange is horrendous and not usable.
$49 to $33.30 last week
~$48 to $36 yesterday, both HUGE drops while Gox was a frozen POS.
The above numbers clearly (seem to) support my opinion.
A serious question(?) about decentralization.
|
Homeless Token (HOME) You Can
Make Good Honest Money
By Helping People In Urgent Need.
| +++ Positive Coin +++ Stay Tuned!
BitcoinAshley
Sr. Member
Offline
Activity: 448
Merit: 250
Re: Currency manipulation in bitcoin
March 13, 2013, 03:03:42 AM
#9
Again, MORE people complaining about Gox's shitty trading engine or general shadiness due to being big-as-fuck, yet STILL USING GOX
What about this is so hard to understand? If you don't like a service you are not obliged to use it.
Obviously a lot of people still LUVVV MtGox. Not I! Heck I've never even used it due to rumours of the trading engine basically shutting down during times of high volume. The rumours persist, it continues to happen, and people still use Gox. Oh well.
Bit_Happy
Legendary
Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Re: Currency manipulation in bitcoin
March 13, 2013, 06:13:07 AM
#10
Quote from: BitcoinAshley on March 13, 2013, 03:03:42 AM
...
What about this is so hard to understand?...
Gox is where the action/volume is at, that is their only advantage, but it's a huge one.
A serious question(?) about decentralization.
|
Homeless Token (HOME) You Can
Make Good Honest Money
By Helping People In Urgent Need.
| +++ Positive Coin +++ Stay Tuned!
notme
Legendary
Offline
Activity: 1904
Merit: 1002
Re: Currency manipulation in bitcoin
March 13, 2013, 06:17:01 AM
#11
Quote from: Bit_Happy on March 13, 2013, 06:13:07 AM
Quote from: BitcoinAshley on March 13, 2013, 03:03:42 AM
...
What about this is so hard to understand?...
Gox is where the action/volume is at, that is their only advantage, but it's a huge one.
If you're a US seller, it seems bitfloor is where the action is. Prices are still at $47. It is helping hold up Gox along with a few of the other exchanges.
https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
Pages: [
1
]
Print
Bitcoin Forum
>
Economy
>
Economics
>
Speculation
>
Currency manipulation in bitcoin
« previous topic
next topic »
Jump to:
Please select a destination:
-----------------------------
Bitcoin
-----------------------------
=> Bitcoin Discussion
===> Legal
===> Press
===> Meetups
===> Important Announcements
=> Development & Technical Discussion
===> Wallet software
=====> Electrum
=====> Bitcoin Wallet for Android
=====> BitcoinJ
=====> Armory
=====> Mycelium
=====> Hardware wallets
=> Mining
===> Mining support
===> Pools
===> Mining software (miners)
===> Hardware
=====> Group buys
===> Mining speculation
=> Bitcoin Technical Support
=> Project Development
-----------------------------
Economy
-----------------------------
=> Economics
===> Speculation
=> Marketplace
===> Goods
=====> Computer hardware
=====> Digital goods
=======> Invites & Accounts
=====> Collectibles
===> Services
===> Currency exchange
===> Gambling
=====> Games and rounds
=====> Investor-based games
=====> Gambling discussion
===> Lending
=====> Long-term offers
===> Securities
===> Auctions
===> Service Announcements
=====> Micro Earnings
===> Service Discussion
=====> Web Wallets
=====> Exchanges
=> Trading Discussion
===> Scam Accusations
===> Reputation
-----------------------------
Other
-----------------------------
=> Meta
===> New forum software
===> Bitcoin Wiki
=> Politics & Society
=> Beginners & Help
=> Off-topic
=> Serious discussion
===> Ivory Tower
=> Archival
===> Корзина
===> CPU/GPU Bitcoin mining hardware
===> Chinese students
===> Obsolete (buying)
===> Obsolete (selling)
===> MultiBit
-----------------------------
Alternate cryptocurrencies
-----------------------------
=> Altcoin Discussion
=> Announcements (Altcoins)
===> Tokens (Altcoins)
=> Mining (Altcoins)
===> Pools (Altcoins)
=> Marketplace (Altcoins)
===> Service Announcements (Altcoins)
===> Service Discussion (Altcoins)
===> Bounties (Altcoins)
=> Speculation (Altcoins)
-----------------------------
Local
-----------------------------
=> العربية (Arabic)
===> العملات البديلة (Altcoins)
=====> النقاشات
===> إستفسارات و أسئلة المبتدئين
===> التعدين
===> النقاشات الأخرى
===> منصات التبادل
=> Bahasa Indonesia (Indonesian)
===> Marketplace (Bahasa Indonesia)
===> Mining (Bahasa Indonesia)
===> Altcoins (Bahasa Indonesia)
===> Trading dan Spekulasi
===> Ekonomi, Politik, dan Budaya
===> Topik Lainnya
=> Español (Spanish)
===> Mercado y Economía
=====> Servicios
=====> Trading y especulación
===> Hardware y Minería
===> Esquina Libre
===> Mercadillo
=====> Mexico
=====> Argentina
=====> España
=====> Centroamerica y Caribe
===> Primeros pasos y ayuda
===> Altcoins (criptomonedas alternativas)
=====> Minería de altcoins
=====> Servicios
=====> Tokens (Español)
=> 中文 (Chinese)
===> 跳蚤市场
===> 山寨币
===> 媒体
===> 挖矿
===> 离题万里
=> Hrvatski (Croatian)
===> Trgovina
===> Altcoins (Hrvatski)
=====> Announcements (Hrvatski)
===> Off-topic (Hrvatski)
=> Deutsch (German)
===> Anfänger und Hilfe
===> Mining (Deutsch)
===> Trading und Spekulation
===> Projektentwicklung
===> Off-Topic (Deutsch)
===> Treffen
===> Presse
===> Altcoins (Deutsch)
=====> Announcements (Deutsch)
===> Marktplatz
=====> Auktionen
=====> Suche
=====> Biete
=> Ελληνικά (Greek)
===> Αγορά
===> Mining Discussion (Ελληνικά)
===> Altcoins (Ελληνικά)
=====> Altcoin Announcements (Ελληνικά)
=====> Altcoin Mining (Ελληνικά)
=> עברית (Hebrew)
=> Français
===> Actualité et News
===> Débutants
===> Discussions générales et utilisation du Bitcoin
===> Mining et Hardware
===> Économie et spéculation
===> Place de marché
=====> Échanges
=====> Produits et services
=====> Petites annonces
===> Le Bitcoin et la loi
===> Wiki, documentation et traduction
===> Développement et technique
===> Vos sites et projets
===> Hors-sujet
===> Altcoins (Français)
=====> Annonces
=> India
===> Mining (India)
===> Marketplace (India)
===> Regional Languages (India)
===> Press & News from India
===> Alt Coins (India)
===> Buyer/ Seller Reputations (India)
===> Off-Topic (India)
=> Italiano (Italian)
===> Guide (Italiano)
===> Progetti
===> Discussioni avanzate e sviluppo
===> Trading, analisi e speculazione
===> Mercato
=====> Mercato valute
=====> Beni
=====> Servizi
=====> Esercizi commerciali
=====> Hardware/Mining (Italiano)
=====> Gambling (Italiano)
===> Accuse scam/truffe
===> Mining (Italiano)
===> Alt-Currencies (Italiano)
=====> Annunci
===> Raduni/Meeting (Italiano)
===> Crittografia e decentralizzazione
===> Off-Topic (Italiano)
=> 日本語 (Japanese)
===> アルトコイン
=> Nederlands (Dutch)
===> Markt
===> Gokken/lotterijen
===> Mining (Nederlands)
===> Beurzen
===> Alt Coins (Nederlands)
===> Off-topic (Nederlands)
===> Meetings (Nederlands)
=> Nigeria (Naija)
===> Politics and society (Naija)
===> Off-topic (Naija)
=> 한국어 (Korean)
===> 대체코인 Alt Coins (한국어)
=> Pilipinas
===> Altcoins (Pilipinas)
=====> Altcoin Announcements (Pilipinas)
===> Pamilihan
===> Others (Pilipinas)
=> Polski
===> Tablica ogłoszeń
===> Alternatywne kryptowaluty
=====> Nowe kryptowaluty i tokeny
=====> Tablica ogłoszeń (altcoiny)
=> Português (Portuguese)
===> Primeiros Passos (Iniciantes)
===> Economia & Mercado
===> Mineração em Geral
===> Desenvolvimento & Discussões Técnicas
===> Criptomoedas Alternativas
===> Brasil
===> Portugal
=> Русский (Russian)
===> Новички
===> Бизнес
=====> Барахолка
=====> Обменники
===> Идеи
===> Кодеры
===> Майнеры
===> Политика
===> Трейдеры
===> Альтернативные криптовалюты
=====> Токены
=====> Бayнти и aиpдpoпы
===> Хайпы
===> Работа
===> Разное
===> Oбcyждeниe Bitcoin
=====> Новости
=====> Юристы
=> Română (Romanian)
===> Anunturi importante
===> Offtopic
===> Market
=====> Discutii Servicii
===> Minerit
===> Tutoriale
===> Bine ai venit!
===> Presa
===> Altcoins (Monede Alternative)
=====> Anunturi Monede Alternative
=> Skandinavisk
=> Türkçe (Turkish)
===> Bitcoin Haberleri
===> Pazar Alanı
===> Madencilik
===> Ekonomi
===> Servisler
=====> Fonlar
===> Proje Geliştirme
===> Alternatif Kripto-Paralar
=====> Madencilik (Alternatif Kripto-Paralar)
=====> Duyurular (Alternatif Kripto-Paralar)
===> Konu Dışı
===> Yeni Başlayanlar & Yardım
===> Buluşmalar
=> Other languages/locations
Loading...