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Author Topic: Gox is playing market maker  (Read 835 times)
revans
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April 12, 2013, 02:18:01 AM
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Absolutely obvious price manipulation by Gox, they are desperate to try and keep price at at least 80 but keep getting hammered back
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Manticore
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April 12, 2013, 02:20:46 AM
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I believe they've been doing this all along.....
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April 12, 2013, 02:42:29 AM
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......at every support level. It's just taken awhile for people to notice.
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April 12, 2013, 02:46:26 AM
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......at every support level. It's just taken awhile for people to notice.

It's so blatant, I guess because there is no regulator to slap them down they don't even have to bother trying to hide it. With their market control what they are doing is a sure-fire way to end up crashing bitcoin for good.
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April 12, 2013, 02:58:34 AM
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......at every support level. It's just taken awhile for people to notice.

It's so blatant, I guess because there is no regulator to slap them down they don't even have to bother trying to hide it. With their market control what they are doing is a sure-fire way to end up crashing bitcoin for good.

Yes, it's like the US stock market in the 1920s. There are no regulations so anything goes. I don't think they want to fix the lag. I think the lag is how they control the market (IMO), quell panic selling, pump the bid/ask with tiny bot bids (or someone is, it seems), etc etc. I think they've been doing this blatantly for the past three months (always at major technical and psychological support levels) but most of the people on this forum, I assume, are not very involved in equities and don't realize how truly bizarre the pricing action is on Mt Gox. Or, they like that Gox might be pumping this....
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April 12, 2013, 03:03:58 AM
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Absolutely obvious price manipulation by Gox, they are desperate to try and keep price at at least 80 but keep getting hammered back

I don't think they are directly manipulating to keep it up or they would of done so above $200 and not let it go to $105.


I have however felt all day long that they only shutdown after seeing massive volume sell offs.  They reopened tonight to let everyone cool off in hopes of slowing it down.  This may backfire really bad tomorrow though if people simply lose faith in Mt. Gox since they still seem to be lagged to hell.  They didn't fix a damn thing it looks like.

They don't want lag to cause the price to plummet.  If you read the posts on their main page a couple weeks ago they were telling everyone to hold and not sell.  As if you can stop speculators from speculatin'.  Speculators gonna speculate.  Grin
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April 12, 2013, 03:04:18 AM
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......at every support level. It's just taken awhile for people to notice.

It's so blatant, I guess because there is no regulator to slap them down they don't even have to bother trying to hide it. With their market control what they are doing is a sure-fire way to end up crashing bitcoin for good.

Yes, it's like the US stock market in the 1920s. There are no regulations so anything goes. I don't think they want to fix the lag. The lag is how they control the market, quell panic selling, pump the bid/ask with tiny bot bids, etc etc. They've been doing this blatantly for the past three months (always at major technical and psychological support levels) but most of the people on this forum, I assume, are not very involved in equities and don't realize how truly bizarre the pricing action is on Mt Gox. Or, they like that Gox is pumping this....
Could you explain a bit more how they do this and what their goals are? I am interested in some technical details. Thanks!

"The difference between a castle and a prison is only a question of who holds the keys."
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April 12, 2013, 03:28:10 AM
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Could you explain a bit more how they do this and what their goals are? I am interested in some technical details. Thanks!

Someone who wants to keep the price up has been doing this....

https://bitcointalk.org/index.php?topic=173375
https://bitcointalk.org/index.php?topic=172540
https://bitcointalk.org/index.php?topic=170483
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