LOL@GOX price manipulation

[revans]

So Bitcoin price discovery=what price Gox feels like setting. They really don't give a damn about being called out either, it so utterly obvious. Gox needs to be abandoned by everyone as it is now trying to make the market rather than simply serve it.

[Zaih]

Bloody Gox ^^ Root of all evil

[botlove]

its not even mostly gox, but im sure they hold some coins

i think is was a dump from some early miner/pioneer followed by a timing attack from a capital group , and now they're storm buying

[Manticore]

This is exactly what I said would happen....

EDIT: https://bitcointalk.org/index.php?topic=173387.msg1806383#msg1806383

This is the same type of nonsense that I believe they've been doing all along.

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

I believe they've been rigging the bid/ask at every support level for the past three months. Nobody wants to believe it, though.

[Nemesis]

Poor you..... sold at 65?



Cry more bitches

[chriswen]

They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.

[revans]

Poor you..... sold at 65?



Cry more bitches

I've no dog in this hunt, I just find it odd that a bunch of people so critical of the central bank model tolerate it in their Libertarian wet-dream currency

[Manticore]

They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.

Gox is a complete sham. Utter disgrace. How are they in control of a $1B+ economy? This is bizarro world.

EDIT: My BTC holdings are inconsequentially small (my interests are academic & startup related). I've been calling them out since before this meltdown.

[Luckybit]

its not even mostly gox, but im sure they hold some coins

i think is was a dump from some early miner/pioneer followed by a timing attack from a capital group , and now they're storm buying

Describe a timing attack?

[GeniuSxBoY]

They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.

Gox is a complete sham. Utter disgrace. How are they in control of a $1B+ economy? This is bizarro world.

And I'm not crying. I've been calling them out since before this meltdown.

[Manticore]

http://www.catpictures.co/pictures/Get_Out_Of_My_Head910.jpg
http://www.catpictures.co/pictures/Get_Out_Of_My_Head910.jpg
http://www.catpictures.co/pictures/Get_Out_Of_My_Head910.jpg

I'm not even sure what this means??

[revans]

They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.

Gox is a complete sham. Utter disgrace. How are they in control of a $1B+ economy? This is bizarro world.

And I'm not crying. I've been calling them out since before this meltdown.

I'm not even sure what this means??

It's a way of torpedoing a thread which is discussing something a lot of bitcoin users would rather ignore.

[botlove]

if you're spamming the system with small transactions to lag it down, then de-lagging for a few seconds, at which time you happen to show a big chunk of well placed coins , the bots can jsut move out of the way to find their happy homes, and some even shut down to avoid processing an order to a competitor, etc....

anyhow, all i know is that I saw some big chunks of coins at prices where I knew they didn't really want to buy, and I knew they  didn't really want to sell, over and over.

[Nagle]

They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.

That's called "front running".

[Manticore]

They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.

That's called "front running".

Gox is essentially an unregulated exchange circa 1920. IMO Bids/asks are mismatched to the point of malfeasance (or worse) during these lags. Churning, front running, wash trades, etc??

[Crypt_Current]

They could make enormous profit if the rigged the buy sell offers.  Because of 5 min lag!  They get 2 market orders, 1 bid and 1 sell. They execute bid for high, they execute bid for sell.  They profit off the spread with no risk.

That's called "front running".

Nagle is back?

[Manticore]

This is the second time they've restarted us much higher than where we stopped. And we're headed back down....and of course, when we start going down we lag. Are they going the shut this off again because we aren't going in the right direction?

[Manticore]

Mt Gox seems to want to keep this at 3 digits. It looks like they will halt this over and over and walk it back up if necessary......I don't think they will accept 2 digits.

[HappyBitCoinUser]

Its at $101.90 right now, so server is about to shut down again?

[M4v3R]

While I'm far from accusing anyone of bad intentions, it's hard not to see that they probably liked the recent events:



Even if all trades had only 0.3% fee, they've earned more than 700K USD last week only (12M volume as seen on the chart above). Compare that to 150-200K they've earned in January and you'll see that they probably want the price to go sky high.