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. Bids/asks are mismatched to the point of malfeasance (or worse) during these lags. Churning, front running, wash trades, etc.....
Agreed agreed agreed. I just started following btc in jan 2013, and this has become more than apparent. Gox is manipulating the hell out btc value. Playing off the fears an fervor. . I can't believe more arent talking about this. Seems all ppl want to do is repeat bs about dos attacks, and how they seen it coming. Sure we all seen it coming but its the way it was executed and orchestrated. . And the way the alleged " oldest most sophisticated" btc exchange is handling things.
Is it too late to support the other exchanges?
