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Author Topic: MtGox has frozen trading again because their price manipulation is not working  (Read 908 times)
revans
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April 12, 2013, 02:48:25 PM
 #1

These guys are crooks, plain and simple. If they can't manipulate the price action they want they just pull the plug and make up some bullshit about DDOS, too much demand, IT guy has the flu, etc.
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April 12, 2013, 02:56:14 PM
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YEP i have been in awe seeing the move over the charts watching the extraordinary pumping process:
3 consecutive 2k buy orders  encapsulating all sell orders, at any price.
Who in their right mind would trade like that in such situation !!

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April 12, 2013, 03:00:39 PM
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OP seems a little paranoid but it is odd that prices are so much higher on MG than Bitstamp at the moment.

You are a warlord in the outskirts of the known world struggling to establish a kingdom in the wild lands.
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April 12, 2013, 03:56:08 PM
 #4

YEP i have been in awe seeing the move over the charts watching the extraordinary pumping process:
3 consecutive 2k buy orders  encapsulating all sell orders, at any price.
Who in their right mind would trade like that in such situation !!

Sounds like time to dump some coins on Gox and complain to regulators when you can't get dollars out.

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April 12, 2013, 03:58:14 PM
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Sounds like time to dump some coins on Gox and complain to regulators when you can't get dollars out.

Unfort. btc deposits haven't been working for hours. If they're trying to support the price they are going about it the right way.

You are a warlord in the outskirts of the known world struggling to establish a kingdom in the wild lands.
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April 12, 2013, 04:32:55 PM
 #6

Actually trying to make a floor is responsible of them. If it works is another matter.


 
 
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Atruk
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April 12, 2013, 10:30:19 PM
 #7

Actually trying to make a floor is responsible of them. If it works is another matter.

There's probably people who can be trusted to establish a floor. Gox doesn't seem to be run by those people.

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