ChartBuddy
Legendary
 Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 23, 2013, 07:02:05 PM |
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"You Asked For Change, We Gave You Coins" -- casascius
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mccoyspace
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October 23, 2013, 07:05:29 PM |
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No, you're right. Its why CampBX isnt important. If they went to $500 it wouldnt effect the other markets at all.
If CBX went to $500 I'd move coins there and sell them, move fiat to my bank, then wire it back to bitfinex. Hell, at that price you could just buy the coins thru localbitcoins. |
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prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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October 23, 2013, 07:07:22 PM |
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Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.  maybe there is a service called "baidu trends"? Zero trade fees in china is fueling this pump/fake-rally. Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market. It's pretty easy to fake volume when there are no financial constraints to doing so. Don't you think? A single whale can repeatedly buy and sell his own coins. (That's not to say the market won't roll over him or that this is what is happening) Sure you can manipulate volume. How will that help in manipulating price? You don't think manipulating volume can affect price action? Re price manipulation, that would depend on how much of the coins/fiat on the exchange is controlled by the whale. Is it impossible that one could drive up the inter-exchange rate this way? Or would he just be run over by arbitrage? I don't really know, I'm just brainstorming... No one can arb using an exchange located in a country that has capital controls!!! Go ahead try to move fiat money out of China... and you thought Gox was hard... I'm pretty sure people can arb. After all lots of the people who have money in stuff like OKPay & LibertyReserve were Chinese. Obviously if you can get money into those types of things you can use similar approaches to arb. Okay... i stand corrected... there is no *easy way*... |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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October 23, 2013, 07:09:42 PM |
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No, you're right. Its why CampBX isnt important. If they went to $500 it wouldnt effect the other markets at all.
If CBX went to $500 I'd move coins there and sell them, move fiat to my bank, then wire it back to bitfinex. Hell, at that price you could just buy the coins thru localbitcoins. Well yeah, but its like when rmbtb CNY went to 1500 the other day.. no other exchanges gave a fuck. Because they arent significant. Significance comes in the form of volume and trust. Bitstamp is #1 in that I think. Followed by Gox. Then maybe BTC-China and BTC-E. |
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gandhibt
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October 23, 2013, 07:11:53 PM |
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No, you're right. Its why CampBX isnt important. If they went to $500 it wouldnt effect the other markets at all.
If CBX went to $500 I'd move coins there and sell them, move fiat to my bank, then wire it back to bitfinex. Hell, at that price you could just buy the coins thru localbitcoins. Well yeah, but its like when rmbtb CNY went to 1500 the other day.. no other exchanges gave a fuck. Because they arent significant. Significance comes in the form of volume and trust. Bitstamp is #1 in that I think. Followed by Gox. Then maybe BTC-China and BTC-E. CNY went to 1337. |
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Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
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October 23, 2013, 07:13:54 PM |
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Where? I see only 1240.
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gandhibt
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October 23, 2013, 07:16:10 PM |
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Where? I see only 1240.
Not today =) |
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eric345
Newbie
Offline
Activity: 39
Merit: 0
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October 23, 2013, 07:23:13 PM |
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maybe there is a service called "baidu trends"? Zero trade fees in china is fueling this pump/fake-rally. Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market. It's pretty easy to fake volume when there are no financial constraints to doing so. Don't you think? A single whale can repeatedly buy and sell his own coins. (That's not to say the market won't roll over him or that this is what is happening) Sure you can manipulate volume. How will that help in manipulating price? You don't think manipulating volume can affect price action? Re price manipulation, that would depend on how much of the coins/fiat on the exchange is controlled by the whale. Is it impossible that one could drive up the inter-exchange rate this way? Or would he just be run over by arbitrage? I don't really know, I'm just brainstorming... No one can arb using an exchange located in a country that has capital controls!!! Go ahead try to move fiat money out of China... and you thought Gox was hard... I'm pretty sure people can arb. After all lots of the people who have money in stuff like OKPay & LibertyReserve were Chinese. Obviously if you can get money into those types of things you can use similar approaches to arb. |
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prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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October 23, 2013, 07:28:34 PM |
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No, you're right. Its why CampBX isnt important. If they went to $500 it wouldnt effect the other markets at all.
If CBX went to $500 I'd move coins there and sell them, move fiat to my bank, then wire it back to bitfinex. Hell, at that price you could just buy the coins thru localbitcoins. Well yeah, but its like when rmbtb CNY went to 1500 the other day.. no other exchanges gave a fuck. Because they arent significant. Significance comes in the form of volume and trust. Bitstamp is #1 in that I think. Followed by Gox. Then maybe BTC-China and BTC-E. CNY went to 1337. I show they went to 1339.99 |
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Walsoraj
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October 23, 2013, 07:50:13 PM |
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Mania.
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Ozymandias
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October 23, 2013, 07:51:01 PM |
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Om nom nom as they say
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MoreFun
Legendary
Offline
Activity: 1008
Merit: 1003
WePower.red
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October 23, 2013, 07:51:25 PM |
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The whale is still on toilet... C'mon  We are waiting for you to crush this $220. He is back. Nice to see you whale.  |
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MAbtc
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October 23, 2013, 07:52:48 PM |
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Wow.... Gox high 222.00.... Bitstamp back over 201. This rally is relentless!  |
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wobber
Legendary
Offline
Activity: 1064
Merit: 1001
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October 23, 2013, 07:55:30 PM |
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Wow.... Gox high 222.00.... Bitstamp back over 201. This rally is relentless! I'm starting to doubt that this is bubble. It's.. NORMAL! |
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justusranvier
Legendary
Offline
Activity: 1400
Merit: 1009
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October 23, 2013, 07:56:00 PM |
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It's like February and March all over again.
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Ashitank
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October 23, 2013, 07:56:03 PM |
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Wow.... Gox high 222.00.... Bitstamp back over 201. This rally is relentless! No Body mind OK ! |
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jojo69
Legendary
Offline
Activity: 3164
Merit: 4345
diamond-handed zealot
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October 23, 2013, 07:56:29 PM |
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commence 2nd stage ignition
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Ashitank
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October 23, 2013, 07:59:44 PM |
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commence 2nd stage ignition
Not so fast , 1st stage not done yet |
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theonewhowaskazu
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October 23, 2013, 08:00:25 PM |
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Whenever I try to execute any order on Gox I'm getting a timeout error, but normal use is working fine, this happening for anyone else? Its not a big deal, I only have a couple bucks in there, but what the heck?
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wobber
Legendary
Offline
Activity: 1064
Merit: 1001
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October 23, 2013, 08:01:10 PM |
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$1 growth in 1 minute!
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