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April 26, 2013, 01:25:15 AM Last edit: April 26, 2013, 02:10:58 AM by Manticore |
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I've been posting about this for awhile.
The story always gets twisted into 'the lag caused the drop' when the drop always happens well before the lag. Today, we dropped from $145 to $123 without any signs of manipulation and then the lag started at $123, moved slowly to $120, lagged longer, then shot up to $145 during the lag in less than a minute before settling back down again. Where else does one find this kind of pricing action???
We always go lower, the lag appears, we don't go much lower after it starts (except on April 11th), and we bounce as the lag is ending. If this is an attempt at dropping the price, they are dong a very poor job and spending a ton of money 'simulating' a sell-off with large coin dumps. If it's an attempt at protecting the price, they have a winning average and are spending nothing by lagging out (Gox, bots, DDoS, whomever?) to support the price.
I guess most people here don't watch this very closely because it's fairly blatant. Gox reportedly began lagging on the upside in the days after the crash. I did not see this although people have reported it. I did not see upside lag in the weeks before the crash.
April 11th was an exception, IMO, because selling overpowered any attempt at stemming the sell-off. We were going down that day regardless.
Nobody here wants to believe this and you will likely be crucified for mentioning it (they'll call you a shill, troll, etc). These exchanges are not regulated. With such low liquidity, phony volume could move this thing like a piñata. This is essentially the pink sheets.
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