I didn't have problems with security there... it's not a bad thing to diversify your trading, sometimes a nice gain could be made on altcoins pumps though at the moment they're all pumped to the sun.
What I don't like is a low volume that helps people with lot of coins to dictate the price, block it when it fits them etc - and that big is 100 coins or so.
Yes you make some good points there. A big seller was manipulating LTC like crazy yesterday..just moving it at will for awhile.
I just got on BTC-e the other day and have been having some fun with it. It is nice how they have so many altcoins available. I just got on Bter.net and it has Feathercoin (FTC) and some others.
When MtGox starts trading LTC, I bet they are going to take a lot of that business from BTC-e.
This sell wall was pretty amazing. At the amount of 480k buy orders he set a nutcasingly low sell wall with over half a million dollars. You could see the sell prices going down instantly and consisttently.
However, this is just normal. It was a fake wall and even if the buy orders ate at the wall, it probably was totally for profits. If something like this happens, i can only give one advice: BUY and don't panic sell. This sell wall does not work because the guy has enough money to do it: This sell wall works because a ton of people are stupid enough to fall for the trick and start panic selling at lower and lower prices.
The moment sell wall guy comes on BTC-e, moving buy orders slightly above at wherever this guy sets his buy own order to profit will let you participate in this.
If you did not panic sell, you have not been hurt. So either playing along this game or doing absolutely nothing in these cases is the best choice. Theoretically, shit like this can happen in the real world outside of crypto, too.
Look at the Libor and the latest scandals. 15 traders were able to make profits from manipulating the interest, using fake credits moved around their banks.
