Bitcoin Forum
November 09, 2024, 08:26:08 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bots Artificially raising Mt GOX prices ?  (Read 866 times)
subvolatil (OP)
Hero Member
*****
Offline Offline

Activity: 546
Merit: 501


Cypherpunk and full-time CryptoAnarchist


View Profile
May 06, 2013, 01:58:56 PM
 #1

Hi ,
I  dont know  if this  belongs  here  but i  am noticing  that bots  are  artificially  raising  prices in mt gox.  I know  this because  i  see  multiple  small  transactions of 0.01000 or 0.001000 BTC  selling . in the mean time after  each of these  transaction the prices increase.

It looks like good news to  those  owning  bitcoin, but  on a longer run artificially maintained  prices tend  to burst the bubble.  and i think the Bots  are  aiming for that.

Once  panic  selling  starts and  bitcoin  bottoms  out again, the bots  again pick up  from where they  left off from.  

I think  we are  getting  scammed.  But i am not  to  sure.. I'm thinking to  buy more  bitcoin but, looking  at todays  charts and numbers it looks kind a  sketchy .  please advise.
joesmoe2012
Hero Member
*****
Offline Offline

Activity: 882
Merit: 501


Ching-Chang;Ding-Dong


View Profile WWW
May 06, 2013, 09:17:36 PM
 #2

The bots should actually be helping the markets.

Check out BitcoinATMTalk - https://bitcoinatmtalk.com
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!