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Author Topic: Bots Artificially raising Mt GOX prices ?  (Read 843 times)
subvolatil (OP)
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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
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May 06, 2013, 09:17:36 PM
 #2

The bots should actually be helping the markets.

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