MT Gox... You Can Not Control The Exchange Market.

[Maria]

Trying to control the natural course of the market is a mistake. Let the demand and supply rule the game. If the price wants to drop to 1.00 USD, just let it be. Dont be scared.

Maria.

[1713522818]

1713522818

[NO_SLAVE]

This from one rolling around in BTC.
You my dear are a real libertine!
what will be will be.

[Bit_Happy]

What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

[proudhon]

What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.

[Bit_Happy]

What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.

I don't think MtGox would do it, but did you see the buy orders get cancelled before the price hit ~$16.60?
I saw one earlier, for over 1000BTC (Near) 16.75. It was canceled before the price reached it.
With a real buy order, the person expects the market will be falling to reach that price....

Many of the orders were clearly "fake", IMO.

[TraderTimm]

It's back.

Last: 16.25

[TTBit]

What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.

I don't think MtGox would do it, but did you see the buy orders get cancelled before the price hit ~$16.60?
I saw one earlier, for over 1000BTC (Near) 16.75. It was canceled before the price reached it.
With a real buy order, the person expects the market will be falling to reach that price....

Many of the orders were clearly "fake", IMO.

"fake" may be a bad term, perfectly OK by me to bid $16.25 for 10,000 BTC if you are just trying to show demand and sell at $16.85 or so. It's Ok to show offers if you don't want to sell, but rather buy a few pennies lower.

However, if someone is bidding $16.25 for 10,000 when the market is $16.70, and have someone offer 20,000 at $16.25, that person bidding for 10,000 btc better eat them.

[jackjack]

What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.

I don't think MtGox would do it, but did you see the buy orders get cancelled before the price hit ~$16.60?
I saw one earlier, for over 1000BTC (Near) 16.75. It was canceled before the price reached it.
With a real buy order, the person expects the market will be falling to reach that price....

Many of the orders were clearly "fake", IMO.

Agreed
I demand delays between cancellation asks and cancellation applications

[kwukduck]

oh gosh... here we go again with the worthless topics....

[proudhon]

What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.

I don't think MtGox would do it, but did you see the buy orders get cancelled before the price hit ~$16.60?
I saw one earlier, for over 1000BTC (Near) 16.75. It was canceled before the price reached it.
With a real buy order, the person expects the market will be falling to reach that price....

Many of the orders were clearly "fake", IMO.

I've been talking about that for the past 2 days or so.  It was obviously somebody trying to pull the market down.

[datguywhowanders]

Are we sure that something didn't crash? Looking at the charts, it doesn't seem like the "halting" lasted very long.

[stic.man]

What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.

I don't think MtGox would do it, but did you see the buy orders get cancelled before the price hit ~$16.60?
I saw one earlier, for over 1000BTC (Near) 16.75. It was canceled before the price reached it.
With a real buy order, the person expects the market will be falling to reach that price....

Many of the orders were clearly "fake", IMO.

I've been talking about that for the past 2 days or so.  It was obviously somebody trying to pull the market down.

i thought the opposite

[proudhon]

What?
Are you talking about the fake demand, buy orders that got cancelled when the price fell near 16.60 and 16.50?
A bot could be made to cancel those orders in time as long as the market is falling slow. The rapid sell-off happened just below 16.50, when the fake support was gone.

So, what were you talking about?

I think she's talking about MtGox being frozen.

I don't think MtGox would do it, but did you see the buy orders get cancelled before the price hit ~$16.60?
I saw one earlier, for over 1000BTC (Near) 16.75. It was canceled before the price reached it.
With a real buy order, the person expects the market will be falling to reach that price....

Many of the orders were clearly "fake", IMO.

I've been talking about that for the past 2 days or so.  It was obviously somebody trying to pull the market down.

i thought the opposite

They were luring sellers into thinking there was liquidity and then moving/removing bids, which in effect frightened already scared sellers into selling even further into the bids for fear of larger drops, effectively lowering the price.

[swusc2]

"Don't let private businesses do what they want. Yeah! lets regulate MtGox."

Here is a solution. Go to another exchange.