Price manipulation and market frontrunning at mcxnow.com

[Armchair Miner]

Just click on "Your XYZ Orders", and, voila, disruption gone. The 20% claim highly depends on your screen size and orientation

I haven't seen any pump or dump activity in the freakbin (not that I monitor it 24 hours a day). The freakbin is meant for REGULAR users of the exchange who have views that are typically offensive. It gives them an outlet which doesn't disrupt regular users and is in some ways a reward for being loyal members for so long. It's an attempt to make the exchange more professional. An attempt! I think with the recent payban introductions people have been self moderating fairly well.

If you really want to make mcxNOW more "professional"...
Could you please allow people to disable the Crack Box?

It takes up 20% of the screen space = MAXIMUM DISRUPTIVE...
It's hard to be more disruptive than Hiding Your Orders.

Simply make the buttons there STICKY...
If I click "Your MCX Orders" the Chat Box should be gone forever unless I want it.

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[Queegeh]

this is endless cashmaking on the expense of others

how is that different from any other market?  

[JarlMezentius]

As far as your 'Worst Case scenario' where one trader builds a buy wall, and through a few well placed small buys/sells they panic a crowd of people into selling or buying their shares or coins. That's absurd on it's face due to the amount of coin spent, immediately devalues the coin/share they have already invested in.

"immediately devalues the coin/share they have already invested in"

does not apply if prices bounce back reliably which is the case with mcxfee ... this is endless cashmaking on the expense of others

So ... if the price bounces back, what is your issue?

Prices fluctuate, that's the nature of a trade exchange. Smart traders buy low, sell high.

What basic concept of freedom of choice are you failing to grasp here?

No one is forcing you to trade. Trade has RISKS. You are aware of those risks when you invest.

mcxNOW makes it easy, and also allows people to have a piece of the profits for just hanging on for the ride. I don't get why you think this sort of thing is different from any other exchange in the world, crypto or fiat, other than you don't have to pay in over $500 to start a self directed trading account, on mcx.


-Jarl

[rix5]

you profit from it JarlMezentius, i know ...

[TheSpiral]

I haven't seen any pump or dump activity in the freakbin (not that I monitor it 24 hours a day). The freakbin is meant for REGULAR users of the exchange who have views that are typically offensive. It gives them an outlet which doesn't disrupt regular users and is in some ways a reward for being loyal members for so long. It's an attempt to make the exchange more professional. An attempt! I think with the recent payban introductions people have been self moderating fairly well.

If you really want to make mcxNOW more "professional"...
Could you please allow people to disable the Crack Box?

It takes up 20% of the screen space = MAXIMUM DISRUPTIVE...
It's hard to be more disruptive than Hiding Your Orders.

Simply make the buttons there STICKY...
If I click "Your MCX Orders" the Chat Box should be gone forever unless I want it.

Sounds fine to me, at least an "only system messages" option that only shows lottery drawings and bans (for fee calculation purposes)

[sumantso]

you profit from it JarlMezentius, i know ...

Somebody seems to have lost a lot of BTCs. Interesting to find one of the losers, all I found were people gloating how much they made and I kept wondering where all those who are losing them.

[rix5]

you profit from it JarlMezentius, i know ...

Somebody seems to have lost a lot of BTCs. Interesting to find one of the losers, all I found were people gloating how much they made and I kept wondering where all those who are losing them.

i also made a gain ... this is still manipulation and fraud and gains will be made in the future only by fewer and fewer people - those who are rich already and can afford staggering fake-orders ... all the 'normal' people with moderate stacks are just toyed with ... i think this is a problem for cryptos in general since this means: not much is gonna change through cryptos ... revolution over - back to gold and silver ... cryptos have been centralized already ...

[JarlMezentius]

you profit from it JarlMezentius, i know ...

Somebody seems to have lost a lot of BTCs. Interesting to find one of the losers, all I found were people gloating how much they made and I kept wondering where all those who are losing them.

i also made a gain ... this is still manipulation and fraud and gains will be made in the future only by fewer and fewer people - those who are rich already and can afford staggering fake-orders ... all the 'normal' people with moderate stacks are just toyed with ... i think this is a problem for cryptos in general since this means: not much is gonna change through cryptos ... revolution over - back to gold and silver ... cryptos have been centralized already ...

https://i.imgur.com/NaGJKBu.jpg

-Jarl

[JarlMezentius]

you profit from it JarlMezentius, i know ...

So what if I do?

That just makes me smarter than you. I was able to read the flow a little better than others. I didn't try to manipulate others, like you are doing. I used what's commonly referred to as my BRAIN.

-Jarl

[ravagetheearth]

Here is a little tip for you: When the troll box tells yous to sell...... don't. When the troll box tells you to buy...... don't. Simple, right? I have been trading on MCXNow for 7 months now and that exchange is ten times better AND safer than any other exchange out there (IMO).

So I guess you have never used Cryptsy then? Ever hear of headless?

Don't spread hate about MCXNow without actually spending time on another exchange. I'm sorry you listened to the troll box... I'm sorry that what goes on there also goes on on every other exchange... I think you should just get out of the game if you can't help but listen to what strangers tell you to do with your money on the internet. You definitely wont make any money that way.

you didnt understand that you loose to whales if you listen to trollbox or dont doesnt matter ... we are talking about marketmanipulation in the orderbook not bullshit spread in the chat ...

Yes and like I said this happens on every single exchange so I have no clue why you are singling out MCXNow. You just seem very inexperienced in the crypto world if you are really *SHOCKED* by this.

[rix5]

it is just not right ... on mcxnow it is because of the interface just very obvious ... something should be done about the bot-shit or cryptos may fail to become mainstream ...

[JarlMezentius]

i also made a gain ... this is still manipulation and fraud

Where? Where is the Fraud? No where, that's where. You've used THAT word too many times NOT to be called on it. The only FRAUD is your constant complaining about a 'problem' that doesn't exist. The only MANIPULATION are your personal attacks on individual users and constant harang of 'warnings' on the forums and in the troll box.

You just admitted to having Gained from your FRAUDS and LIES. Discussion over.

-Jarl

[rix5]

playing tricks on people to rip their money off is just fraud nothing else ... illusion fake-orders to control prices is just that ...

my gains where made honestly not by tricking someone into a bad trade ... one or few person gain here and a lot of people loose ... the average Joe is going to be ripped apart ...

[Queegeh]

playing tricks on people to rip their money off is just fraud nothing else ... illusion fake-orders to control prices is just that ...

my gains where made honestly not by tricking someone into a bad trade ... one or few person gain here and a lot of people loose ... the average Joe is going to be ripped apart ...

You can't trick someone into a bad trade, no one is forcing you to hit buy or sell. If you make an error of judgment when reviewing the information at your disposal then it's on your own fault.

I can say with some certainty that this is how even regulated markets behave, I have worked on a number of trading floors. Its not illegal for an individual to place a large buy or sell order and remove them because they have changed their mind. 

[JarlMezentius]

playing tricks on people to rip their money off is just fraud nothing else ... illusion fake-orders to control prices is just that ...

Like you are doing with your fear-mongering posts and personal attacks?

my gains where made honestly not by tricking someone into a bad trade ... one or few person gain here and a lot of people loose ... the average Joe is going to be ripped apart ...

Are you stating a fact or a statement of criminal intent on your part?

If it's a fact, cite your proof?

Tell me, who lost in your so called 'Honest Trades'? Who sold you a coin/share with/without thinking they were getting something of value in return?

Yes, people loose all the time. Some - Like ME for example - are retirees living on a fixed income. Some are college or high school kids with a supply of bitcoin or dollars in their wallets or trust funds. Some are business men/women who just want to invest a little.

The fact still remains, in order for YOU to gain ANYTHING, someone else had to lose it.

I am not going to be apologetic, for NOT losing, for being able to 'GUESS' what's happening with a coin or share, and i resent the implication that somehow I'm doing something bad, for the same behavior as EVERYONE ELSE on the best exchange on the net.

-Jarl

[teddyb797]

conspirators in the freakbin. Keep out! 



I bet there is more to come out ... possible even is far worse things happening there ...

they call it freakbin for a reason.

[rix5]

this is total anarchy ... why not everybody make a btc-service and run off with the money? It would be alright according to JarlMezentius ... there is no honesty in this ... not one bit ... total anarchy with NO morals ... and the fraudsters are bold enough to portrait themselves as the intelligent, good people and tell everybody to have the same kind of mindset ... i am sick of dishonest people with no morals like that ... the greed of some heavy-metal-hippies is destroying cryptos and make them unattractive to the world ... people like that work for the cause of the centralbanks and ursurpators ... this is antisocial poorness ... i have to quit cryptos if there is not a single honest and transparent exchange coming up which actually takes care of preventing trickery like that ... mcxnow has failed in recognizing this problem probably because they benefit from it themselves ...

an exchange not letting in 'big money' is going to be the next big success ... not mcxnow - they just pretending ...

no depth-chart in cryptoland is of any use now ... you always have to ask yourself 'is it the occult kabale again pretending to buy or sell or is it real?' ... this is just impossible to work on ...

[MarpleTrading]

it is just not right ... on mcxnow it is because of the interface just very obvious ... something should be done about the bot-shit or cryptos may fail to become mainstream ...

you profit from it JarlMezentius, i know ...

So what if I do?

That just makes me smarter than you. I was able to read the flow a little better than others. I didn't try to manipulate others, like you are doing. I used what's commonly referred to as my BRAIN.

-Jarl

[BitcoinEXpress]

Realsolid scamming?

Say it ain't so LOL.........

~BCX~

[JarlMezentius]

this is total anarchy ... why not everybody make a btc-service and run off with the money? It would be alright according to JarlMezentius ... there is no honesty in this ... not one bit ... total anarchy with NO morals ... and the fraudsters are bold enough to portrait themselves as the intelligent, good people and tell everybody to have the same kind of mindset ... i am sick of dishonest people with no morals like that ... the greed of some heavy-metal-hippies is destroying cryptos and make them unattractive to the world ... people like that work for the cause of the centralbanks and ursurpators ... this is antisocial poorness ... i have to quit cryptos if there is not a single honest and transparent exchange coming up which actually takes care of preventing trickery like that ... mcxnow has failed in recognizing this problem probably because they benefit from it themselves ...

an exchange not letting in 'big money' is going to be the next big success ... not mcxnow - they just pretending ...

no depth-chart in cryptoland is of any use now ... you always have to ask yourself 'is it the occult kabale again pretending to buy or sell or is it real?' ... this is just impossible to work on ...

1) You never answered the question of where your 'Proof' was regarding the 'Fraud' word, but yet you use it again.
2) The activity you condemn, is identical to the activity you yourself engage in, yet you fail to see that as ironic.
3) The proposal you make, is to actively discriminate against others based solely on their success or failure in the market place, yet you believe THEY, the ones you discriminate against, are ones being tyrannical.
4) You proport that freedom of choice is 'anarchy' as well as that we should should NOT be forced or required to have the mental facilities to make our own decisions, but that a decisive, authoritarian, oligarchy of mysticism, is preferable to open information regarding our futures.

Is there a technical term for this particular mental disorder you suffer from, or should I just refer to it in the vernacular 'Liberal Socialism', or the more common term 'Nazi-ism'? Perhaps you simply prefer the less inflammatory term 'Brain Damaged'.

In any event, there is no doubt as to where your issues with realsolid and myself stem from, a deep seated jealousy for some perceived difference in intelligence and ability to think clearly, especially during your epileptic style rants, but I truly see this as Your personal problem to deal with, not mine.

I wish you luck in your future endeavors.

-Jarl