Bitcoin Forum
November 24, 2017, 05:25:12 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Fake chinese trades?  (Read 1130 times)
EvilPanda
Hero Member
*****
Offline Offline

Activity: 658


Small Red and Bad


View Profile
November 22, 2013, 12:13:56 AM
 #1

I was watching the charts and about an hour ago there was a massive low sell followed by a buyout. http://bitcoinity.org/ went down by a 1000 CNY for a few minutes as someone sold more than 500 btc and immediately bought them back. I hope I'm wrong but it looks like some kind of price manipulation to increase the trade volume. Is that how their market works?

Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511544312
Hero Member
*
Offline Offline

Posts: 1511544312

View Profile Personal Message (Offline)

Ignore
1511544312
Reply with quote  #2

1511544312
Report to moderator
coreli
Jr. Member
*
Offline Offline

Activity: 56


View Profile
November 22, 2013, 01:18:14 AM
 #2

People who do massive dumps will generally get a friend to buy up their low sells.
joesmoe2012
Hero Member
*****
Offline Offline

Activity: 756


Ching-Chang;Ding-Dong


View Profile WWW
November 22, 2013, 01:36:11 AM
 #3

People who do massive dumps will generally get a friend to buy up their low sells.

then what would the point of trading on an exchange be?

lindatess
Full Member
***
Offline Offline

Activity: 140


View Profile
November 22, 2013, 02:59:00 AM
 #4

It's no conspiracy, that's why free markets don't work. That's why we have government regulation in the real world. The trades aren't fraudulent in an illegal sense because there is no regulation, but as you have stated, they are manipulative...

The point of trading on an exchange is to let the big sharks eat the small fish. The small fish don't care as long as they can transact. Then we should would ask why do some people make a big deal about central banks when it only affects the big sharks, the big players have the most to lose... An ordinary citizen with a small savings account is barely affected by central bank policies. They just cry out the loudest but they aren't the ones most affected by it.

theonewhowaskazu
Sr. Member
****
Offline Offline

Activity: 448


View Profile
November 22, 2013, 04:28:02 AM
 #5

It's no conspiracy, that's why free markets don't work. That's why we have government regulation in the real world.
Lol, and what doesn't work about them?

I'm so damn confused about everybody trolling about the BTCChina numbers its not even  funny. WHY are "free" trades necessarily "fake"? They aren't. At the most, the volume numbers are "fake". What ultimately matters is what you can buy BTC for and what you can sell BTC for. And there's no way of manipulating that.
Quote
The trades aren't fraudulent in an illegal sense because there is no regulation, but as you have stated, they are manipulative...
Only so manipulative as people let them be, because they like seeing patterns in charts. If you predicted your trades based on tea leaves, and I figured some weird-ass ways of making the leaves fall in some order, does that mean the government should regulate tea?
Quote
The point of trading on an exchange is to let the big sharks eat the small fish. The small fish don't care as long as they can transact.
And if they CAN transact, then nobody is 'eating' anybody else, but people are in fact getting what they want done, done.

m00x!
Member
**
Offline Offline

Activity: 91


View Profile
November 22, 2013, 06:05:13 AM
 #6

FREE MARKETS RULE!!!  We don't want government regulation.
EvilPanda
Hero Member
*****
Offline Offline

Activity: 658


Small Red and Bad


View Profile
November 22, 2013, 11:18:16 AM
 #7

It's no conspiracy, that's why free markets don't work. That's why we have government regulation in the real world. The trades aren't fraudulent in an illegal sense because there is no regulation, but as you have stated, they are manipulative...

I don't think outside regulations are necessary, but the thing is the chinese are trading without fees, which means they can move money between users manipulating the stock completely free of charge. Why would we care? Because all exchanges are affected by what happens in there and it feels like we are dancing to their music.

TheButterZone
Legendary
*
Offline Offline

Activity: 1974


Nemo me impune lacessit


View Profile WWW
November 22, 2013, 11:32:57 AM
 #8

The children can play in their exchange sandboxes, while the adults hold their BTC for sale at/around the ATH (like me) or $2500 USD/BTC (like luke-jr) or $10k/BTC (like coingenuity).

johnyj
Legendary
*
Offline Offline

Activity: 1834


Beyond Imagination


View Profile
November 22, 2013, 01:38:06 PM
 #9

As price rises, there is less and less need to sell a lot of coins

niothor
Hero Member
*****
Offline Offline

Activity: 546


Niothor


View Profile WWW
November 22, 2013, 01:59:51 PM
 #10

By fake you mean

EvilPanda
Hero Member
*****
Offline Offline

Activity: 658


Small Red and Bad


View Profile
November 22, 2013, 03:01:28 PM
 #11

By fake you mean

Grin They have a talent for that.

alexeft
Legendary
*
Offline Offline

Activity: 784


View Profile
November 25, 2013, 12:19:23 PM
 #12

I was watching the charts and about an hour ago there was a massive low sell followed by a buyout. http://bitcoinity.org/ went down by a 1000 CNY for a few minutes as someone sold more than 500 btc and immediately bought them back. I hope I'm wrong but it looks like some kind of price manipulation to increase the trade volume. Is that how their market works?

How do you know its manipulation and not just a whale selling off with big slippage, while another whale was waiting for that slippage to buy in?

Stop chasing ghosts  Shocked
troy112
Sr. Member
****
Offline Offline

Activity: 462



View Profile
November 25, 2013, 08:41:42 PM
 #13

It can be that person wants to move cash fast and doesn't care paying a premium.
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148


In Satoshi I Trust


View Profile WWW
November 25, 2013, 09:01:10 PM
 #14

some kind of price manipulation


of course this could be. its a free and unregulated market until today.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!