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Bitcoin Forum > Economy > Economics > Speculation > Someone is trying to manipulate the market (Mt.Gox) and are successful...
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Jixtreme
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September 23, 2011, 01:50:24 AM
 #41
Quote from: Minsc on September 23, 2011, 01:45:09 AM
Today was an awful day for speculators because the price just stagnated.  I hope tommorow it will do its weekend drop.

haha, so a high/low diff of 8% is stagnation now, is it? 

Welcome to Bitcoin, folks Grin
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Minsc
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September 23, 2011, 05:21:01 AM
 #42
Quote from: Jixtreme on September 23, 2011, 01:50:24 AM
Quote from: Minsc on September 23, 2011, 01:45:09 AM
Today was an awful day for speculators because the price just stagnated.  I hope tommorow it will do its weekend drop.

haha, so a high/low diff of 8% is stagnation now, is it? 

Welcome to Bitcoin, folks Grin

Those are the very edge of wild swings.  The price has been 5.50 the whole time with only a 1% difference (about 10 cents) in either way both times.
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September 23, 2011, 08:40:44 AM
 #43
weekend is coming, during the weekend, it will swing more, because daytime stock trader has nothing else better to do on weekend, so wait and see
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September 23, 2011, 08:44:08 AM
 #44
Every order "manipulates" the market.
Frozenace
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September 23, 2011, 11:23:12 AM
 #45
It's easier to manipulate btc than it is the stock market, for obvious reasons.

Relatively, it doesn't really take that much money to move the price either way.
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