Watch how manipulation is done at Mt.GOX

[GreenDude]

After gox confirmed BTC withdrawals are gonna be working next days and they have improved many aspect of their platform here u can see how manipulators push prices down to buy cheap before withdrawals start working. Suddenly some of them will buy ONLY (because is not really much) a Million or a few M. dollars.. and prices will rise fast and furious Don't say i didn't warn if u get 300-400-500 dolars per bitcoin when they are worth now about 650$ and in a few weeks over $800

Edit: Just in case u are new and can't see what is happening there.. Microsells are being made in order to make it look that people keep selling and show everything red.. at the same time sell orders constantly appear, as u can see those sell orders are the 90% same amounts.. In simple words they creat artificially a down/panic/sell enviroment to check if noobs sell to them their BTC before gox open withdrawals and prices go back to 700+ levels.. This plus the fact that traders and another guys know this so they "participate" in this artificial enviroment selling/contributing to this with the hope they also will be able to buy at lower prices.

If this helps to understand u can donate here 1PrXzRhGY6gcLypp9kmMGPWNkyPGrwsZiD

[fonzie]

Well in case you haven´t noticed. There was a bot selling between 150-320 BTC every 5 minutes a hole day long when it went down to 200. Before that it was 20-50BTC every 5 minutes for at least for 3-4 days.

[GreenDude]

Yep.. And to clarify that bot wasn't just selling.. was selling to his own walls/themselves.. maybe someone could think this is stupid but is not.. They "invest" those BTC to drive prices down.. selling to themselves (how you do this? Well.. 2 or more trading accounts).. and on the ways down also panic sellers/noobs/little fishes sell also to them at those cheap prices. So at the end they have a lot of cheap BTC. Not to mention that they pay a low trade fee because of the huge volume they trade.

[fonzie]

Yep.. And to clarify that bot wasn't just selling.. was selling to his own walls/themselves.. maybe someone could think this is stupid but is not.. They "invest" those BTC to drive prices down.. selling to themselves (how you do this? Well.. 2 or more trading accounts).. and on the ways down also panic sellers/noobs/little fishes sell also to them at those cheap prices. So at the end they have a lot of cheap BTC. Not to mention that they pay a low trade fee because of the huge volume they trade.

So, do yout think that beside his own buy orders that he sold into there were no buy walls@ all on the way down.
This strategy might work good if you try to push the price through a certain level in a range of let´s 30-50$ especially @pschological barriers (e.g. 500$) but if the range get´s wider it would become highly
unprofitable due to the fact that there are so many real bids.

[MoreFun]

You don't need 2 accounts to sell to yourself.

[GreenDude]

OFC this can't be done if there is no relevant bad news.. This time this was possible just because of the "GOX" moment and all this uncertain and bad news. Ofc this can't be done with good news. U create panic a fire and u have all the sheeps running in the same direction.. plus if there is a shepherd  like those bots selling all the time+plus daytraders yelling sell sell this is the end!

[GreenDude]

Thx MoreFun That makes it even easier for them i guess. And fonzie ofc there is also some real bids.. that's why i said they "invest" to drive prices down. They are pro.. they make the maths. AT the end they win.. a lot. Plus when this auto-sells start.. there is not only auto sells.. sheeps start selling also+traders expecting to contribute and buy lower also.

[AmazonStuff]

[notme]

Or, you know, when my bot's bid gets hit, it immediately places an ask.  There are many such bots.  But conspiracy and manipulation is more intriguing I suppose.

[piyany]

Do not get fooled. This is all price manipulation.

There is no mysterious investor with 200,000 btc who went into panic mode and uses a bot to get rid of them. That sounds so retarded. Who would in the first place keep so much in this shady incompetent exchange?

I see it this way. Gox is dominated by bunch of heavy whales. They got majority of money on the exchange and majority of btc. They know Gox employees and get insider info on what's going on. Maybe even classified informaion about amounts of cash and btc on the exchange.

They kill the price by selling to themselves. Other people panic and dump. They slowly pick those coins. Profit. Huge profit. They probably have reduced fees for trading anyway.

When everything gets to normal the only result will be more cheap coins in the hands of the whales. Gox users fleeced. No arbitrage. We will be back in bull market.

Gox was dead months ago. For buyers- why pay $100 more? For sellers- no easy way to get substantial money back (maybe excluding Japan). There was really no organic volume in last months. Only whale movements setting overpriced price range so little fish can buy for higher price to get out of this hellhole.  

[Cluster2k]

I love all these brand new accounts posting deep analysis about how the price of bitcoin is being manipulated on MtGox and how it should be so much higher.  Sounds like they have bitcoins there and are a little nervous right now.  We had a price bounce for GoxCoins after MtGox announced they promise to fix everything soon, but the bounce has turned into a whimper.  I guess it's all manipulator's fault.

[GreenDude]

Im not brand new on bitcoin.. i just talk when i think is necessary.. not like others who just come to others topic to attack, do personal comments in order to what? have a bigger post amount? pretend to be smart? because u are one of these manipulators?  My btc are on stamp and the other half in NXT.. atleast i do analisis based on concrete things.. not in wild and stupid guesses like you.
The term goxcoin is another manipulator, speculator term. Basically that's you.

[GeniuSxBoY]

Simply placing bids and sells is manipulation?

The object of the game is to make money/btc. Last time I checked, fucking with people's heads using bid walls and big sells were fair game.

[Cluster2k]

The term goxcoin is another manipulator, speculator term. Basically that's you.

I'm actually quite honoured to be accused of being a or even the manipulator  

Putting in small bids and asks for the same amount over and over again has been done for many years on MtGox and other exchanges.  If as you say, GreenDude, you've been in bitcoin for a long time, you would have known that.  

The term GoxCoin is quite apt as we have the same commodity (bitcoin) trading at vastly different prices across exchanges.  That doesn't happen in a healthy market.  Right now people are buying and selling promises that MtGox will make good on its promises.  I think MtGox will pull through and prices will stabilise across all exchanges, but at the moment there's a more than 50% discount on bitcoins at MtGox.  That suggests doubt in the marketplace is very high.

[GreenDude]

Im showing how manipulation is done because i've seen desperate people. But clusted u are just anther of the many ego's and smart guys who believe that the fact of having a 2 years account on bitcointalk and 900 post means that u are some kind of vet or pro. I think u are just a fat guy who eats lots of pizza and believes is a pro.

And Genius.. BTC is not supposed to be a game.. that's the way manipulators think. That kind of thought are the biggest threat to BTC.
And yo are not fucking with people's mind.. you are fucking with people's life, and those people have a family.. that means you are fucking with them and their families. I've got a lot of profit thx to bitcoin but i can say i've never manipulated or lied to earn the money/btc. Can you?

I started this topic because i've read people in panic and even read about one getting divorced for losing money. This is not a game.. and if you think it is.. i think the fucked up mind is your mind.

[derpinheimer]

Simply placing bids and sells is manipulation?

The object of the game is to make money/btc. Last time I checked, fucking with people's heads using bid walls and big sells were fair game.

Its still called manipulation... 

Not that I think this is a big deal. Nothing like the manipulation these markets saw 6 months ago.

[fonzie]

Simply placing bids and sells is manipulation?

The object of the game is to make money/btc. Last time I checked, fucking with people's heads using bid walls and big sells were fair game.

Its still called manipulation... 

Not that I think this is a big deal. Nothing like the manipulation these markets saw 6 months ago.

Well the downfall of Gox was quite impressive.

[Miz4r]

The bot that has been pushing the price down almost singlehandedly on MtGox is clearly a big whale manipulator. If you are a whale with 150-200k coins on MtGox (which is about the amount this bot has sold so far) why would you cause a panic like that and lose out on many millions of dollars that way? It's tempting to believe it's MtGox itself that has been doing this or maybe they're paying their richest whale to do this to crash the price and achieve a couple of things:

1) increase trading volume > more fees for MtGox
2) bait people to send fiat to Gox to buy cheap coins
3) just before btc withdrawals are being restored again the same rich bot now with lots of fiat will start buying coins again driving the price back up until it's higher than stamp and btc-e. And then MtGox can lift all btc withdrawal limits again because the high bitcoin price prevents an immediate bank run where everyone withdraws their BTC at the same time.

Usually I'm not really the conspiracy nut type but it all seems so logical to me. People will go to great lengths to save their own business.

[Elwar]

Whenever I want to buy or sell a lot of BTC I usually use small amounts at a time, though I do it manually.

If I were to sell 20 BTC at once, the price would drop as I sell and I would end up selling at low prices only to have the price climb back up to where it was.

If I sell in small increments of .2, .3, etc. The order gets picked up at the current price and I can continue to do so without much affect on the price.

Though I tend to try to randomize the numbers so it does not appear like it is one person selling a lot. But it would be easier to just keep repeating the same amount over and over, it likely does not matter that I randomize it.

I only do big buys or sells all at once when the price is moving quickly and I want to get my orders in before a direction change.

[GeniuSxBoY]

Nobody is forcing you to buy or sell into Gox's manipulation. If your gullibility, despite your recognition of manipulation, causes you losses over the short term, that is your bust.

However, there is equal opportunity,--if you believe you know what he's doing-- to sell your coins and buy into the manipulation and profit.

Nothing is stopping you from selling high and buying low.

You just have to guess right, just like you'd have to do without a manipulator.