Bitcoin Forum
June 28, 2017, 02:21:26 AM *
News: Latest stable version of Bitcoin Core: 0.14.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: How MtGox is manipulating the market  (Read 1129 times)
wooyas
Newbie
*
Offline Offline

Activity: 2


View Profile
November 02, 2011, 02:53:52 PM
 #1

http://img412.imageshack.us/img412/1655/spike3.png

Uploaded with ImageShack.us
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Fiyasko
Legendary
*
Offline Offline

Activity: 1428


Okey Dokey Lokey


View Profile
November 02, 2011, 02:54:54 PM
 #2

Dude, They're called Bot Bidwalls
Get used to it, EVERYONE does it, Whats SO BAD if MT.Gox users put up thier own bot bidwalls
Seriously.

http://bitcoin-otc.com/viewratingdetail.php?nick=DingoRabiit&sign=ANY&type=RECV <-My Ratings
https://bitcointalk.org/index.php?topic=857670.0 GAWminers and associated things are not to be trusted, Especially the "mineral" exchange
Gabi
Legendary
*
Offline Offline

Activity: 1050


View Profile
November 02, 2011, 03:03:46 PM
 #3

ultima
Member
**
Offline Offline

Activity: 96


View Profile
November 02, 2011, 03:19:00 PM
 #4

How is this manipulation?
wooyas
Newbie
*
Offline Offline

Activity: 2


View Profile
November 02, 2011, 10:50:10 PM
 #5

This is manipulation because the price $3.44 for BTC didnt happen today. It looks like the price is skyrocketing when it isn't. This is false signal to buy.

http://img213.imageshack.us/img213/2793/manipulationo.png

Uploaded with ImageShack.us
Flyers66
Newbie
*
Offline Offline

Activity: 19


View Profile
November 02, 2011, 10:57:59 PM
 #6

They are not manipulating the market.. read up more about it before you speak out like this!!
Dan The Man
Hero Member
*****
Offline Offline

Activity: 532


Primalbase


View Profile
November 02, 2011, 11:00:50 PM
 #7

I saw it too, but my gut reaction was that it was a glitch somewhere. Still not very confidence inspiring. Either way, the actual price was never that close to 3.4 today and the sell orders never got cleared away anywhere close to that value.


      ▄███████████████████████
    ▄█████████████   █████████
  ▄███████████████▄▄▄█████████
▄█████████████████████████████
██   ███   ███████████████████
██▄▄▄███▄▄▄███████████████████
█████████████████████████▀▀▀██
█████████████████████████   ██
██████████████████████████████
██▀▀▀███▀▀▀█████████▀▀▀██▀▀▀██
██   ███   █████████   ██   ██
██████████████████████████████
██████████████▀▀▀███▀▀▀██▀▀▀██
██████████████   ███   ██   ██
██████████████████████████████
.primalbase.





                 ▄████▄▄    ▄
██             ████████████▀
████▄         █████████████▀
▀████████▄▄   █████████████
▄▄█████████████████████████
██████████████████████████
  ▀██████████████████████
   █████████████████████
    ▀█████████████████▀
      ▄█████████████▀
▄▄███████████████▀
   ▀▀▀▀▀▀▀▀▀▀▀

         ▄▄██████████▄▄
      ▄██▀▀          ▀▀██▄
    ██▀                  ▀██▄
  ▄█▀                      ▀██
 ██▀                        ▀██
▐█▌                          ▐█▌
██ ██ ██ ▐█ ██ ██ ▐█ ██ ██  █ ██
██  █▄█▐▌█▌  █▄█▐▌█▌  █▄█▐▌█▌ ██
██  ▐█  ██   ▐█  ██   ▐█  ██  ██
 ██                          ██▀
 ▀██                        ██▀
   ██▄                    ▄██
    ▀██▄▄               ▄██▀
       ▀▀██▄▄▄▄▄▄▄▄▄▄▄██▀
           ▀▀▀▀▀▀▀▀▀▀▀


Snapman
Sr. Member
****
Offline Offline

Activity: 291


BTCRadio Owner


View Profile WWW
November 02, 2011, 11:02:07 PM
 #8

This is a pretty big accusation without any hard proof...

BTCRadio: 17cafKShokyQCbaNuzaDo5HLoSnffMNPAs
Dan The Man
Hero Member
*****
Offline Offline

Activity: 532


Primalbase


View Profile
November 02, 2011, 11:04:06 PM
 #9

This is a pretty big accusation without any hard proof...
hardly the craziest story I've read on an internet forum though


      ▄███████████████████████
    ▄█████████████   █████████
  ▄███████████████▄▄▄█████████
▄█████████████████████████████
██   ███   ███████████████████
██▄▄▄███▄▄▄███████████████████
█████████████████████████▀▀▀██
█████████████████████████   ██
██████████████████████████████
██▀▀▀███▀▀▀█████████▀▀▀██▀▀▀██
██   ███   █████████   ██   ██
██████████████████████████████
██████████████▀▀▀███▀▀▀██▀▀▀██
██████████████   ███   ██   ██
██████████████████████████████
.primalbase.





                 ▄████▄▄    ▄
██             ████████████▀
████▄         █████████████▀
▀████████▄▄   █████████████
▄▄█████████████████████████
██████████████████████████
  ▀██████████████████████
   █████████████████████
    ▀█████████████████▀
      ▄█████████████▀
▄▄███████████████▀
   ▀▀▀▀▀▀▀▀▀▀▀

         ▄▄██████████▄▄
      ▄██▀▀          ▀▀██▄
    ██▀                  ▀██▄
  ▄█▀                      ▀██
 ██▀                        ▀██
▐█▌                          ▐█▌
██ ██ ██ ▐█ ██ ██ ▐█ ██ ██  █ ██
██  █▄█▐▌█▌  █▄█▐▌█▌  █▄█▐▌█▌ ██
██  ▐█  ██   ▐█  ██   ▐█  ██  ██
 ██                          ██▀
 ▀██                        ██▀
   ██▄                    ▄██
    ▀██▄▄               ▄██▀
       ▀▀██▄▄▄▄▄▄▄▄▄▄▄██▀
           ▀▀▀▀▀▀▀▀▀▀▀


Immanual Go
Newbie
*
Offline Offline

Activity: 26


Really I'm Atlas!


View Profile WWW
November 02, 2011, 11:31:17 PM
 #10

Its pretty obvious that MTG:OX puts up their own bidwalls to drive the market any way they want. They are not audited or have any over-site whatsoever. Bitcoin is the wild west and they are free to do as they wish. No one can stop them.

Founder of Woolong Financial
Dan The Man
Hero Member
*****
Offline Offline

Activity: 532


Primalbase


View Profile
November 02, 2011, 11:59:05 PM
 #11

Its pretty obvious that MTG:OX puts up their own bidwalls to drive the market any way they want. They are not audited or have any over-site whatsoever. Bitcoin is the wild west and they are free to do as they wish. No one can stop them.

But that would not explain how the price shot through the order walls to a value that it never actually attained.


      ▄███████████████████████
    ▄█████████████   █████████
  ▄███████████████▄▄▄█████████
▄█████████████████████████████
██   ███   ███████████████████
██▄▄▄███▄▄▄███████████████████
█████████████████████████▀▀▀██
█████████████████████████   ██
██████████████████████████████
██▀▀▀███▀▀▀█████████▀▀▀██▀▀▀██
██   ███   █████████   ██   ██
██████████████████████████████
██████████████▀▀▀███▀▀▀██▀▀▀██
██████████████   ███   ██   ██
██████████████████████████████
.primalbase.





                 ▄████▄▄    ▄
██             ████████████▀
████▄         █████████████▀
▀████████▄▄   █████████████
▄▄█████████████████████████
██████████████████████████
  ▀██████████████████████
   █████████████████████
    ▀█████████████████▀
      ▄█████████████▀
▄▄███████████████▀
   ▀▀▀▀▀▀▀▀▀▀▀

         ▄▄██████████▄▄
      ▄██▀▀          ▀▀██▄
    ██▀                  ▀██▄
  ▄█▀                      ▀██
 ██▀                        ▀██
▐█▌                          ▐█▌
██ ██ ██ ▐█ ██ ██ ▐█ ██ ██  █ ██
██  █▄█▐▌█▌  █▄█▐▌█▌  █▄█▐▌█▌ ██
██  ▐█  ██   ▐█  ██   ▐█  ██  ██
 ██                          ██▀
 ▀██                        ██▀
   ██▄                    ▄██
    ▀██▄▄               ▄██▀
       ▀▀██▄▄▄▄▄▄▄▄▄▄▄██▀
           ▀▀▀▀▀▀▀▀▀▀▀


finway
Hero Member
*****
Offline Offline

Activity: 714


View Profile
November 03, 2011, 01:14:05 AM
 #12

The problem is :

There's no usage restriction on
both BTCs and USDs that people storing in MTGOX,

they can sell high buy low earing BTCs,
or they can buy low sell high earing USDs.

You know in a real BANK, or a real STOCK EXCHANGE,
you can't use people's USDs or STOCKs like this (highly dangerous movement),
and you must pay intrests.


Bricolage
Newbie
*
Offline Offline

Activity: 14



View Profile
November 03, 2011, 03:00:14 AM
 #13

They are not manipulating the market.. read up more about it before you speak out like this!!

You must be here because of being band also, Flyers66. The reason I state that is because of your post count of 3 and seem to know what you're talking about. I do, though, have to respectfully disagree with your position.

Nikki the Bitch (I may fall in love with this account)

Nikki the Bitch will help bring this forum back to a reputable position.
PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518



View Profile
November 03, 2011, 03:20:39 AM
 #14

Fail.

I notice worse (freaky) activity on other exchanges where random or non-existent trades occur.  This looks pretty dull.

Do you also check the sequence of trades, monitor depth and identify who is buying and selling?

As I said, MtGox trading looks dull.
RyNinDaCleM
Legendary
*
Offline Offline

Activity: 2156


Legen -wait for it- dary


View Profile
November 03, 2011, 03:58:57 AM
 #15

This isn't the first time this has happened. A few months ago, in the midst of heavy trading, we saw this same thing. It was deemed a glitch in Gox's polling, and forgotten. No orders were filled then or now.

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!