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Author Topic: Were MtGox's reported even real?  (Read 483 times)
MoonShadow (OP)
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March 19, 2014, 11:49:30 PM
 #1

Looking at BitcoinWatch.com and Bitcoinaverage.com regularly since the collapse of MtGox, I've come to question whether or not their reported trade volume was even real towards the end, or if they had done something underhanded to prop up their status as the 'premier' bitcoin currency exchange.  If so, for how long has this been going on?  I have long suspected that the role of speculation within the bitcoin economy isn't nearly as significant as it appeared, but now I suspect that it wasn't even real for some time.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
Spendulus
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March 20, 2014, 01:09:59 AM
 #2

Looking at BitcoinWatch.com and Bitcoinaverage.com regularly since the collapse of MtGox, I've come to question whether or not their reported trade volume was even real towards the end, or if they had done something underhanded to prop up their status as the 'premier' bitcoin currency exchange.  If so, for how long has this been going on?  I have long suspected that the role of speculation within the bitcoin economy isn't nearly as significant as it appeared, but now I suspect that it wasn't even real for some time.
https://www.youtube.com/watch?v=y8vCj4DOsHc
MoonShadow (OP)
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March 20, 2014, 01:34:40 AM
 #3

Looking at BitcoinWatch.com and Bitcoinaverage.com regularly since the collapse of MtGox, I've come to question whether or not their reported trade volume was even real towards the end, or if they had done something underhanded to prop up their status as the 'premier' bitcoin currency exchange.  If so, for how long has this been going on?  I have long suspected that the role of speculation within the bitcoin economy isn't nearly as significant as it appeared, but now I suspect that it wasn't even real for some time.
https://www.youtube.com/watch?v=y8vCj4DOsHc

That's 3 minutes of my lifespan I can never get back.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
Sindelar1938
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March 20, 2014, 03:44:01 AM
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Towards the end vols were almost certainly distorted

Spendulus
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March 20, 2014, 04:13:22 AM
 #5

Looking at BitcoinWatch.com and Bitcoinaverage.com regularly since the collapse of MtGox, I've come to question whether or not their reported trade volume was even real towards the end, or if they had done something underhanded to prop up their status as the 'premier' bitcoin currency exchange.  If so, for how long has this been going on?  I have long suspected that the role of speculation within the bitcoin economy isn't nearly as significant as it appeared, but now I suspect that it wasn't even real for some time.
https://www.youtube.com/watch?v=y8vCj4DOsHc

That's 3 minutes of my lifespan I can never get back.
Please explain.  Like, it's terrible or what?
MoonShadow (OP)
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March 20, 2014, 04:59:11 AM
 #6

Looking at BitcoinWatch.com and Bitcoinaverage.com regularly since the collapse of MtGox, I've come to question whether or not their reported trade volume was even real towards the end, or if they had done something underhanded to prop up their status as the 'premier' bitcoin currency exchange.  If so, for how long has this been going on?  I have long suspected that the role of speculation within the bitcoin economy isn't nearly as significant as it appeared, but now I suspect that it wasn't even real for some time.
https://www.youtube.com/watch?v=y8vCj4DOsHc

That's 3 minutes of my lifespan I can never get back.
Please explain.  Like, it's terrible or what?

Just stupid.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
Bit_Happy
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March 20, 2014, 08:09:39 AM
 #7

BTC Volume is very low now because the markets are not moving.

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