The Real Story | What is considered manipulation?

[zby]

To be perfectly honest, it's funny to watch the Speculation board after I run transactions on Mt. Gox.  Everyone thinks they know what happened and come up with these crazy ideas as to who is manipulating the market.  I guess that's why it's here.

The truth is, it's nothing more than trading.  We all try to get the best price for our USD/BTC trades.  Why it's called manipulation when I trade thousands at a time vs hundreds I don't know.  Maybe it's the fact that the market really isn't that big and feels like it's being "controlled" by these large transactions.  Should I not trade anymore? If you played with the same volume I do, you'd see that building a "wall" to add support allows you to pick up or sell more coins at a better price.  It's really that simple.

So tell me, is it REALLY manipulation?

So you did not try to prop the price - you were only buying coins?  So you did not believe the signs showing that it is going down and you would be able to buy them cheaper?  Or you just needed them immediately?  I assumed that someone with this amount of money would subscribe to the S3052 newsletter. 

[imsaguy]

I assumed that someone with this amount of money would subscribe to the S3052 newsletter. 

Someone handling the amount of btc that pirate is handling doesn't need a tea leaf reader.

[vragnaroda]

I assumed that someone with this amount of money would subscribe to the S3052 newsletter. 

http://lolwut.com/layout/lolwut.jpg

[pirateat40]

To be perfectly honest, it's funny to watch the Speculation board after I run transactions on Mt. Gox.  Everyone thinks they know what happened and come up with these crazy ideas as to who is manipulating the market.  I guess that's why it's here.

The truth is, it's nothing more than trading.  We all try to get the best price for our USD/BTC trades.  Why it's called manipulation when I trade thousands at a time vs hundreds I don't know.  Maybe it's the fact that the market really isn't that big and feels like it's being "controlled" by these large transactions.  Should I not trade anymore? If you played with the same volume I do, you'd see that building a "wall" to add support allows you to pick up or sell more coins at a better price.  It's really that simple.

So tell me, is it REALLY manipulation?

So you did not try to prop the price - you were only buying coins?  So you did not believe the signs showing that it is going down and you would be able to buy them cheaper?  Or you just needed them immediately?  I assumed that someone with this amount of money would subscribe to the S3052 newsletter. 

I trade 300k+ BTC a month.  Buying/Selling for me is not something I need a speculator to help me with.

[molecular]

I assumed that someone with this amount of money would subscribe to the S3052 newsletter. 

Maybe someone with this amount of money writes the S3052 newsletter ^^

[notme]

I assumed that someone with this amount of money would subscribe to the S3052 newsletter. 

facepalm

[zby]

I assumed that someone with this amount of money would subscribe to the S3052 newsletter. 

facepalm

I would not dismiss the impact of the newsletter like that.  The subscription is nothing significant if you trade 300K a month - but many people subscribe to it and I've seen how the market moved just after it was sent.

Anyway - my point was that it was a very contrarian move to try prop the price at that point - but yeah - with 300K maybe it was possible to revert the trend.