adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 05, 2013, 01:44:49 AM |
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Lots of really good news coming out recently. I'm looking for some bumps upward in the coming week!
Aren't we all? I'm not sure if Adam is still in his wishful thinking bear mode. So maybe not him? Adam say it aint so? all the good news lately is what will bring the price down. you expect the price to rise because of good news, the good news comes and goes, price dosnt move up... shortly after price drops like a rock. |
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zoinky
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January 05, 2013, 01:45:54 AM |
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Don't go to bed too early tonight. I smell a dump.
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SlaveInDebt
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January 05, 2013, 01:57:21 AM |
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"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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Kupsi
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Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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January 05, 2013, 02:10:57 AM |
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Adam, get back inyto the game on monday!
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fcmatt
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Activity: 2072
Merit: 1001
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January 05, 2013, 02:17:25 AM |
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what is stopping a bitcoin exchange from raising the ask price by a few cents? thus they skim a few cents from every
transaction on top of the fees? it does not have to be the the very highest asks as that would be obvious but the ones
below that which is not as easily spotted by a user or even multiple users. thus a nice sized transaction of 20 bitcoins
would result in some of these unfairly raised asks getting snapped up.
do you follow me? how do we know it is really fair with no audits?
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Luno
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January 05, 2013, 02:30:23 AM |
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Exchanges have obligations. In Wall Street the Staff traders are obliged to trade in period of low volume at a loss. You don't want a share to have no trade for half a day sending it down for no reason. They do other tricks on good days to recoup.
Gox could be doing similar things in good intent. If Gox had only a few trades for a day people would get worried.
Intersango Didn't do cosmetic trades and they looked like a disaster about to happen some days.
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Spaceman_Spiff
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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January 05, 2013, 03:14:14 AM |
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do you follow me? how do we know it is really fair with no audits?
Because you can see your orders in an order book. |
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fcmatt
Legendary
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Activity: 2072
Merit: 1001
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January 05, 2013, 03:30:59 AM |
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do you follow me? how do we know it is really fair with no audits?
Because you can see your orders in an order book. sure you can see YOUR orders. and even your friends orders if they tell you the info. but all an exchange has to do is place a few orders ahead of yours for a few cents more. a person buys the fake orders for a higher price and yours are actually sold. the exchange skims those few cents. and lets face it.. where are you getting this info from? oh yea.. the exchanges api which they fully control... maybe my idea is not phrased right or properly but i am sure everyone here gets the gist of it. |
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adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 05, 2013, 03:34:38 AM |
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do you follow me? how do we know it is really fair with no audits?
Because you can see your orders in an order book. sure you can see YOUR orders. and even your friends orders if they tell you the info. but all an exchange has to do is place a few orders ahead of yours for a few cents more. a person buys the fake orders for a higher price and yours are actually sold. the exchange skims those few cents. and lets face it.. where are you getting this info from? oh yea.. the exchanges api which they fully control... maybe my idea is not phrased right or properly but i am sure everyone here gets the gist of it. MtGox conspiracy theory  |
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fcmatt
Legendary
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Activity: 2072
Merit: 1001
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January 05, 2013, 03:41:43 AM |
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do you follow me? how do we know it is really fair with no audits?
Because you can see your orders in an order book. sure you can see YOUR orders. and even your friends orders if they tell you the info. but all an exchange has to do is place a few orders ahead of yours for a few cents more. a person buys the fake orders for a higher price and yours are actually sold. the exchange skims those few cents. and lets face it.. where are you getting this info from? oh yea.. the exchanges api which they fully control... maybe my idea is not phrased right or properly but i am sure everyone here gets the gist of it. MtGox conspiracy theory i carefully avoided mentioning any exchange by name. this is hypothetical. but i would bet my left nut some exchange has done it. |
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SlaveInDebt
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January 05, 2013, 03:49:57 AM |
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do you follow me? how do we know it is really fair with no audits?
Because you can see your orders in an order book. sure you can see YOUR orders. and even your friends orders if they tell you the info. but all an exchange has to do is place a few orders ahead of yours for a few cents more. a person buys the fake orders for a higher price and yours are actually sold. the exchange skims those few cents. and lets face it.. where are you getting this info from? oh yea.. the exchanges api which they fully control... maybe my idea is not phrased right or properly but i am sure everyone here gets the gist of it. MtGox conspiracy theory LMAO Adam my gold hat is firm and fitted.  |
"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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robocoin
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January 05, 2013, 01:29:55 PM |
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do you follow me? how do we know it is really fair with no audits?
Because you can see your orders in an order book. sure you can see YOUR orders. and even your friends orders if they tell you the info. but all an exchange has to do is place a few orders ahead of yours for a few cents more. a person buys the fake orders for a higher price and yours are actually sold. the exchange skims those few cents. and lets face it.. where are you getting this info from? oh yea.. the exchanges api which they fully control... maybe my idea is not phrased right or properly but i am sure everyone here gets the gist of it. You want more regulation I think. Not unreasonable, but as long Bitcoin is somewhat of wild west, a regulatory instance won't be installed, we have bigger problems. For example the massive market share of MtGox itself. To get more transparency we need more competition. Bla bla bla, this is also not the biggest problem at all. For now I have no problem to trust Mt.Gox. |
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Spaceman_Spiff
Legendary
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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January 05, 2013, 02:26:33 PM |
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do you follow me? how do we know it is really fair with no audits?
Because you can see your orders in an order book. sure you can see YOUR orders. and even your friends orders if they tell you the info. but all an exchange has to do is place a few orders ahead of yours for a few cents more. a person buys the fake orders for a higher price and yours are actually sold. the exchange skims those few cents. and lets face it.. where are you getting this info from? oh yea.. the exchanges api which they fully control... maybe my idea is not phrased right or properly but i am sure everyone here gets the gist of it. I might be wrong, but this makes no sense to me. So say you are selling, and when they receive a buy order that would have reached my sell limit, but they sell their stuff cheaper instead. Now what ? My order still stands, I still have my bitcoins. The buying guy just got his bitcoins cheaper. If my bitcoins were sold, but the exchange will give them back to me, they need a mechanism to get newer ones cheaper, I don't see a foolproof mechanism for that. If they weren't going to give them back to me in the first place, why bother with the exchange shenanigans at all, why not just run away with customers deposits. The worst I think they could do is, if someone places a big "limit" order (one that would immediately result in some transactions), is to resolve all the intermediary orders before the limit order clears, and then place their own order at the limit (for the amount of intermediary orders that they cleared), making the guy pay fully (instead of getting the cheaper intermediary stuff), while they make the difference. With a "market" order you could make this even nastier of course. But for mtgox, I can see that the intermediate orders are resolved when my order clears, so I see no foul play |
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xxjs
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January 06, 2013, 03:36:50 AM |
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On an echange with stop loss orders, someone with inside information (there would always be someone who could see them) could trigger a downward spike when the traders are off guard, and take advantage of that. I don't think mtgox has stop loss orders.
If you implemet a stop loss order locally with your own bot, there would be no problem of course.
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420
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January 06, 2013, 08:09:03 PM |
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Time to dump.
 +1 lol wall thread rule violation |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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Yuhfhrh
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January 06, 2013, 09:20:22 PM |
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What makes me sad is all of this stability is causing my mtgox trading fees to rise! I hope we can get some action soon.  |
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420
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January 06, 2013, 09:38:45 PM |
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What makes me sad is all of this stability is causing my mtgox trading fees to rise! I hope we can get some action soon. I second that wall pic please? |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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myself
Legendary
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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January 06, 2013, 09:51:01 PM |
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wall pic please?
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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Yuhfhrh
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January 06, 2013, 10:26:07 PM |
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Lol
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gimme_bottles
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January 06, 2013, 10:47:32 PM |
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wall pic please?
i would love to see a bid wall that massive  |
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