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Author Topic: Virwox  (Read 1726 times)
deathnetworks
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May 21, 2011, 07:47:05 AM
 #1

Just wanting to post on here to see if the person/person's who are devaluing the bitcoin on Virwox will listen, the price was a nice steady 1900-2000SLL or about £4.75ish each. Then who ever this person/person's are have been continuously trying to out do each other.

The current market depth looks like this:

Rate   Volume   Accumulated
1,515.0   200   200
1,530.0   200   400
1,545.0   200   600
1,560.0   200   800
1,575.0   200   1,000

2,200.0   57   1,057
2,250.0   11   1,068
2,500.0   14   1,082
3,000.0   19   1,101
3,200.0   45   1,146


as you can see the red amounts are very evenly spaced out and very exact. These coins have been used to demolish the current rate and may have influenced the MtGox price fall recently as the trend matches very closely.

Just so this person/person's know put your sell prices back up to 1900+ stack them on top of each other or out bid by a few ie1-2SLL to try and help the BTC reach a happy rate that it was enjoying a week before
your destruction of the market.

To others just reading this and asking what am i complaining about that's what happens in markets like these, but all i can say is not to this degree as your all aware the price rate is fallen considerably in the past few days, even 12hours ago the rate was higher then these lots of 200 coins started leap frogging the price down and if it continues at the rate the bitcoin may be worthless in less than 2weeks

I really hope im over-reacting or that the one's responsible will correct their actions

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Side note, current SLL to USD is 261.9 - SLL to GBP is 427.8 - SLL to EUR is 377.0.


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nickwit
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May 21, 2011, 08:04:20 AM
 #2

I've been a bit suspicious about the britcoin site rate as well.

Very small market so prone to minor fluctuations... but I keep seeing this tendency for a "sell" for a low volume at a low amount... pushing the official "price" right down... and at the same time, there's a relatively large "buy" with a similar pattern of decimal places etc.

We're talking very small amounts here - a couple of hundred quid. Does look like its being gamed though. Or I'm just paranoid.
deathnetworks
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May 21, 2011, 08:10:03 AM
 #3

its either a person who bought up far too many bitcoin's in the hope of making a profit with too much money and very little economical sense, which may account for last weeks price spike and the resulting drop.

Or..... worst case its an intentional effort to reduce the worth of the market, ofcourse it could just be idiots trying to get the most for their coins only to beaten down by another who's trying the same idea further pushing down the price.

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May 21, 2011, 08:14:07 AM
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just been watching the price for the last 20min and there's some leap frogging going on again but in reverse the price will be going back up by the looks of things not by much tho.

Rate   Volume   Accumulated
1,545.0   200   200
1,560.0   200   400
1,575.0   200   600
1,590.0   200   800
1,605.0   200   1,000

2,200.0   57   1,057
2,250.0   11   1,068
2,500.0   14   1,082
3,000.0   19   1,101
3,200.0   45   1,146

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kjj
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May 21, 2011, 08:29:11 AM
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I give this thread 2.3 out of 10.0.  If you want to learn how to whine properly about people setting prices according to their own interests and not yours, head over to the EVE Online forums, Market Discussions.

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Vandroiy
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May 21, 2011, 07:48:51 PM
 #6

Agree with kjj.

So a trader uses a strange pattern. That's his problem. For what reason can you tell him at what price to trade? Also, those are only 1000 BTC and some Linden sandbox money. How in the world should that move the market considerably?

What are you even accusing this person of? Unaesthetic price level difference?

I completely fail to see the point of this thread, other than complaining that people don't trade on some expected price level. If you think you know a more correct price, be happy and get rich with the knowledge.
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