Fake transactions in the exchanges again? Don't trust your eyes...

[DoM P]

Could someone explain to me how, technically, and exchange coud manipulate the prices by putting fake orders?
I can see how to fake the volume, but the price...

I could buy into that possibility.  I heard speculation that it might be due in part to Bitstamp trying to rebuy cheap coins to compensate for the stolen money owed?  If true, that could account for the sharp 24 hour decline, but still does not detract from the fact that it's been a half year bear market.   But certainly a possibility.

Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere?

Arbitrage would balance out the other exchanges I'm sure if this were the case. Though, I am not sure this is actually going on at Bitstamp.

I doubt that. Bitstamp would be arbitraged.
For example, yesterday, Bitstamp had about 10% of the world's volume of exchange.
If it had done that, its set prices would have been swept by the volume of the other exchanges.

[Kprawn]

We can speculate as much as we want, we will probably never know, what the real reason was.

It might even be real trading going on, but I did see a corelation between times when the Chinese and Russian people sleep and when they wake up.

Lots of banning of Bitcoin websites in Russia and some talks about banning technology which use cryptography in the UK are having an affect in sentiments towards the furure of the currency in these countries.

Speculators will get jumpy when they see these type of articles in the media and it might trigger a mass panic sell.

This creates a opportunity for the real investors and the people who really know and understand the technology to buy cheaper coins and when they hoard/hodl these coins, the price will go up again.   

[mayax]

We can speculate as much as we want, we will probably never know, what the real reason was.

It might even be real trading going on, but I did see a corelation between times when the Chinese and Russian people sleep and when they wake up.

Lots of banning of Bitcoin websites in Russia and some talks about banning technology which use cryptography in the UK are having an affect in sentiments towards the furure of the currency in these countries.

Speculators will get jumpy when they see these type of articles in the media and it might trigger a mass panic sell.

This creates a opportunity for the real investors and the people who really know and understand the technology to buy cheaper coins and when they hoard/hodl these coins, the price will go up again.    

UK will ban bitcoin this year. Russia announced it since September 2014 that they will ban and they just did it 3 days ago.

If you take a look to the comments from that time, you will notice the same attitude : "it is not possible, these are BS". Well, it was possible.

Bitcoin will be banned or very strict regulations in Europe and USA very very soon. There is an ongoing investigation regarding to all the US exchangers and you will many of them facing charges... Yes, the US exchangers like CoinBase, BitPay, Kraken will be closed

It's not about panic. it is reality. I know the Bitcoin fanatics and those who are earning a lot of money from it, will say "NO, Bitcoin will survive".
Yes, it will survive as technology but not as a payment system.

[tokeweed]

We can speculate as much as we want, we will probably never know, what the real reason was.

It might even be real trading going on, but I did see a corelation between times when the Chinese and Russian people sleep and when they wake up.

Lots of banning of Bitcoin websites in Russia and some talks about banning technology which use cryptography in the UK are having an affect in sentiments towards the furure of the currency in these countries.

Speculators will get jumpy when they see these type of articles in the media and it might trigger a mass panic sell.

This creates a opportunity for the real investors and the people who really know and understand the technology to buy cheaper coins and when they hoard/hodl these coins, the price will go up again.    

UK will ban bitcoin this year. Russia announced it since September 2014 that they will ban and they just did it 3 days ago.

If you take a look to the comments from that time, you will notice the same attitude : "it is not possible, these are BS". Well, it was possible.

Bitcoin will be banned or very strict regulations in Europe and USA very very soon. There is an ongoing investigation regarding to all the US exchangers and you will many of them facing charges... Yes, the US exchangers like CoinBase, BitPay, Kraken will be closed

It's not about panic. it is reality. I know the Bitcoin fanatics and those who are earning a lot of money from it, will say "NO, Bitcoin will survive".
Yes, it will survive as technology but not as a payment system.

[Madness]

Something fishy is going on right now

What exchange website are you talking about right now and how people can make fake transaction to be honest Idon't get it
there is either Off-chain transaction (which won't show on the blockchain) or On-chain (which shows) , sending Bitcoins that dosen't exists and getting fake TX ID's is impossible. or .. they are sending their coins here and there ? 

[mayax]

Could someone explain to me how, technically, and exchange coud manipulate the prices by putting fake orders?
I can see how to fake the volume, but the price...

I could buy into that possibility.  I heard speculation that it might be due in part to Bitstamp trying to rebuy cheap coins to compensate for the stolen money owed?  If true, that could account for the sharp 24 hour decline, but still does not detract from the fact that it's been a half year bear market.   But certainly a possibility.

Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere?

Arbitrage would balance out the other exchanges I'm sure if this were the case. Though, I am not sure this is actually going on at Bitstamp.

Bitstamp like another 2-3 big exchangers are manipulating the market as they want. You have to blind to not see that but many of you like it. You are speculators and it is OK. You forget one thing. The average people, those who wanted to test Bitcoin, those who said"let's give it a try", already sold their Bitcoin and they will never come back.

You have to find newcomers to put money into system. Without newcomers, Bitcoin is dead. it's just a matter of time until a big exchanger like BTC China or Bifinex will start withdrawing Bitcoin to dollars; because in the end, it's just a matter of money not Bitcoin shit.

Then, we will see how much this Bitcoin is worthing.

[Work2Work]

SO Huobi was hacked today. Seems to be next GOX is coming

[mayax]

SO Huobi was hacked today. Seems to be next GOX is coming

well, they were "hacked" via Egopay couple of days ago. They lost a lot of money there.....and it is possible that all their Bitcoin to be stolen

[moriartybitcoin]

Something fishy is going on right now

The price of BTC is ALWAYS, ALWAYS being manipulated by the big exchanges, especially BTC-E and Bitstamp!

[mayax]

Something fishy is going on right now

The price of BTC is ALWAYS, ALWAYS being manipulated by the big exchanges, especially BTC-E and Bitstamp!

question: where is BTC-E based? what's their phone number?

I know, you cannot answer because you don't know. Don't you find VERY odd that people are sending money to unknown companies?
They sent money and lost money with MT Gox which had a real office in Japan but at least they had one.

Can you imagine that BTC-e is one of the biggest Bitcoin exchangers even it is a ghost company?  

These things say a lot about this market.

[thriftshopping]

Something fishy is going on right now

The price of BTC is ALWAYS, ALWAYS being manipulated by the big exchanges, especially BTC-E and Bitstamp!

question: where is BTC-E based? what's their phone number?

I know, you cannot answer because you don't know. Don't you find VERY odd that people are sending money to unknown companies?
They sent money and lost money with MT Gox which had a real office in Japan but at least they had one.

Can you imagine that BTC-e is one of the biggest Bitcoin exchangers even it is a ghost company?  

These things say a lot about this market.

This means that btc-e is providing their customers with enough privacy that no one (or very few people) know where they are located so money and information cannot be seized.

People trust btc-e because they have acted honestly so far. As you pointed out just because you know the identity of the operator of an exchange does not mean that your money will be safe at the exchange.

Just because you don't know the identity of an exchange doesn't mean that they are faking their trading volume

[mayax]

Something fishy is going on right now

The price of BTC is ALWAYS, ALWAYS being manipulated by the big exchanges, especially BTC-E and Bitstamp!

question: where is BTC-E based? what's their phone number?

I know, you cannot answer because you don't know. Don't you find VERY odd that people are sending money to unknown companies?
They sent money and lost money with MT Gox which had a real office in Japan but at least they had one.

Can you imagine that BTC-e is one of the biggest Bitcoin exchangers even it is a ghost company?  

These things say a lot about this market.

This means that btc-e is providing their customers with enough privacy that no one (or very few people) know where they are located so money and information cannot be seized.

People trust btc-e because they have acted honestly so far. As you pointed out just because you know the identity of the operator of an exchange does not mean that your money will be safe at the exchange.

Just because you don't know the identity of an exchange doesn't mean that they are faking their trading volume

All the exchangers are faking the transactions. No doubt about that.

What are you talking about "money and information cannot be seized" ? I hope you are joking
BTC-e owns a bank account and that bank account is public. Their clients are not paying them in cash

BTC-e owns have BIG banks accounts. They are not keeping the money under bed so they can be seized.

[ivonna]

Something fishy is going on right now

The price of BTC is ALWAYS, ALWAYS being manipulated by the big exchanges, especially BTC-E and Bitstamp!

I would disagree with this. The exchanges have an incentive to make their markets as fair as possible so more people will trade on them which would result in more trading commissions for them

[drkman]

Thanks for the graphics 

We need em decentralized exchanges...

Like this?

http://multigateway.org/

Exactly.  The SuperNET and its core coins already have decentralized exchanges and it's growing daily.  Coins like BTCD, Vericoin, NXT, and SuperNET all receive a permanent revenue stream from the transactions.  Big things are coming...

[ChuckBuck]

Interested to see how the launch of decentralized exchange affect the paradigm shift away from these centralized ones.

http://www.coinffeine.com/

https://bitsquare.io/

Looks like for Bitcoin and Crypto, 2015 will be the dawn of truly decntralized P2P exchanges.

[brokedummy]

Could someone explain to me how, technically, and exchange coud manipulate the prices by putting fake orders?
I can see how to fake the volume, but the price...

I could buy into that possibility.  I heard speculation that it might be due in part to Bitstamp trying to rebuy cheap coins to compensate for the stolen money owed?  If true, that could account for the sharp 24 hour decline, but still does not detract from the fact that it's been a half year bear market.   But certainly a possibility.

Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere?

Easy, take the coins from cold storage and sell them on the other exchanges, sell fake database coins on their own exchange and keep enough real coin on hand for withdrawals and hope there isn't a bank run before you buy back the cheap coins after the panic crash.

[countryfree]

If you're accusing an exchange of wrongdoing, please name it.
Actually, I guess an exchange could do it not to manipulate the price of BTC but simply to look bigger.

[mayax]

Could someone explain to me how, technically, and exchange coud manipulate the prices by putting fake orders?
I can see how to fake the volume, but the price...

I could buy into that possibility.  I heard speculation that it might be due in part to Bitstamp trying to rebuy cheap coins to compensate for the stolen money owed?  If true, that could account for the sharp 24 hour decline, but still does not detract from the fact that it's been a half year bear market.   But certainly a possibility.

Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere?

Easy, take the coins from cold storage and sell them on the other exchanges, sell fake database coins on their own exchange and keep enough real coin on hand for withdrawals and hope there isn't a bank run before you buy back the cheap coins after the panic crash.

correct. you have to be a child to think that the big exchangers are not related somehow and that they do not take advantage. they are a gang and there are too much money on table. they will push the limits as much as possible, they will earn a lot of money and then.... "who cares?!"

I have read a post here "The exchanges have an incentive to make their markets as fair as possible so more people will trade on them which would result in more trading commissions for them"

Tell that to MT Gox's victims. Remeber, MTGox was the BIGGEST exchanger ; around of 70% from market. "You" knew his face, you knew his identity, his office, bank account and "you" were scammed.

Imagine, that BTC-e (it's a random choice) has no face, no office, no identity...and you keep sending money to "them". After BTC-e will ran with your funds, you will start screaming : thief! ....even you knew from beginning what you are doing. Is it not a VERY strange community here?

[ivonna]

Could someone explain to me how, technically, and exchange coud manipulate the prices by putting fake orders?
I can see how to fake the volume, but the price...

I could buy into that possibility.  I heard speculation that it might be due in part to Bitstamp trying to rebuy cheap coins to compensate for the stolen money owed?  If true, that could account for the sharp 24 hour decline, but still does not detract from the fact that it's been a half year bear market.   But certainly a possibility.

Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere?

Easy, take the coins from cold storage and sell them on the other exchanges, sell fake database coins on their own exchange and keep enough real coin on hand for withdrawals and hope there isn't a bank run before you buy back the cheap coins after the panic crash.

This would rely on other people continuing to participate in any selloff that would occur as a result of this. What would happen if a panic selloff does not occur, but instead people take the massive sale as an opportunity to buy cheap coins?

[mayax]

If you're accusing an exchange of wrongdoing, please name it.
Actually, I guess an exchange could do it not to manipulate the price of BTC but simply to look bigger.

All the big exchangers. Bitfinex is one of them :   https://twitter.com/DoctorBitcoin/status/557526205709037568