Do you think it is the bitstamp bot that controlled this crash

[ivyleague1985]

Can admin start a poll to survey member's opinion on this title?

I personally believe bitstamp started the dump to:

1) buy back the coins they lost at dirty cheap price
2) hide their suspicious trading activities in high volumes (due to 0 fee)
3) earn a large lum sum trading profit that support the multi-rig deployment and offsets the lost of customers
4) camouflage their own scandal and direct people's attention away from the incompetency of bitstamp to the crash of bitcoin price

Some counter ideas are also appreciated.

Watching this show on and on, I become to think the so called "whales" an "exchanges" are indeed the same bunch of people. There may be some big traders around. But only exchange can fake buy and sell orders, execute orders with faked fiat and see other parties' condition (long, short, account balance, trading frequencies, leverage levels, margin call price, etc.) crystal clear.

[ivyleague1985]

So the real problem is not "people want to get rich quick".

It is "exchanges want to get rich quick".

[twiifm]

You can go to prison for market manipulation.  Would they take that risk?

[ivyleague1985]

You can go to prison for market manipulation.  Would they take that risk?

How could regulator justify their manipulation and enforce the law? They can destroy the trading data seconds after the crash. They can physically hide just like Snowden and enjoy happy life in Russia.

The mentality of those exchanges are exactly "get rich quick". I don't think they have any moral standard working around.

[twiifm]

You can go to prison for market manipulation.  Would they take that risk?

How could regulator justify their manipulation and enforce the law? They can destroy the trading data seconds after the crash. They can physically hide just like Snowden and enjoy happy life in Russia.

The mentality of those exchanges are exactly "get rich quick". I don't think they have any moral standard working around.

They have lots of VC backing.  Not sure if they would dare pull such a stunt.  Kudos if they tried LOL

[smoothie]

The words "controlled" and "crash" in the same sentence. 

[smoothie]

So the real problem is not "people want to get rich quick".

It is "exchanges want to get rich quick".

A proper exchange will make money no matter what. As long as there are trades being made they collect fees. They never lose unless they get hacked. 

[ivyleague1985]

The words "controlled" and "crash" in the same sentence. 

It could appears together like "aircraft landing could be deemed as a controlled crash."

[ivyleague1985]

So the real problem is not "people want to get rich quick".

It is "exchanges want to get rich quick".

A proper exchange will make money no matter what. As long as there are trades being made they collect fees. They never lose unless they get hacked.  

Since Chinese exchanges are faking things up and collecting zero fees, I don't know why we should put trusts on two Slovenian guys.

Do you really trust that they are "proper" exchanges?

[ivyleague1985]

Stamp bots are working full speed again!!!