Crypto Currency Thread
Discussion
i was reading that last big btc crash was caused by 2 bots on mtgox, fake trading to drive the price down. I wonder how many people are actually controlling thew whole exchanges and prices now, a handful, someone is manipulating the prices, it is easy money.
Edited by The Spruce goose on Tuesday 16th January 22:38
The Spruce goose said:
i was reading that last big btc crash was caused by 2 bots on mtgox, fake trading to drive the price down. I wonder how many people are actually controlling thew whole exchanges and prices now, a handful, someone is manipulating the prices, it is easy money.
Yes it’s entirely coincidental that the price went up £1k after 100m Tether tokens were printed (apparently backed by USD but never audited or proved as such)Edited by The Spruce goose on Tuesday 16th January 22:38
limpsfield said:
I don’t buy the manipulation story. Maybe last year but now? Panic selling.
this was last year Aug. Imagine if the situation now btc has gone nearly 3 times since then. 60 million trades, probably 300+ million usd on the exchange, and this is just one exchange.https://cointelegraph.com/news/single-trader-with-...
''spoofers place a large buy order just below other buy orders, or a large sell order just above other sell orders...
The catch is this: If the price approaches the spoofer’s order, he immediately cancels it. Spoofing is actually illegal, but as Bitcoin markets are largely unregulated, it’s quite common..
He regularly places orders approaching $60 mll...
Even more unusual is that most of Spoofy’s activity occurs on a single exchange: Bitfinex.''
(Bitfinex has the highest volume in btc)
''“Spoofy makes the price go up when he wants it to go up, and Spoofy makes the price go down when he wants it to go down, and he’s got the coin… both USD, and Bitcoin, of course, to pull it off, and with impunity on Bitfinex.”''
Because BItcoin is so thinly traded, a single large “whale” can potentially move the entire market.
He has the ability to trigger the landslide, as it is a perfect storm as newbies panic selling, along with other news. Then start buy orders, easy to make 50% in a day.
Edited by The Spruce goose on Tuesday 16th January 22:53
The Spruce goose said:
Classy6 said:
xrp just did 20% in under an hour, bouncing backnearly lost all my money, now getting it back yeah..
The Spruce goose said:
p1stonhead said:
Who the hell measures ‘investments’ by the hour?!
people making quick money. It more a barometer of how quickly the confidence springs back, a trait of cryptos.You’re telling me you see the below day chart as confidence, no confidence, confidence, no confidence every damn hour nearly?
HannsG said:
Added around 70,000 TRON (TRX) to my portfolio tonight. Let's see where we end up!
A coin burn is scheduled for Q1. Should be interesting.
I have 19000 TRX which I bought the other day at 683 sats thinking I was getting a bargain A coin burn is scheduled for Q1. Should be interesting.
Edited by HannsG on Wednesday 17th January 01:35
Gassing Station | Finance | Top of Page | What's New | My Stuff