Re: Fake transactions in the exchanges again? Don't trust your eyes...
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...
Even if Bitstamp finds a way to manipulate the price on their exchnage, how would they manipulate it elsewhere?
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.