Post
Topic
Board Economics
Re: What happened ?
by
techgeek
on 25/05/2015, 19:49:09 UTC

I think its ridiculous to explain the move from 600s to our levels because of bots manipulating the price.

is that even possible though?

I`m unfamiliar how bots can change the price, is it since they buy only at frequent times? or false orders?

It is possible as far as I know and that's what happened with MtGox when the price raised till 1000$~ or something like that . I wasen't on world that time but that's what I heard , the BOT was named willy AFAIK .

I think its ridiculous to explain the move from 600s to our levels because of bots manipulating the price.

It wasen't that low when I left Shocked It was like 600$~ on the last summer if I remember right that time I heard of Bitcoin but never had any

Oh okay, I read something different on with mt.gox.

Something like about phantom deposits, but i`m sure it was a mixture of both. isnt there some tool that exchanges can use to verify orders are from people, not bots? how do you stop this bot crazy orders then.