Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Fatman3001
on 14/10/2015, 12:28:57 UTC
Bitstamp is the way.

Things on stamp can change quick... It is a liquidity provider for many other companies.

They are actually no longer a liquidity provider and have resorted to wash trade bots in order to make it seem like their exchange has volume and is still relevant.

I dont think they ever recovered since their hack when most traders left their platform and moved elsewhere.

Sources:

https://bitcointalk.org/index.php?topic=1205564.0

https://www.reddit.com/r/BitcoinMarkets/comments/3lwnyn/the_state_of_trading_in_the_bitcoin_markets/

https://www.reddit.com/r/BitcoinMarkets/comments/3okvda/bitstamp_the_new_okcoin_20_volume_manipulators/

Dude... You don't know much about Stamp.

I dont think you do if you cant even notice obvious wash trading. Maybe get some window wipers for your glasses.

If you can't see the cause and time when stamp, currently undergoing wash trades or not aside, recovered a substantial number of their previously lost clients, you're at least as clueless yourself.

Their exchange used to have massive large volume trades on a constant basis. It seems that they only started using wash trade bots post hack, once they realized they no longer have enough customers to create such large volumes and therefore they have resorted to artificial volume trading bots.

You are free to believe what you would like to but consumers should be made aware of this so they can make informed decisions before risking their money.

Volume post hack was abysmal until NY residents were forced off other exchanges and the chinese exchanges started blocking US accounts. I don't understand the trading patterns, but the reasons listed by our favorite dairy commercial has me convinced that stamp isn't fudging the numbers themselves.