Post
Topic
Board Altcoin Discussion
Re: r0ach's Cryptomarkets Watch & Scamcoin Observer
by
iamnotback
on 26/06/2016, 02:51:31 UTC
r0ach your allegation about ETH being manipulated is starting to resonate on this board:

Poloniex is probably in on it too because I highly doubt the single guy running the wash trading bots is paying Poloniex 100+ BTC per day just to wash trade.  The act of just buying 100 BTC of coins per day would be far more effective over the last 6 months it started to become heavily wash traded.  That would be 18,000 BTC of buys in lieu of the wash trades (7.5 million dollars if using a BTC price of $420).

https://bitcointalk.org/index.php?topic=1473947.0

Don't you have a math error?

0.0005 x 20,000 = 10 BTC not 100 BTC

That doesn't diminish your point about the large volume perhaps being wash trades of insiders selling to themselves to pump up the price and volume.