Quote from: scalper on April 18, 2013, 12:09:27 PM

Quote from: johnblaze on April 18, 2013, 03:41:29 AM

Quote from: scalper on April 17, 2013, 04:12:48 AM

They send market orders down for 20 straight points, and then the other direction for 15 points within the next 5 minutes! Who trades like that?

people who demand liquidity trade like that. go read Mr Harris again

on an illiquid market, thats how price moves. plus, your perception is off simply because BTC trades for so many decimals. you see 20 bids get hit but in reality they might all be 0.00001 difference which is irrelevant

yeah, because it's so efficient to demand liquidity til the point where the price impact is 5-10% in a few minutes right? what other market actually does that, do tell?

my perception is not off. i am not talking about the number of levels, i am talking about POINTS, as in DOLLARS.... i have seen the stock rip 10+ points on all offer prints and drop 10+ points on all bid prints in 1 minute.

thanks for the stating the obvious anyway, not sure what point you were trying to make that i didnt already kind of make in my original post.

The aim of the big price movements is to "TRY" manipulate the market into inducing panic sell-off or frenzy buying.