Post
Topic
Board Altcoin Discussion
Re: Price manipulation and market frontrunning at mcxnow.com
by
JarlMezentius
on 27/09/2013, 16:09:34 UTC


As far as your 'Worst Case scenario' where one trader builds a buy wall, and through a few well placed small buys/sells they panic a crowd of people into selling or buying their shares or coins. That's absurd on it's face due to the amount of coin spent, immediately devalues the coin/share they have already invested in.



"immediately devalues the coin/share they have already invested in"

does not apply if prices bounce back reliably which is the case with mcxfee ... this is endless cashmaking on the expense of others

So ... if the price bounces back, what is your issue?

Prices fluctuate, that's the nature of a trade exchange. Smart traders buy low, sell high.

What basic concept of freedom of choice are you failing to grasp here?

No one is forcing you to trade. Trade has RISKS. You are aware of those risks when you invest.

mcxNOW makes it easy, and also allows people to have a piece of the profits for just hanging on for the ride. I don't get why you think this sort of thing is different from any other exchange in the world, crypto or fiat, other than you don't have to pay in over $500 to start a self directed trading account, on mcx.


-Jarl