Quote from: oyvinds on February 08, 2014, 01:13:12 PM

Quote from: Bonez0r on February 08, 2014, 01:09:41 PM

What? That seems like a serious design flaw to me. So you can basically bluff and manipulate the market that way? To be honest I can't believe they allow this.

Yes, you really can bluff and rustle n00bs jimmies.

But "manipulate" the market? Not too sure about that one.. Just now someone here apparently read my post and put buy orders at $0.01 and put up 40k BTC asks. Were my jimmes rustled by that? No, of course they weren't.

I hate to sound rude but if that's all it takes to rustle your jimmes then you really shouldn't be trading at all.

Of course you can manipulate the market. You put up a huge fake wall just above the lowest ask. Real traders who want to sell will set their price below the wall. You move the wall down a little, the sellers match that movement and adjust their prices down a little to stay under the wall, rinse and repeat. The result is that you manipulate the price downward. Then when you've moved the price a decent amount, you buy cheap, remove the wall, watch the price go up again and sell your bitcoins at a profit. How can you say this is totally fine?