Quote from: laely on February 20, 2014, 05:10:01 AM

Quote from: hgamezoom on February 20, 2014, 04:05:03 AM

Quote from: laely on February 19, 2014, 10:28:50 PM

Am I the only one who does not understand the gox market at all ?

Despite BTC withdraw issues there is more chance to get coins out of gox rather than waiting for money withdrawal which may take at least 3 months considering how many people have withdrawn.
Because of that prices should not have dropped as much as what we currently see.
It should be around 80% BTC market price, not at 40%.

Moreover, and to explain that, I have the impression that peoples making prices go down have illimited coins.
For example, I have been watching gox charts for all day and there is a bot that ALWAYS sell to maintain the price at 261.23$
When I say 261.23$ it is not 261.22$ or anything under it, it is that EXACT price.

One buy order for 800BTC has lasted the whole day (more than 10 hours) at 261.21$ and as soon as the buy order was put at 261.3$ it got eat by the bot.
The bot has infinite coin ? What is the purpose of this bot ? Is it just a coincidence ? By now it has sold more than 30k coins during 13h.

I think there is definetly something weird with gox buy and sell orders.

Agree, there are always huge sell orders these days, seems like someone has infinite coins.
Anyone with a normal mind will not do like that.
If he is so sure that Gox will die then why not sell them one week ago at the price of $500, or $400?

That bot is a big problem.

Infinite coins and continually making the market going down to the latest lower value despite a lot of buy orders and pump...
Whereas the market clearly wants to go up...

How is it even possible ? >_<

At this rate it can go down to 200$ since people panic sell and help the bot break buy walls...

It's entirely likely the bot is just trading an EMA or something. It might look like it's got infinite coins, but it's more likely there just aren't that many buyers. Once people start pumping money back into gox it'll be washed over and find a new place to trade.

Either that, or someone has set it to just sell some large portion of coins for 261.23 and don't want it to show up on the radar.