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February 10, 2014, 04:16:44 AM |
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Everyone is watching Gox so closely, I suspect someone is trading with themselves on Gox to swing the other exchanges in their favor, where their fiat and BTC are actually worth something. Watching the walls on Gox, the bid side will rise at the exact moment the ask side falls, some trading happens, then it reverses. All the bid/asks in a $100 range shift back and forth. Seconds later, Stamp and BFX follow. Also, someone puts a big wall at say 700 on Stamp, then Gox asks will fall and price will rise until the wall at Stamp gets eaten. Then seconds later the ask wall on Gox comes back keeping the price from going further up. Rinse and repeat. This can't be someone taking advantage of bots can it? Who would keep that much ammo (+500btc) for their bots?
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