How many times must 700 be tested before the market takes it seriously?
It's only Gox for some reason - almost like someone wants Gox below other markets.
Is this the game (it is the price that media quote, the one BTC is 'priced' in).
A cheap way to manipulate overall market price by affecting one exchange - is that the logic?
It doesn't seem to work, though.
Multiple attempts now and 700 is keeping strong.
I meant changing the
relative market prices between Gox, Stamp and Btce - which 'may' be what is going on.
Throwing money at Gox will not work, no, but it is keeping Gox under other exchanges just now.
I am wondering if this is the rationale
At a cost of how many coins?
I know it seems crazy - but who dumps that many (and then seemingly buys back at a loss) without an agenda?
I was looking for bid walls on other exchanges and I can't see any, so it probably isn't an attempt to push the whole market down and sell at higher prices elsewhere.
What makes little sense (to me) is BIG money being that stupid - there must be some reason for pushing the price down - I just fail to see what it is.
You have been watching someone losing hundreds of thousands of dollars, but changing market price in the market.
But is this a cheap way of realising a strategy we have no inkling of? Who benefits from Gox price keeping low, I wonder?
