Bitcoin Price manipulation at Mt Gox
Interesting article. It seems Mt Gox was running bots that were trading non existent bitcoins for the sole purpose of driving up the price. One bot was responsible for 21 percent of all the trades on Mt Gox. I used to feel bad for Mt Gox because they got all that bitcoin stolen, but now they just seem like crooks. It looks like they were trying to cover up a theft and keep the exchange going by getting the price to go way up and collect fees from all the real traders. Regulation is going to come because of this stuff.
https://www.rt.com/usa/416036-bitcoin-manipulated-exchange-rate-price/
Image source: news.bbcimg.co.uk/media/images/73217000/jpg/_73217345_73217344.jpg
Basically the Enron of crypto. How disturbing...
I'm deleting my comments.
Being down voted by Content censoring whales sucks
and hurts minnows who only earn 0.01 per post/comment anyhow
This whale BS will kill STEEM imho
This post has received a 0.74 % upvote from @booster thanks to: @viraldrome.
Hi! I'm new here. Really need help. Please vote My articles. I vote for yours. They are very good. Thank You!