Silk Road forums

Discussion => Security => Topic started by: colorblack on April 12, 2013, 07:55 pm

Title: How the manipulators hit the exchange
Post by: colorblack on April 12, 2013, 07:55 pm
For those of you who don't understand why the BTC prices seemingly "crashed" out of nowhere, causing panic selling that further "crashed" the price, coupled with Mt Gox lag that furhter "crashed", here is a clearnet link explaining how the manipulators hit the Mt Gox exchange on Wednesday, and in simplified terms. Nothing has changed about BTC from a few days ago to today other then the market manipulators decided to game the system and make a buck. HOWEVER, BTC is still the same brilliant decentralized currency its always been. The "price" in terms of USD will go back up just like it always does. Do not be fooled by this circus. Keep faith in bitcoin and keep confidence in DPR/Silk Road. This will pass. You have not "lost" a penny until you sell your BTC for useless government fiat. Your bitcoins are still worth your bitcoins.

*CLEARNET LINK*
http://www.bitanalyst.com/proof-what-hit-us-yesterday-was-a-price-manipulation/
Title: Re: How the manipulators hit the exchange
Post by: UANDiR1 on April 12, 2013, 08:33 pm
I wonder if the BTC exchanges will eventually start allowing short-selling, aka shorting, as exists in all other public equities exchanges, such as stocks, options, futures, and forex. My guess is this will not happen for quite some time due to the currently limited resources in these exchanges, but if it ever does, the revenue potential for traders may double. However, so will the manipulation, as BTC will than be vulnerable to short attacks just as any other public equity.