people are not selling on gox... isnt it obvious ? people are MASSIVE buying and one (1) person (the bot) is selling hard
Is that true? Then why would that robot sell now, at such low prices? Why not wait for bitcoin withdrawals to restart, and sell elsewhere? Unless the owner believes that the real worth of a "gox coin", even when expressed in "gox dollars", is still less than the current MtGOX price? The robot could be buying and selling with no fees, keeping prices down so that asks follow, then buying back up. Possible scenario? |
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Bitcoin is once again looking like a terrible prospect. Hi Mat, we've spoken before. I'm rather disturbed by that statement - not its content per se but if you genuinely think this, why bother spending time here. As someone commented a few days back: "perhaps you don't like classical music, but would you spend you time on a classical music forum, where people love classical music, telling them they were wrong and had bad taste." Personally, I don't think BTC is a "terrible prospect" but I do think its under fire at present, probably for doing so well recently (or as we call it in Australia "tall poppy syndrome") but I think it is wise to keep our judgements in perspective. Yeah Mat. Get onto the Beethoven forum and tell them you think Beethoven fans are a viper's nest of thieves, liars and starry-eyed fools!  Beethoven's rubbish, Faure, Schubert or Wagner thanks. Seriously, this wasn't an attack on Mat, just a continuation of an exchange we had about the futility of forums really. But let's not take this too off-topic. Risto will ban me at this rate. Then you must love Tannhauser? http://www.youtube.com/watch?v=eHLGVl9Ek8EEDIT: "watching the bitcoin charts" remix! Last off-topic post, promise!  |
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What? This completely conflicts with the pdf that was released saying they would take some time to test and analyze the deposits and that an update would be provided about withdrawals on Monday. More FUD? Mtgox wrote a pdf as FUD? I mean this latest news! Gox enabling withdrawals at 3:15 is FUD? Well you say the two statements are completely contradictory. Perhaps one of them is FUD? Get it? |
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What? This completely conflicts with the pdf that was released saying they would take some time to test and analyze the deposits and that an update would be provided about withdrawals on Monday. More FUD? Mtgox wrote a pdf as FUD? I mean this latest news! |
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What? This completely conflicts with the pdf that was released saying they would take some time to test and analyze the deposits and that an update would be provided about withdrawals on Monday. More FUD? |
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Niiiiiiiice double-bottom forming on Gox! Meaning? (new to this) it means that the price will go up.... but gox is irrelevant at this point, that double bottom has to be on stamp IMHO so we can say that the price will go up, my suggestion is 450-480 will be visited then we will be going up from that point. my best suggestion is to HODL...For Stamp right? Amen I missed the cheap coins @530 and am still not sure when the next chance will be to get the cheapest coins. Don't panic. Wait and watch. Feelings are running pretty low but some say not low enough to signal the real bottom! |
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Just read it up yes. Thanks for explaining.
I've been waiting for this moment... since December 7th drop I thought this would happen at the end of January. Thank fuck I am here now.
I would still wait until at least Monday to be honest. What is going to happen next at Gox is anyone's guess. But it could be more bad news. If that is the case then expect lower prices. |
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Niiiiiiiice double-bottom forming on Gox! Meaning? (new to this) The price went to the same low point twice. Can mean trend reversal - ie we are going back up - but it's a bit of a joke considering that it's happening on Gox. Still, the way the exchanges are keeping roughly in synch with eachother despite over 300 dollars difference between Gox and Stamp is quite a good sign in my opinion, although that gap is going to have to close soon. It's just too much fantasy. |
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Niiiiiiiice double-bottom forming on Gox! |
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One thing's for sure - 2014 is the year when this kind of shit has to stop! |
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The only logical explanation is that someone knows that Gox dont have any coins and wont ever fix withdrawals, so goxcoin is essentially worth 0$
But look at the market. Everyone WANTS coins to go up but Willy won't let them. Assuming you were really cashing out because Gox has no coins, wouldn't you just, y'know, let the price rise from time to time to get more cash? I'm starting to believe Willy sells into (mostly) its own walls to give the impression of massive dump and keep the price suppressed for much profit (?). The only other plausible explanation I can think of is Gox or some accomplice(s) shorting naked. But then again, wouldn't you let the price bounce back from time to time? The price does bounce back when the bot is switched off, as happened yesterday |
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If it is gox and they are not on fractional reserve why not simply send your coins to any other exchange and make a premium by arbitraging your own exchange?
Anyways, feels good that stamp don't give a shit anymore
Maybe Gox failed Stamp's KYC requirements. |
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There are many theories you could make about this if you predict that mtgox actually has no coins and is going to close. It could be mtgox selling fake bitcoins on their exchange to suck fiat out of the market so that everyone who tries to trade btc there loses and ends up able to claim less fiat. When this goes to court for the court to settle reimbursing people's accounts, the court isn't going to be looking at bitcoin. The court isn't going to bother tracing bitcoin trades on the exchange and won't care about someone saying "but I got sold fake bitcoins". The judge might think that "fake bitcoin" is an oxymoron. They will, however, be looking at the amount of fiat that people held.
I disagree that if it went to court the Bitcoins would be overlooked. Bitcoin is already treated as an asset. I think it would be preferable to have lost Bitcoins over fiat because with Bitcoin you could try suing for the market price at the date of trial, which is likely going to be much more than it is today. EDIT: ...would likely...  |
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I wonder if the market on Gox can ally against Willy and wait for its predictable dumps, set up walls, get the price up, then remove orders, let Willy sell into negative numbers and start all over again. Like working in shifts I do wonder how Willy sleeps at night. Is it like this:  ... Or like this:  ?? |
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The point of this sick, absurdly-named thread is to gather observations about Willy the bot, aka "Uncle Willy" when he's bull, "Aunt Milly" when he's bear, etc. etc., who resides currently at Mt. Gox. Extra points (sportsman's bet here people - I'm not handing out BTC for correct guesses) go to those who can accurately predict when Willy is going to get switched on and off. Also, can anyone shed some light on the identity / identities of Willy's puppet master. Who is pulling the strings on this poor droid, forcing him to engage in perverse market activity?  Or is he just poorly-programmed? If you think there is no "Willy" and this is all a load of nonsense, please feel free to say so. |
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Waiting on Willy...  Just how many tricks does a bot have up its sleeve? |
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Houbi starting to follow  |
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oh ok so this 200k btc of dumping is just "a bot". its "willy"... no. we are talking an order of magnitude of difference from willy, and that guy who made a 10k buy (rpietelia claims that was.him)
Do you not remember the 100s of k BTC regular buying sprees that seems to have kept Gox at least $100 higher than other exchanges? Willy. It looks like every single person on this forum and his dog noticed Willy the bull bot. What is happening now looks exactly the same but in reverse! |
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strongstamp saves it us again.
The difference between the two will prevent the market from developing. It is not sustainable at all. Pure madness. Until the difference is closed how can we go up? |
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when bitstamp and btce disabled withdrawals, it wasnt an all out apocalypse like gox. i think someone knows something at gox that we don't
To me it really looks like the infamous bull bot Willy, put in reverse. |
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