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783
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 25, 2014, 09:31:45 PM
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Am i the only one who finds the accent on this kinda fishy? The whole blog tries to come out as just collection of objective facts, and here he just draws a conclusion about future of the btc price. Kinda weird. that price manipulation in the screen shot was when mtgox was going out of business so they wanted to hold the market up, right? this sounds like fear mongering to me... Huh??? RTFA. The bot has spent $110 MILLION US DOLLARS buying >280,000 BITCOINS in the November bubble ALONE. There is evidence it was involved in every bitcoin bubble to date. If this is confirmed, its chilling. This is big news. Not sure if serious. I can't tell if you are joking or being ridiculously obtuse. This WILLY shit is irrelevant. Millions of dollars of real money led to the bubble. Most of the rise in November was led by China. None of this speculation matters. Right, until somebody gets arrested... |
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784
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 25, 2014, 05:42:56 PM
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" [ ... ] In other words, it's weird, it's fishy, it's Mt. Gox, but it's not proof of some kind of fraudulent trading in and of itself. It can mean a whole lot of things and I'm happy to see more information come out."
Well, some 650'000 bitcoins that were supposed to be there just weren't there at the end. A crime surely happened, the only questions are which kind, how, when, by who, etc.. Mark claimed it was a theft, but AFAIK he has not provided any details (the thesis of the "malleability bug" has been disproved), failed to tell the police as soon as he noticed it, and did not tell the clients until after closing the site. I hope the law will find the right label for his actions. Which will be needed for probably any exchange operator out there. Wonder where the money on Chinese exchanges comes from right now? I don't. |
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785
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Economy / Speculation / Re: This is why Bitcoin is rising so fast...
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on: May 25, 2014, 05:27:37 PM
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crossquote from the wall thread: http://willyreport.wordpress.com/So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.
lol Not sure you will get the FUD you expect this weekend matey. I'm fishing for laffs and this provides me plenty. |
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786
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Economy / Speculation / Re: This is why Bitcoin is rising so fast...
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on: May 25, 2014, 05:24:08 PM
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crossquote from the wall thread: http://willyreport.wordpress.com/So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.
lol |
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787
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Other / Meta / Re: Custom avatars don't working now?
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on: May 25, 2014, 05:20:55 PM
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Please note, however, that it seems unlikely avatars were used to hack the forum. If you can't find the problem you have to find something to blame... Posted from Bitcointa.lk - #bdUNbaN1zG4XuWhyBitcoin!  |
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789
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 25, 2014, 05:09:01 PM
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Re the Willy report: Is this the moment in the animated cartoon when the guy is about to realize that he has stepped off the cliff and has been standing on thin air for a while?  yes but this is Bitcoin, so it might be that the lie bootstrapped us to a higher price. I'm not sure though. I'm also not sure whether the report is factual (I just read it completely and it seemed coherent). First they laugh at you then they send in the FEDs. |
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