Those that dream of $1200/bitcoin can thank this man.

[TheRealistMassiah1]

Hey there you dreamers / sheep herders / blind leading the blind / rat kings!

Just wanted to leave this article: http://news.yahoo.com/japan-police-arrest-mtgox-ceo-over-loss-bitcoins-234541269.html

How will bitcoin hit $1200 again??

and How do you think we will get there without WILLY BOT!


Addition:From the article:

From the article: A spokesman for the Tokyo Police said France-born Karpeles, 30, was suspected of manipulating data on the exchange's computer system in 2013 to falsely create about $1.0 million.

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[Brewins]

1 million would not be enough to create the rise from 10 to 1200 in 2013

[n2004al]

Hey there you dreamers / sheep herders / blind leading the blind / rat kings!

Just wanted to leave this article: http://news.yahoo.com/japan-police-arrest-mtgox-ceo-over-loss-bitcoins-234541269.html

How will bitcoin hit $1200 again??

and How do you think we will get there without WILLY BOT!

Bitcoin will not only will be 1200 us dollar one but much high. I can bet for this. The problem is when. There is a limited number of coins in circulation. There is a more and more requests for bitcoin as a more knowledge about it in the people. the reasoning is very simple. Limited number, high requests, price always higher and higher.

[TheRealistMassiah1]

I don't think you understood what it means to "create $1 million" ...  

The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented

Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...

which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...

[g1974ak]

To remember that big businesses are accepting bitcoin to sell their products. Microsoft, Dell or another monsters of business are not stupid that accept bitcoin at the place of the fiat money. If the bitcoin has not perspective they lost money and they are not so stupid to accept this.

[TheRealistMassiah1]

To remember that big businesses are accepting bitcoin to sell their products. Microsoft, Dell or another monsters of business are not stupid that accept bitcoin at the place of the fiat money. If the bitcoin has not perspective they lost money and they are not so stupid to accept this.

Do you want to know the truth??? ...

the amount of legitimate "transactions" for businesses through bitcoin is humiliating and depressingly small ... and those companies "accept bitcoin" for free publicity and press but to be honest it doesn't do JACK SQUAT for their business ...

they also LIQUIDATE the bitcoin IMMEDIATELY so that they assure that they have cash on hand for that transaction... so they pretty much use bitcoin as a facilitating contract transaction with a smaller clearing house for the payments ....

Addition: http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2

Their biggest purchase from bitcoin was a "$50,000" purchase for a server using BITCOIN ... you know how SMALL of a purchase that is ...

that is BARELY even a SERVER RACK ... which a fully optimized rack would go for $200,000 -$400,000 and companies spend $1,000,000++ on one purchase from DELL not $50,000 that's like a drop compared to a full gallon of water.

[ElectricMucus]

Karpeles did nothing wrong.

[Brewins]

I don't think you understood what it means to "create $1 million" ...  

The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented

Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...

which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...

5% of bitcoins lost every year?

Where did you get the number from?

[TheRealistMassiah1]

To remember that big businesses are accepting bitcoin to sell their products. Microsoft, Dell or another monsters of business are not stupid that accept bitcoin at the place of the fiat money. If the bitcoin has not perspective they lost money and they are not so stupid to accept this.

Do you want to know the truth??? ...

the amount of legitimate "transactions" for businesses through bitcoin is humiliating and depressingly small ... and those companies "accept bitcoin" for free publicity and press but to be honest it doesn't do JACK SQUAT for their business ...

they also LIQUIDATE the bitcoin IMMEDIATELY so that they assure that they have cash on hand for that transaction... so they pretty much use bitcoin as a facilitating contract transaction with a smaller clearing house for the payments ....

Addition: http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2

Their biggest purchase from bitcoin was a "$50,000" purchase for a server using BITCOIN ... you know how SMALL of a purchase that is ...

that is BARELY even a SERVER RACK ... which a fully optimized rack would go for $200,000 -$400,000 and companies spend $1,000,000++ on one purchase from DELL not $50,000 that's like a drop compared to a full gallon of water.

I don't think you understood what it means to "create $1 million" ...  

The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented

Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...

which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...

5% of bitcoins lost every year?

Where did you get the number from?

Seriously... Do you not do any research at all Brewins?

 take some time out of your day to enlighten yourself about assets especially about depreciation assets that don't regenerate ...

here are some articles for you:

http://www.telegraph.co.uk/technology/news/11362827/The-625m-lost-forever-the-phenomenon-of-disappearing-Bitcoins.html

https://letstalkbitcoin.com/blog/post/rise-of-the-zombie-bitcoins


Side note: for brewins , if you have no clue about any of these metrics you are far out of the game like most of the people in bitcoin are...

[JJB]

How will bitcoin hit $1200 again??

and How do you think we will get there without WILLY BOT!

Why couldn't there be another bot? Or better yet bitcoin will surpass that figure through natural growth over time? It will take a while but I believe we'll get there eventually.

[Miracal]

How will bitcoin hit $1200 again??

and How do you think we will get there without WILLY BOT!

Why couldn't there be another bot? Or better yet bitcoin will surpass that figure through natural growth over time? It will take a while but I believe we'll get there eventually.

There is no requirement for bots, I think bitcoin will surpass that figure naturally as the next half a decade goes by, the market will constantly be changing and increasing and lot of social issues will be overcome like education about bitcoin and infrastructure to support bitcoin or access to smart phones in rural areas. Then, bitcoin can only go up as more people join in the network!

[Amph]

To remember that big businesses are accepting bitcoin to sell their products. Microsoft, Dell or another monsters of business are not stupid that accept bitcoin at the place of the fiat money. If the bitcoin has not perspective they lost money and they are not so stupid to accept this.

Do you want to know the truth??? ...

the amount of legitimate "transactions" for businesses through bitcoin is humiliating and depressingly small ... and those companies "accept bitcoin" for free publicity and press but to be honest it doesn't do JACK SQUAT for their business ...

they also LIQUIDATE the bitcoin IMMEDIATELY so that they assure that they have cash on hand for that transaction... so they pretty much use bitcoin as a facilitating contract transaction with a smaller clearing house for the payments ....

Addition: http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2

Their biggest purchase from bitcoin was a "$50,000" purchase for a server using BITCOIN ... you know how SMALL of a purchase that is ...

that is BARELY even a SERVER RACK ... which a fully optimized rack would go for $200,000 -$400,000 and companies spend $1,000,000++ on one purchase from DELL not $50,000 that's like a drop compared to a full gallon of water.

I don't think you understood what it means to "create $1 million" ...  

The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented

Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...

which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...

5% of bitcoins lost every year?

Where did you get the number from?

Seriously... Do you not do any research at all Brewins?

 take some time out of your day to enlighten yourself about assets especially about depreciation assets that don't regenerate ...

here are some articles for you:

http://www.telegraph.co.uk/technology/news/11362827/The-625m-lost-forever-the-phenomenon-of-disappearing-Bitcoins.html

https://letstalkbitcoin.com/blog/post/rise-of-the-zombie-bitcoins


Side note: for brewins , if you have no clue about any of these metrics you are far out of the game like most of the people in bitcoin are...

no you can't simply trust random source and say they are right, at present there is no good way to determinate how many coins are lost each year and surely not in such a precisely way, like you said 5%...

there is only a roughly estimate about that numbers, which is probably wrong by a long shot, and anyway the lost coins will not affect the market so much, as many think, a 50% loss will equated a 100% more price nothing more

so 30% loss is equal to a less than +50% in price

[TheRealistMassiah1]

To remember that big businesses are accepting bitcoin to sell their products. Microsoft, Dell or another monsters of business are not stupid that accept bitcoin at the place of the fiat money. If the bitcoin has not perspective they lost money and they are not so stupid to accept this.

Do you want to know the truth??? ...

the amount of legitimate "transactions" for businesses through bitcoin is humiliating and depressingly small ... and those companies "accept bitcoin" for free publicity and press but to be honest it doesn't do JACK SQUAT for their business ...

they also LIQUIDATE the bitcoin IMMEDIATELY so that they assure that they have cash on hand for that transaction... so they pretty much use bitcoin as a facilitating contract transaction with a smaller clearing house for the payments ....

Addition: http://www.businessinsider.com/dell-becomes-biggest-company-to-accept-bitcoin-internationally-2015-2

Their biggest purchase from bitcoin was a "$50,000" purchase for a server using BITCOIN ... you know how SMALL of a purchase that is ...

that is BARELY even a SERVER RACK ... which a fully optimized rack would go for $200,000 -$400,000 and companies spend $1,000,000++ on one purchase from DELL not $50,000 that's like a drop compared to a full gallon of water.

I don't think you understood what it means to "create $1 million" ...  

The CEO created 1 million dollars in "assets" by himself aka you changing a few digits along with other factors like WILLY BOT ... which is well documented

Also to n2004al ... please relearn about supply and demand and the "death spiral" of assets .... every year 5% of bitcoins are lost and that's year over year so thus far a total of 30% of ALL bitcoins to date are "LOST" ...

which means that the price shouldn't be at "2xx" levels ... and from your speculation I don't think you understand how many people actually put bitcoin into use in terms of active wallets and total amount of wallets with 1 bitcoin or more ...

5% of bitcoins lost every year?

Where did you get the number from?

Seriously... Do you not do any research at all Brewins?

 take some time out of your day to enlighten yourself about assets especially about depreciation assets that don't regenerate ...

here are some articles for you:

http://www.telegraph.co.uk/technology/news/11362827/The-625m-lost-forever-the-phenomenon-of-disappearing-Bitcoins.html

https://letstalkbitcoin.com/blog/post/rise-of-the-zombie-bitcoins


Side note: for brewins , if you have no clue about any of these metrics you are far out of the game like most of the people in bitcoin are...

no you can't simply trust random source and say they are right, at present there is no good way to determinate how many coins are lost each year and surely not in such a precisely way, like you said 5%...

there is only a roughly estimate about that numbers, which is probably wrong by a long shot, and anyway the lost coins will not affect the market so much, as many think, a 50% loss will equated a 100% more price nothing more

so 30% loss is equal to a less than +50% in price

https://i.imgur.com/PZljCvE.png
^^^^^^^Addition: Knowing how lazy many of you are to read the article here is one of the many charts.

AMPH, You litterally didn't even read through the ARTICLE ....

How I can tell ...
because if you did then you can tell that by using statistics and date/data analysis of wallets and "inactive vs active accounts" using a regression charts back to 2010 and before then ... and from there you can extrapolate from that data... if you had any brains to understand metrics and data you would be able to understand the concept. But I can tell that from your past post that you are full bullish for bitcoin and have this cover of wool over your eyes to shield it from anything that you don't want to accept... but it all basically comes down to the numbers ... also in the articles the engineer basically points out those facts for you and accounting for cold storage and coin washing ... etc

TO MIRACAL What will be the incentive for miners within the next 5-10 years as the halvings and difficulty gets higher?? and then what happens when the rewards gets to 6btc or even 1 btc or less?? who would be paying those cost for the miners? Also I am sure you have heard of the quote "The future of money is not bitcoin and the future of bitcoin is not money" and bitcoin is not money in fact(look up my previous post I have several covering that topic) ... also  the infrastructure for bitcoin , even though its "decentralized" runs into exchanges and miner guilds in order to keep it running what happens when ONE or even BOTH fails?!?! what then?? And currently only 250,000 active bitcoin users with a wallet of 1.5 bitcoins or more... so purely all that exchange of bitcoin on the exchanges for those prices are ... well you guessed it! manipulated by the short flow of bitcoins in the exchange!

side note: Amph you should really  read those articles because you sound ignorant when responding without even reading or having the prior knowledge of the articles when commenting....

[Mickeyb]

1 million would not be enough to create the rise from 10 to 1200 in 2013

Exactly, these are just haters that cheer up every bad news about Bitcoin in the press, etc. They are not realizing that this is actually good for Bitcoin, this arrest. You need to clean up your yard before you start looking forward and this is exactly what is been done at the moment.

Bitcoin will be just fine, don't you people worry!

[TheRealistMassiah1]

Mickeyb, did you just read the first post and decide to yourself that... that post was the best to fit your brain's directive thinking and should be the basis for your response??

and then to comment with something that doesn't make any sense to his post of "1 million doesnt equate to 10-1200 2013"

I did clarify on the basics of Mark Karpeles changing the accounting in the system to generate additional PHANTOM assets by adding a few 0's to the end of an account and in doing so he created $1,000,000+ in extra phantom assets... also including the fact of WILLY BOT...

[foxbitcoin]

There are a ton of speculative theories on Willy's purpose, but it's basically impossible to know ,even if there was a bot, it's highly unlikely that it was solely responsible for the rise in price.

[gentlemand]

Lots of elements were culpable in the rises but it's hard to deny that Gox would've been a major player, especially April 2013 when it was still the biggest game in town by a mile.

As for November I'm sure it added plenty of fire but China certainly stoked it and then human nature carried the torch to infinity.

Anyway I'll see if I can sell some old crap on Ebay and buy a coin off someone for $1200 in public just for a sniff of the good old times.

[Cconvert2G36]

There are a ton of speculative theories on Willy's purpose, but it's basically impossible to know ,even if there was a bot, it's highly unlikely that it was solely responsible for the rise in price.

It didn't have to be solely responsible, it simply needed to tip the balance of supply & demand in the northward direction. Euphoria, greed, and fresh chinese gamblers do the rest.  

[TheRealistMassiah1]

There are a ton of speculative theories on Willy's purpose, but it's basically impossible to know ,even if there was a bot, it's highly unlikely that it was solely responsible for the rise in price.

To Foxbitcoin Sigh.... its the mass's and mass's of people like you that are uneducated and unwilling to do the research that makes the  understanding of bitcoin really difficult ...

Like the blind leading the blind (uneducated leading the uneducated) ... leads to more misunderstandings..

.... here are a few articles on the topic of WILLY BOT and other manipulation trades ....

https://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/

http://www.coindesk.com/bot-named-willy-did-mt-goxs-automated-trading-pump-bitcoin-price/


Sidenote: take the time to actually learn more about the reason why bitcoin reached 1200$/btc in the first place and the realization that bitcoin is a contract(commodity) / non tangible asset account which is used to transact between the exchange of a good and currency not currency itself ... look through my past posts to read more into it...

Addition: to Cconvert2G36 , in some part yes it did bring in the "lemmings" that decide to jump off the cliff with the crowd fueled "hype" towards $1200 ... but it was mostly due in part to WILLY BOT and other manipulation

since there was approximately addition of thousands of "investors" that poured in their money into bitcoin.

Addition: to gentlemand You are correct Mtgox WAS THE BIGGEST player... by a FAR FAR FAR MARGIN ... at the time they had a market grasp of atleast 70-80% at the time of the markets volume of trades if not even more at the hype due to "willy bot and manipulated trades"

[Cconvert2G36]

MassiahofRealist: Citation needed for "at least 70-80%"

From August 2013:

Chinese trading volume only went up from here, so...