bryant.coleman
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August 21, 2016, 06:40:22 PM |
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it wasn't all willy bot's work but it did most of the work. also today, willy bots still exist. it is not really rocket science to be a big exchange service and manipulate the market like that back in 2013 ish. the only difference would be the fact that there are more than one big exchange site and more willy bots working.
Back then, it was quite easy. Mt Gox had a huge market share (only BTC-e was a major competitor), and most of the other exchanges followed the trends in Gox. But right now, I don't believe that any single exchange is having more than 20% market-share. Also, experienced users are aware about the various market manipulation tactics.
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richardsNY
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Activity: 1232
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August 21, 2016, 07:01:32 PM |
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it wasn't all willy bot's work but it did most of the work. also today, willy bots still exist. it is not really rocket science to be a big exchange service and manipulate the market like that back in 2013 ish. the only difference would be the fact that there are more than one big exchange site and more willy bots working.
Back then, it was quite easy. Mt Gox had a huge market share (only BTC-e was a major competitor), and most of the other exchanges followed the trends in Gox. But right now, I don't believe that any single exchange is having more than 20% market-share. Also, experienced users are aware about the various market manipulation tactics. What about giant exchanges OKCoin and Huobi? They stand for the far majority of all the volume in the world. Yes, a good portion of this volume might be fake, but USD exchanges do exactly the same thing to make their daily volumes look decent.
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Mastker
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August 22, 2016, 05:17:24 PM |
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it wasn't all willy bot's work but it did most of the work. also today, willy bots still exist. it is not really rocket science to be a big exchange service and manipulate the market like that back in 2013 ish. the only difference would be the fact that there are more than one big exchange site and more willy bots working.
Back then, it was quite easy. Mt Gox had a huge market share (only BTC-e was a major competitor), and most of the other exchanges followed the trends in Gox. But right now, I don't believe that any single exchange is having more than 20% market-share. Also, experienced users are aware about the various market manipulation tactics. What about giant exchanges OKCoin and Huobi? They stand for the far majority of all the volume in the world. Yes, a good portion of this volume might be fake, but USD exchanges do exactly the same thing to make their daily volumes look decent. Their trading fee is 0%. So their volume is fake. For most dollar exchanges, they charge trading fee, so the volume is more real.
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gentlemand
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Welt Am Draht
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August 22, 2016, 05:23:26 PM |
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Their trading fee is 0%. So their volume is fake. For most dollar exchanges, they charge trading fee, so the volume is more real.
Most of them are black holes and it's impossible to tell what goes on in there. Had it not occurred to you that they might pay their own fee?
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richardsNY
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Activity: 1232
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August 22, 2016, 06:01:58 PM |
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it wasn't all willy bot's work but it did most of the work. also today, willy bots still exist. it is not really rocket science to be a big exchange service and manipulate the market like that back in 2013 ish. the only difference would be the fact that there are more than one big exchange site and more willy bots working.
Back then, it was quite easy. Mt Gox had a huge market share (only BTC-e was a major competitor), and most of the other exchanges followed the trends in Gox. But right now, I don't believe that any single exchange is having more than 20% market-share. Also, experienced users are aware about the various market manipulation tactics. What about giant exchanges OKCoin and Huobi? They stand for the far majority of all the volume in the world. Yes, a good portion of this volume might be fake, but USD exchanges do exactly the same thing to make their daily volumes look decent. Their trading fee is 0%. So their volume is fake. For most dollar exchanges, they charge trading fee, so the volume is more real. As I said before, a good portion of this volume might be fake. But let's do this. I'll make a list of trading volumes of the last 30 days where I cut Huobi and OKCoin's volumes by 70% while all other exchanges their volumes stay as they are. OKCoin 5,730,000 BTC Huobi 3,180,000 BTC BTCChina 2,970,000 BTC LakeBTC 682,000 BTC Bitfinex 270,000 BTC itBit 241,000 BTC BTC-e 201,000 BTC Kraken 200,000 BTC And the list goes on...
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bryant.coleman
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Activity: 3752
Merit: 1217
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August 22, 2016, 06:28:11 PM |
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it wasn't all willy bot's work but it did most of the work. also today, willy bots still exist. it is not really rocket science to be a big exchange service and manipulate the market like that back in 2013 ish. the only difference would be the fact that there are more than one big exchange site and more willy bots working.
Back then, it was quite easy. Mt Gox had a huge market share (only BTC-e was a major competitor), and most of the other exchanges followed the trends in Gox. But right now, I don't believe that any single exchange is having more than 20% market-share. Also, experienced users are aware about the various market manipulation tactics. What about giant exchanges OKCoin and Huobi? They stand for the far majority of all the volume in the world. Yes, a good portion of this volume might be fake, but USD exchanges do exactly the same thing to make their daily volumes look decent. OKCoin and Huobi were not major players back in 2013. Even BTC China had (real) trade volumes far lower than that of Mt Gox and BTC-e. That said, I am talking about normal trading. The Chinese exchanges were on top when margin trading was taken into account. Also, Huobi inflates their trading data using auto-trade programs.
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oblivi
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August 22, 2016, 06:37:44 PM |
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The countdown is January 17th, I think that da there will be a press conference where Kim Dotcom will have to explain his so called ""block size wars" solution."
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richardsNY
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Activity: 1232
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August 22, 2016, 07:08:46 PM |
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it wasn't all willy bot's work but it did most of the work. also today, willy bots still exist. it is not really rocket science to be a big exchange service and manipulate the market like that back in 2013 ish. the only difference would be the fact that there are more than one big exchange site and more willy bots working.
Back then, it was quite easy. Mt Gox had a huge market share (only BTC-e was a major competitor), and most of the other exchanges followed the trends in Gox. But right now, I don't believe that any single exchange is having more than 20% market-share. Also, experienced users are aware about the various market manipulation tactics. What about giant exchanges OKCoin and Huobi? They stand for the far majority of all the volume in the world. Yes, a good portion of this volume might be fake, but USD exchanges do exactly the same thing to make their daily volumes look decent. OKCoin and Huobi were not major players back in 2013. Even BTC China had (real) trade volumes far lower than that of Mt Gox and BTC-e. That said, I am talking about normal trading. The Chinese exchanges were on top when margin trading was taken into account. Also, Huobi inflates their trading data using auto-trade programs. Maybe that I needed to point it out to make clear what I was referring to, but I'll quote it now. But right now, I don't believe that any single exchange is having more than 20% market-share.
Even when you take out the far majority of the trading volumes of OKCoin and Huobi, they are still by far infront of other exchanges. And then I haven't even been talking about the fake volumes of the USD exchanges. Let's see what's left from that when you take away the fake volume.
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zimmah
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August 22, 2016, 11:25:13 PM |
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I thought 2000 usd is a piece of cake for bitcoin in 2016 but it looks I need to postpone that goal to 2017 thanks to bitfinex scandal.
bitfinex is not the only problem. most people were expecting a much higher price after the halving. and scaling seems to be a problem still. this is one of the main problems, and has been for a while. there is a lot of disagreement about scaling, and a lot of lies. even before the halving, we were supposed to have Lightning and SegWit active, as well as at least 2MB blocks. None of these things happened yet, even though we are much further. Not only did none of these things happen when they were promised, there is not even any information on when, if ever, they will arrive. Some people took action and are now making a fork (which in my opinion is the right thing to do), but this might also create some FUD. bitcoin could have been so much better of if all this didn't happen. But i think once this FUD is over bitcoin can finally climb, and it will rise to values never seen before, and few people can even dream of. I would not be surprised to see bitcoin blast all the way to 6 digits the next time it really takes of. And this may happen anywhere between 2017 and 2021 or so.
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TastyChillySauce00
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August 23, 2016, 02:05:59 PM |
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Lets not thought kim Dotcom of his predict, this could take place in the future who knows....been hearing conversation about this...though it might seem untrue untill we see it in taking place action...it might be true to what kim...though btc value changes, but still we can see rise...
atleast he's backed up his statement/speculation with some plan and action,he'll release bitcache so it does make sense if he's speculating,although i'm sure this service might give an affect to bitcoin,beside of it, whether it'll be success or not it's all about the time yes if talking about the highest price was only a matter of time, I am also not sure if the high price to be achieved in a short time, it always takes a long time. but this statement is good, at least make people believe and support by buying bitcoin so quickly achieved a high price. The statement of Kim doesn't do good, and will not do good. Mainly because some noobs now expect the price to reach $2000 next year. The price will probably not even reach $1000 next year, so imagine what all these disappointed noobs will do. They will put all blame on Bitcoin... You are right, make predictions very high can lead to take a bad decision when making an investment, at least by the most inexperienced, for example, those who bought at $1000 each BTC still they have to be disappointed, or worst they sold at a considerable loss. just don't expect too much,anything which is hyped from the start will lead dissapointment at the end if there's some disadvantages just see kimdotcom's statement as a speculation by another people,then if it's really give a quite good affect even didn't reach what the speculation just aimed,it'll be fine,some newbie should learn about this
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wavefan
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August 23, 2016, 03:59:42 PM |
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OMG !! BTC=$2000 ? i don't know who is Kim Dotcom but pretty sure he'is holding a lot's of bitcoin
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Farma
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August 23, 2016, 04:23:30 PM |
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OMG !! BTC=$2000 ? i don't know who is Kim Dotcom but pretty sure he'is holding a lot's of bitcoin Well, I guess it is predicted very good for us to hear. but until now bitcoin prices still stable, I do not expect too high a price bitcoin, but I expect the price of bitcoin in early 2017 was above $ 1000, and I guess if it really happens, it will make users very happy bitcoin
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