fonzie
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January 21, 2014, 11:09:16 PM |
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Thanks, so it seems that they should run out of coins in the next 10 days :-) . Which would be by the end of the month. January 31 is going to be exciting as by then you can´t get coins and money out of Gox and also the China withdrawls officially stop by then(whatever that means).
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adamstgBit
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January 21, 2014, 11:09:29 PM |
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I wish these charts could use stamps data Um, weren't they talking about Gox? thats the problem
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Ducky1
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January 21, 2014, 11:10:12 PM |
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This bot is probably buying his own asks, to give the illusion that the exchange isn´t dead.90% of all trades on Gox are created by willy. Is the sum of total asks on Gox goin down? Where can i see those numbers?
You can follow the numbers here also: trading.i286.org/# It was at 23000-24000 before "willy" started chewing Edit: and last time he "chewed it went down to 15000-ish
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adamstgBit
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January 21, 2014, 11:12:03 PM |
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willy is cool for buying shit tons of bitcoin and all.
but willy's evil twin billy will save my ass.
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JimboToronto
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You're never too old to think young.
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January 21, 2014, 11:14:54 PM |
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Um, weren't they talking about Gox?
thats the problem Gox or the fact they were talking about it? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ______ Virtex can be annoying at times but as exchanges go, it's not too bad for us Canucks.
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DaRude
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In order to dump coins one must have coins
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January 21, 2014, 11:15:23 PM |
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Okay. There is Willy on the side of Gox, buying all the coins and even does not care for nothing more than buying no matter which price. That's one reason for the existing big price differences between the exchanges.
But to ask another time:
What the fuck is going on with stamp?
There are popping up sell offers for hundreds of coins, even below the price of BTC-E and Huobi, what is really abnormal. And it seems like there is no motivation to close the gap to BTC-E and Huobi.
Any idea?
Willy has little to do with the gap. Looks like gox is having some (unconfirmed) issues with JPY withdrawals. Haven't been processed in few days (they blame on holidays). Now it's much harder to arb thus the gap grows. When/If they fix their JPY withdraws the gap will close. Willy is just buying up coins for some fund not sure how many thousand BTC he bought up so far, but whatever price he gets now at 10-20BTC a pop is still MUCH cheaper than the slippage he'd get with one market buy. So pretty bullish i say, just takes forever to buy up those coins on btc-e and stamp with these low volumes. But one brick at a time the walls will fall...
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fonzie
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January 21, 2014, 11:19:10 PM |
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I´m just wondering about the fact that someone also must put in these 10-25 BTC asks all the time. As soon as one gets bought another one appears for nearly the same price. I doubt that this is a pure coincidence.
Edit: The news that Gox isn´t doin JPY withdrawls anymore is also "funny".
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adamstgBit
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January 21, 2014, 11:22:09 PM |
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Just struck me that a possible explanation for the "Willy" buybot on Gox is that Magical Tux does not have enough coins to make his depositors whole. If he is indeed illegally operating as a fractional reserve, then he would need more and more coins to keep the illusion going. With the fiat withdrawal backlog, the bot could be buying with money that is supposed to be pending for withdrawal. For all we know, he already left town. When was Mark K's last known public appearance?
why wouldn't they buy on btc-e or stamps...
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adamstgBit
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January 21, 2014, 11:22:51 PM |
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I´m just wondering about the fact that someone also must put in these 10-25 BTC asks all the time. As soon as one gets bought another one appears for nearly the same price. I doubt that this is a pure coincidence.
Edit: The news that Gox isn´t doin JPY withdrawls anymore is also "funny".
![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) link?
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fonzie
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January 21, 2014, 11:23:40 PM |
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Just struck me that a possible explanation for the "Willy" buybot on Gox is that Magical Tux does not have enough coins to make his depositors whole. If he is indeed illegally operating as a fractional reserve, then he would need more and more coins to keep the illusion going. With the fiat withdrawal backlog, the bot could be buying with money that is supposed to be pending for withdrawal. For all we know, he already left town. When was Mark K's last known public appearance?
why wouldn't they buy on btc-e or stamps... because their Goxbux are stuck in there
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adamstgBit
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January 21, 2014, 11:24:28 PM |
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Just struck me that a possible explanation for the "Willy" buybot on Gox is that Magical Tux does not have enough coins to make his depositors whole. If he is indeed illegally operating as a fractional reserve, then he would need more and more coins to keep the illusion going. With the fiat withdrawal backlog, the bot could be buying with money that is supposed to be pending for withdrawal. For all we know, he already left town. When was Mark K's last known public appearance?
why wouldn't they buy on btc-e or stamps... because their Goxbux are stuck in there in their bank? LOL i guess thats possible
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fonzie
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January 21, 2014, 11:31:59 PM |
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I´m just wondering about the fact that someone also must put in these 10-25 BTC asks all the time. As soon as one gets bought another one appears for nearly the same price. I doubt that this is a pure coincidence.
Edit: The news that Gox isn´t doin JPY withdrawls anymore is also "funny".
![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) link? I have red some complaints in Twitter and also in the Gathering Thread here in the forum. There were also new complaints about problems with BTC withdrawls. In a few weeks there won´t be any real money or BTC over there and they will act from then on as a pure business simulation game. "Tycoon - Gox edition" ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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fonzie
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January 21, 2014, 11:38:18 PM |
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Just struck me that a possible explanation for the "Willy" buybot on Gox is that Magical Tux does not have enough coins to make his depositors whole. If he is indeed illegally operating as a fractional reserve, then he would need more and more coins to keep the illusion going. With the fiat withdrawal backlog, the bot could be buying with money that is supposed to be pending for withdrawal. For all we know, he already left town. When was Mark K's last known public appearance?
why wouldn't they buy on btc-e or stamps... because their Goxbux are stuck in there in their bank? LOL i guess thats possible Goxbuxs is ponzi money for all we know. They can print as much as they want. So you assume they buy the last real remaining BTC with bogus money. That would be nasty even for Gox standards.
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WeltMaster
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January 21, 2014, 11:40:03 PM |
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"FUD Observer - Doge meme tracking & flaming" Edit: Next rally out of dirty fiat soon? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Dragonkiller
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Super Smash Bros. Ultimate Available Now!
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January 21, 2014, 11:44:34 PM |
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Just struck me that a possible explanation for the "Willy" buybot on Gox is that Magical Tux does not have enough coins to make his depositors whole. If he is indeed illegally operating as a fractional reserve, then he would need more and more coins to keep the illusion going. With the fiat withdrawal backlog, the bot could be buying with money that is supposed to be pending for withdrawal. For all we know, he already left town. When was Mark K's last known public appearance?
why wouldn't they buy on btc-e or stamps... because their Goxbux are stuck in there in their bank? LOL i guess thats possible Goxbuxs is ponzi money for all we know. They can print as much as they want. Edit. For all we know mark is buying real btc on gox with fake usd and selling on stamp for real usd. He would not care about the spreed. doesn't he have enough coins already? why would he stoop so low
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adamstgBit
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January 21, 2014, 11:47:05 PM |
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Stevenrm87
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January 21, 2014, 11:47:49 PM |
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buys eating up the sell walls on btc-e
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fonzie
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January 21, 2014, 11:49:38 PM |
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adamstgBit
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January 21, 2014, 11:55:19 PM |
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