Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[fonzie]

This bot is probably buying his own asks, to give the illusion that the exchange isn´t dead. Is the sum of total asks on Gox goin down? Where can i see those numbers?

http://www.bitcoinx.com/charts1/depth_mtgox.png
http://blockchained.com/depth_mtgox_15d.png

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).

[adamstgBit]

This bot is probably buying his own asks, to give the illusion that the exchange isn´t dead. Is the sum of total asks on Gox goin down? Where can i see those numbers?

http://www.bitcoinx.com/charts1/depth_mtgox.png
http://blockchained.com/depth_mtgox_15d.png

I wish these charts could use stamps  data

Um, weren't they talking about Gox?

thats the problem

[Ducky1]

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

[adamstgBit]

willy is cool for buying shit tons of bitcoin and all.

but willy's evil twin billy will save my ass.

[JimboToronto]

Um, weren't they talking about Gox?

thats the problem

Gox or the fact they were talking about it?  
______

Virtex  can be annoying at times but as exchanges go, it's not too bad for us Canucks.

[DaRude]

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...

[WeltMaster]

This bot is probably buying his own asks, to give the illusion that the exchange isn´t dead. Is the sum of total asks on Gox goin down? Where can i see those numbers?

http://www.bitcoinx.com/charts1/depth_mtgox.png
http://blockchained.com/depth_mtgox_15d.png

I wish these charts could use stamps  data

Best I know of is http://bitcoin-analytics.com/

This only goes as far back as 1 day tho afaik.

[fonzie]

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".

[adamstgBit]

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...

[adamstgBit]

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".

 

link?

[fonzie]

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

[adamstgBit]

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

[fonzie]

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".

 

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" 

[fonzie]

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.

[WeltMaster]

"FUD Observer - Doge meme tracking & flaming"

Edit: Next rally out of dirty fiat soon?

[Dragonkiller]

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

[adamstgBit]

http://www.youtube.com/watch?v=UP1YsMlrfF0

that should stop some of the FUD....

[Stevenrm87]

buys eating up the sell walls on btc-e

[fonzie]

http://www.youtube.com/watch?v=UP1YsMlrfF0

that should stop some of the FUD....

He looks kinda scared, is there a gun pointed at him while he´s reading his text from a teleprompter. 

[adamstgBit]

http://www.youtube.com/watch?v=UP1YsMlrfF0

that should stop some of the FUD....

He looks kinda scared, is there a gun pointed at him while he´s reading his text from a teleprompter.  

noooo.....

i    dont   think sooo.....    

omg get the fuck off gox now!!!!!!!!!!!! GO GO GO!


*hides in apparent sized closet in obama's bunker*