billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 08, 2014, 03:36:38 PM |
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Here's a hypothesis I haven't heard before: The willybot was wasn't in in-house bot for Gox, but for Second Market, who used the "world's most established exchange" to buy in bulk. Most of the purchases were dark pool orders, but when that pool dried up, willy went to work. Now Gox is locked up and Second Market needs another source of bulk coins, so under the guise of a two-way exchange, they are actually buying on behalf of the bitcoin Investment Trust (BIT).
If anyone has made a purchase from 2nd Market, I will be happy to revise or discard this hypothesis, but I'd like some feedback either way. If I'm right, liquidity is being soaked up under the RADAR at a scale few are aware of.
Surely it would be easier for them to just move to Bitstamp? unless the amount of coins in Stamp's dark pool is insufficient for their needs. Do we know for a fact dark pools exist? Also does anyone know how many coins willy bought in total? I think it has bought a lot more than the BIT has reported over the past couple of months. I always thought willy was a bot buying for a fund, although I'm not sure if it was for Second Market and I don't think Second Market is using the guise of an exchange to add to their trust (at least I don't think that is their primary goal; I think they're genuinely moving towards offering a reputable exchange). Gox openly admits they have dark pools. So does CampBX, but I'm unsure about Stamp. Moving towards a reputable exchange and stocking up on coins for Hedge funds are not mutually exclusive. If I had to guess, Circle.com is going to open an exchange, so their may be competition in New York, which would mean downward pressure on trading fees. We ca only hope for now.
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KeyserSoze
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February 08, 2014, 03:49:11 PM |
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Gox openly admits they have dark pools. So does CampBX
A confirmed source has revealed CampBX only has dark puddles.
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Walsoraj
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February 08, 2014, 03:55:32 PM |
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Gox at $670, Stamp $707 and Campbx $755!
lol.
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pietje
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February 08, 2014, 03:59:13 PM |
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Gox at $670, Stamp $707 and Campbx $755!
lol.
In bitcoin, everything can happen within the timeframe of a few days.
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ChartBuddy
Legendary
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Activity: 2128
Merit: 1743
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 08, 2014, 04:02:27 PM |
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KFR
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February 08, 2014, 04:04:33 PM |
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What amazes me is that I lived in the US in the late eighties and kids were saying "awesome" then; its somehow managed to stay in fashion for 30 years and become a lazy global adjective.
Yeah dude that's sick.
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Richy_T
Legendary
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Activity: 2394
Merit: 2106
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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February 08, 2014, 04:05:37 PM |
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It's a bird. Maybe a crow or a dove? No, a pigeon about to crap on our dreams.
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fonzie
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February 08, 2014, 04:06:42 PM |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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February 08, 2014, 04:38:13 PM |
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Strange times.
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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February 08, 2014, 04:41:36 PM |
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Strange times.
Where the bulls? CCMF?
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surfer43
Sr. Member
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Activity: 560
Merit: 250
"Trading Platform of The Future!"
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February 08, 2014, 04:44:17 PM |
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Strange times.
Where the bulls? CCMF? CCMF!!! First to $100 so I increase my holdings and then 2 da moon! ┗(°0°)┛ . .○
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dgarcia
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February 08, 2014, 04:56:41 PM |
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Hes always been a bull..... spreading FUD and trolling to scare noobs in order to buy lower.
Yeah, Fonzie is a big market maker. If Fonzie says Sell... ...everyone sells. <3 Fonzie hard bearish trolling.
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podyx
Legendary
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Activity: 2338
Merit: 1035
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February 08, 2014, 05:00:34 PM |
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Hes always been a bull..... spreading FUD and trolling to scare noobs in order to buy lower.
Yeah, Fonzie is a big market maker. If Fonzie says Sell... ...everyone sells. <3 Fonzie hard bearish trolling. hey, hes just trying to get cheap coins like everybody else would if they had fiat cant blame him
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ChartBuddy
Legendary
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Activity: 2128
Merit: 1743
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 08, 2014, 05:02:18 PM |
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ChartBuddy
Legendary
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Activity: 2128
Merit: 1743
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 08, 2014, 06:02:23 PM |
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FTWbitcoinFTW
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February 08, 2014, 06:26:53 PM |
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Yes, soon the price will go up or down Nice catch Soon?
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DougTanner
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February 08, 2014, 06:31:20 PM |
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Yes, soon the price will go up or down Nice catch
It might also go sideways all weekend!
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mah87
Donator
Hero Member
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Activity: 756
Merit: 500
-Bitcoin & Ripple-
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February 08, 2014, 06:40:47 PM |
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Yes, soon the price will go up or down Nice catch
It might also go sideways all weekend! Bitcoin is going down to 100$
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empowering
Legendary
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Activity: 1078
Merit: 1441
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February 08, 2014, 06:41:48 PM |
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Yes, soon the price will go up or down Nice catch
It might also go sideways all weekend! Bitcoin is going down to 100$ Your mumma goes down for less... so I hear...
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