esse83
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November 04, 2014, 06:40:32 PM |
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I read that hearsay when it came out - released to do as much market damage as possible. I mean't proof, not just someone's blog. Ok then I can't help you. But I can tell you that it is in fact accurate and based on the leaked trade logs from MtGox. Also Willy was well known in the trading community, I personally observed it for months (not that I add any credibility to the story). If you decide to just view it as the most elaborate FUD ever produced then go ahead.
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JorgeStolfi
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November 04, 2014, 06:44:17 PM |
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Willy was probably the buying end of an arbitrage pump at MtGOX, the selling end being perhaps at BTC-China.
No way in hell. MtGox could not absorb hundreds of thousands of coins being taken off the market without going well in to the 10000's/BTC It was fake money buying real BTC. Most logical explanation. I did not say that it was real money. In fact, that is my explanation too for what happened to those 660'000 BTC.
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NotLambchop
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November 04, 2014, 06:48:04 PM |
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... I read that hearsay when it came out - released to do as much market damage as possible...
You and Bitcoin. Just can't get an even break
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JimboToronto
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You're never too old to think young.
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November 04, 2014, 06:53:33 PM |
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Good morning (afternoon?) Bitcoinland. Same price as yesterday I see. Guess I'd better go down the street and buy another coin or two. But first, mmmmmm coffee, mocha-java, full city roast.
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cbeast
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Let's talk governance, lipstick, and pigs.
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November 04, 2014, 06:57:12 PM |
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Good morning (afternoon?) Bitcoinland. Same price as yesterday I see. Guess I'd better go down the street and buy another coin or two. But first, mmmmmm coffee, mocha-java, full city roast.
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elasticband
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Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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November 04, 2014, 06:57:48 PM |
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does anyone want to claim my bitstamp account? It's really not worth my time to give them my identity so if anyone wants to claim it please PM me Account value:$0.72BTC balance:0.00000000 BTCUSD balance:$0.72
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WeGotCactus
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November 04, 2014, 06:58:25 PM |
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[ ... ] using BTCChina to crash. Volume reported by bitcoincharts is greater than Bitstamp, Bitfinex and BTC-E together, so it could be fake.
Since about Oct/10, BTC-China's volume has been comparable to what it was in Nov 2013 (~50--60 kBTC/day). During the Nov bubble, OKCoin was ~30 kBTC/day, Huobi ~20, MtGOX ~25, Bitstamp ~20, BTC-e ~20, Bitfinex ~5. After the december decrees, BTC-China they lost nearly all their volume, while Huobi and OKCoin grew. The November bubble cannot have been solely a MtGOX internal mega-pump. There is a plausible explanation for it, which is the opening of the huge Chinese mainland market of amateur speculators. That demand required huge arbitrage activity, buying hundreds of thousands of coins in the "Western" exchanges (including MtGOX) and selling them to speculators and holders in China. Arbitragers (which were probably exchange owners) must have made tons of money that month. Willy was probably the buying end of an arbitrage pump at MtGOX, the selling end being perhaps at BTC-China. No way in hell. MtGox could not absorb hundreds of thousands of coins being taken off the market without going well in to the 10000's/BTC It was fake money buying real BTC. Most logical explanation. I've heard that before. Can you explain where the BTC are if the bot actually purchased them with fake money? I've never seen any explanation proving that Gox ever had those actual BTC.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 04, 2014, 07:00:26 PM |
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rebuilder
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November 04, 2014, 07:05:57 PM |
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It was fake money buying real BTC. Most logical explanation.
I've heard that before. Can you explain where the BTC are if the bot actually purchased them with fake money? I've never seen any explanation proving that Gox ever had those actual BTC. As I understand it, the theory is that mtgox lost a lot of coins to one or several hacks way back, and kept it quiet. They then proceeded to "buy" BTC with fake usd on their platform, hoping to leverage that into sufficient arbitrage profits to recoup the coins they had lost.
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noobtrader
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November 04, 2014, 07:07:50 PM |
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does anyone want to claim my bitstamp account? It's really not worth my time to give them my identity so if anyone wants to claim it please PM me Account value:$0.72BTC balance:0.00000000 BTCUSD balance:$0.72 put one btc in there, i will claim it.
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podyx
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November 04, 2014, 07:10:13 PM |
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We would all be wealthy assholes, so why not?
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yraskk
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November 04, 2014, 07:11:51 PM |
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Go bitcoin go ! Why this price is always stopping around 310-330$? Move on man ! hope that a new bubble will coming as soon as possible.
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elasticband
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Nighty Night Don't Let The Trolls Bite Nom Nom Nom
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November 04, 2014, 07:12:16 PM |
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does anyone want to claim my bitstamp account? It's really not worth my time to give them my identity so if anyone wants to claim it please PM me Account value:$0.72BTC balance:0.00000000 BTCUSD balance:$0.72 put one btc in there, i will claim it. I tried BITCOIN DEPOSIT IDENTITY VERIFICATION REQUIRED. PLEASE VERIFY YOUR ACCOUNT TO PROCEED.
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blatchcorn
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November 04, 2014, 07:32:25 PM |
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We would all be wealthy assholes, so why not? This effect is proof that the willy bot did nothing. If it was as simple as making a bot to drive the price up, the exchanges would have made another bot by now.
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derpinheimer
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November 04, 2014, 07:37:03 PM |
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We would all be wealthy assholes, so why not? This effect is proof that the willy bot did nothing. If it was as simple as making a bot to drive the price up, the exchanges would have made another bot by now. Uh, well.. it would be highly illegal. Not sure you understand what you're actually saying. Actually, I'm certain you dont.
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rebuilder
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November 04, 2014, 07:39:06 PM |
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We would all be wealthy assholes, so why not? This effect is proof that the willy bot did nothing. If it was as simple as making a bot to drive the price up, the exchanges would have made another bot by now. I'd like to point out it didn't work so well for gox in the end.
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Omikifuse
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November 04, 2014, 07:40:01 PM |
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why is the poll still about the prices on halloween?
Or is it about the next year's haloween?
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JorgeStolfi
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November 04, 2014, 07:46:39 PM |
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No way in hell. MtGox could not absorb hundreds of thousands of coins being taken off the market without going well in to the 10000's/BTC
It was fake money buying real BTC. Most logical explanation.
I've heard that before. Can you explain where the BTC are if the bot actually purchased them with fake money? I've never seen any explanation proving that Gox ever had those actual BTC. [/quote] Here is a scenario: since sometime in 2013, when the demand in China starte to rise, someone at MtGOX bought 800'000 of coins from other customers, mostly 10% above market, with imaginary money. He sent the coins to China, selling them there for yuan. The plan was to get the yuan converted to dollars and deposit the latter at MtGOX, to make good on those purchases. The PBoC decrees however made that impossible (or someone embezzled the money on the way).
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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November 04, 2014, 07:51:37 PM |
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We would all be wealthy assholes, so why not? This effect is proof that the willy bot did nothing. If it was as simple as making a bot to drive the price up, the exchanges would have made another bot by now. Uh, well.. it would be highly illegal. Not sure you understand what you're actually saying. Actually, I'm certain you dont. "highly illegal?" What would be illegal? A lot of the BTC world is unregulated no? unless you are talking about some kind of common law fraud, then that is a different story... but largely, at this time, insider trading rules do NOT apply to BTC does it?
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