The existence of a rich person or people working together isn't even up for debate. Someone with HUGE pockets has massive walls up. Those walls are put up and and taken down instantly all the time, generally at key times when action is happening. If you haven't seen those, you shouldn't be commenting. The fact these massive walls appear and disappear instantly, along with how they are used, is plenty of proof that a very rich 'person' exists.
I never disputed that there was someone with deep pockets trading on MtGox. I've seen the bid-walls. The fact that they appear and disappear instantly to me implies that it is a bot doing the ordering.
You just seem to have a huge problem with them being called "The Manipulator" even though it fits with your provided definition. There was a massive 10000btc sell that crashed everything at 6.90 which may or may not have been the same person. "His" exact goal can only be speculated, but that goal is really the only aspect that remains up for debate, not the "persons" existence. You can see the walls just like everyone else.
said 'his' actions fit the title of "manipulator."
I say that 'his' actions are the result of an algorithm that determines that $5.00 is a great place to buy, so 'he' goes all in, or mostly in, depending on the calculated risk involved. As the wall is bought or sold into, 'he' gets new data saying, "hmm, maybe I could actually be buying for a lower price." Wall disappears, moves somewhere else.
All this bot is trying to do is TRADE.
Purposefully playing with a small market with tons of money or doing so accidentally through ignorance achieves the same result. Calling it 'the manipulator' 'it' 'he' 'she' 'the conductor', it is all the same. The market is affected. So what is your theory? All you've done is talk shit. Why is the 17000btc sitting there at $7? Why was the 12000btc sitting at $5 until yesterday when the price got close? Why has this been happening for almost two months? Why does "THE CONDUCTOR" make these walls? Please regale us with your 'non idiot' wisdom.
As someone else said, throwing up walls of that size with the intent to squelch volatility is the opposite of what an experienced trader wants and even LESS of what a bot, who can make thousands of transactions more than humans can, wants. "The Manipulator" is simply an algorithm that occasionally does stupid things based on data it receives.
So why is a 17000 BTC wall at $7? Because, if for whatever reason, someone were to buy extremely quickly up to $7, even a bot knows that it probably won't stay that high for long. It wants to get rid of as many coins at $7 as possible. $8 would be way too far out there to ever get a hit. $6 is a more reasonable sell point. It likely has a few coins sitting out there at $6, just to blend risk.
Anyway, if you're using mtgoxlive to guide to your trading, you're doing it wrong. It only represents what might happen a few seconds into the future - a few minutes at most. That's why it's good for bots, but not good for humans. It's certainly fascinating to watch and I use it to see when my orders have been filled instead of bashing F5 on the exchange... Other than that, I get waaaaaaaay more out of looking at bitcoincharts with an array of moving average views...