Ron~Popeil
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2014, 05:51:46 PM |
|
There are bots everywhere. I get hundreds of e-mails a month for forex bots alone. The current market says no big deal and I tend to agree with it.
|
|
|
|
GigaBit
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2014, 05:56:54 PM |
|
Just like they caused every boom and crash in history. Well, not robots but the original stock ticker (Named so because it ticked like a clock) was a machine. Bots are used in every exchange and are built to favor the growth of the stock's price rather than penalizing it. The higher the amount of transactions, the bots do it automatically to sell more of that stock and crank up the price. Not much difference with any other market... However, when prices crash, the bot follows along to fill the sale demand. Not depressing, it's facts of life ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
helmax
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2014, 07:04:54 PM |
|
so they can increase price anytime and can play with us
|
looking job
|
|
|
SomethingElse
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 210
Merit: 100
Looking for the next big thing
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2014, 10:47:21 PM |
|
When a bot raises the price so much that it becomes out of proportion to the float (the amount willing to be sold) then the market will crash, but as long as people are willing to buy and sell, it will be okay. On Forex the bots push the price up and up and up and then cash out. The last people to have bought are bag holders. This is also a constantly repeated in crypto over and over. The bots are making a killing at day trading. I think darkcoin was recently pumped too. NXT seems to have been pumped but is holding its price now just like bitcoin.
|
NEM
|
|
|
BTCisthefuture
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2014, 11:41:47 PM |
|
interesting news indeed. although i don't find it too shocking, one way or another there's always some sort of heavy manipulation going on with things involving money...whether it be stocks, commodities, bitcoin etc etc.
|
|
|
|
ranlo
Legendary
Offline
Activity: 1988
Merit: 1007
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2014, 11:44:49 PM |
|
Willie account was posted at least 4 months ago on Reddit HERE and HERE with the suspicious trading activity and potentially inflated prices. Article is lifted from old material, although well pieced together with pictures and charts. It's old news, market has already priced it in. How exactly willie story is disproved? or proved? because both can have a lot of effect over the market Likely it will never be proved or disproved as even though you could theoretically prove it was from inside Gox you can't prove they were operating them or knew. I read over the entire thing (which took quite a while) and I left without an opinion one way or another myself. We can read into it and make assumptions like the writer did, or we can think critically and all come up with other opinions as to what happened and who did it. I am reserving judgement myself.
|
|
|
|
zetaray
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2014, 12:19:39 AM |
|
There are bots in stock exchange aswell. They are accepted as part of the equity ecosystem. I admit the gox bot is different. They are trading vapour fiat. The bots are not the only reason we get those booms, they only accelerated them.
|
|
|
|
Ron~Popeil
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2014, 12:34:10 AM |
|
The market inevitably corrects these bubbles no matter how they are created. Watch the stock markets when the fed finally starts raising interest rates.
|
|
|
|
Bitcoinpro
Legendary
Offline
Activity: 1344
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2014, 12:35:58 AM |
|
willy the trading bot just bought my coffee and blew the change ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.waleg.com%2Fimages%2Fobama-jproboto-funny.jpg&t=665&c=WaMGsA1g_R7y0g)
|
WWW.FACEBOOK.COM
CRYPTOCURRENCY CENTRAL BANK
LTC: LP7bcFENVL9vdmUVea1M6FMyjSmUfsMVYf
|
|
|
jonald_fyookball
Legendary
Offline
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2014, 01:12:07 AM |
|
STOP spreading FUD. Who cares what caused the price increase 6 months ago.
Thank you. nuff said here. you can close the thread now.
|
|
|
|
Beliathon
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2014, 01:16:10 AM |
|
It's shocking and depressing reading how stupid you people are.STOP spreading FUD. Who cares what caused the price increase 6 months ago.
QFT
|
|
|
|
MasterKey
Newbie
Offline
Activity: 28
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2014, 05:28:51 AM |
|
What is driving the BTC price now? Is it bots?
|
|
|
|
Swordsoffreedom
Legendary
Offline
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2014, 05:31:30 AM |
|
So the argument is that Bots secretly control the price I think it overvalues the influence the bot has
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
ranlo
Legendary
Offline
Activity: 1988
Merit: 1007
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2014, 05:41:12 AM |
|
What is driving the BTC price now? Is it bots?
Places like Facebook, eBay and PayPal are driving it with their news I think. There hasn't been anything "official" yet, but all three have been in talks about accepting Bitcoin lately.
|
|
|
|
waldox
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2014, 05:46:57 PM |
|
i remember in the 2013 china buy up btc china had a consistent 20% markup on price vs bitstamp and more volume too so willy may have had an impact but it would be small compared to china
|
|
|
|
atc1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2014, 06:07:51 PM |
|
How does it even matter if bots had anything to do with the price? As long as there are people who are willing to purchase at a given price,then that price is the one that matters.
|
|
|
|
ranlo
Legendary
Offline
Activity: 1988
Merit: 1007
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 28, 2014, 04:54:33 AM |
|
How does it even matter if bots had anything to do with the price? As long as there are people who are willing to purchase at a given price,then that price is the one that matters.
I think it upsets people because of the community aspect. When one person buys, others view that as being an accurate description of its value. When the bots buy 10k BTC at fake rates, others feel that it must be how the market is doing when it's really not. This causes the prices to go up (or down) according to fake data.
|
|
|
|
jonald_fyookball
Legendary
Offline
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 28, 2014, 05:03:29 AM |
|
How does it even matter if bots had anything to do with the price? As long as there are people who are willing to purchase at a given price,then that price is the one that matters.
I think it upsets people because of the community aspect. When one person buys, others view that as being an accurate description of its value. When the bots buy 10k BTC at fake rates, others feel that it must be how the market is doing when it's really not. This causes the prices to go up (or down) according to fake data. The whole story about bots is pretty much irrelevant because there were probably layers of shenanigans going on at Gox. Gox prices were out of line with the rest of the market and couldnt be arbitraged back because of the withdrawal issues. If manipulation were to start occuring a major brokerage or exchange right now (bots or no bots), they would lose money to arbitragers.
|
|
|
|
ranlo
Legendary
Offline
Activity: 1988
Merit: 1007
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 28, 2014, 05:18:08 AM |
|
How does it even matter if bots had anything to do with the price? As long as there are people who are willing to purchase at a given price,then that price is the one that matters.
I think it upsets people because of the community aspect. When one person buys, others view that as being an accurate description of its value. When the bots buy 10k BTC at fake rates, others feel that it must be how the market is doing when it's really not. This causes the prices to go up (or down) according to fake data. The whole story about bots is pretty much irrelevant because there were probably layers of shenanigans going on at Gox. Gox prices were out of line with the rest of the market and couldnt be arbitraged back because of the withdrawal issues. If manipulation were to start occuring a major brokerage or exchange right now (bots or no bots), they would lose money to arbitragers. I do agree that the bots are less relevant than the other things that were happening towards the end, but the bots were an issue long before Gox started having their withdrawal problems and everything else. If you follow the story, this was all months prior to that (and may have contributed to the issues Gox ended up facing, though it's hard to tell).
|
|
|
|
Ron~Popeil
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 28, 2014, 05:18:21 AM |
|
This is a truly free market. It will correct itself over time. There are a lot of people smarter than me that say BTC is still under valued. I tend to believe them.
|
|
|
|
|