The Willy Report and PRICE!!?

[Mikcik]

oK, THERE Are several topics on this, but i dont really see people panicking about one particular thing:

The price now!? And where will the price go soon in few hours when this info spreads around the internet and media... because if it is true, and dont forget that the media will hype this news anyways it could mean a HUGE selloff of bitcoin and falling price, i dont know if peopel are stupid or just not realizing it, but if the price spike to 1000 was artifical and even the price spike back in april 2013 might be artifical that means that the price currently might be hugely WRONG and stupid panicking people might start a sell of so my questions is, what do you think about it and will you sell your bitcoin NOW (and buy it back when (if) the price falls consideradebly)??

Im scared as fuck...

[Kluge]

You probably ought to sell some coins if you're panicking no matter what's happening. It's bad for your health.

[Mikcik]

You probably ought to sell some coins if you're panicking no matter what's happening. It's bad for your health.

Thats a uselles post :-), i would have to kill myself then ;-). No, really dotn forget that the majority of people are stupid, the problem is valid and the media like a big story (no matter if true or not)... so i think this might be a problem and we might see even lower price than 400 usd, maybe even much lower...

Because to say that the current price of bitcoin is not affected by the manipulation is pure stupidity (and i read it here somewhere), because if the would not be the manipulation from 100 to 1000 (or even from the 13 to 266?) who knows where the price og bitcoin would be, but to think that it would as high as now is naivity...

[gnode]

Oh no! the U.S. stock market is manipulated, it will crash to zero tomorrow!

Wake up Chicken Little.

[DiamondCardz]

The majority of the rise to 1000 was not manipulated. I for one am not going to suddenly start selling BTC at $50 a coin because apparently 1 exchange was being manipulated.

[alani123]

At the moment I don't see the report having any influence to the price. Maybe if a big news agency picks up the story and it becomes more mainstream it would. But I just think it's going to get burried otherwise.

[helmax]

i dont see market for actual price

price is manipulated

[sgbett]

oK, THERE Are several topics on this, but i dont really see people panicking about one particular thing:

The price now!? And where will the price go soon in few hours when this info spreads around the internet and media... because if it is true, and dont forget that the media will hype this news anyways it could mean a HUGE selloff of bitcoin and falling price, i dont know if peopel are stupid or just not realizing it, but if the price spike to 1000 was artifical and even the price spike back in april 2013 might be artifical that means that the price currently might be hugely WRONG and stupid panicking people might start a sell of so my questions is, what do you think about it and will you sell your bitcoin NOW (and buy it back when (if) the price falls consideradebly)??

Im scared as fuck...

Market uptrend confirmation is in; Noobs are "scared as fuck".

[alani123]

Speaking about manipulation, what makes you think that the Chinese exchanges are having a "fair" price? Even the volume in those exhanges is thought to be fake. Sure they hold a big piece of the pie. If someone would be able to manipulate the price and push it higher after MtGox it would be the chinese exchanges but there's no way to support that every single trade there is legit. So yeah, why do you think MtGox was the only exchange in wich the price was manipulated?

[helmax]

how we can if bitstamp is using bots?

[Morguk]

When I first read it I did think the same, but then I thought 2 things.

Someone showed how the volume of the bot was only like 10,000 BTC of 300,000 BTC traded in a day, and also as pointed out in the end of the willy report we have hit a nice up-trend, without the need of any bot, and therefore this is a fair and natural price for current bitcoin.

[kooke]

oK, THERE Are several topics on this, but i dont really see people panicking about one particular thing:

The price now!? And where will the price go soon in few hours when this info spreads around the internet and media... because if it is true, and dont forget that the media will hype this news anyways it could mean a HUGE selloff of bitcoin and falling price, i dont know if peopel are stupid or just not realizing it, but if the price spike to 1000 was artifical and even the price spike back in april 2013 might be artifical that means that the price currently might be hugely WRONG and stupid panicking people might start a sell of so my questions is, what do you think about it and will you sell your bitcoin NOW (and buy it back when (if) the price falls consideradebly)??

Im scared as fuck...

If the price was going to crash due to bot manipulation, it would have already done so when Gox went down.I don't think this report will have much, if any, effect on the price of BTC.

[helmax]

oK, THERE Are several topics on this, but i dont really see people panicking about one particular thing:

The price now!? And where will the price go soon in few hours when this info spreads around the internet and media... because if it is true, and dont forget that the media will hype this news anyways it could mean a HUGE selloff of bitcoin and falling price, i dont know if peopel are stupid or just not realizing it, but if the price spike to 1000 was artifical and even the price spike back in april 2013 might be artifical that means that the price currently might be hugely WRONG and stupid panicking people might start a sell of so my questions is, what do you think about it and will you sell your bitcoin NOW (and buy it back when (if) the price falls consideradebly)??

Im scared as fuck...

If the price was going to crash due to bot manipulation, it would have already done so when Gox went down.I don't think this report will have much, if any, effect on the price of BTC.

right
but we cant see real price
if others company do samething
god help us

[RUEHL]

Whether it's good or bad the Chinese are doing the WILLIE right now and have been doing it since last year.

Will all the sanctions and bank bans, how can they still have over 60% of BTC trading volume?

BTC Pie Chart

[calmindifference]

When I first read it I did think the same, but then I thought 2 things.

Someone showed how the volume of the bot was only like 10,000 BTC of 300,000 BTC traded in a day, and also as pointed out in the end of the willy report we have hit a nice up-trend, without the need of any bot, and therefore this is a fair and natural price for current bitcoin.

The willy/markus bot was effectively creating new USD deposits on the exchange to buy the BTC, whereas normal trading volume is just back and forth between users which is 99.5% a zero sum game.

[DooMAD]

It shouldn't come as much of a surprise, really.  High frequency trading is used to manipulate every other market on the face of the planet, so obviously someone was going to put two and two together and realise you can do the same with Bitcoin.  The real problem is, how do you prevent it?

[johnatan32]

People who understand know that it would continue to rise, that know where Bitcoin came last time, there will be people that will be sold, but they are few I think, so do not worry

[Kluge]

It shouldn't come as much of a surprise, really.  High frequency trading is used to manipulate every other market on the face of the planet, so obviously someone was going to put two and two together and realise you can do the same with Bitcoin.  The real problem is, how do you prevent it?

Government or consumer-demanded transparency. Don't expect the latter unless a bunch of people get screwed over first, though (and then it needs to happen roughly five more times, and then people will go to government instead of demanding it from the company). The real issue, I think, is that the "problem" is more dangerous than immoral, so of course, individuals being the arrogant fucktards we are, assume we can mitigate the risk, operate in the clear, and come out as the exception to guaranteed eventual implosion. Nothing to feel too bad about, really, though, nor some new plague on Bitcoin due to particularly shifty individuals at the top... banks pull this shit on a regular basis.

[bluemeanie1]

It shouldn't come as much of a surprise, really.  High frequency trading is used to manipulate every other market on the face of the planet, so obviously someone was going to put two and two together and realise you can do the same with Bitcoin.  The real problem is, how do you prevent it?

Government or consumer-demanded transparency. Don't expect the latter unless a bunch of people get screwed over first, though (and then it needs to happen roughly five more times, and then people will go to government instead of demanding it from the company). The real issue, I think, is that the "problem" is more dangerous than immoral, so of course, individuals being the arrogant fucktards we are, assume we can mitigate the risk, operate in the clear, and come out as the exception to guaranteed eventual implosion. Nothing to feel too bad about, really, though, nor some new plague on Bitcoin due to particularly shifty individuals at the top... banks pull this shit on a regular basis.

it seems to me like they might have even created this whole debacle to PROVE to the average person that regulation is needed.

"YOU NEED US!"

time to move to NXT.

-bm

edit: typo

[neofelis]

Let's not forget that bitcoin is merely a PROTOCOL for transfer of assets. Currency is just the first asset that attached itself to it. Relax gentlemen. Collect and use bitcoin for bitcoin's sake. This exchange rate manipulation will be small potatoes when the true value of bitcoin is realized.

Bitcoin continues to have the following going for it.

Limited supply and a secure protocol. Bitcoin cannot be manipulated. It cannot make judgements on its owner. It continues to evolve at 25 bitcoin per block. Safe and steady.


Every store, every restaurant, every hotel I go to, I ask the same question. Do you take bitcoin? (To the chagrin of my girlfriend).  I encourage everybody to do the same. Spread the word about bitcoin. That will increase its use, increases it's price, and finally increase its stability.   When the 21million bitcoin are finally spread out across the planet,I believe it is unlikely that any one individual or group of individuals will be able to manipulate its price.

Hoorah for bitcoin!