bluemeanie1
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May 26, 2014, 03:47:47 PM |
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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.
this notion that Bitcoin can be used for more than a currency ledger seems to have gained a measure of popularity, however it has absolutely nothing supporting it. It's already been established that the color coin model poses some very serious risks. Bitcoin was built for one simple purpose and that's all it can be used for. -bm
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DooMAD
Legendary
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Activity: 3934
Merit: 3190
Leave no FUD unchallenged
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May 26, 2014, 03:52:04 PM |
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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 Not quite sure how regulation would stop an algorithmic bot. Transparency helps us see it happening, but again, doesn't prevent it. In the fiat world, people are campaigning for a "Tobin Tax" or "Robin Hood Tax" to simply make high frequency trading unprofitable (and it may actually happen in some places), but enforced fees is one of those things that goes against Bitcoin's core principles. It would cause problems with making micropayments a viable possibility, too. It's difficult to imagine how we could incorporate a similar concept without making compromises elsewhere. It's something to think about, though.
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helmax
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May 26, 2014, 05:20:32 PM |
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regulation only help if is authority can control this company for not do same mistakes
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looking job
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Phinnaeus Gage
Legendary
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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May 26, 2014, 06:16:55 PM |
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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 ChartWow! I can't wait till OKCoin goes IPO, for look who has invested in them: http://www.crunchbase.com/organization/okcoinPersonally, I like http://web.archive.org/web/20110208145040/http://www.mandala-capital.com/ (don't bother going to their site now). I like them so much, they inspired me to start my own Investment Fund - from scratch. ... Welcome Barn Wood Capital Ltd. is the investment fund manager of the Barn Wood Capital AG Fund Ltd, one of the only funds dedicated to making investments across the reclaimed barn wood value chain on all seven continents. barn-wood-capital.com is intended solely for employees, investors and third party affiliates of Barn Wood Capital. If you are an authorized user and need assistance with your login, please contact Investor Services at IR@barn-wood-capital.com. ... Another investor of OKCoin - http://www.crunchbase.com/organization/ceyuan-ventures - has the same office as below. SEED&SPARK 460 Bush Street, Floor 2 San Francisco, CA 94108 T 916.730.1881 E emily@seedandspark.com Emily Best, Founder/CEO Seed&Spark combines crowdfunding and streaming online distribution for a seamless filmmaking and watching experience Of which I just linked to Buttercoin here - http://www.edigitalstudios.com/ - via https://www.youtube.com/watch?v=KMyJVb22xr0The above research took me less than two minutes to find, albeit longer to pen. Imagine what you could do if you simply look.
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BitDreams
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May 26, 2014, 06:26:32 PM |
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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". Fear of success.
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Beyonce
Member
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Surfbort.
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May 26, 2014, 06:31:36 PM |
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This is pretty bad news but not unsurprising. I wouldve thought it wouldve had some impact on the price.
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Bow down, bitches.
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gentlemand
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Welt Am Draht
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May 26, 2014, 06:58:31 PM |
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It's not news. It's compelling opinion. An opinion that's based on stolen data that had a virus as an added extra.
Until confirmation comes from a mouth directly involved in what's being alleged, it doesn't have any weight to it.
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haploid23
Legendary
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Merit: 1002
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May 26, 2014, 07:02:34 PM |
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Topic of the week. Everyone and their mom is talking about Willy. Can we just consolidate all the threads?
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Dr. Pepper
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May 26, 2014, 07:03:37 PM |
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Topic of the week. Everyone and their mom is talking about Willy. Can we just consolidate all the threads?
Any type of big scandal or news can excpect several threads.
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helmax
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May 26, 2014, 07:06:44 PM |
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Topic of the week. Everyone and their mom is talking about Willy. Can we just consolidate all the threads?
think is topic of month price is bullshit we dont have real price
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looking job
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JJB
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May 26, 2014, 07:09:09 PM |
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Topic of the week. Everyone and their mom is talking about Willy. Can we just consolidate all the threads?
think is topic of month price is bullshit we dont have real price How can we tell what is and isnt real? Red or blue pill time lol.
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helmax
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May 26, 2014, 07:16:34 PM |
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Topic of the week. Everyone and their mom is talking about Willy. Can we just consolidate all the threads?
think is topic of month price is bullshit we dont have real price How can we tell what is and isnt real? Red or blue pill time lol. right if someone want sell tommorrow with price 10 000$ sell and finish but is not fair to end user so if price is high altcoins is competition for bitcoin you want price increase we are want but step by step we need market we need mainstream and if have regulation is possible stop bots from exchangers because they exist
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looking job
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Mikcik (OP)
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May 26, 2014, 09:10:46 PM |
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Oh no! the U.S. stock market is manipulated, it will crash to zero tomorrow!
Wake up Chicken Little.
you are total idiot, i dont even know why am i wasting my time with this post, but ok, it said that we should help the weak (in your case stupid) ones: Does the MAJORITY OF THE POPULATION know that the stock market is manipulated? NO! What will happen when the majority finds out, and realizes that the price is overburn? The price will fell... oh... and what did the majority of bitcoin world found out now... that the price is manipulated... Really i said it many times here, if you do not have anything usefull to contribute, dont contribute at all.
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bluemeanie1
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May 26, 2014, 09:12:29 PM |
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Oh no! the U.S. stock market is manipulated, it will crash to zero tomorrow!
Wake up Chicken Little.
you are total idiot, i dont even know why am i wasting my time with this post, but ok, it said that we should help the weak (in your case stupid) ones: Does the MAJORITY OF THE POPULATION know that the stock market is manipulated? NO! What will happen when the majority finds out, and realizes that the price is overburn? The price will fell... oh... and what did the majority of bitcoin world found out now... that the price is manipulated... Really i said it many times here, if you do not have anything usefull to contribute, dont contribute at all. once the stampede begins it'll be over before you even knew what happened. -bm
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neofelis
Newbie
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Activity: 48
Merit: 0
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May 26, 2014, 09:17:12 PM |
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Oh no! the U.S. stock market is manipulated, it will crash to zero tomorrow!
Wake up Chicken Little.
you are total idiot, i dont even know why am i wasting my time with this post, but ok, it said that we should help the weak (in your case stupid) ones: Does the MAJORITY OF THE POPULATION know that the stock market is manipulated? NO! What will happen when the majority finds out, and realizes that the price is overburn? The price will fell... oh... and what did the majority of bitcoin world found out now... that the price is manipulated... Really i said it many times here, if you do not have anything usefull to contribute, dont contribute at all. Be nice We all have something in common, our love of bitcoin. We also have different backgrounds and levels of knowledge. So please, let's be nice to each other.
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irlandescoin
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May 27, 2014, 09:13:56 AM |
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back here after the boom in 2013
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turvarya
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May 27, 2014, 09:29:54 AM |
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I have asked that question at another Thread and nobody answered it, so I ask it here again: If the price of BTC falls, who is selling at this low price? If nobody is selling at a lower price, than the price can not fall-->Economics 101
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alani123
Legendary
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Merit: 1502
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May 27, 2014, 09:48:04 AM |
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relevant post in reddit: http://www.reddit.com/r/Bitcoin/comments/26is61/the_simplest_explanation_is_usually_the_right_one/ ...Willy didn't pay fees or fiat because it operated outside the purview of what a normal trader would have to do. High value clients would have direct relationships with MtGox, and would likely have special fee structure in place that they would pay to MtGox separately and at a different time than trades. Willy didn't back up trades with fiat because fiat was likely wired to MtGox separately, in bulk... So those bots could just be elite customers.
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| Duelbits | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | TRY OUR UNIQUE GAMES! ◥ DICE ◥ MINES ◥ PLINKO ◥ DUEL POKER ◥ DICE DUELS | | | | █▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ KENONEW ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄█ | | 10,000x MULTIPLIER | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ |
[/tabl
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davidgdg
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May 27, 2014, 11:19:58 AM |
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The "Willy" trading amounted to less than 3% of the BTC traded in November. The price impact would have been marginal. Move on. Nothing to see here.
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"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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alani123
Legendary
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Activity: 2548
Merit: 1502
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May 27, 2014, 11:27:30 AM |
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The "Willy" trading amounted to less than 3% of the BTC traded in November. The price impact would have been marginal. Move on. Nothing to see here.
More than 7% to be percise. I'm pretty sure that such a volume would have had a solid impact on the price. The market obviously had an uptrend and the whales pushed it further.
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| Duelbits | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | TRY OUR UNIQUE GAMES! ◥ DICE ◥ MINES ◥ PLINKO ◥ DUEL POKER ◥ DICE DUELS | | | | █▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ KENONEW ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄█ | | 10,000x MULTIPLIER | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ |
[/tabl
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