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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Joshuar
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May 26, 2014, 03:09:45 PM |
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Willy was not responsible for most of the boom in price in November.
If the Chinese government cracking down on Bitcoin dropped the price uptrend from around $1200 to $900, then there'd be no way Willy was the sole driver of the price..it was the Chinese, simple.
Over 2billion Chinese and Plenty of Billinaires> Willy
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Wandererfromthenorth (OP)
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May 26, 2014, 04:59:43 PM |
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Willy was not responsible for most of the boom in price in November.
If the Chinese government cracking down on Bitcoin dropped the price uptrend from around $1200 to $900, then there'd be no way Willy was the sole driver of the price..it was the Chinese, simple.
Over 2billion Chinese and Plenty of Billinaires> Willy
Exactly. |
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Bit_Happy
Legendary
 Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
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May 26, 2014, 05:26:08 PM |
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Is this the "Free Willy" thread?  The Willy report showed huge volume spikes related to bot buying. Does it matter what caused the last "bubble" as long as Bitcoin has massive real growth now? |
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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, 05:32:56 PM |
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Polycoin
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May 26, 2014, 05:39:20 PM |
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I have several accounts Gage. One of them is a Hero  I'm not trolling atm and have been monitoring MtGox, Bitstamp, and BTC-E, and with honesty can say that it was a Money Laundering Attempt on MtGox and I personally have never actually taken anyone's Bitcoins and never will, staff can confirm that. |
Polycoin Troopers, Assemble!
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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May 26, 2014, 07:09:43 PM |
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Your theory fails to meet all the evidence. If you believe the evidence you can't think it was a simple API bot because it wouldn't have these discrepancies, like no fees and special tags in the database.
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Wandererfromthenorth (OP)
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May 26, 2014, 07:36:46 PM |
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Your theory fails to meet all the evidence. If you believe the evidence you can't think it was a simple API bot because it wouldn't have these discrepancies, like no fees and special tags in the database.
The author of the reddit post actually explains why it would have had no fees and special tags and all... |
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Finchy
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May 26, 2014, 07:38:14 PM |
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I still think theres a lot of speculation and assumption about this whole ordeal. I'm waiting for more evidence / clarification.
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Wandererfromthenorth (OP)
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May 26, 2014, 07:45:04 PM |
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I still think theres a lot of speculation and assumption about this whole ordeal. I'm waiting for more evidence / clarification.
I don't think we will never know at this point... The only obvious thing is that a single bot cannot be the major cause of a bitcoin bubble. The simple fact that all the trading volume was equally spread throughout all the major exchanges pretty much proves that all the panic buying was real and not the product of some bot on ONE exchange (aside from fake volume, which doesn't directly influence the price anyway). |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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May 26, 2014, 07:47:58 PM |
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Your theory fails to meet all the evidence. If you believe the evidence you can't think it was a simple API bot because it wouldn't have these discrepancies, like no fees and special tags in the database.
The author of the reddit post actually explains why it would have had no fees and special tags and all... Yeah, obviously, but then it fails to meet Occam's criteria. |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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May 26, 2014, 07:53:57 PM |
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The only obvious thing is that a single bot cannot be the major cause of a bitcoin bubble.
The simple fact that all the trading volume was equally spread throughout all the major exchanges pretty much proves that all the panic buying was real and not the product of some bot on ONE exchange (aside from fake volume, which doesn't directly influence the price anyway).
You don't use these terms in that fashion. They aren't supposed to give your standpoint more more weight, they are to be used to refer to terms not open to debate, based on the silent agreement of both parties. |
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