#bitcoin IRC log: A pirate leads a flock of sheep over a cliff.

[elux]

Pirateat40 was feeling chatty during/after the rally/crash yesterday.

I've posted a partial IRC log to: http://pastebin.com/PthgrzDS

The logfile has been edited for brevity. This was done by removing whole lines of text that I felt was irrelevant.
The logfile contains the answers to many questions about yesterday's rally, and raises some new, unsettling questions.

Feel free to discuss and post interesting highlights.

[1714007825]

1714007825

[koin]

Pirateat40 was feeling chatty during/after the rally/crash yesterday.

i hope some psychologist is documenting all this and preparing for the post-mortem, it will be a great read.

[elux]

Code:

<pirateat40> this was kind of like a training simulation.
<pirateat40> it will all make sense soon enough.

<pirateat40> crashed is != corrected.
<pirateat40> we don't want another bubble and my charts/triggers were screaming at me.

<proudhon> pirateat40, could you stop another "rally" if one were to ignite right now and buy up above $10?
<pirateat40> proudhon, i could take use to 1.80 if i needed to.

<pirateat40> There is no point in the last 7 months that I've not been in control of the market.

<pirateat40> Keep buying people...
<pirateat40> I'm just going to say this [one] time.... If you panic buy, you're going to lose.
<pirateat40> Yes, Everyone BUY
<pirateat40> GO!, NOW
<pirateat40> The more you buy the more I make.

<pirateat40> this is the first time ive ever played the market. It was simply a statement, I don't plan on making it part of my process. It's simply a warning.

<pirateat40> 80% is the people not in our tiny community.
<pirateat40> Im trying to make a point here.

<pirateat40> well guys, i think i've scared off the sellers. I'm tired and going to call it night and let the bots play. IRCFrEAK, im pulling the my wall and dumping.... Get ready!

[beckspace]

reddited:

[2012-07-17 05:45:12] <pirateat40> There is one thing i love more than trading bitcoin...
[2012-07-17 05:45:21] <pirateat40> GETTING a reaction!

[2012-07-17 05:53:34] <pirateat40> Yes, Everyone BUY
[2012-07-17 05:53:39] <pirateat40> EVERYONE
[2012-07-17 05:53:45] <pirateat40> GO!, NOW
[2012-07-17 05:54:01] <pirateat40> The more you buy the more I make.

[2012-07-17 05:55:53] <pirateat40> zab_, this is the first time ive ever played the market.  It was simply a statement, I don't plan on making it part of my process.  It's simply a warning.

[2012-07-17 06:36:07] <pirateat40> Last warning....
[2012-07-17 06:36:31] <pirateat40> Sell everything
[2012-07-17 06:38:55] <pirateat40> I warned you guys right?

[2012-07-17 06:42:38] <pirateat40> Ill say it one more time, STOP BUYING
[2012-07-17 06:43:32] <pirateat40> Bitcoin bubble is not good for any of us.
[2012-07-17 06:46:33] <pirateat40> People are still buying like idiots.

[2012-07-17 07:39:58] <pirateat40> keverw, never trust a pirate.

[2012-07-17 07:47:09] <pirateat40> Who wants to go up?
[2012-07-17 07:47:22] <Chaaang-Noi> im okay with up
[2012-07-17 07:48:04] <pirateat40> ok... who wants to go down?
[2012-07-17 07:48:09] <Hexadecibel> I do!
[2012-07-17 07:48:17] <zab_> I want it sideways
[2012-07-17 07:48:28] <pirateat40> zab_, that's what i want.

[2012-07-17 07:53:20] <pirateat40> opticbit, do you know how pump and dumps work?
[2012-07-17 07:54:32] <pirateat40> opticbit, today's activity is based on the 80% of the market not paying attention.

[2012-07-17 07:57:21] <pirateat40> 80% is the people not in our tiny community.
[2012-07-17 07:57:28] <pirateat40> Im trying to make a point here.
[2012-07-17 08:06:28] <pirateat40> well guys, i think i've scared off the sellers. I'm tired and going to call it night and let the bots play.  IRCFrEAK, im pulling the my wall and dumping.... Get ready!
[2012-07-17 08:08:20] <pirateat40> Ya'll keep buying... ill see ya in the morning.  Night
[2012-07-17 08:08:38] <Chaaang-Noi> good night pirate
[2012-07-17 08:08:40] <Ferroh> ITS A TRAP

[nimda]

He warned to stop buying... then he crashed the market by 15%
... and made $20K USD

[damnek]

He warned to stop buying... then he crashed the market by 15%
... and made $20K USD

He made $20K USD, but he will not get those coins back for the same price..

[ineededausername]

the best part is Atlas going crazy xD

[Raoul Duke]

the best part is Atlas going crazy xD

Atlas being Atlas, you mean.

[S3052]

Pirate is too small of a fish to control and direct the bitcoin market over the long run. He can try short term but longterm fail - as he has even already admitted.

[koin]

... and made $20K USD

and [claimed to have] made $20K USD

but for that to have happened with no change in net position after it was all over, there would have needed to have been buying volume equal to 85% of the selling volume.  that doesn't appear to have occurred: http://bitcoincharts.com/charts/mtgoxUSD#rg1zig1-minzczsg2012-07-17zeg2012-07-18zm1g10zm2g25zi1gAccDistzvzcv

now if you were on an ego trip, and had other people's bitcoins where you could throw caution to the wind with no recourse, this makes more sense.

[notme]

Boo on editing.  People's replies to censored comments are out of context.

[Serge]

heh, i miss irc

[HorseRider]

so why are all the pass through bond sitll being traded at more than face value.

[notme]

so why are all the pass through bond sitll being traded at more than face value.

Why would they not be?

[fcmatt]

I am still amazed at how quickly people give out their money to complete strangers with a compelling
story how it will benefit them without really even knowing what is going on in the back ground.

fun times.

I will just keep mining and selling into this recent awesome upswing in prices! USD for me.
The sure thing in my book.

[sadpandatech]

Pirate is too small of a fish to control and direct the bitcoin market over the long run. He can try short term but longterm fail - as he has even already admitted.

^this^

And all those logs are neat and all...


But does anyone have a log with an IDENT in it for that pirate nick?

Otherwise it is just as likely that it was a random trolling the piss out of you...

[elux]

Boo on editing.

Hear ya. Feel free to upload a raw logfile for posterity.

Pirate is too small of a fish to control and direct the bitcoin market over the long run. He can try short term but longterm fail - as he has even already admitted.

And all those logs are neat and all...

But does anyone have a log with an IDENT in it for that pirate nick?

Otherwise it is just as likely that it was a random trolling the piss out of you...

The guy named pirateat40 in #bitcoin@freenode said "walls go up", walls went up.
When he said "time to sell", walls went down, thousands of bitcoins were sold, price went down.

The tickers from the log give some weak indication of this.

What one could do is correlate the timestamps with high volume insantaneous trades and orderbook history from gox.

Easy to see in real time, a lot of work to correlate after the fact.

If it's an impostor, it's a psychic impostor.

[notme]

Boo on editing.

Hear ya. Feel free to upload a raw logfile for posterity.

If I had a raw logfile, I wouldn't be complaining.  If you can tell me which channel this was I might be able to look one up.

[sadpandatech]

The tickers from the log give some weak indication of this.

What one could do is correlate the timestamps with high volume insantaneous trades and orderbook history from gox.

Easy to see in real time, a lot of work to correlate after the fact.

If it's an impostor, it's a psychic impostor.

While you're correlating, add the timestamps from my posts here last night any time I posted and mentioned anything to do with moving $x here or there and see how that looks....

[nathanghart]

Boo on editing.

Hear ya. Feel free to upload a raw logfile for posterity.

If I had a raw logfile, I wouldn't be complaining.  If you can tell me which channel this was I might be able to look one up.

It was #bitcoin