so they can increase price anytime
and can play with us
Topic: Its shocking and depressing to read BOTS made bitcoin boom! - page 3. (Read 4601 times)
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
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
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.
No i think current price cannot sustain if all the price rise was because of the tradingbot...
You're right, the current price cannot sustain, because Bitcoin today is under-valued by 9999%.Fiat debt is at insane levels and Bitcoin will be a popular safe haven as paper money becomes trash. Expect and enjoy volatility, since "stability" (vs fiat) is not a long-term option.
QFT, the fiat house of cards will be collapsing soon. You don't want to have your money there when it does. 
I fail to understand the point in this whole discussion. While stabilization in the Bitcoin price is important for it as a currency it is traded. Trading drives prices up and down. Who cares who it is done as long as it is not a hack.
Stabilization is not "important" at all for BTC. Fiat debt is at insane levels and Bitcoin will be a popular safe haven as paper money becomes trash. Expect and enjoy volatility, since "stability" (vs fiat) is not a long-term option.
It's a crazy world we're living in. 
...unless we love the truth, we cannot know it.”
― Blaise Pascal
...unless we love the truth, we cannot know it.”
― Blaise Pascal
If you really think that ONE bot on ONE exchange is capable of being the major (or one of the major) cause of a bubble like that you are a poor fool.
What about the huge volume on the other exchanges aside from mtgox?
The panic buys were real. The chinese buying were real. The (media) hype was real.
If willy had any impact it was only to facilitate and accelerate the process of the bitcoin november bubble, with a maybe slightly more dramatic effect.
Surprise for the permabears: price doesn't give a flying about this willy thing (and believe me, it would have crashed by now if it did) . And in fact it is headed to $600, which could be reached today or tomorrow.
What about the huge volume on the other exchanges aside from mtgox?
The panic buys were real. The chinese buying were real. The (media) hype was real.
If willy had any impact it was only to facilitate and accelerate the process of the bitcoin november bubble, with a maybe slightly more dramatic effect.
Surprise for the permabears: price doesn't give a flying about this willy thing (and believe me, it would have crashed by now if it did) . And in fact it is headed to $600, which could be reached today or tomorrow.
i think it is possible arbitrage could explain that price rise across all exchange
How could one arbitrage if no one could withdraw fiat (in massive amount, millions of dollar per day) from gox?
From the reports it seems that those who instantly needed withdrawals were given fiat available because there are lot of fiat deposits from the long term holders...this could go as long as say 20% were arbitraging traders, but when everybody asks their fiat at the same time, then the problem arises
If you really think that ONE bot on ONE exchange is capable of being the major (or one of the major) cause of a bubble like that you are a poor fool.
What about the huge volume on the other exchanges aside from mtgox?
The panic buys were real. The chinese buying were real. The (media) hype was real.
If willy had any impact it was only to facilitate and accelerate the process of the bitcoin november bubble, with a maybe slightly more dramatic effect.
Surprise for the permabears: price doesn't give a flying about this willy thing (and believe me, it would have crashed by now if it did) . And in fact it is headed to $600, which could be reached today or tomorrow.
What about the huge volume on the other exchanges aside from mtgox?
The panic buys were real. The chinese buying were real. The (media) hype was real.
If willy had any impact it was only to facilitate and accelerate the process of the bitcoin november bubble, with a maybe slightly more dramatic effect.
Surprise for the permabears: price doesn't give a flying about this willy thing (and believe me, it would have crashed by now if it did) . And in fact it is headed to $600, which could be reached today or tomorrow.
i think it is possible arbitrage could explain that price rise across all exchange
How could one arbitrage if no one could withdraw fiat (in massive amount, millions of dollar per day) from gox?
Are there bots working the chain right now?
Yeah Shamu this time
Shamu is a killer!
Are there bots working the chain right now?
Yeah Shamu this time
Are there bots working the chain right now?
STOP spreading FUD. Who cares what caused the price increase 6 months ago. Do you really want to sabotage the market or what? Do you want your coins to be worth less?
I like how you say stop spreading FUD, then you go right on to trying to suppress facts or a dialogue from happening. Talk about a close minded idiot, you are spreading F'ING BS by even posting here.
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.
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 think we all know the value of bitcoin
It was never real even now
We all know that there is someone playing with price
It was never real even now
We all know that there is someone playing with price
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.
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
If you really think that ONE bot on ONE exchange is capable of being the major (or one of the major) cause of a bubble like that you are a poor fool.
What about the huge volume on the other exchanges aside from mtgox?
The panic buys were real. The chinese buying were real. The (media) hype was real.
If willy had any impact it was only to facilitate and accelerate the process of the bitcoin november bubble, with a maybe slightly more dramatic effect.
Surprise for the permabears: price doesn't give a flying about this willy thing (and believe me, it would have crashed by now if it did) . And in fact it is headed to $600, which could be reached today or tomorrow.
What about the huge volume on the other exchanges aside from mtgox?
The panic buys were real. The chinese buying were real. The (media) hype was real.
If willy had any impact it was only to facilitate and accelerate the process of the bitcoin november bubble, with a maybe slightly more dramatic effect.
Surprise for the permabears: price doesn't give a flying about this willy thing (and believe me, it would have crashed by now if it did) . And in fact it is headed to $600, which could be reached today or tomorrow.
i think it is possible arbitrage could explain that price rise across all exchange
It was probably the way the Mtgox bitcoins were stolen.
If it was Karpeles, why changing his user ID to the same as his own account "MagicalTux"? You gotta be an idiot to do such a sloppy work.
I don't think whoever pulled this thing can be called an idiot.
If it was Karpeles, why changing his user ID to the same as his own account "MagicalTux"? You gotta be an idiot to do such a sloppy work.
I don't think whoever pulled this thing can be called an idiot.
Well it could be a mix of idiot and arrogance, which kind of matches karples perfectly.
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