Topic: POLL: Pumping Bots - page 2. (Read 1881 times)

While the other whales all died and there is only one at the market at one time right? Don't imagine too many things, sometimes a 200 BTC buy is just a guy who wanted to buy 200 BTC, and a 200 BTC wall is just another guy who wanted to take some profit. You need some more solid data before it becomes anything other than some overly obsessive observations.

Really, when you stare at the price ticks too long you see demons in there which exist only in your mind; this happens to truckers, captains, stock traders and other people who stare at one point for too long.

I tend to believe that Bitstamp is a well run ship in terms of maintaining USD and FIAT liquidity.

BTC-e = Dodgy as fuck, Bitfinex = Dodgy as fuck and since they route a lot of trade through Bitstamp, Bitstamp will reflect the bullshit trading of Bitfinex to a certain degree.

Bitstamp however is the main whale exchange and whilst the volume may not be fake, there is certainly some whale consortium using their buying power to engineer series after series of positive BUY signals. Today alone, several times already have I seen a solid 200 BTC sell wall go up at a perfectly round number. For the market to sit staring at the Ask Wall, only for a flurry of buying to devour that wall. The majority of the buying of the 200 BTC wall will no doubt be the whale consortium buying back their own coins. The panic buying that follows and pushes the price up $10-$20 or so, are the little fishies responding to the engineered buy signals. The whale sells 200 BTC to himself. The proles get excited at the enthusiasm for Bitcoin at these prices and pile in after him.

That is just one example of many things I have noticed. Bull run is based largely in pump n dump mechanics, but then the pump n dump would or will only work if the market conditions are right. It's all bullshit, but who knows, perhaps we are heading into another engineered Bitcoin mania where new capital really will be enticed into Bitcoin at the sight of the rapidly rising price with one eye, with the other eye on $10-$266, and then $60 - $1160, thinking "omfg, it's so obvious what is away to happen again!"

As for the Chinese exchanges. Hooky as fuck. Every single mother fucking last one of them. Except for perhaps BTC China.

That's when you have become good at it. The magic is gone and you see the man behind the curtain, and the newbies being dazzled by his bullshit.

LOL

Me too, the thing is it feels more and more like a game of musical chairs.

I do. Means I make money. Then I make more money when the price crashes.

Yeah, the price can go up quite a bit because of the fraudulent pumping, but who the hell cares about that, right?

Let me expand a bit.

It really doesn't matter. Whatever drives the price up or down, the current price is what you can get them for. As long as you can still get your money in and out of exchanges everything is fine. Leave the legalistic stuff to the courts. It doesn't change that the price will ultimately have to go up with adoption.

Exactly that's the nonsense I was writing about. The point exactly is what the report says, that it wasn't real money.

Don't give a damn. It's still someones real money being traded with. Doesn't matter.

Butthurt bears be like

Now it's almost a week since the Willy report surfaced, so traders do you really think mtgox/ Mark K. was the only exchange operator to be stupid enough to manipulate the market with fake liquidity.
Feel free to debate the usual "No the Willy bot wasn't really happening" , "The bot had actual liquidity behind it" - nonsense, in that case please only vote option 6.

Yes, I think the Willy report is factual and suspect that practice to be a common thing.