Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29898.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: Dragonkiller on February 08, 2014, 10:00:26 AM

Quote from: billyjoeallen on February 08, 2014, 09:39:28 AM

Here's a hypothesis I haven't heard before: The willybot was wasn't in in-house bot for Gox, but for Second Market, who used the "world's most established exchange" to buy in bulk. Most of the purchases were dark pool orders, but when that pool dried up, willy went to work. Now Gox is locked up and Second Market needs another source of bulk coins, so under the guise of a two-way exchange, they are actually buying on behalf of the bitcoin Investment Trust (BIT).

If anyone has made a purchase from 2nd Market, I will be happy to revise or discard this hypothesis, but I'd like some feedback either way. If I'm right, liquidity is being soaked up under the RADAR at a scale few are aware of.

Surely it would be easier for them to just move to Bitstamp?

unless the amount of coins in Stamp's dark pool is insufficient for their needs.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: wilfried on February 08, 2014, 09:56:06 AM

Quote from: billyjoeallen on February 08, 2014, 09:39:28 AM

Here's a hypothesis I haven't heard before: The willybot was wasn't in in-house bot for Gox, but for Second Market, who used the "world's most established exchange" to buy in bulk. Most of the purchases were dark pool orders, but when that pool dried up, willy went to work. Now Gox is locked up and Second Market needs another source of bulk coins, so under the guise of a two-way exchange, they are actually buying on behalf of the bitcoin Investment Trust (BIT).

If anyone has made a purchase from 2nd Market, I will be happy to revise or discard this hypothesis, but I'd like some feedback either way. If I'm right, liquidity is being soaked up under the RADAR at a scale few are aware of.

well, i thing for an exchange service it would be easier to use your inside knowledge to give you nice trading hints, so i dont really believe in that story - and if its true, how do they hide from the blockchain?

If BIT had an account at Gox, then those purchases would be off the blockchain until they withdrew them. Besides, blockchain analysis only works if you know who holds the keys to the public addresses.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: billyjoeallen on February 08, 2014, 09:39:28 AM

Here's a hypothesis I haven't heard before: The willybot was wasn't in in-house bot for Gox, but for Second Market, who used the "world's most established exchange" to buy in bulk. Most of the purchases were dark pool orders, but when that pool dried up, willy went to work. Now Gox is locked up and Second Market needs another source of bulk coins, so under the guise of a two-way exchange, they are actually buying on behalf of the bitcoin Investment Trust (BIT).

If anyone has made a purchase from 2nd Market, I will be happy to revise or discard this hypothesis, but I'd like some feedback either way. If I'm right, liquidity is being soaked up under the RADAR at a scale few are aware of.

Surely it would be easier for them to just move to Bitstamp?

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

Start buying. Cheap coins Cheesy

wilfried

sr. member

Activity: 288

Merit: 250

ManualMiner

Quote from: billyjoeallen on February 08, 2014, 09:39:28 AM

Here's a hypothesis I haven't heard before: The willybot was wasn't in in-house bot for Gox, but for Second Market, who used the "world's most established exchange" to buy in bulk. Most of the purchases were dark pool orders, but when that pool dried up, willy went to work. Now Gox is locked up and Second Market needs another source of bulk coins, so under the guise of a two-way exchange, they are actually buying on behalf of the bitcoin Investment Trust (BIT).

If anyone has made a purchase from 2nd Market, I will be happy to revise or discard this hypothesis, but I'd like some feedback either way. If I'm right, liquidity is being soaked up under the RADAR at a scale few are aware of.

well, i thing for an exchange service it would be easier to use your inside knowledge to give you nice trading hints, so i dont really believe in that story - and if its true, how do they hide from the blockchain?

creekbore

full member

Activity: 210

Merit: 100

Lazy, cynical and insolent since 1968

Quote from: KeyserSoze on February 08, 2014, 09:35:58 AM

Quote from: ?? on ??

...for some God is awesome. The price of BTC is not, nor never will be, awesome.

Your mythology can be interesting but it's hardly awesome.

Well, the etymology for the word is closely linked to religion and ideas of God; I said 'for some' to try and be inclusive. I was more protesting the ubiquitousness of 'awesome' which has been deflated to mean ...ahh you know.

What amazes me is that I lived in the US in the late eighties and kids were saying "awesome" then; its somehow managed to stay in fashion for 30 years and become a lazy global adjective.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Small hint, they can´t withdraw BTC from Gox....
Hint No.2 Why buy @ a 15-20% premium price...
If second Market was in January still so stupid to send money to Gox, then second market is doomed and dumber than any would have imagined

But hell yeah, sure, someone is silently buying alllllllll the coins cause they will go to 10000000$ this year Cheesy

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Here's a hypothesis I haven't heard before: The willybot was wasn't in in-house bot for Gox, but for Second Market, who used the "world's most established exchange" to buy in bulk. Most of the purchases were dark pool orders, but when that pool dried up, willy went to work. Now Gox is locked up and Second Market needs another source of bulk coins, so under the guise of a two-way exchange, they are actually buying on behalf of the bitcoin Investment Trust (BIT).

If anyone has made a purchase from 2nd Market, I will be happy to revise or discard this hypothesis, but I'd like some feedback either way. If I'm right, liquidity is being soaked up under the RADAR at a scale few are aware of.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

well I guess I was wrong all the way, congrats for the bears that called it, I knew there will a correction but I've never thought that 700 wont resist, most of the support was laying down there. unfortunately I cant benefit from this drop, or should I say thankfully ? all my bitcoins are tied up in other investments (IPOs, Startups), so there is no way for me to trade as I don't hold any of my bitcoins, I was thinking about a mid-long term investment of 80% of my holdings and cashed out the other 20%.

now that I cant do anything with my bitcoins for at least 6 months, I feel released in some way Cheesy

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: KeyserSoze on February 08, 2014, 09:35:58 AM

Quote from: ?? on ??

...for some God is awesome. The price of BTC is not, nor never will be, awesome.

Your mythology can be interesting but it's hardly awesome.

What mythology? Huh

KeyserSoze

hero member

Activity: 560

Merit: 500

Quote from: ?? on ??

...for some God is awesome. The price of BTC is not, nor never will be, awesome.

Your mythology can be interesting but it's hardly awesome.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Mythul

sr. member

Activity: 644

Merit: 250

Quote from: fonzie on February 08, 2014, 08:29:15 AM

Quote from: ?? on ??

I found an exploit on bitfinex where I'm able to place an ulimited amount of orders on margin trading without having the liquidity to do so and I can manipulate the order book. I'm not attempting to manipulate the market right now - I just wanted to demonstrate this exploit. Please fix it.

Edit:
All buy walls on all exchanges are mostly fake. BTC isn´t worth more than 200 bucks.

Fonzie you are a legend on this forum.

seriouscoin

hero member

Activity: 658

Merit: 500

Quote from: surfer43 on February 08, 2014, 08:35:09 AM

Quote from: fonzie on February 08, 2014, 08:29:15 AM

Bitcoin to the moon! Cool

yeah I never thought you would say that Cheesy

welcome to the bull side Wink

Hes always been a bull..... spreading FUD and trolling to scare noobs in order to buy lower.

Pigs get slaughtered. Business as usual.... Welcome to the forums if this is what you just noticed (90% of posts yelling doom, the other 10% are just clueless noob)

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: fonzie on February 08, 2014, 08:29:15 AM

Bitcoin to the moon! Cool

yeah I never thought you would say that Cheesy

welcome to the bull side Wink

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: ?? on ??

I found an exploit on bitfinex where I'm able to place an ulimited amount of orders on margin trading without having the liquidity to do so and I can manipulate the order book. I'm not attempting to manipulate the market right now - I just wanted to demonstrate this exploit. Please fix it.

Edit:
All buy walls on all exchanges are mostly fake. BTC isn´t worth more than 200 bucks.

creekbore

full member

Activity: 210

Merit: 100

Lazy, cynical and insolent since 1968

Quote

... a multistage bulltrap.

P_Shep

legendary

Activity: 1795

Merit: 1208

This is not OK.

Quote from: surfer43 on February 08, 2014, 07:49:03 AM

Quote from: P_Shep on February 08, 2014, 07:48:16 AM

Holy crap, mtgox $20 below Bitstamp!

Where have you been? 0.o

Just got up. Haven't seen the price since yesterday

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: P_Shep on February 08, 2014, 07:48:16 AM

Holy crap, mtgox $20 below Bitstamp!

Where have you been? 0.o

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29898. (Read 26709648 times)