Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30223.

fonzie

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Quote from: ?? on ??

Quote from: adamstgBit on January 21, 2014, 06:24:28 PM

Quote from: fonzie on January 21, 2014, 06:23:40 PM

Quote from: adamstgBit on January 21, 2014, 06:22:09 PM

Quote from: billyjoeallen on January 21, 2014, 05:59:22 PM

Just struck me that a possible explanation for the "Willy" buybot on Gox is that Magical Tux does not have enough coins to make his depositors whole. If he is indeed illegally operating as a fractional reserve, then he would need more and more coins to keep the illusion going. With the fiat withdrawal backlog, the bot could be buying with money that is supposed to be pending for withdrawal. For all we know, he already left town. When was Mark K's last known public appearance?

why wouldn't they buy on btc-e or stamps...

because their Goxbux are stuck in there

in their bank?

LOL

i guess thats possible

Goxbuxs is ponzi money for all we know. They can print as much as they want.

So you assume they buy the last real remaining BTC with bogus money. That would be nasty even for Gox standards.

fonzie

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Quote from: adamstgBit on January 21, 2014, 06:22:51 PM

Quote from: fonzie on January 21, 2014, 06:19:10 PM

I´m just wondering about the fact that someone also must put in these 10-25 BTC asks all the time. As soon as one gets bought another one appears for nearly the same price.
I doubt that this is a pure coincidence.

Edit: The news that Gox isn´t doin JPY withdrawls anymore is also "funny".

link?

I have red some complaints in Twitter and also in the Gathering Thread here in the forum. There were also new complaints about problems with BTC withdrawls.
In a few weeks there won´t be any real money or BTC over there and they will act from then on as a pure business simulation game. "Tycoon - Gox edition" Cheesy

adamstgBit

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Quote from: fonzie on January 21, 2014, 06:23:40 PM

Quote from: adamstgBit on January 21, 2014, 06:22:09 PM

Quote from: billyjoeallen on January 21, 2014, 05:59:22 PM

Just struck me that a possible explanation for the "Willy" buybot on Gox is that Magical Tux does not have enough coins to make his depositors whole. If he is indeed illegally operating as a fractional reserve, then he would need more and more coins to keep the illusion going. With the fiat withdrawal backlog, the bot could be buying with money that is supposed to be pending for withdrawal. For all we know, he already left town. When was Mark K's last known public appearance?

why wouldn't they buy on btc-e or stamps...

because their Goxbux are stuck in there

in their bank?

LOL

i guess thats possible

fonzie

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Quote from: adamstgBit on January 21, 2014, 06:22:09 PM

Quote from: billyjoeallen on January 21, 2014, 05:59:22 PM

Just struck me that a possible explanation for the "Willy" buybot on Gox is that Magical Tux does not have enough coins to make his depositors whole. If he is indeed illegally operating as a fractional reserve, then he would need more and more coins to keep the illusion going. With the fiat withdrawal backlog, the bot could be buying with money that is supposed to be pending for withdrawal. For all we know, he already left town. When was Mark K's last known public appearance?

why wouldn't they buy on btc-e or stamps...

because their Goxbux are stuck in there

adamstgBit

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Quote from: fonzie on January 21, 2014, 06:19:10 PM

I´m just wondering about the fact that someone also must put in these 10-25 BTC asks all the time. As soon as one gets bought another one appears for nearly the same price.
I doubt that this is a pure coincidence.

Edit: The news that Gox isn´t doin JPY withdrawls anymore is also "funny".

link?

adamstgBit

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Quote from: billyjoeallen on January 21, 2014, 05:59:22 PM

Just struck me that a possible explanation for the "Willy" buybot on Gox is that Magical Tux does not have enough coins to make his depositors whole. If he is indeed illegally operating as a fractional reserve, then he would need more and more coins to keep the illusion going. With the fiat withdrawal backlog, the bot could be buying with money that is supposed to be pending for withdrawal. For all we know, he already left town. When was Mark K's last known public appearance?

why wouldn't they buy on btc-e or stamps...

fonzie

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I´m just wondering about the fact that someone also must put in these 10-25 BTC asks all the time. As soon as one gets bought another one appears for nearly the same price.
I doubt that this is a pure coincidence.

Edit: The news that Gox isn´t doin JPY withdrawls anymore is also "funny".

WeltMaster

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Quote from: adamstgBit on January 21, 2014, 06:05:51 PM

Quote from: N12 on January 21, 2014, 06:03:15 PM

Quote from: fonzie on January 21, 2014, 06:01:53 PM

This bot is probably buying his own asks, to give the illusion that the exchange isn´t dead. Is the sum of total asks on Gox goin down? Where can i see those numbers?

http://www.bitcoinx.com/charts1/depth_mtgox.png
http://blockchained.com/depth_mtgox_15d.png

I wish these charts could use stamps data

Best I know of is http://bitcoin-analytics.com/

This only goes as far back as 1 day tho afaik.

DaRude

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In order to dump coins one must have coins

Quote from: dgarcia on January 21, 2014, 05:35:23 PM

Okay. There is Willy on the side of Gox, buying all the coins and even does not care for nothing more than buying no matter which price. That's one reason for the existing big price differences between the exchanges.

But to ask another time:

What the fuck is going on with stamp?

There are popping up sell offers for hundreds of coins, even below the price of BTC-E and Huobi, what is really abnormal. And it seems like there is no motivation to close the gap to BTC-E and Huobi.

Any idea?

Willy has little to do with the gap. Looks like gox is having some (unconfirmed) issues with JPY withdrawals. Haven't been processed in few days (they blame on holidays). Now it's much harder to arb thus the gap grows. When/If they fix their JPY withdraws the gap will close. Willy is just buying up coins for some fund not sure how many thousand BTC he bought up so far, but whatever price he gets now at 10-20BTC a pop is still MUCH cheaper than the slippage he'd get with one market buy. So pretty bullish i say, just takes forever to buy up those coins on btc-e and stamp with these low volumes. But one brick at a time the walls will fall...

JimboToronto

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Quote from: adamstgBit on January 21, 2014, 06:09:29 PM

Quote from: JimboToronto on January 21, 2014, 06:07:56 PM

Um, weren't they talking about Gox?

thats the problem

Gox or the fact they were talking about it? Cheesy

______

Virtex can be annoying at times but as exchanges go, it's not too bad for us Canucks.

adamstgBit

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willy is cool for buying shit tons of bitcoin and all.

but willy's evil twin billy will save my ass.

Ducky1

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📱 CARTESI 📱 INFRASTRUCTURE FOR SCA

Quote from: fonzie on January 21, 2014, 06:01:53 PM

This bot is probably buying his own asks, to give the illusion that the exchange isn´t dead.90% of all trades on Gox are created by willy. Is the sum of total asks on Gox goin down? Where can i see those numbers?

You can follow the numbers here also: trading.i286.org/# It was at 23000-24000 before "willy" started chewing

Edit: and last time he "chewed it went down to 15000-ish

adamstgBit

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Quote from: JimboToronto on January 21, 2014, 06:07:56 PM

Quote from: adamstgBit on January 21, 2014, 06:05:51 PM

Quote from: N12 on January 21, 2014, 06:03:15 PM

Quote from: fonzie on January 21, 2014, 06:01:53 PM

This bot is probably buying his own asks, to give the illusion that the exchange isn´t dead. Is the sum of total asks on Gox goin down? Where can i see those numbers?

http://www.bitcoinx.com/charts1/depth_mtgox.png
http://blockchained.com/depth_mtgox_15d.png

I wish these charts could use stamps data

Um, weren't they talking about Gox?

thats the problem

fonzie

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Quote from: N12 on January 21, 2014, 06:03:15 PM

Quote from: fonzie on January 21, 2014, 06:01:53 PM

This bot is probably buying his own asks, to give the illusion that the exchange isn´t dead. Is the sum of total asks on Gox goin down? Where can i see those numbers?

http://www.bitcoinx.com/charts1/depth_mtgox.png
http://blockchained.com/depth_mtgox_15d.png

Thanks, so it seems that they should run out of coins in the next 10 days :-) . Which would be by the end of the month. January 31 is going to be exciting as by then
you can´t get coins and money out of Gox and also the China withdrawls officially stop by then(whatever that means).

JimboToronto

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You're never too old to think young.

Quote from: adamstgBit on January 21, 2014, 06:05:51 PM

Quote from: N12 on January 21, 2014, 06:03:15 PM

Quote from: fonzie on January 21, 2014, 06:01:53 PM

This bot is probably buying his own asks, to give the illusion that the exchange isn´t dead. Is the sum of total asks on Gox goin down? Where can i see those numbers?

http://www.bitcoinx.com/charts1/depth_mtgox.png
http://blockchained.com/depth_mtgox_15d.png

I wish these charts could use stamps data

Um, weren't they talking about Gox?

adamstgBit

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Quote from: N12 on January 21, 2014, 06:03:15 PM

Quote from: fonzie on January 21, 2014, 06:01:53 PM

This bot is probably buying his own asks, to give the illusion that the exchange isn´t dead. Is the sum of total asks on Gox goin down? Where can i see those numbers?

http://www.bitcoinx.com/charts1/depth_mtgox.png
http://blockchained.com/depth_mtgox_15d.png

I wish these charts could use stamps data

N12

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Quote from: fonzie on January 21, 2014, 06:01:53 PM

This bot is probably buying his own asks, to give the illusion that the exchange isn´t dead. Is the sum of total asks on Gox goin down? Where can i see those numbers?

http://www.bitcoinx.com/charts1/depth_mtgox.png
http://blockchained.com/depth_mtgox_15d.png

fonzie

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This bot is probably buying his own asks, to give the illusion that the exchange isn´t dead.90% of all trades on Gox are created by willy. Is the sum of total asks on Gox goin down? Where can i see those numbers?

billyjoeallen

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Hide your women

Just struck me that a possible explanation for the "Willy" buybot on Gox is that Magical Tux does not have enough coins to make his depositors whole. If he is indeed illegally operating as a fractional reserve, then he would need more and more coins to keep the illusion going. With the fiat withdrawal backlog, the bot could be buying with money that is supposed to be pending for withdrawal. For all we know, he already left town. When was Mark K's last known public appearance?

ShroomsKit

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Quote from: JorgeStolfi on January 21, 2014, 02:04:44 PM

Quote from: aminorex on January 21, 2014, 01:30:16 PM

I'm trying to understand this. Off-putting, how?

Too much effort in convincing people to invest in Bitcoin, rather than to use it.

"Look at how many millions you could make by investing bitcoins" instead of

"Look at how many cents you could save by buying a toaster with bitcoins instead of a credit card."

A sure sign that an investment is a scam is when its TV ad shows a smug man on a luxury boat with three girls on each side. Renting a storefront next to NYSE is not as bad, but is going in that direction, IMHO.

I suggest you get out asap and leave this evil place.

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