Topic: Wall Observer - MtGoxUSD wall movement tracker - page 1146. (Read 1811595 times)

so, if we assume the Sells and the Buys were both him. His strategy is to sell low and buy high? ;p

He made a comment some days ago, that he could drive the price down to 1.80 $/BTC, that is when I looked it up in the order book at the time and saw that around 1 million USD worth of BTC would have been needed to do so.
IF his claim was right, he would have had by that time (less then a week ago) around 1M USD ( 150,000 BTC) in assets.

So far it is fairly save to assum, that the 70k BTC (around 500k USD) stash that moves now and then belongs to him. The best evidence to me is the very timely correlation to his announcements on IRC and the trading followed by it, or not followed (e.g. when he said that he goes to bed and nothing happened thereafter for a day).

Around 44k BTC were involved over the past 4 dumpings on the 17th (34k BTC) and the 20st (10k BTC), when the price was brought down from around 8.8 to 7.8$ in a big dump -edit- on average: 8.3 USD/BTC -edit-. Those two combined bring the total USD aquired in those moves to ~365,000 USD.*

Around 70k BTC were then bought 4 hours ago driving the price up from 8.81 USD to 9.70 USD, equalling an average price of 9.255 USD/BTC  for all the USD spent. That means, around 647850 USD were sold for 70k BTC.*

In combination, those 44k BTC spent from the 17th to the 20st of July have -edit- incurred around 4500 BTC today in losses -edit-. He also bought additional 21500 BTC today, driving his total balance to 70k BTC. There maybe more that we just dont see yet.

IF this is the only player of that caliber right now, one would expect him to move the price in the other direction, once he can gain higher average prices for his sell. As soon as a 70k BTC dump would score more then the 647850 USD spent, one can expect a huge sell to happen. Especially as this player has shown signs of megalomania and expressed affection for large swings.

*Volumes taken from clarmoody.com and bitcoincharts.com

Over 200,000 borrowed bitcoins. That is why the more he tries to manipulate the market with the borrowed BTC, the higher the risk of a pirate in a short squeeze.

Pirate makes a few jokes and you turn him into a god.  Pathetic.

We know he has nearly 100K just in PPT's and the like on GLBSE. So there's your "tip of the iceburg" starting point.

This made me laugh 

I think he has more than 200,000 bitcoins.

i think his influence is much overrated.
how much money is he in charge of? somebody knows?

Didn't you know, pirate also control the weather, he even control when you have to shit. I thought people would know this by now..  

I think it's always safe to assume that pirate is behind whatever the price is at any given moment.

sry, just woke up ans didnt read all todays posts Is there any clue to whether pirate was responsible for the last Buy (up to 9.70)?
If so, how do we know?

Thx

kim dotcom slush fund

Here's an overview if the asks up to $9.30 were bought:

It was a hugely epic day. Like a $3, 40% swing or something. It got caught in a pretty short loop I think, like a few minutes long.

Thanks, what happened the last time this bug happened, does anyone know? Were the orders that were being looped completed? And was it caused by a large buy/sell?

The buying was so epic that Gox simply can't keep up with it, shame for them, cowards!

Some millionaire started buying ungodly amounts of coins all at once, so yes this price spike really happened

I don't think there's any way to know yet.

Probably happened, then gox looped, which has happened b4 as previously stated.