Did you live under a rock?
>90% of the 300k volume happened with 0 fee trading bots. Gox bot was only buy orders too. That's a huge part of the total volume.
The bubble almost certainly wouldn't have happened to these extents without willy. Don't fool yourself.
Topic: Willy Report disucssion - page 2. (Read 1987 times)
For those who missed it: http://willyreport.wordpress.com/
I really wonder why there is no discussion ongoing.
I think these news just HUGE. It totally slaps all that exponential growth theories down if true.
Apparently both 2 latest rallies were mainly caused by the Gox bot?
I really wonder why there is no discussion ongoing.
I think these news just HUGE. It totally slaps all that exponential growth theories down if true.
Apparently both 2 latest rallies were mainly caused by the Gox bot?
Fraudulent trading at Gox during November = 9,000 Btc per day
Global exchange volume during November = 300,000 Btc per day
The ultimate case of the tail wagging the dog
Very interesting, thanks for sharing. I do wonder how the lack of artificial buying pressure will affect the future market (and indeed, as jl2012 pointed out, how much of an actual effect it had to begin with, especially considering Bitcoin is seemingly driven by an exchange ecosystem and not Gox alone).
While the author of the article claims that the exponential growth trend is now void, I wonder if perhaps Willy activity set enough of a precedent/historic pattern of growth to be resumed by more natural natural market forces. Or, as the author implies, we will be seeing less dramatic bubble rises and more stability from now on.
While the author of the article claims that the exponential growth trend is now void, I wonder if perhaps Willy activity set enough of a precedent/historic pattern of growth to be resumed by more natural natural market forces. Or, as the author implies, we will be seeing less dramatic bubble rises and more stability from now on.
Don't exaggerate. I'm not saying this.
But reports shows that these 2 rallies was hugely driven by Willy, and would we have other rallies, it might be way slower (and so all that nice exponential chart models are so flawed).
But reports shows that these 2 rallies was hugely driven by Willy, and would we have other rallies, it might be way slower (and so all that nice exponential chart models are so flawed).
MtGox died 3 months ago. If Willy was the only reason for the run from 10 to 1000, we should now be closer to 10. However, we are much closer to 1000 now.
And don't forget, during the latest rally, most smart people escaped MtGox and were trading on other markets. BitPay stopped using MtGox since June. Volume in MtGox had moved to Bitstamp and Chinese markets. These other markets are real markets where people could freely deposit and withdraw both bitcoin and fiat. Especially in Chinese markets, fiat withdraw and deposit was completely friction-less before the PBoC ban. High price at these markets could not be sustained without real liquidity.
The Willy report is an excellent forensic analysis. However, I don't agree with its conclusion that Willy was the single most important factor in the previous rallies. Undoubtedly Willy had "contribution", but it was only one of the many reasons.
Don't exaggerate. I'm not saying this.
But reports shows that these 2 rallies was hugely driven by Willy, and would we have other rallies, it might be way slower (and so all that nice exponential chart models are so flawed).
But reports shows that these 2 rallies was hugely driven by Willy, and would we have other rallies, it might be way slower (and so all that nice exponential chart models are so flawed).
For those who missed it: http://willyreport.wordpress.com/
I really wonder why there is no discussion ongoing.
I think these news just HUGE. It totally slaps all that exponential growth theories down if true.
Apparently both 2 latest rallies were mainly caused by the Gox bot?
I really wonder why there is no discussion ongoing.
I think these news just HUGE. It totally slaps all that exponential growth theories down if true.
Apparently both 2 latest rallies were mainly caused by the Gox bot?
tldr;
So the whole bitcoin ecosystem is driven & manipulated from 1 bot ....all the rest is just a mirage
STAY OFF CRACK !!
For those who missed it: http://willyreport.wordpress.com/
I really wonder why there is no discussion ongoing.
I think these news just HUGE. It totally slaps all that exponential growth theories down if true.
Apparently both 2 latest rallies were mainly caused by the Gox bot?
I really wonder why there is no discussion ongoing.
I think these news just HUGE. It totally slaps all that exponential growth theories down if true.
Apparently both 2 latest rallies were mainly caused by the Gox bot?
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