Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
On the 27th and 30th August 2013 Markus bought a lot of BTC, further faking the bull market (total net BTC bought by Markus = 297628). From the Willy report:
In this table, the first two trades (buy/sell pairs) are by some regular user with ID 238168. In the second trade, this user buys 0.398 BTC for $15.13. The next trade is some large market buy by Markus (ID 698630): note how the $15.13″ value from the previous trade seems to stick; regardless of the volume of BTC bought, the value paid is always $15.13. This is speculation, but perhaps for Markus, the Money spent field is in fact empty, and the program that generates the trading logs simply takes whatever value was already there before. In other words, Markus is somehow buying tons of BTC without spending a dime.
In this table, the first two trades (buy/sell pairs) are by some regular user with ID 238168. In the second trade, this user buys 0.398 BTC for $15.13. The next trade is some large market buy by Markus (ID 698630): note how the $15.13″ value from the previous trade seems to stick; regardless of the volume of BTC bought, the value paid is always $15.13. This is speculation, but perhaps for Markus, the Money spent field is in fact empty, and the program that generates the trading logs simply takes whatever value was already there before. In other words, Markus is somehow buying tons of BTC without spending a dime.
I took that to mean speculation concerning the mechanics of the bot: the actions themselves are not in question.
that db dump was doing the rounds last year, im sure you can still download a copy of the raw data if you are interested.
Until we have the outcome of an official investigation Mt Gox and the mysterious trading bot is idle speculation. A file floating round the net or a 'blog' do not constitute a smoking gun.
If it turns out to be true then the price then there should be criminal prosecutions.
But either way the price has been unsupported by that bot for over a year and is now rising from a protracted bear market without it.
Bears need better FUD. Perhaps it is time for another China ban or another dark net market running with their funds. I am sure you will come up with something. Because with shorts at all time highs you need it in the coming days.