we don't need bots, we don't need gox.
as can seen by the charts in the article, the bot trades were just noise on the charts, they hardly affected the price, unless i interpret them wrong, the charts look more like modern art than real charts.
as can seen by the charts in the article, the bot trades were just noise on the charts, they hardly affected the price, unless i interpret them wrong, the charts look more like modern art than real charts.
Agreed. Also, what a convenient timing to release that report.
I thin someone doesn't want a rally to happen this summer, for whatever reason. I think the author of this report greatly underestimates the psychology of the masses.
Attribute the two 2013 bubbles only to the Willy bot and insider fraudulent trading at Mt Gox, is a bit over the top. This guy clearly has an intention.
Since bitcoins market cap is still so low, bubbles are a NATURAL thing to happen, coming straight out of the physics of the underlying system, which in this case is the bitcoin ecosystem combined with mass psychology.
We'll have a few more BTC bubbles even without Gox Bots and fake orders
The author of that report has some wishful thinking.