I've been wondering whether pirate is involved as well. The one confusion is that he mentions local customers, and if he's doing bitcoin HFT to profit off of volatility (thus smoothing it out) then I don't understand why he would have local customers... but this is probably explainable.
-s
https://bitcointalk.org/index.php?topic=82849.msg915349#msg915349Pirate said :
The only thing that would affect my profits would be a huge spike in price over a very short period of time.
That is consistent with what we have been talking about. A spike would break through a ceiling or floor he had set up.
also:
To be perfectly honest, it's funny to watch the Speculation board after I run transactions on Mt. Gox. Everyone thinks they know what happened and come up with these crazy ideas as to who is manipulating the market. I guess that's why it's here.
The truth is, it's nothing more than trading. We all try to get the best price for our USD/BTC trades. Why it's called manipulation when I trade thousands at a time vs hundreds I don't know. Maybe it's the fact that the market really isn't that big and feels like it's being "controlled" by these large transactions. Should I not trade anymore? If you played with the same volume I do, you'd see that building a "wall" to add support allows you to pick up or sell more coins at a better price. It's really that simple.
So tell me, is it REALLY manipulation?
from
https://bitcointalk.org/index.php?topic=63933.0;alledit:
mtgox fee reduction is a problem... that limits the game to large players
kinda hard to imagine that much money squeezed from gox' market, though.