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'The Willy Report' digs into automated Mt. Gox Bitcoin trading

By Shawn Knight
May 26, 2014
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  1. If you've spent any time on a Bitcoin exchange, you're no doubt familiar with the term "whale" used to describe wealthy traders. These whales are often credited with inflating the value of cryptocurrency but now we're seeing evidence that something...

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  2. captaincranky

    captaincranky TechSpot Addict Posts: 11,268   +1,692

    Are you sure you don't mean, "less than half", Shawn?

    Anyway, I've had several members and a guest, assure me that bitcoin was entirely safe, because every transaction could be seen on line.

    Prima facia, this looks like insider trading.:eek:

    But, I must be wrong about that, since so many "experts" have told me so.:oops:

    But bitcoin is better than the stock market, isn't it? :confused:

    And isn't bitcoin more stable than the Federal Reserve? :confused:

    So, none of this could have really happened, now could it? :eek:

    I think I'll bookmark this, for the spirited bitcoin "discussions", I know will surely be coming along.:cool:
     
    Last edited: May 26, 2014
  3. MilwaukeeMike

    MilwaukeeMike TS Evangelist Posts: 2,690   +1,067

    I've already filed it next to the story from the early 2000's about the internet making TV obsolete and the one about all of our cars being electric and/or hydrogen powered by 2020. :)
     
  4. Buy in low volume to creep up the price and sell your large stash to the bagholders. This is like trading penny stocks or junk bonds. Go watch Wolf of Wall Street.
     

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