What is the Willy Bitcoin Trading bot? – The Merkle News

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Mark Karpelès confessed in court that he was guilty of such practice, as he used “Willybot” to pump up the Bitcoin price on his now-defunct exchange Mt. Gox back in 2013. Dark Pools Dark pools are private exchanges where only big players, such as financial institutions or rich investors can make anonymous trades. When the infamous Mt. Gox exchange was on the verge of collapsing, there was a lot of discussion regarding the so-called Willy trading bot. Although there have been many trading bots ever since, now w Willy Woo, the technical Bitcoin expert who has 63K followers on his Twitter account, predicts the continuation of the bearish trend for Bitcoin price and the rest of the digital currencies. The technical expert claims that Bitcoin price could bottom in the range of $5,500 in June and he has four reasons to support his price prediction. WillyBot, MtGox, and Karpeles WillyBot is almost as notorious for Bitcoin users and MtGox itself. This bot operated as a trading bot, much to the concern of most traders on MtGox. The bot reportedly started operating in September 2013. The bot would buy large amounts of bitcoin over a six week span. Reports show that the bot was able to purchase approximately 250,000 bitcoin. Some reports even show that the Willy bot accounted for 30 to 50% of Mt. Gox’s entire trading volume – which is a significant amount, to say ...

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