There are already 2 threads out....
and  No, we're still not affected.

When the chinese government "banned bitcoin", the price dropped from around $1200 to $900 rapidly meaning it was China not Willy responsible for the huge price increase. China has over 2billion civilians and plenty of billionaires...

$115million is not even 5% out of 7billion, which is Bitcoin's market cap..

I wouldn't call it overpriced i belive we will pass it again in upcomming months.
Also OT i don't think that it affects us that mutch and market graph isn't saying anything other.

OK cheers, if there's no risk and it's actually Bitcoiners funds going in, then that's cool.

Temporal acceleration to $1200 by fraudulent automated trading.

Legitimate volume from Bitcoiners would have taken longer to achieve?

Bitcoin available for trading.

Coindesk stance:

"Trusting exchanges

Once again, dark clouds have gathered, not around the bitcoin network itself, but around the centralized gateways guarding the on- and off-ramps between it and the legacy financial system.

Such businesses have operated mostly off the block chain and are inherently trust-based, functioning effectively as unofficial and uninsured banks. With developers and executives from the technology world rather than the financial, they have been accused of everything from incompetence to malice before their funds simply vanish – often along with the businesses’ owners.

A trustless crypto-based payment system still relies heavily on trusted supports. More often than not, these ‘trusted supports’ are unregulated, hence they attract unscrupulous traders and speculators.

Those in the pro-regulation camp point to the inherent weakness of unregulated exchanges as one of the biggest problems facing bitcoin, but regulation remains a controversial topic in the bitcoin community and there is no clear consensus on what should or could be done to stamp out abuse."


http://www.coindesk.com/bot-named-willy-did-mt-goxs-automated-trading-pump-bitcoin-price/

Most exchanges offer an API, which software engineers can use to facilitate automated trading.

Willy/Markus bots sound like they were purposely programmed to maintain Mt Gox price index within tolerances. Then systematically make acquisitions which would only inflate BTC price.

When the price stated shooting up last week, lot's of speculation appeared on this forum - with a lot of traders saying it's due to "Whale" action or market manipulation.

I'm not 100% sure similar bots aren't being employed at the Majors right now. But most believe recent activity to be legit.

I don't have a problem with the use of API's for conducting day trading margin buy/sell's. Just an issue with bots designed to manipulate the market.