Quote from: inca on January 11, 2015, 09:58:59 PM

Quote from: octaft on January 11, 2015, 09:44:03 PM

Quote from: podyx on January 11, 2015, 09:37:12 PM

The majority of bulls have made a lot of money

Tell that to the folks who bought in at 400+. Given how high the price went, I would think they would make up a decent percentage of the bulls (especially if they're still holding), no?

Well i was late to the party and i bought most of my coins in march/april 2013. I am still in the green despite buying in 2014. I was massively better off from this particular punt last year but that is life

Whoever is driving the price down week after week knows exactly what they are doing. If it is miners then it is not in their interests to destroy the very commodity they are mining by crashing the price. Miners sell for income. It is exactly the wrong way to sell your coins in that context to dump thousands of coins on exchanges every few days and by doing so reduce the price for your next sale.

My only real concern has been our friends in the central banks. Bitcoin would be the only market they werent directly manipulating if they are not involved already. Could they destroy bitcoin? Dropping the price aggressively would be a great strategy. We already have some features of the gold market rigging in bitcoin - price moving sharply downwards on good news for example. The best way to dissuade new entrants to the market is to keep the price incredibly volatile and prevent it from rising.

That said this is probably just a nasty bear market with a few greedy speculators with total control of the market. Eventually it will be more profitable for the price to rise again.

Why all the conspiracy theories...is it possible that there are simply more sellers than there are buyers?

Why is that when Bitcoin does something strange they attribute it manipulation?

Maybe Bitcoin is supposed to be this way?