Quote from: DoM P on January 14, 2015, 11:07:46 AM

Quote from: turvarya on January 14, 2015, 10:08:53 AM

I am posting here, because you are obviously an idiot.

That's impolite of you. Moreover, you disagreeing with me doesn't necessarily make me an idiot, but behaving like that tells a lot about you. You may want to think of the implications of that.

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Your statement: "I don't know, how to do it, so, it can't be done", just shows that you are very arrogant

And what to say about your argument "I don't know how this works, but I know it's being manipulated" ? What adjective would best fit that?

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Over 10 years experience in finance business doesn't mean anything. A friend of mine also works in finance business for some years. I don't think, he would call him self an expert. Not after the stories he told me, about what he is actually doing, but I am sure it looks good on his CV.

Whatever. Just ask your friend to explain how this works to you.

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If you are sure, it is not a price manipulation case, than show me, what else caused it.

Well, a common mistake that I can see underlying in your question is the fallacy of the single cause
See here for details: http://en.wikipedia.org/wiki/Fallacy_of_the_single_cause

What has been happening is that we are in a bearish market for quite some time now.
This trend has been quickening its pace since January 3rd.
Why? I don't know. People get tired of the price decreasing and decide to cut their losses I suppose.
At some point, market pshychology has to be taken into account.
Check this here: http://www.investopedia.com/articles/trading/02/121602.asp

So, after such a long time in a bearish market, people still with bitcoins are holding, expecting the price to bounce up.
And then, something happens. What? I don't know. Maybe that news I posted before about the Russians, maybe some big holders decide this is enough, maybe something else (I checked the Bitstamp btc to see if they had hit the market and coud have caused this, but they're still being mixed.)
Whatever it is, it forces the trend down even more.

Then panic rises. people start selling, stop orders are triggered, etc.
But in the mean time, people are buying a lot. Never saw a volume like yesterday, and today's volume will be even bigger, seeing how it started the day.

So, basically, this is panic time. No manipulation here. And, I would add: if some had managed to manipulate the price, that someone lost a lot of money those last 2 days (that's the risk, and that's why pros wouldn't manipulate this market.)

Where will it stop? Noone knows.

We at CryptoCoins hedge fund have decided to keep holding the little bitcoins we still have, and wait for a rebound to step in with the cash.

Thank you very much. Very informative!