Quote from: Sandhog on February 05, 2015, 04:53:35 PM

Quote from: jaredboice on February 05, 2015, 04:42:46 PM

Very interesting news.

But would anyone care to chime in on this very bizarre trading activity? I realize this image might be time sensitive (later viewers will only see a current chart)

http://coinmarketcap.com/currencies/bitcoin/#charts

But seriously, that is a bizarre spike up from the $225 area to $240.....and then an immediate spike back down.
And then not too long later, a spike down to the $215 level. This happened within hours (or maybe minutes).

It's a fluctuation where there are more sellers than buyers. It's supply and demand. I'm not sure who are the sellers but there are more sellers than buyers I reckon.

Lol I appreciate your response but obviously I'm aware that more selling produces lower prices. It's the degree and quickness of these spikes that give cause for concern. The line literally went straight up and then chilled for a few minutes and then went straight back down and then chilled for a bit and then dove straight down from there. Manipulated Market?

(Obviously there's a limit on how much Bitcoin can be manipulated in comparison to traditional markets. But still, it appears as if there's major market influence by participants with inside info)