Quote from: deisik on March 14, 2015, 09:03:51 AM

Quote from: flyingplows on March 14, 2015, 08:22:31 AM

Can you explain why even the price has risen - I was just getting ready to buy cheap because of that recent auction of 50,000 BTC, but instead the price moved up.. Roll Eyes

I entered crypto not that long ago, but I noticed that things reflected in the news basically don't influence the price at all, it seems like some big whales are just manipulating the market to their needs and there is nothing you can predict here.. Sad

If you look at the trading graphs most of price drops happen suddenly like a stone (be it a small drop or big drop) and then trading returns to normal again, i mean its not gradual decline..

It means that the market has little liquidity relative to the amounts stashed in big wallets. And when one of these big fish finally decides to shell out, the market takes a sudden deep plunge momentarily. Then small fish begin buying up, and the price slowly rebounds...

Seems about right. This type of action is an inevitable result of having huge stashes placed in certain wallets. This phenomena is not unique to 'virtual' currencies either.