Post
Topic
Board Economics
Re: What happened ?
by
dothebeats
on 26/05/2015, 18:49:54 UTC
I think its ridiculous to explain the move from 600s to our levels because of bots manipulating the price.

Simple explanation: whales want more money. It is also amazing how we achieve the $1000 level within a short period of time, thanks to the Willy bot and China buying pressure.

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Demand is low right now, and the market is full of bots and manipulators making some profits on swings in price. It is basically the traders and manipulators that are playing in the markets, not much from other people interested in buying bitcoins.