Quote from: marvinrouge on November 04, 2015, 07:08:46 PM

Quote from: toinew on November 04, 2015, 06:59:54 PM

i've been observing price movements all day and it seems really fishy that huobi is always dragging all other exchanges up so much.
Something is happening in China now, either some few big hands, or either the MMM thing.

China's population is so big that you will find relatively much more people to go in a ponzi. That huobi looks like a ponzi to me.
Just to be honest.

Bitcoin marketcap is not so big. One chinese millionaire who wants to invest in bitcoin may be enough to cause that move. Besides, a lot of people were waiting the end of the bear period to buy.

It is more sensible to wait and observe the other markets' reaction to the huobi exchange before jumping to conclusions. It could be a scam or it could be a genuine buy. Let us wait and see, meanwhile a total market analysis should be advisable.