Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
We saw it happen in the alt market too: ETH pumped to the moon just a month or two before the DAO hack/exploit happened.
But of course you can stick your head in the sand and think whatever you want though. I care not.
Of course, manipulation is going on, and even moreso in alts, and you do care, so stop saying that you don't or you will make me sad.
It would be more irrational to believe there wasn't any market manipulation going on. Every market has this, this is like people declaring bitcoin is used for crime when Dollar and Euros notes are the most popular way to transport value by criminals world wide. Gigantic liquidity is why, watch the last series of Narcos for a fair explanation of the illegal trade constantly conducted in Dollars.
The point is to have an open competitive market available to all, then you have the basis for capitalism to take place. Not that people will stop being greedy or trying to be dishonest, of course they will.
Biggest problem right now is exclusion of participants by failure in the transactions fees