put on your tinfoil hats. I think I've gone over the edge.
not sure if this should go here
Something seems really odd to me. So I wasn't in bitcoin during the April crash, but i heard that it was largely due to a ddos attack on mtgox. i bought a few bitcoin around $315 a week or two ago and have been watching the price etc. Now, when the price spiked to the $800+ area the exchanges started lagging or going down for periods of time. Maybe due to ddos attacks. But what seams strange to me is that the level we've been brought down to put us back in line with the exponential growth curve that started on Oct 13. So I guess my thinking is that big players are manipulating the market to fall in line with the exponential growth, shutting down the exchanges when growth becomes too strong or fast. It took a few days for the April crash to reach a bottom. As of right now the price is about 450-500 with no determinable bottom, whether or not this is a more long term correction or part of a mini bubble i don't know. The last two big crashes left us with a price an order of magnitude higher each time, so that leads me to believe that we still have some upward movement left which we will crash from and level out at about $1000.
I guess where my craziness creeps in is me thinking that these exponential growth patterns seem unnatural coinciding with exchange blackouts leading me to believe that there are people behind it. Am i crazy? is this kind of manipulation theoretically possible? Are these patterns possible as natural price movements? Is it possible to manipulate exponential growth to sustain it longer? If there are people manipulating the market and you read this could you give me a heads up on target prices
. I've read rumors that bitcoin is a big ponzi scheme.
I'm not usually one to believe in conspiracies, but something seems off with these price movements. then again i only took a semester of calc and i'm not to familiar with patterns of exponential growth. so Im probably wrong.
Something seems really odd to me. So I wasn't in bitcoin during the April crash, but i heard that it was largely due to a ddos attack on mtgox. i bought a few bitcoin around $315 a week or two ago and have been watching the price etc. Now, when the price spiked to the $800+ area the exchanges started lagging or going down for periods of time. Maybe due to ddos attacks. But what seams strange to me is that the level we've been brought down to put us back in line with the exponential growth curve that started on Oct 13. So I guess my thinking is that big players are manipulating the market to fall in line with the exponential growth, shutting down the exchanges when growth becomes too strong or fast. It took a few days for the April crash to reach a bottom. As of right now the price is about 450-500 with no determinable bottom, whether or not this is a more long term correction or part of a mini bubble i don't know. The last two big crashes left us with a price an order of magnitude higher each time, so that leads me to believe that we still have some upward movement left which we will crash from and level out at about $1000.
I guess where my craziness creeps in is me thinking that these exponential growth patterns seem unnatural coinciding with exchange blackouts leading me to believe that there are people behind it. Am i crazy? is this kind of manipulation theoretically possible? Are these patterns possible as natural price movements? Is it possible to manipulate exponential growth to sustain it longer? If there are people manipulating the market and you read this could you give me a heads up on target prices
. I've read rumors that bitcoin is a big ponzi scheme. I'm not usually one to believe in conspiracies, but something seems off with these price movements. then again i only took a semester of calc and i'm not to familiar with patterns of exponential growth. so Im probably wrong.