lol now there is a 50 btc buy mountain between 90 and 114. This guy is hilarious. He did the exact same thing on the 2x payout. I bet he literally bought every eac himself from 100 to 130 before he put this up. It a temporary hold but I hate this shit and it turns people off. Just let the market work itself out. Doesn't exactly show confidence when someone needs to go to such extremes.
isnt this guy part of the market?
Yes but he isnt simply just buying, he is heavily manipulating the price and basically blocking anyone from buying at certain prices. I never buy in these spots because the second his buy mountain disappears (and it will) the price will crash. Hes done this several times before and it accomplishes nothing because once he's done it goes right back down again. Also it makes people suspicious as if the market isn't honest when people are so blatant.
I guess this will happen every 2x and 5x day. Manipulating is expected, just same as other coins.