Quote from: jeomses on January 26, 2014, 09:54:02 PM

- Bitcoin remains very manipulated. MtGox for example has been used to manipulate the market.
- Most bitcoins are, in fact, in the hands of a very few people.

My position:
- It's time to wait until the end of the week!
- But my position remains bear!

This is something that I have become very aware off from the past week, which I have spent watching the market closer than ever before.

Far too many massive single moves have been responsible for determination of market trends. Today, we have seen a 3 million dollar worth of Bitcoin purchases spring up out of the blue within a 5 minute time frame and take down a massive 1500BTC strong Ask wall at 820. Volume since then has been derisory and market is now down at 812. Was it merely some idiot with too much money that made this purchase or is there something much more convoluted and/or sinister at hand.