Post
Topic
Board Speculation
Re: SEEMS LIKE LARGE BTC HOLDERS TRYING TO KEEP PRICE AROUND $800
by
Dalmar
on 03/02/2014, 21:00:14 UTC
Seems that the price of btc has maintained right around the $800 level on all exchanges for a fairly long time (except for Mtgox) - and it is doing so a little bit too conveniently.  With the stock market making big moves and various big news stories coming out about Turkey, Argentina, BTC china accepting deposits again, etc, you would think there would be bigger moves.  My guess:  the large btc holders are trying to reduce volatility in btc to remove this stigma about it.  They do so by capping rises and putting a floor on dips.  Manipulation is manipulation.  Let the market take it where it wants to go.

China is irrelevant until Feb 6-7th when either deposits actually come through or PBOC bans again. Feb 6-7th is the actual 'Jan 31st'.