Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
He's a fairly well known guy in the bitcoin twittersphere. I think he's basically a bitcoin maximalist. He's just been a little overbearing in his pain forecasts.
What about if the r0ach hypothesis of the market is accurate, then is it bearish? That a single entity on Bitfinex has controlled the price all the way from $200 to $20,000 and I'm leaning towards the identity of that entity being Bitmain. If the identity of this entity was Bitmain and Bitmain implodes, bankrupts, or has no money to pump it anymore, then how is bitcoin going to be artificially manipulated to a bazillion dollars each with no Bitmain to rig it there?
Stop trying to claim credit for a theory that is shared by a lot of other reddit nutjobs. The bitfinex manipulation theory. Can read a thousand versions of such theory on reddit with such minor variations that they all boil down to nearly the same thing, which, in essence, is pie in the sky making up shit.
