Quote from: jsalert on April 09, 2014, 11:33:52 PM

Quote from: hellohellooo on April 09, 2014, 11:29:40 PM

Quote from: IconicExpert on April 09, 2014, 09:33:24 PM

Someone push BC down to nearly 9000 before a push was made to prop it up.

Quote from: IconicExpert on April 09, 2014, 09:27:12 PM

A lot of BTC has been spent trying to keep BC from going below 9000

It has been admitted that the price is being artificially held up? That is BAD. PERIOD. People have to buy in at an artificially high price while the people selling right now are making more than they should be (you are helping the person dumping right now, and hindering new investors). Market needs to test real support, not artificial support. What is the true state of the market?

There is no such thing. That wall is money put up as a buy. Anyone could have sold into it if they had enough to sell to reach it. His money is a good a the seller putting up his wall for sale. It's all "real".

Quote from: johnngbluntzky on April 09, 2014, 11:36:53 PM

the market is not being "artificially held up". if the orders are there, and they get hit.. it means people are willing to invest at that price.. that is the main definition of a free market. nothing artificial about it.. and even if it was, every single high volume crypto has whales who try to control levels at times.. stocks as well. this is an exchange, with different people with various amounts of money to invest. this is how it works. you are just seeing a bit more transparency here than you are used to.

It is not real because there is no intent of actually using it to buy. It is only being placed there to influence other people into buying in front of it.. People are willing to buy at that price because they are tricked into thinking that is the real current price. You are right; it is a very common market manipulation tactic. One to be vary wary of because it indicates there isnt enough real support to maintain the current level..

The idea that this is better for the market is ludicrous. It is only better for the short-term benefits of those who are already heavily invested in BC. But this makes it a very bad time for new, big, investors to join in if they are smart enough to see what is going on.