Quote from: incraft3817 on January 14, 2012, 04:55:21 AM

Quote from: bitcoinbitcoin113 on January 14, 2012, 12:49:55 AM

Honestly, I don't think its bears or bulls. It is some people with a ton of money who just push the price around when they feel like it for whatever reason, then it stabilizes at whatever new price they have chosen.

Totally agreed. There is no bulls or bear in this market, sorry to pop your cherry, but the guy above speaks the truth. A small group of millionaires are manipulating the market. They are taking turns taking profits and you can easily tell because every sell off comes a rally, rinse and repeat.

You guys got it.

Don't tell the folks having all the fun talking about free markets, Elliott Waves, supply and demand, etc. This is good practice for them in always having an explanation ready even if for no one other than themselves. Not so much for the Wavers though, the game they play is well known for making it trivially easy to fit whatever "patterns" one want to any set of data points, and to refit completely divergent variations at the drop of a new sample point