Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
oda.krell
on 01/10/2014, 16:59:20 UTC
Same question I have BitChick.  It really seems as if more is going on here than just a whale with a lot of coins selling.  Someone seems to have an endless supply of coins and is actively trying to suppress a market that would naturally rise if not for the massive sell walls.  If they are trying to destroy market confidence, I say it's likely working so far.

Remove those walls, and I guarantee that we'd be at 500+ in 2 weeks, and with rising volume.

But no... don't even so much as breathe the word 'manipulation' on these sub, lest you get completely ridiculed and called a tinfoil hat wearer.  Even though the whales' intentions are so obvious an 8-year old could figure it out with the data.

Right.

So how exactly is this different from $32 to $2 in 2011?

If we're subject to "manipulation" now, we most certainly were manipulated back then.

If we were manipulated back then, how exactly did that work out for the manipulator / Bitcoin in general?

tl;dr People need to relax. Price goes up, price goes down. Sometimes the latter takes longer than the former.