Quote from: oda.krell on October 01, 2014, 04:59:20 PM

Quote from: Torque on October 01, 2014, 04:50:41 PM

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.

It's different because that 2011 bubble was massively overbought compared to the number of users at the time, and the extent of the sell off was over after about 5-6 months.

This last 2013 bubble I don't believe was massively overbought. But the downturn has been going on for 10 months straight (coming up on a full year soon), and the manipulation of the market downward is STILL going on, as well as ongoing suppression. Doesn't make sense for it to last this long, unless someone has massive incentive (as well as coins/funds) to continue to suppress it further. And btw NO FAKE BAD NEWS NEEDED.