Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

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.

I'm of the opinion that a large buyer is purchasing off exchange blocks and dumping on exchanges to build a massive and cheap stash. Nothing else makes much sense. Sure people panic but many of the sales come when you would least expect someone to panic

This guy already has a massive stash. This behaviour is not of someone selling to buy back cheap. It just isn't.

It's not buying back. It's setting his price on exchanges so he can buy off-exchange.

Miners / bitpay, ect use exchange prices to sell blocks. Drive down the exchange price and you get a lot more btc for your money

You would think that the miners could figure out a way to manipulate the price upwards then, for their own benefit? Perhaps seriously slowing down mining when the price is this low or using some cash reserves to pump up price to sell higher?

well mining at this price is good since usa miners have to pay income tax on bitcoin mined at the price they are mined at.
so while everyone is panicking i am continue mining!
with the latest mining gear we appear to be good for mining into the beginning of next year.
maybe first few months of next year unless some new mining gear hits.
this decline in bitcoin, gold, and silver started as the dollar went up .
we are at our third peak in five years and each peak has resulted in a crash of the dollar.
it is possible we are at the run-up to the final crash of the dollar.
i heard a rumor when blood is in the streets then is time to buy!