Post
Topic
Board Speculation
Re: Price manipulation going on right now at the big exchanges
by
Hiro_Y3k
on 02/10/2014, 14:31:50 UTC
As long OTC bitcoin trades take place, one can never know the actual demand for bitcoin. I would argue that the OTC market is a far better gauge of demand. If the price is being deliberately suppressed, then it is creating the ideal price on-ramp for heavy investors. If/when we see the price rise or accelerate, those investors will have sizeable positions, while everyday buyers will face daily buying limits. Demand pressure can easily reach a bottleneck because of bitcoin's limited supply. This could be in a year, 2, 3 years.

And just how long will miners be willing to go along with the lower price? Bitcoin's difficulty and hashing are ever increasing. Miners have serious expenses to balance out. They can't subsidize an artificial low price.