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Topic: 20/05/2014 Price movement from $445-500 - page 5. (Read 5078 times)

legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
Looks like a Market manipulation.. It's back to 456 now.

Market manipulation.. by.. who?? Benefiting... who??

A dip after a rise is totally normal, whether or not the price continues to rise or falls down later.

A whale (person with a lot of bitcoin/money) starts a buying frenzy, other buyers hop on board, then the whale dumps for a profit. Rinse and repeat. Making this potentially market manipulation by a whale (although I hope it is the beginning of a true rise)
legendary
Activity: 896
Merit: 1000
Looks like a Market manipulation.. It's back to 456 now.

Market manipulation.. by.. who?? Benefiting... who??

A dip after a rise is totally normal, whether or not the price continues to rise or falls down later.
full member
Activity: 224
Merit: 100
Looks like a Market manipulation.. It's back to 456 now.

Agreed, looks that way  Smiley
legendary
Activity: 1274
Merit: 1004
Looks like a Market manipulation.. It's back to 456 now.
full member
Activity: 224
Merit: 100
If there is no news driving this then I would guess its just more manipulation of the market...  Its hard to tell which exchange is driving it because of the algorithmic trading / automatic arbitrage.  The black boxes so far have been pretty biased.  They prop the price back up on sell bursts and let it rise quickly on buy bursts.  

Basically every illegal trading scheme in traditional exchanges is fair game in Bticoin and Bitcoin is not large enough to even by mildly resistant to manipulation.
http://en.wikipedia.org/wiki/Algorithmic_trading


Fair say, but think it's more news related??

BTC-e current price index @ $447.04
Stamp @ $456.74

Is it rebounding back down, and us select few over reacting ?  Grin
full member
Activity: 224
Merit: 100
It is morning in China...so probably something from there.

Very Wise  Cool

About midday 12.18pm


http://www.youtube.com/watch?v=_Db1eRyb_7Y  ??


AFP 'World's First' Bitcoin Shop Opens In Hong Kong
member
Activity: 99
Merit: 10
If there is no news driving this then I would guess its just more manipulation of the market...  Its hard to tell which exchange is driving it because of the algorithmic trading / automatic arbitrage.  The black boxes so far have been pretty biased.  They prop the price back up on sell bursts and let it rise quickly on buy bursts. 

Basically every illegal trading scheme in traditional exchanges is fair game in Bticoin and Bitcoin is not large enough to even by mildly resistant to manipulation.
http://en.wikipedia.org/wiki/Algorithmic_trading
full member
Activity: 224
Merit: 100
It is morning in China...so probably something from there.

Very Wise  Cool

About midday 12.18pm
full member
Activity: 224
Merit: 100
Roughly 2500BTC volume on Bitstamp between 03:30-04:30 GMT

Think y3804 right, could be whale action  Cheesy
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
It is morning in China...so probably something from there.
full member
Activity: 224
Merit: 100
What's causing price increase?  Cool

It's been under-priced for months??

Sideways for ages!
full member
Activity: 224
Merit: 100
went up abit but keeps going down a few dollars as well.

Holding steady around $460 for now  Smiley
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
What's causing price increase?  Cool

It's been under-priced for months??
full member
Activity: 224
Merit: 100
I wish I knew. We haven't broken much over $450 (been hovering $440) for weeks now. Maybe it has to do with the $30 million dollar investment into bitpay? I mean if they bring brick and mortar stores into the bitcoin marketplace, this is going to explode.

True, good point! However I think it's something other than BitPay procurement?  
sr. member
Activity: 266
Merit: 250
went up abit but keeps going down a few dollars as well.
sr. member
Activity: 406
Merit: 250
Someone suggested that Coinotron had a 51% mining share of LTC.
Other people suggested bullish news from China.

LTC pools are still finding blocks, no bullish news from China. No one knows.

My guess is a small whale'ish correction to fit the small uptrend from May 11th, as no news really back up the pump
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
I wish I knew. We haven't broken much over $450 (been hovering $440) for weeks now. Maybe it has to do with the $30 million dollar investment into bitpay? I mean if they bring brick and mortar stores into the bitcoin marketplace, this is going to explode.
full member
Activity: 224
Merit: 100
What's causing price increase?  Cool
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