It is not real because there is no intent of actually using it to buy. It is only being placed there to influence other people into buying in front of it.. People are willing to buy at that price because they are tricked into thinking that is the real current price. You are right; it is a very common market manipulation tactic. One to be vary wary of because it indicates there isn’t enough real support to maintain the current level..
The idea that this is better for the market is ludicrous. It is only better for the short-term benefits of those who are already heavily invested in BC. But this makes it a very bad time for new, big, investors to join in if they are smart enough to see what is going on.
you can't make the claim.. you don't know. it hasn't even been tested yet. you have completely discredited your own argument.
now yes.. of course it could be fake, but you are asserting that you "know", when in fact, nothing has been proven yet.
how do we know the 40btc sell wall is real also? we don't. it ain't been hit.
i know you are not new to markets, you talk the talk.. so i assume you know all of this already.
You are right the sell walls very well could be fake as well, or not. The big difference is, we know that the buy wall is fake because it has been said that it is fake. Because of that simple fact there is no need to "test" it and my argument is in noway discredited by it having not been tested. Nonetheless, if it were tested I imagine it would get pulled. Nobody gunna test a whopper of a wall like that, though, unless they know and have a lot of something..
I just think that, considering this is the time that the marketing has kicked in and we are trying to bring in new and big investors, that the state of the market needs to be real before any new, big investors will consider coming in (most big investors are smart enough to read the markets). That is why I think this is bad in the long run.
Anyways rant over. Sorry the intrusion.
