I really think you have a valid point, but after seeing the large amount of bots in BTC-E, over the last few weeks I think the predictability and repeatability of bot trade is keeping the market very stable. The bots are trading at $10-15 increments all day, and it is over and over and over. Makes it hard to really rally, and get some big momentum going up or down. Just a thought, I think as trading continues you will eventually see more bots than humans in the trading markets..
What are your thoughts on the subject?
Regards,
CH
Topic: BTC is being manipulated into stability. But why? - page 3. (Read 3144 times)
"See look, its safe! Pile in guys!"
This. Also to reasure existing holders that they did not do anything stupid. The large holders want to get rid of the pump and dumping.
+1. I'm impressed with how the large holders have been able to stabilize the market several times now and still have plenty of powder left to do so in the future.
"See look, its safe! Pile in guys!"
This. Also to reasure existing holders that they did not do anything stupid. The large holders want to get rid of the pump and dumping.
Well tell them to get on with it already! I need to buy me some cheap coinz!
Spot on.
"See look, its safe! Pile in guys!"
This. Also to reasure existing holders that they did not do anything stupid. The large holders want to get rid of the pump and dumping.
This ever increasingly narrow price band is being manipulated into existence. I have watched the price action on the 1 minute charts for long enough, and witnessed the mountains grow up on the Bid/Ask walls without much movement ever occurring to be sure of that.
At first I was thinking that the price was being held up to allow large cash outs. But perhaps this enforced stability is in preparation for the DPR auctions or something else along the lines of attracting investors to an ultra risky and volatile asset; "See look, its safe! Pile in guys!"
P.S. If anyone wants to come on here and tell me that this is merely the hidden hand of the free market at work, proving that $800 is the new $120, then I would like to politely inform any such person in advance, that they are a idiot.
At first I was thinking that the price was being held up to allow large cash outs. But perhaps this enforced stability is in preparation for the DPR auctions or something else along the lines of attracting investors to an ultra risky and volatile asset; "See look, its safe! Pile in guys!"
P.S. If anyone wants to come on here and tell me that this is merely the hidden hand of the free market at work, proving that $800 is the new $120, then I would like to politely inform any such person in advance, that they are a idiot.
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