Prepare for free fall guys. The manipulators have taken enough of your money for now and will let the price plummet again to 300-500 levels in order to play the same game all over again.
Anyone thinking this is a free market is delusional. 99% of all coins owned by 5 people lol.
And who are these 5 people and if you knew this much you can very well provide their names as well,with this thread it looks like you are delusional to the core ,manipulation in a market is a regular occurrence and traders like to cash in the maximum during these times and even if the price of the coin touches rock bottom traders will find a way to earn money from it.
I don't think the current trends are price manipulation. It is pure, unadulterated, free market.
Price manipulation is illegal and could land you in jail if proven in a court of law.
I consider bitcoin is a rare example of a market not centrally controlled.
I'm sure there are some centralized agencies that have control over some bitcoins and obviously we know that the price will fluctuate based on politics in certain countries. All in all though, yes bitcoins themselves aren't centrally controlled. Mining is more and more centralized all the time though.
Btw what happened to this bubble popping? It seems to me the opposite happened!
It goes up, and up, and up, and then we get a hole, and then it busts. That is, I hope that's what happens.
I'm looking at the markets now and everything is still going up, and that's just spelling disaster for anyone heavily invested when everything starts to go down. I believe that Bitfinex is pushing this bubble and once that gets fixed, the bubble with pop and exchanges will see a rapid decrease in value as the markets try to equalize. Right now everything is too divided to get a good read, and there are massive discrepancies among each exchange. This is not something that should be happening and everything will correct at once, however some will be hit harder than others.
Not good if this busts in a really bad way.