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Topic: Theory : China began using wash trading to hide large buyers entering the market - page 2. (Read 1843 times)

legendary
Activity: 1946
Merit: 1007
So you are saying the chinese use the masive volume from free trading to hide their buying spree?

And you think we will follow them very soon and go up another 30-40 usd? Better start buying than.

Did you go in after this theory?

Will be interesting indeed, I think you may be on to something.

Chinese exchanges are known for rigging the figures in their volume. It's no surprise at all. But what really is fascinating here is how we managed to escape out of $300 psychological barrier and go up from there EASILY? Looks like bulls have a big stash that they got from the 2014 bear market that's why they're so motivated to bring this thing outside the roof.

True, I never expected to price to blast through the 300 barrier this fast, without any signs of retrace yet.

Either we are in for a massive (overdue) correction very soon, or we are really running full bull now.

There was a lot of potential for everybody to buy as much coins as they wanted in the 200-220 range, but I guess greed makes you want them even cheaper.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
So you are saying the chinese use the masive volume from free trading to hide their buying spree?

And you think we will follow them very soon and go up another 30-40 usd? Better start buying than.

Did you go in after this theory?

Will be interesting indeed, I think you may be on to something.

Chinese exchanges are known for rigging the figures in their volume. It's no surprise at all. But what really is fascinating here is how we managed to escape out of $300 psychological barrier and go up from there EASILY? Looks like bulls have a big stash that they got from the 2014 bear market that's why they're so motivated to bring this thing outside the roof.
legendary
Activity: 1946
Merit: 1007
So you are saying the chinese use the masive volume from free trading to hide their buying spree?

And you think we will follow them very soon and go up another 30-40 usd? Better start buying than.

Did you go in after this theory?

Will be interesting indeed, I think you may be on to something.
sr. member
Activity: 454
Merit: 250
Now that the buyers are here, people are stuck wondering how much volume is real, how much is not.

It would have been a trigger to the other markets to see Chinese volume suddenly surge with a price surge. It would show too plainly Chinese interest.

Now, we really don't how many coins the Chinese are buying, and other traders' uncertainty of how serious they are gives them more time to get them cheaper. A head start.
Race is on.
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