Trends very strange, even suspicious

I saw someone in here recently post that they believe a 3 letter agency probably owns the vast majority of the BTC in circulation. I think they said the FBI. At the time I thought it may be sheer conspiracy theory, but I'm starting to think they may be on to something. Or at least a group of people that are in bed (figuratively speaking) with one another own enough of it to control the value based on their whims. It's getting past the point now where you'd think it's due to people merely looking to cash out when the value hits a certain milestone, or approaches a new high. All signs pointed to a bear market with so much unfavorable news lately... countries governments regulating the control of bitcoin or outright banning it, including China and it's massive economic pull. The infiltration of TOR markets and resulting reluctance of people to use the currency to buy illegal goods, which let's be honest here, was a huge draw and factor in how the value climbed like wildfire to begin with in the early days. Exchanges folding and taking people's BTC along with them (at least BTC-e was nice enough to give 55% back). A hard fork that this time around looks like an inevitability, which won't be a good thing for investors, let's be honest. All signs pointed to things not looking good in the short-term, yet the drop off stopped again right at the same point basically that it has every time it approaches one of those said milestones... from 1K higher than the previous down close to 1K lower... and is now more than halfway back up again despite what I've stated above. Pretty unexpected unless you go solely by the past trends. And that is a sign that either a small number of people hold the vast majority of the currency, or at least the ones that do are, again, in league with one another. Not much else makes sense because confidence was at an all-time low pretty much several days to a week ago. It's not going out on a limb very far to say that John & Jane Q bitcoin investor weren't in buy mode recently, even when the price approached 4K, because based on all the evidence & bad news there was every reason to believe to may very well continue to fall for awhile. That was the prevailing attitude almost everywhere you looked.

Of course it is very volatile, and for all I know it could be back down near 4K within a couple days. But if not, and it climbs close to 5K again and then all the sudden levels out... I'd keep my eye on a value chart and refresh it by the minute looking for a sudden drop, and if you're the type to get in & out, moving your money around and trying to maximize profits, I'd "join them" so to speak, cuz you sure can't beat them. And not the kind that stays in it for the long haul.

I personally keep a good amount in to stay and move around maybe 35%. So far I've been right on the money of when to get in & out, but this time I totally expected it to drop lower than it did, and feared even a sustained, slow but steady drop. I'm also glad I was wrong, but at the same time I'm smelling something fishy here and that person I deemed a conspiracy theorist at the time may be dead on. All those site admins and vendors on the darknet they took down... do you really think they just put those BTC in some evidence room to sit & collect dust. Well no, invisible fiat currency can't collect dust first of all, or sit anywhere for one. For another, even if it could, it wouldn't. And even that was probably just a Christmas bonus in the grand scheme of things to them compared to the volume they hold.

* Disclaimer * - Mere speculation only... and it was somebody elses idea actually. I'm just considering backing their play now.

Topic: Trends very strange, even suspicious (Read 328 times)