I know this sounds whacky, and it probably is, but the 12 HR chart on Huobi looks like one giant bot trading pattern. I have certain advanced pattern recognitions skills I have been tested for, but I can't explain how they work. It's just a feeling. The danger is that the lower the signal to noise ratio, the greater your risk of picking up false patterns. It's not unlike Professor Nash reading Russian Codes into all those newspapers in the movie " A Beautiful Mind".
So I'm going to preface this by saying I'm probably wrong and it's most likely sour grapes from missing a bunch of trades, but I get the feeling that this is something massive, like a fraud on the scale of Mt. Gox or even greater.
I'm not a conspiracy guy. 911 truthers weird me out. I think Oswald acted alone. I don't believe in Bigfoot, Nessie or the Loch Ness Sea Monster. I think conspiracy types use the Illuminati or whatever to avoid the personal blame for being losers. So I know how stupid this is going to make me look, but something is just not right.
I don't feel like someone's out to get me. I feel like someone's out to get everyone. I'm a dude. I can't afford to make decisions based on feelings. I have to make decisions based on reason. So I need to step back and try to regain some self-awareness. This is much more likely a problem with my perception than a problem with the market, but it is such a powerful feeling of foreboding and I have no evidence at all to back it up.
Man,
Why are you flipping ideas every hour. With your idea about china wanted all the bitcoins, you must have been right. They are manipulating us since the beginning. That is just fair b/c they are putting their money on the line.
You just pushed it a little too far with the gov wanted bitcoin as a reserve currency
that must have been some good weed ^^
But chinese individuals, surely wanted a biggest share of the pie. They are just buying as quick as they could before western people wake up. This is the first buying round. All chinese doing.
Well, this is only what i think anyway.
I was NOT putting that forward as a real working theory, but more of a joke, something that just popped in my head. I didn't say the Chinese want Bitcoins as the world reserve currency. I jokingly said they wanted it as part of their foreign currency reserves so that the
renminbi could become a major world currency. It is a whacky theory. Occam's razor applies. The simplest explanation is most likely correct. If there is a major manipulation plan, which there probably isn't, it is most likely private actors doing it for personal benefit.