So are you saying with all these bids, someone could still crash the market? During the last correction, it was over once we met with these solid bidwalls. What do you think theres some of those guys from the old gox days waiting to dump 100k btc loads all at once?
Did the walls look like this in april before crashing to 50?
Did the walls look like this in april before crashing to 50?
How many bitcoins do you have? You don't need to tell me. How much do you know about bitcoin, compared to the ones that have 10x less? Yes, you tend to have a very different knowledge and mindset than they do.
Now is the difficult part. How do the people think that have more bitcoins than you do, let's say 10x more? Don't they think differently than you? What are the implications?
I have a certain number of bitcoins and think a certain way. I extrapolate that the guys above me know even more and better than I do. If they have figured out that this is a good time to have a breather, they will execute their will. If I am wrong, I will eat my losses ($2 million in bank is a such a shame to have). Bitcoin is a managed currency.
--Of course the walls etc. have predictive value, but the difference is: you accept them, I erect them. The actual game is, whether (or: who of the) manipulators can increase their coincount, and how to keep the price appreciating such that it preserves bitcoin's long term potential to replace fiat.
Its more than a bit arrogant to equate # of bitcoins with knowledge or intelligence in trading. It makes you sound small for suggesting it.
More big money is coming into this market and the amount of coins someone needs to "manipulate" it is becoming larger and larger.
Go ahead, dump 10k coins right now. Lets see where we are in 24 hours. I would suggest we would be at the same level or maybe higher.
You want to risk 10k+ coins to see if you can move the market down a few dollars from your average cost of coin sold? Ha. Ok, be my guest.
Unless there are a room full of 50k+ bitcoin owners strategizing together, then I doubt there is very much successful manipulation going on.
I mean, you were on here earlier today preaching bear to try to drive down the price and everyone saw right through your motivations right away.
But, lets do an open experiment. Choose an exchange. Dump 10k coins and see what you can buy them back for. I'd love to see this case study. It certainly would shut everyone the hell up for a while about manipulation and "whale power."
to be honest.. seems like your goading him into cheap coins for all. I like your style.
...considering it was born out of my angst of being a day late to grab the cheaper coins.. It sure hurt buying the last on at 619 + fees after seeing the dips over the past week.. Ahh buy and hold.. buy and hold.. remind me to never let the fiat well run dry on the exchanges.. oh shit I gotta make another bill payment before its too late lol 
