During the last weeks, I'm having the strong impression that the new official "market makers" are Chinese.
Just take a look to the times of the day in which big moves happen. It's always deep night in the US (the big buys that propped up the price today happened around midnight NYC time). And then, remember how in March everything "big" happened when the US waked up, including the April, 10th chart. Biggest activity was always during USA daytime.
This changed completely during the last weeks. I'm in Europe, and usually big moves are happening while I'm waking up. And I'm pretty sure there are not many big european players, because the US was always leading the market, and nothing relevant happened in order to shift the "power" to europeans.
On the contrary, just think on the huge amount of coins ASICminer is piling up. Just a friendly reminder, aprox. 15% of the coins rewarded daily (3,600 in total) go to asicminer. Half of that goes to public shareholders. The other half, stays in ASICminers and private shareholders hands. Then, you have the huge revenue stream coming for overpriced hardware sales. They really got a big piece of the pie ATM, and I'm quite sure that piece of the pie was
taken from US hands.
What about Avalon? They should be controlling +100k
BTC at the moment.
So - what do you think? We can officially say that we have to wait till "China wakes up" from now on?
PS: Coinseeker, I know that hurts... But it is what it is
So why Beijing and not Tokyo?
It's just an hour difference and you can safely assume there are lots of people holding coins in Japan , or at least one
)))
But , If they target this hour specificaly , how can you rule out their are US traders?
For a few thousands or more dollars most people will stay awake or wake up in the middle of the night!
Well, Satoshi's holdings are public (blockchain anybody?) and not a single coin belonging to him has ever moved. Plus, Satoshi is not Japanese, he is very probably an individual or a group of people living in Ireland/Europe.
If you want to know the "reasons why" of what I'm saying above just use research this forums using the search function.
Then, of course it could be US traders staying awake till 3AM, but it seems unlikely considering that lately all the volume is happening at those times (deep night in the US), while till April (even May) big moves happened always during US daytime, and in fact you could see big spikes on volumes as soon as it was aprox. 9AM in NYC, lasting till aprox 7PM NYC time, when everything calmed down.
Add to this speculation the irrefutable fact that in the last months the two biggest new Bitcoin-superpowers are Chinese (Avalon and ASICminer)
