The price is heavily manipulated by a group of people
http://www.youtube.com/watch?v=Qh2sWSVRrmo
Topic: Wave of Selling --- Wave of buying (Read 973 times)
The price is heavily manipulated by a group of people
LOL
Quote
All this has happened before, and all of it will happen again.
It only works when you fall for it. Let that be todays lesson for everybody.
+5
It only works when you fall for it. Let that be todays lesson for everybody.
ah yes. As my sister would tell me "no shit Sherlock"
It only works when you fall for it. Let that be todays lesson for everybody.
The price is heavily manipulated by a group of people
Most of the time, there is a gentle give and take around a relative mean value.
Then there are time where there are waves of selling, more selling, selling on top of selling, driving the market down. Perhaps bot traders readjust positions automatically since it seems that the action is too fast for human traders to okay a substantial role other than panic sell.
Alternately there are waves of buying, where market sentiment turns around and buyer-bots find a price point irresistible. Then the wave gaps up, scooping cheaply priced coins.
bitcoins are a unique item, where the costs to mine are well known and defined. They are desirable for speculative reasons only since utility is marginable right now. And with a relatively thin market, a few million here or there can move it sharply.
We are seeing this now, and we will see it again.
Long live the free market along with its manipulators!
Then there are time where there are waves of selling, more selling, selling on top of selling, driving the market down. Perhaps bot traders readjust positions automatically since it seems that the action is too fast for human traders to okay a substantial role other than panic sell.
Alternately there are waves of buying, where market sentiment turns around and buyer-bots find a price point irresistible. Then the wave gaps up, scooping cheaply priced coins.
bitcoins are a unique item, where the costs to mine are well known and defined. They are desirable for speculative reasons only since utility is marginable right now. And with a relatively thin market, a few million here or there can move it sharply.
We are seeing this now, and we will see it again.
Long live the free market along with its manipulators!
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