I subscribe to the benevolent manipulator theory. There are some entities with lots of coins, and also some willingness to cash out to buy some real world goodies. The walls are just the right way to unload, because they bring some dampener to the rally (which is good), and enable some new entrant to take big positions (which is good). If all we did was similar to Bitstamp yesterday (no coins to be bought for anything but +5$ over Mt.Gox), the market would not accommodate any bigger investors and we would be in a precarious position if all the expensive coins were bought be the small investors only.
Healthy market = lots of investors, a few big and many small, and everybody having different entry points, expectations and plans.
Topic: Where have all the mainpulators gone? (Read 918 times)
Well, I would guess our "benevolent manipulator" is having a hard time putting out the fire all by his lonesome self.
This is the real thing: explosive growth.
(To be honest, I called the top at $65 and look what that got me.
)
This is the real thing: explosive growth.
(To be honest, I called the top at $65 and look what that got me.
)Well... right now the price isn't going anywhere but down unless someone buys that 20k. They very well might, but it takes someone with that buying power to conquer these kinds of walls.
Well, I would guess our "benevolent manipulator" is having a hard time putting out the fire all by his lonesome self.
This is the real thing: explosive growth.
(To be honest, I called the top at $65 and look what that got me. )
This is the real thing: explosive growth.
(To be honest, I called the top at $65 and look what that got me.
) I think this one is our 'benevolent' manipulator. These walls have periodically gone up, seemingly for little more than to give the price some breathing room, preventing a completely explosive and thus potentially destructive climb and immediate crash scenario. This person probably uses these moments to load up on more coins also. This way they protect their investment while hoping for much more stable, higher prices. Usually these walls are pulled after the breather is complete.
I would agree with you before we breached 2011 high, but now the price has gone from deflagration mode to detonation mode I don't know what to look for...
I think this one is our 'benevolent' manipulator. These walls have periodically gone up, seemingly for little more than to give the price some breathing room, preventing a completely explosive and thus potentially destructive climb and immediate crash scenario. This person probably uses these moments to load up on more coins also. This way they protect their investment while hoping for much more stable, higher prices. Usually these walls are pulled after the breather is complete.
Yeah there's a wall and somebody just closed a huge long position on mpex. I just sold almost all btc I had that werent tied up in equities. I sat tight through pirateat40 and a few since then. Still long term bullish - just trying my luck at timing this time around...
looks like there's one right now. There's a $1 million wall to get past 75, the equivalent of 100k BTC at $10.
Please vote.
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