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Title: True depth of Bitfinex Post by: RandomPedestrianN9 on May 17, 2014, 10:56:50 AM I took this some time ago. The green and red lines on ask and bid chart reorganized themselves for a few seconds before returning back to "normal". Are you guys sure BTC is not 90% manipulated and artificially kept high for miners to make profit? I mean, there used to be many BTCs being traded every day, at the end of each cycle, hardly fraction of this. Clearly, many average Joes lost interest in BTC and the rest is waiting for lower price.
Notice "real" walls in this screenshot are 300-350, this is where the price should fall according to previous patterns... http://oi60.tinypic.com/2iuqp2a.jpg Title: Re: True depth of Bitfinex Post by: TERA on May 17, 2014, 10:59:53 AM the small lines are just bitfinex and the large lines are bitfinex + bitstamp.
Title: Re: True depth of Bitfinex Post by: r34tr783tr78 on May 17, 2014, 03:11:36 PM I doubt any serious manipulation can endure in any market. It's just too costly to pump the price just to see it going down again soon. The manipulator just ends up with some more thousand bitcoins bought at a higher price.
We see that at Huobi frequently, but the price just ends up down again. Think about the move to 547 (Bitstamp) on 16 April. Of course, if a big whale really believes the technical situation is favourable he can really push the price up and make it gain momentum, but that isn't manipulation. Others pick up the move. |
