I hear BTC being sold...
Will the current price hold without our good friend wallzila?
hehe .. thats why i'm not buying this all feels too manipulated to me.
This kind of blatant manipulation only encourages me to withdraw more USD from the exchanges.
I'm thinking of this as a kind of attack against crypto currencies.
If someone was hired and funded by a government and asked to do their best to destabilise and potentially collapse Bitcoin and other crypto currencies in general this is exactly how someone could do it and accumulate Bitcoin for future moves while doing so.
Destabilisation to the point where people don't know what's going on or have any idea what to expect will deter serious investors from getting involved.
I'm not saying this is a 'state actor' but it makes sense that this would be one method of attack by a well funded enemy of Bitcoin.
I'm thinking that this kind of large scale manipulation could pave the way for further regulation and open up exchanges to legal problems under different laws to the existing ones which are being applied right now.
I wonder if anyone who knows much about Japanese legislation and how uncontrolled potentially preventable manipulation on this scale would apply to MtGox. I have to wonder if someone's engineering a situation which could open up new avenues of legal action.
on the other hand.. these are big opportunities for other big players to join the game.. since it's so easy to manipulate and make big profits
free market will set itself back on track .. thats what I believe..
there's enough btc out there to eat big manipulators whatever amount they bring.. at some point they need to buy btc to push prices down with a ask wall so.. if you have a lot of btc and want to cash out .. thats an opportunity.
i noticed too that 8k wazillza at some point didnt move price.. ppl where like.. fuck it. .. so they can manipulate of course but there always that line where people are fed up with it.
i'm sure with the last rally up from yesterday and today.. .. if wazilla shows up .. some panic silling wil happen.; and much more as usual since there are bigger volumes involved.. so there's an opportunity to buy in low.
I personaly dont think it's government people behind the manipuation, they could crash the price anyday.. with a few 100 millions.. not that big of an amount i think for even a small country.
happy trading
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Let the bubble deflate completely!
