I'm shocked the Speculation forum is full of people speculating. Go figure.

Bear? Is that you? Stop it!

So it's completely useless? Keep us updated then!

Ehhh... Sorta.

How the fuck do you go from -5% to 30% in two days? Because the price went up? Why not just link to the current MtGox USD value of Bitcoin.

No shit it's +30%, BTC is skyrocketing. That +30% would have been more useful before the rally, like when you were posting -5%.

Bears getting owned.

And a great spot to buy back in!

Yeah anyone someone coin dumps driving the price down, that's a great time to buy back in. Which is why this rally recovers so quickly. There's no panic sellers left, just day traders looking to get back in. 

Someone clearly is trying to stabilize the price and limit the volatility. Last night someone drops 11k coins (96 down to 87) and puts up 4k ask wall at 88. Clearly trying to push the price down and keep it down. That was all within 20 seconds.

Today we break through the 100 wall, another massive coin dump and more ask walls at 100 to deter the bid wall. That's not someone trying to make money or get the most value for their coins. That's someone trying to manipulate the market and keep it under 100.

Why would you dump 6k coins into a rally then put up a 4k ask wall at $100? You're trying to push the price down and keep it down.

Someone with a lot of coins really doesn't want it over $100.

Gotta love that $100 bid wall. Here's what it looks like in my head.

As soon as someone started buying, people started pulling the 98 ask wall back. They're regrouped at 99. But the battle is going to be at 100.

As we speak 100-102 is being reinforced, they pretty much know what is coming. Too much buying pressure building up.

Volitilty is great for making money. Buying at 94 95 and selling at 96 is getting boring. 

I don't understand why someone would want to keep the price down. There's clearly someone or a group of people keeping it below $100. They slammed 4-5k coins into the rally yesterday that reached 98.5 pushing it down to 93-94. Then put up 25k worth of asks from 94-100. Those weren't old sells, half of them were from 94-98.5 that was just eaten. We know those were real because 5-6 hours later half the wall disappeared and someone dumped 11k of coins in 15 seconds into the bid wall trying to push it back. They put up ask walls trying to keep it down at 87.

That failed but they're still heavily protecting 95-100. I just don't really see why.

1) It's greatly decreasing volatility.
2) It's stabilizing the price
3) The longer it stays here the more people will actually believe this is a legitimate value for bitcoins (I'm not saying it is or isnt) Which does make it easier to rally it up (above $100) and rally it back up when it goes lower (then $90). Hard to believe someone is investing 2-3-4M to cement the physiological value of BTC.

Very little of that has to do with greed or making money at least short term. If they were greedy or wanted to make money they would have let the rally run to 110-120-130 then slammed the coins into it then and made a lot more money. It was clearly a goal to keep it under $100.

Can it really be some white knight of Bitcoin trying to stabilize the markets? The only big player who has the coins, has the money, who cares about the long term health of Bitcoin and the market, is MtGox.

Clearly someone is manipulating the market. And their goal isn't making money, at least in the short term. I just can't really figure the why or who part out. =)

Lots of people with a lot of money wanting to buy in. Looking at the last week, the buying pressure today, they're reasonable entry points.

Yup. Of the wall from 91-94, half got eaten, half got pulled.