What if it's just one guy...?

[willope]

I had this terrible idea. What if all of this sudden price rally is the work of just one (1) guy? It could be one of the first early adopters with -to say something- 1 million bitcoins? It's far enought, knowing what willybot did it the last time buying "just" 600 000 btc.
Or if it's a very, VERY rich investor? There are a lot of people with more money then the whole btc market cap.
Or the two main cinese exchenges, huobi and okcoin trolling the market with another bot? If you look at it on bitcoinwisdom, their volume and price is almost a copy-paste, when all the rest of the exchanges are far behind them.

[pungopete468]

It's irrelevant, unregulated markets are controlled by "animal spirits". Markets are reactionary, not precautionary...

If it were started by a single investor, it certainly wasn't sustained by a single investor. Bitcoin has been brewing a psychological "perfect storm" within the market since the suppression of the bull rally in 2013... Yes, suppression is correct.

[rocks]

If one investor pushed it up like this, then Bitcoin will settle much higher after many many investors buy.

[Triple]

Possible but highly unlikely. I think this rise is natural and even if it is one guy, more BTC will be in the market which will cause future investors to be more inclinedto be a part of this market.

[spazzdla]

If one investor pushed it up like this, then Bitcoin will settle much higher in the after after many many investors buy.

Group of uber rich hear about BTC at $600 in Nov.

Group sees it hit $1200, Group wants BTC, group is very smart and knows it's going down.

Group crashes BTC to sub $200,
Group sends a year collecting a mass of BTC at $200
Group stops holding the price at $200

you are here.



POssible, who knows what's going on.

[CoinCidental]

One guy would need to have more coins available than had already been sold this week to profit from a move like that

How is he going to buy his coins back?  If he dumps a million btc they will get swallowed up by the market and he has no chance to buy back in

[r0ach]

What if CERN created a blackhole and it pulled in a bunch of bitcoins reducing the money supply in half and causing the price to skyrocket???

[ajareselde]

If your theory is a correct one, that would mean that whoever pumped the price already gathered enough coins for this pump period, and that all that remains now
is to push price even more to the sky. However, i doubt this to be true for the most part of it, information about such accounts on exchanges would leak out in the
public sooner or later, and it's not an easy task to split such amount to small parts on various accounts/ID's.

[r0ach]

They need to lock 1 and 2 star account posters in a noob zone and make them post to each other for a while since 99% of them are just FUD spam disguised as rhetorical questions.  Of course one guy can move markets, have you ever heard of George Soros?  There's plenty of billionaires who can double the price of Bitcoin overnight if they want to.  It's actually surprising that it HASN'T happened in Bitcoin yet.  Whether it's one guy or a billion doesn't matter, it's the market, only money matters.

[CoinCidental]

They need to lock 1 and 2 star account posters in a noob zone and make them post to each other for a while since 99% of them are just FUD spam disguised as rhetorical questions.  Of course one guy can move markets, have you ever heard of George Soros?  There's plenty of billionaires who can double the price of Bitcoin overnight if they want to.  It's actually surprising that it HASN'T happened in Bitcoin yet.  Whether it's one guy or a billion doesn't matter, it's the market, only money matters.

but what would he gain by dumping all his coins ?
if hes already a billlionaire he could easily afford to buy + hodl
without risking now and sell high later