who is messing with bitcoin and to what purpose?

[Biodom]

From $250 to $500, back to $300 in a span of a few weeks or even days?
This does not look like market trading at all.
Bitcoin is a $4bil entity. Although relatively small, it is big enough NOT to have such volatility.

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[r0ach]

Yea, the fact that BTC-E is now the market leader with a $15 markup shows severe manipulation.  They don't consider BTC-E a big enough fish to try and manipulate there, mostly just Bitstamp, Bitfenix, and Huobi.

[Morecoin Freeman]

MMM ponzi company fuckers got involved.
And a lot of people are trading on margin.

[rokkyroad]

Too many bitcoins in the hands of too few.

[r0ach]

MMM ponzi company fuckers.

Not even plausible.  The bullshit thing has been open since 2012 accepting Bitcoin.  There is no reason whatsoever it would just suddenly start having a huge effect to raise the price in the last 2 weeks.

[maku]

This is so messed up. Volatility is one thing but recent price changes were even beyond that. It looked like massive organized action of pumping and selling.
Who is doing that? Probably some whales, big companies or bitcoin criminals, who else?

[romjpn]

This is so messed up. Volatility is one thing but recent price changes were even beyond that. It looked like massive organized action of pumping and selling.
Who is doing that? Probably some whales, big companies or bitcoin criminals, who else?

Indeed. It seems that someone is making big money doing that and since Bitcoin exchanges are not regulated, no one will give a shit.
But it's definitely coming from China.

I was selling a bit too high after the peak and the rebound was 10$ too short to fulfill my sell order. Fuck 

[jacee]

From $250 to $500, back to $300 in a span of a few weeks or even days?
This does not look like market trading at all.
Bitcoin is a $4bil entity. Although relatively small, it is big enough NOT to have such volatility.

Greedy people does this. They could've atleast make things slower rather than the fast dumping and pumping of the price. I don't know what is in their mind but a lot of people are affected by their greed.

[Tmdz]

These people are the devil and they don't give 2 shits about the whole revolution of bitcoin only making their accounts richer.  The problem is it is soo temping to get involved when prices go crazy like this but so many people get their wealth stolen by these greedy bastards.

[cptdome1]

From $250 to $500, back to $300 in a span of a few weeks or even days?
This does not look like market trading at all.
Bitcoin is a $4bil entity. Although relatively small, it is big enough NOT to have such volatility.

no one is messing with BTC.  Its just supply and demand!

[Chronikka]

When you stop short term price speculating these minor fluctuations will mean nothing to you.

[Ibian]

Floor established at 300. This is now a major and proven psychological barrier. Sub-300 is unlikely to happen again to any meaningful degree.

These things suck for people who lose money on it, but it is important to test the new limits. Next rally, whenever it happens, will go higher.

[r0ach]

Yea, the fact that BTC-E is now the market leader with a $15 markup shows severe manipulation.  They don't consider BTC-E a big enough fish to try and manipulate there, mostly just Bitstamp, Bitfenix, and Huobi.

Manipulation, you say? In MY unregulated bitcoin market?

Except the markets you trade gold on are regulated and manipulated even more.

[Ibian]

Floor established at 300. This is now a major and proven psychological barrier. Sub-300 is unlikely to happen again to any meaningful degree.

These things suck for people who lose money on it, but it is important to test the new limits. Next rally, whenever it happens, will go higher.

are you kidding? how is it proven? one bounce does not mean much yet.

It held and volume is at rally levels. A sharp dip after a recovery like that is unlikely for a while. If we had dropped to pre-rally levels then it would mean the market is still in bear mode, but we didn't. Bull mode is still on.

[Arcteryx]

From $250 to $500, back to $300 in a span of a few weeks or even days?
This does not look like market trading at all.
Bitcoin is a $4bil entity. Although relatively small, it is big enough NOT to have such volatility.

Greedy people does this. They could've atleast make things slower rather than the fast dumping and pumping of the price. I don't know what is in their mind but a lot of people are affected by their greed.

This is all happening due to greed. I doubt that.. It is a strategic move initialed by whales and the China holders to stop increase cold in it's tracks. It is due to fear.

[Ibian]

Floor established at 300. This is now a major and proven psychological barrier. Sub-300 is unlikely to happen again to any meaningful degree.

These things suck for people who lose money on it, but it is important to test the new limits. Next rally, whenever it happens, will go higher.

are you kidding? how is it proven? one bounce does not mean much yet.

It held and volume is at rally levels. A sharp dip after a recovery like that is unlikely for a while. If we had dropped to pre-rally levels then it would mean the market is still in bear mode, but we didn't. Bull mode is still on.

remember all the happy talk about slaying of the bearwhale (who sold at 300) on a large volume, then a sharp drop to $170 that nobody expected.

What about it?

[Ibian]

From $250 to $500, back to $300 in a span of a few weeks or even days?
This does not look like market trading at all.
Bitcoin is a $4bil entity. Although relatively small, it is big enough NOT to have such volatility.

Greedy people does this. They could've atleast make things slower rather than the fast dumping and pumping of the price. I don't know what is in their mind but a lot of people are affected by their greed.

This is all happening due to greed. I doubt that.. It is a strategic move initialed by whales and the China holders to stop increase cold in it's tracks. It is due to fear.

This is rich people getting richer. They started the rally, then let it move up on its own. When they decided the price was high enough they sold. This makes them money. Then they help push the price down, let it fall as far as they are willing to let it go, then they buy. This makes them bitcoin. Then they wait a bit, see what the market is doing, and in this case they decided it could go lower so they sold. At the bottom they buy again. Easy money if you have enough to get things rolling and time it right.

[DieJohnny]

markets are simply not liquid, far too much capability for a player to have his way.....

Need vastly more volume to mitigate the players out of the equation.

[Ibian]

markets are simply not liquid, far too much capability for a player to have his way.....

Need vastly more volume to mitigate the players out of the equation.

Not happening. It's the percentage of bitcoin owned that matters, and they keep getting more.

[Ibian]

Floor established at 300. This is now a major and proven psychological barrier. Sub-300 is unlikely to happen again to any meaningful degree.

These things suck for people who lose money on it, but it is important to test the new limits. Next rally, whenever it happens, will go higher.

are you kidding? how is it proven? one bounce does not mean much yet.

It held and volume is at rally levels. A sharp dip after a recovery like that is unlikely for a while. If we had dropped to pre-rally levels then it would mean the market is still in bear mode, but we didn't. Bull mode is still on.

remember all the happy talk about slaying of the bearwhale (who sold at 300) on a large volume, then a sharp drop to $170 that nobody expected.

What about it?

just an example that it held then as well at high volume only to collapse some time (not long) later.
In my opinion, bitcoin price is fully unpredictable to the outside observer.

Exactly where are you going with this? I said unlikely, not impossible.