There is no price discovery...

[revans]

only the manipulation of MtGox

It is obvious that not only are they totally manipulating the price action, they are running ghost trades and faking volume.

[revans]

The price dropped 80% over the course of five days and you're surprised it's bouncing back again?

MtGox ran the price up in the first place.

[meangreen]

The price dropped 80% over the course of five days and you're surprised it's bouncing back again?

MtGox ran the price up in the first place.

+1

[SgtSpike]

The price dropped 80% over the course of five days and you're surprised it's bouncing back again?

MtGox ran the price up in the first place.

Here's a tinfoil hat for ya.   

[Wuji]

only the manipulation of MtGox

It is obvious that not only are they totally manipulating the price action, they are running ghost trades and faking volume.

I don't doubt you as I don't have the answers but, when making accusations evidence of the obviousness would help to validate.  Right now it looks like a series of bull traps on the way down from what I am seeing.

Did the great manipulator really lay dormant for 2 years and now has returned? 

[Kluge]

Yeah. It basically has me looking at Bitcoin (and associated price volatility) as a money volcano. Every day, up $40, down $40. You can't lose!

[meangreen]

They were printing money all the way up to $266. They have no one to answer to and no rules to follow. Its like the wild wild west.

[samson]

If MtGox ran the price up in the first place I'm pretty sure they would have done it in a much more subtle way than a full on parabolic increase followed by a crash.

[meangreen]

If MtGox ran the price up in the first place I'm pretty sure they would have done it in a much more subtle way than a full on parabolic increase followed by a crash.

would you want to wait years for your millions or have it right now?

[YoYa]

[revans]

They will run the price up to 80-85 and then it will collapse again. Like clockwork.

[SgtSpike]

They will run the price up to 80-85 and then it will collapse again. Like clockwork.

Looks like one tinfoil hat wasn't enough - here, better double up!

[Wuji]

They will run the price up to 80-85 and then it will collapse again. Like clockwork.

Looks like one tinfoil hat wasn't enough - here, better double up!

Hell buy some industrial rolls and build a house.  It doesn't matter to me if it is the speculators I assume run it up or a manipulator.  The important thing is profit at this point until the price is stable.

[meangreen]

i am sorry but the blocks of coins and the money we are talking about here cant be a bunch of kids. there is some serious money manipulating the price. plain and simple.

[meangreen]

i am looking at the bid side. there are hundreds of limit buys between $75 and $76. you mean to tell me someone is going to buy 300 coins x 75 on the way down??

[Kluge]

i am sorry but the blocks of coins and the money we are talking about here cant be a bunch of kids. there is some serious money manipulating the price. plain and simple.

It took a lot of coins to equal $1 back in the day when only basement-dwellers had the time to even figure out what the Hell a "Bit-coin" is.

[Wuji]

i am sorry but the blocks of coins and the money we are talking about here cant be a bunch of kids. there is some serious money manipulating the price. plain and simple.

Maybe they are manipulating and setting bull traps but, that is not to be unexpected.  The market cap is low and a group could easily bond together with a few $100 million and move the price.

On the other hand there are plenty of bulls as evidenced on this forum who will buy back in every time the price is PERCEIVED low.  There are also plenty of those same sheep who will panic sell.  This happens with every other investment, why is BTC different?  AAPL had a sell off from $800 down to $400 in no time.  Look at what happened to gold yesterday.  That wasn't some rich genius, it is just speculators speculatin'.  Learn the snafu and profit, this game is easy.

[meangreen]

750 share block just went through.

[meangreen]

1400 shares on ask went through. someone knows something

[Dr3AM$cAp3]

So who's doing it and when will it drop again?

This is the toughest learning experience since puberty.

I know nothing and need to pay attention is what I have learned so far.

Still don't know if it's a good idea to buy right now or not.  I need to use a few coins within a few days but obviously don't want to buy right now if this is a trap.
Seems to me, atm, the price won't fall while people are buying, so I am just chasing it, waiting for a small dip to buy in and finding none.  
Ask wall coming up on the floor @79.98. 222 coins.  Does that count as a wall?
Just how easy is it to manipulate the price at several different exchanges at once?
Right now I am just chasing the price.
Where is my fairy Godmother?
They just blew right through the 'wall' like it was nothing....Holy shite.
Do I buy in now!?
Think I'll just go hyperventilate in a corner somewhere.....