Guys, you should not buy in such a hurry

[dinzy]

Yes. He used to to be an investment consultant.

I think he is concerned that the market is very easy to manipulate with less than $300Million in value.

surely it will be more volatile due to the scarcity of btc's and the immaturity of the currency.

but w/o the derivatives (puts, calls, short selling)  i don't see how it can be manipulated effectively. 

With a lot of funds on each side it can be manipulated very easily.  You just need to buy a lot or sell a lot to create big movements.  These movements often catch on with smaller players jumping in on the trend and the market will move. 

Earlier last week there were large orders on each side that appeared and disappeared indicating the likely presence of a single "entity" with large funds ( 50- 100K usd in both dollars and BTC). 

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[MoonShadow]

Yes. He used to to be an investment consultant.

I think he is concerned that the market is very easy to manipulate with less than $300Million in value.

He is likely correct.  Bitcoin is very high risk, but with a very high potential gain.  And it will continue to be this way for some time.  However, increases in the size of the Bitcoin economy will dampen this issue eventually; but by then it can be assumed that the price of a bitcoin will reflect that.  Listen to your father, proceed with caution.  Do not invest anything into something that you don't understand.

[cypherdoc]

Yes. He used to to be an investment consultant.

I think he is concerned that the market is very easy to manipulate with less than $300Million in value.

surely it will be more volatile due to the scarcity of btc's and the immaturity of the currency.

but w/o the derivatives (puts, calls, short selling)  i don't see how it can be manipulated effectively.  

With a lot of funds on each side it can be manipulated very easily.  You just need to buy a lot or sell a lot to create big movements.  These movements often catch on with smaller players jumping in on the trend and the market will move.  

Earlier last week there were large orders on each side that appeared and disappeared indicating the likely presence of a single "entity" with large funds ( 50- 100K usd in both dollars and BTC).  

your implication is that this large player can manipulate a market like this continually to his own benefit or in the direction he/she wants.  i don't believe thats the case at least in terms of making money.  perhaps he could start a short term trend but over the long term the market as a whole will determine price.

[StewartJ]

I base my trades on daily and weekly trends versus hour to hour.

For all of you who play the exchange hour by hour, minute by minute...I do not see the point.

S.