Poll - Is the market being manipulated?

[MGUK]

It's being manipulated by the press.

Really? Seriously, why do you think so?

Again, depends on who you count as the press. If you count Max Keiser as press, then I think it would be silly to assume he didn't buy any LTC before mentioning it in his twitter feed this morning knocking LTC up 50% against the $.

[crazy_rabbit]

It's being manipulated by the press.

Really? Seriously, why do you think so?

I can't tell if your joking but basically the press says, "Everyone is buying bitcoin" so people out and buy bitcoin and then the press says, "everyone is REALLY buying bitcoin now!" and even more people run out to buy bitcoin. It's all well and lovely except for when it goes south, if only by a couple dollars and they start saying "everyone is selling bitcoin!" and well you know, rinse wash repeat.

[voyagr]

The Chinese totally drive the price up

http://qzprod.files.wordpress.com/2013/11/cny-vs-usd2.png?w=744&h=489

I only see BTC is rising but not an explanation why it is rising...

It's being manipulated by the press.

Really? Seriously, why do you think so?

I can't tell if your joking but basically the press says, "Everyone is buying bitcoin" so people out and buy bitcoin and then the press says, "everyone is REALLY buying bitcoin now!" and even more people run out to buy bitcoin. It's all well and lovely except for when it goes south, if only by a couple dollars and they start saying "everyone is selling bitcoin!" and well you know, rinse wash repeat.

I was serious. This assumption cannot be derived from the charts I posted with the poll

[BitchicksHusband]

All markets are always being manipulated by somebody.  To think otherwise is naivete.

[afbitcoins]

I think bitcoins is the closest thing there is to a free market today. This is because there are no significant bitcoin derivatives yet. In silver for example the price of physical metal is diluted a hundred times by paper derivatives traded in the futures markets and ETFs.  Only manipulation possible in bitcoins is to pump the price up then dump the price down which increases volatility but doesn't supress the price.

[Tzupy]

I believe the Chinese market is manipulated, and the purpose is to exchange massive amounts of CNY to USD via BTC,
and also make a huge profit in the process. Bitstamp could be the most affected, because cashing out of Gox is still a problem.
That could explain why the price on Bitstamp is so much lower than Gox, and it might go even lower.

[im3w1l]

Beware the return of.........


The Manipulator

Muhahahahahhahahhahaha!

How I miss the manipulator threads! Nostalgia 

[jjtech]

It is not about caring but trading informed. Would you buy your btc @500, if you estimate there are good chances it will drop to 200. Just use your imagination and think of all the profit making possibilities, if we only knew

I fail to understand what you just said. Btw - btc is just $600 so if you have bought for 500 you would have made 20% profit. Sure it could have fallen down to 200, or to 0 for that matter. Or grown up to 1000. I don't really understand what is supposed to be the basis for BTC evaluation.

[voyagr]

It is not about caring but trading informed. Would you buy your btc @500, if you estimate there are good chances it will drop to 200. Just use your imagination and think of all the profit making possibilities, if we only knew

I fail to understand what you just said. Btw - btc is just $600 so if you have bought for 500 you would have made 20% profit. Sure it could have fallen down to 200, or to 0 for that matter. Or grown up to 1000. I don't really understand what is supposed to be the basis for BTC evaluation.

That was just an example to make clear the better informed you are, the better decisions you can make.

A healthy basis atm would be 250 but hey...who am I to tell? So, read the forums and make your decision. The stand here is 49 yes to 23 no

[NUFCrichard]

Maybe china are just trying to buy out bitcoin to use as a sovereign currency!

[voyagr]

Maybe china are just trying to buy out bitcoin to use as a sovereign currency!

they can use btc's technology with some tweaks which would be easier, as BTC's nature does not allow centralization atm

[Tzupy]

When this will crash, it's possible that the Chinese communist party to decide to ban bitcoin use in China,
if they find out the bubble was a 'conspiracy', that could be very bad for bitcoin.

[adamstgBit]

the market isnt being manipulated, you are.

[adamstgBit]

When this will crash, it's possible that the Chinese communist party to decide to ban bitcoin use in China,
if they find out the bubble was a 'conspiracy', that could be very bad for bitcoin.

this is wrong

China is known for crazy volatile markets, they are use to this kind of thing.

[voyagr]

the market isnt being manipulated, you are.

well if it makes you happy and if this is your best argument. I will not let you down, yes I am  .

[jjtech]

A healthy basis atm would be 250 but hey...

What is "healthy basis atm"? And why would that be 250? Also - 250 of what?

[voyagr]

is someone else experiencing problems reaching bitstamp? It just keeps loading forever or a page of incapsula something appears?