At least you people are finally able to see the market manipulation that I have been speaking about for so long, and that nobody has belived me. I spoke about him pulling out when the price dropped to $5 dollars.https://bitcointalk.org/index.php?topic=36232.0
Well is it not obvious more than ever that he is not back in the game?
The funny thing is he is not buying bitcoins to drive the price higher, which would be easy to do considering the low volume of asks. So it seems that he has a big investment already and is trying to make the demand look higher to force the price higher. This is all manipulation. I am not saying you can not profit from this or not, I am really not sure anymore. But if it was not for this manipulation, which must be done by one or few people, the price would have really been forced down.
I am not really sure the intentions of this person. I am sure that it is no coincidence that he is doing this right before the bitcoin conference. He is betting on the price to go higher after this.
However, I do not think this manipulation can really move the market much higher and continue to afford to pay all the miners for the bitcoins in the long term.
It would be nice if any one has thoughts on this manipulation and where it is going.