First, everyone whines that bitcoin is volatile. And now that it's stable, everyone whines that they can no longer make money off the volatility.
But its not stable.
Its fake manipulated stable and when enough Bid orders build up, Fkn Whack! Some whale drops a shit ton of coin right on the Bid wall triggering about 800 suckers' bids within 20 seconds, then the price dips and bounces back on low volume, and is artificially upheld to allow for conditions to build up for next mammoth cash out.
We are in a cash-out phase just now and I wouldn't be surprised to see yet more surprising 'strength' at this slightly lower but almost equally narrow trading range as yesterday, only for a Bid wall to be triggered by some bot dumping 800+ coins on the market in a big dirty manipulating rat oner.
I constantly have my eyes on the Ask depth standing in front of my Stop Loss buy order, and it is piling up incessantly as the Ask's accumulate around the spot, yet Bitcoin remains 'stable'.
Bullshit....totall fkn sham the whole lot of it.
Well. As of now, Gox and Huobi have completely decoupled from Stamp.There is a clear pattern of Coinbase / whale / mysterious dark force keeping the price stable on stamp. Betting on the horse, feeding it with love. The goal may be artificial support towards cash out, the goal may just as well be artificial support for bitcoin's image towards an investor group, the goal may be to slowly accumulate all these coins that are being cashed out. Who knows. Does it matter? Facts are facts. The price is being supported. No point hyperventilating. Choose your theory as to why, and place your bets accordingly.
I see actually a great deal of logic in a careful accumulation of all coins being cashed out through stamp whilst the other exchanges breathe their last. Especiallly if a stable price is maintained, with all the outward cred that broadcasts to whatever investors / public image one is trying to keep corralled.