I think the theory of CaVirtex trying to make a quick buck shorting BTC was quite interesting. In theory they used customer funds to short BTC and subsequently created the Bearwhale wall in order to keep the price down (now panicking), now we're about 10% over that level, they lost.
But this is merely speculation, a wild theory I read somewhere
There's no doubt that huge wall was actually a giant short interest being built up at $300... Probably the same people building that massive short position everytime we hit $340. 10% is nothing to these whales, especially when it was with customers funds loll no worries!!
Lmfao why are you in denial... Mt gox was always 100-180$ above the other exchanges because it was "purchasing" bitcoin from many different addresses who all purchased approx. $2.5m in all purchases. Blatant manipulation, look it up man. Downtrends follow all bubbles yes, but notice nobody says a bubble follows a downtrend, because its RARE
Since summer 2013 almost everyone realized that Gox is playing with non-existing coins and only idiots continued trading with them.. Just to lose everything.
I'm not sure if we have bubble soon, but now chances to stay above $300 are much higher than before. Even if we don't have a bubble this or the next year, price may at least keep its level with slight grow due to natural adoption.
Very true, it was obvious but a lot of people were in denial & by the time they found out they couldn't even withdrawal anyway! & yea looks like we'll be stuck in this 300 range for a while
