You're right, and I'm sorry
But this is just
ridiculousIs it...really?
There's something more to these price swings...and no, it's not just "bearwhales" dumping coins.
Within the next 45 days there will be another pump, followed by decline. These markets are being manipulated. By whom and to what extent remains to be seen, but they most definitely are.
I am speculating here...this is the Speculation forum, right?
Of course it's manipulated. We've all known that for a few years. But I don't think it's the exchanges... At least not how you would think. In China they cheat the volume by buying/selling to themselves with feeless trading. BFX may actually have something mildly nefarious going on, but I can't put my finger on it yet. Bitstamp and btce look to be just doing their thing. Bitstamp didn't move at first while china was dumping. Bitstamp didn't care. China eventually came back to meet Bitstamp in price. No one goes anywhere without bitstamps say so. They don't lead in most cases, but they do allow or deny the move before it gets out of control.
I said it in my first post, they would be better off trading with the trend and making real money than to stir up some volatility for pennies. They have access to every order on their book. They can cross reference that with profitability of traders and either play with or against them depending on the set up
