heartastack
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October 09, 2014, 01:52:01 PM

Hmm, so nobody was buying when it was plummeting, suddenly a 30k wall appears, and this heavy buying pressure starts up out of nowhere and 30k coins are market bought within hours.

Of course, there's no way the dude bought a bunch of his own wall to spark a rally. I mean, come on, everyone knows only downward movement is manipulation, and all sellers are stupid and put up 30k walls when they actually want to sell as opposed to having a desire to manipulate the price.

TO DA MOON!

If speculators had their way I'm sure BTC would go to 10k +. Just look at the Rhodium chart. One rumour that the supply was unsustainable and you see one of history's biggest bubbles.

We''re just too early in BTC's history - too many people own too many BTC. Every bubble will be squashed until we get a good distribution. Until then I expect there to be epic rallies followed by equally epic dumps. But like the last one, the market is still too thin to support the epic dumps.
This will be less and less exaggerated until uber-dumps are rare.