Someone has figured out that bitcoin can be pumped indirectly by pumping several alts simultaneously. We will probably see this several times while China is down, and until a new exchange arises with no fees and no ID verification. India is no go. Probably somewhere in Latin American.
Hmmm. speculation based of speculation based of your speculation... bitcoin sounds about rite.Umad that the history of bitcoin is the same as a typical scammy penny stock and the current altcoin scene? Only difference is regulators usually shut down penny stocks before they explode like bitcoin, which is primarily the result of shady exchange activity that is outside of regulatory reach (for now).



ps. if you don't believe bitcoin's history is identical to the current situation w altcoins, review posts in the speculation section of this forum from several years ago. Countless reports of manipulative trading and tips on how to avoid walls, etc.



China restricts fiat deposits. Price on BTCChina crashes slightly, but recovers and nearly hits previous high. Then BTCChina starts requiring ID verification. Price crashes dramatically over 60%. BTCChina dies and its volume moves to BTCe and Houbi.
^ Yup, pure coincidence.
Volume migrated from Gox and Stamp as they began enforcing ID verification. Gee... i wonder what's going on.