Bitcoin Price Goes Parabolic, But Why?
http://bullbearanalytics.com/2015/11/06/bitcoin-price-goes-parabolic/
http://bullbearanalytics.com/2015/11/06/bitcoin-price-goes-parabolic/
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Lastly, Gavin and Mike are back at it once again using scare tactics and fear mongering as a last gasp for the survival of their ill-fated BitcoinXT project. Ignore this noise, they are acting like spoiled children that didn’t get their way. Too bad, kids, you have already lost.
Huh? The guy sets out to list possible explanations for the price going up to $500. The third one being "Mike and Gavin are back at it once again using scare tactics and fear mongering"?
Was that paragraph a paid signature perhaps?
He also dismisses MMM as a significant cause of the rally because
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thoughout the rally the market was still trading very technically. Institutions are the ones that know how to move price in a coordinated way across multiple exchanges. A Russian ponzi scammer, no matter how good he is at his craft, can’t.
He didn't quite get it... It is not Sergei who buys the bitcoins, but the victims -- wherever they are, in any whatever market they can get. And there have been reports that the ponzi (and some copycats) was quite popular in China, so it is not strange that the Chinese exchanges were leading.
Not to mention that Sergei's previous ponzis moved more money than all that has been invested in bitcoin over the last six years. And that there is no evidence that "institutions" have ever tried to "move [bitcoin's] price in a coordinated way across multiple exchanges".
mmm victims are russian peasants (no offense people), not even capable of running microsoft word afaik.
so going through all the pain of registering on an exchange, kyc and shit, you gotta be kidding me..
as i already say, my 2 cents on the parabolic pump would be the fbi auction.
simple, and yes, these people have the means to manipulate whatthefuckever they want.
edit: just look at the chart, the pump is very well calibrated, almost perfection. only 'professionals' are the ones capable of such things.