I don't foresee a situation where I'll be panic buying anytime soon.
It makes me uneasy knowing that there is someone who pulled this (
https://bt.irlbtc.com/view/231934.0) off, and not understanding his motives which are behind the situation we are experiencing now makes buying quite scary
There are manipulators on both sides. You should be just as scared to sell, if their unknown purposes scare you.
It's just this seems like a major fuckup.
One of things I can think of:
1. Push price to exactly 110, not a dollar more
2. Put a 4k+ wall
3. Hope that once people see 110 they will start panic buying
4. People bite into the wall and the guy ends up with over 4k+ of coins that he bought at 110
5. The guy sees that people do not trust price of 110+ so now he is looking to exit his position and try again later.
Its just a hypotheis, I am quite inexperienced in trading or in methods of market manipulation so if someone can think of a better explaination of what could be the motivation then please do share it.
