price moved!
their can be no other explanation then manipulation!
Did you watch the video at all?
I did, and although there is a large dump and price movement I wouldn't personally consider it enough to be counted as manipulation. It's just a large dump.
From the Viedo:- "big sell-down + supporting fake asks-walls to prevent price going up again"
Price at dump: $127
Price at end of video: $121
Lowest price in video: $117
Doesn't even lose 10% of price over 11 hours and comes back to within $6 by the end. I'd hardly say that was a successful manipulation to prevent the price rising again, although on the longer time chart the price is driven down, that however can no way be directly attributed to the dumper as proven because price is rising back up after his dump. Also, I have an issue with fake asks-walls. I believe he's referring to the 0 volume asks. How can these be counted in the order book if the volume you require is 0, you can't ask to buy/sell nothing at (x) price?
http://bitcoinity.org/markets/mtgox/USDJune the 2nd is where his video is from.
Look at June the 9th, wipes 20%(roughly) of the value then rises back to the pre dump level within 24hrs. Is this considered manipulation?
I'm sorry chaps but IMHO this is normal market play, only difference is in the Bitcoin market, there is a lot less volume and a lot less players and thus an increase in volatility and ability to move the market. Your telling me that if a large hedge fund/bank dumped a HUGE volume of a financial instrument, relative to market size, that this wouldn't happen on that market? It's how the markets work and its how the big boys make there money. Well, that and insider trading
