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RE: 1/19/2017 The Market View and Trading Outlook
I've been away for a touch, but man these posts have gotten incredible! So much detail!
For those new to the game, was the $11M buy a deliberate move to prop up the market? Wouldn't a big player normally step into the market in chunks so as to not affect the price? Or would the player be so big that $11M is nothing to them?
Likely tossing a penny in the bucket to see what it did and how it would affect price then slowly sell out on the minnow run that followed if they did not like what they saw. It was a deliberate move and an odd one as price was heading down and the BTC could of been bought cheaper, but that may of really shaken faith and hurt the long term prospect if it was allowed to slide that far again. I again being conspiracy minded see us being steered in different directions all the time.. Again I may be totally wrong.. I just try to keep an open mind as to all the possibilities on the horizon.