How do you test if a rumour is true?
sell 1k coins. hits a bottom? the insiders are buying - then proceed to buy all the coins you can get your hands on.
sell 1k coins. hits a bottom? the insiders are buying - then proceed to buy all the coins you can get your hands on.
not seeing the rumor hitting reddit, yet. However I assume once that happens all the chikun will show there colors.
The recent action does strengthen arguments that many of the Chinese maybe holding bitcoin for its speculative value. If the speculators outside of China expect a dump I would assume liquidity would appear to dry up as the market wants the cheapest price possible to soak up the fiat held for trading. I assume the orders become trigger limits with the bots and other people just responding to TA. This is somewhat supported by wave in to the 520s, buying up at what they consider close enough to a bottom. If whales or market makers feel there aren't enough coins being sacrificed by weaker hands the pump probably resumes as it would make them money offloading on the way up and again waiting for something they can manipulate the speculators to move with the market on and then the sheeple into selling on fear.




