Quote:
Originally Posted by - Jesus Christ -
If you know a market has low liquidity and you know gox has SHITTY infrastructure you act accordingly. If you dont know... someone smarter than you gets your coins cheap.
No one is being "manipulated". It's called a free market.
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All markets are manipulated to some degree.
With such low volume it's easy for mainstream investors to buy a few millions worth every day, watch the price rise, dump it all at once, buy it back, etc.
Doesn't mean it won't keep going much higher, or that current price doesn't reflect intrinsic value.