Bitcoin’s apparent stability

Bitcoin’s apparent stability is, well, unstabilizing.

There is no way that bitcoin could go from the wild volatility of months past to this, this barely blipping beat of this bubble. Someone, or some group, has taken it upon themselves to stabilize the price of BTC. Sell it hard when it gets above the 30 day MA and buy it harder when it drops below the 30 day MA (plus or minus half a standard deviation).

Winklevoss, Andressen, and the rest are afraid for their investment. The KNOW they have to artificially inject stability into BTC or the world will dismiss it out of hand. So, they’ve systematically agreed to work the price such that it floats at ~$950 for months if need be. Expect that this artificial flatness to the volatility of BTC to continue for many more months.

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