“Illiquid markets, such as Bitcoin are easy prey to manipulation. The principle is to draw attention by buying a pretty big quantity (compared to the daily number being bought and sold) and once this attention is drawn, more and more people will start buying trying to jump on the bandwagon and trying not to miss the train.” “What we should need and hope for is a slow movement up, of about say 1-2% each week” - urwhatyouknow in 2012