Quote from: anavuajna on April 03, 2017, 11:14:19 AM

Quote from: bitkilo on April 03, 2017, 01:29:51 AM

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Quote from: bitkilo on April 02, 2017, 12:29:02 PM

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Quote from: alien-fx2 on March 31, 2017, 07:36:27 AM

I think any market can be manipulated as long as you have the resources for it. The good thing about Bitcoin is that for years, when inflation was very high, the price was really low, and this allowed the currency to reach a larger distribution, making it difficult for the currency to be in the hands of a few, and thus making manipulation very difficult.

but i think with the passage of time it becoming more and moe difficult to manipulate the price of bitcoin. because bitcoin is becoming more famous and more and more people are accepting bitcoin as currency.

I don't think that bitcoin becoming more well known or just having more people accepting it as a currency would have anything to do with making it harder to manipulate the bitcoin price.

There are still plenty of whales out there that can manipulate the price in the way that suits them.

Yes, now there are still people who keep a large number of bitcoins. They also influence the price of bitcoin. But I really want bitcoin to become free of this influence

Bitcoin will never become free from the people that use it because that is one of the main reasons we are all using it, there is no overall authority telling us what we can and can't do with our bitcoins.
It would be good if the rich couldn't manipulate the price but that just the way it is with a free market.

Can the price of bitcoin be so high due to large whales? We can not know this. Maybe we should thank the holders for saving bitcoin from sharp jumps down

To answer your question, Yes the price can be so high because of the big whales. Big whales means very rich people who are in the market and they more often planning to play the market and most of the times they are the winners because they have got the power which is we all known as money. If big whales will continue to do panic buying and then the price of bitcoin will goes very high.