Quote from: watermark on May 11, 2017, 04:57:10 PM

Quote from: Bitcoinsummoner on May 11, 2017, 06:00:41 AM

I couldn't imagine the price will touch at $1,800 plus I was wrong with my speculation past few days .. that the price can be stay at $1,700.
Do you think guys the price of bitcoin today is overvalued?
Or this is just because the price was rise because of the good news about legalized bitcoin in japan country?

Is it possible that whales are pumping the price right now to keep it high and they will sell at some point?

Whales will always be there to pump the price. But if you are saying that they are manipulating it and selling it at later time to profit is highly unlikely. Again this is not 2013, this is not a bubble. This are legit investors coming from Japan market. Trading volumes also indicate that Japan is leading the way. If whales want to sell, then they can do it with minimal impact to the price. Because we have a country now that is supporting the bitcoin ecosystem. And even if whale sells, new investor will be showing up because bitcoin price has been more stable and trusted. Australia, China, India, Switzerland are also showing good interest to legalized bitcoin as well. So no, manipulation of price of bitcoin now is very difficult specially for the whales.