If people manipulate as you suggest, just play along. Either:
1) Hold for long term, or
2) Short bitcoin during a panic sell session
Never ever panic sell.
Its really not that difficult. But people are controlled by fear. That's why professional traders eat them for breakfast.
Well, I have 2
BTC. I am working on a regional developement and charity project. Non profit. But some aspects of this project are not cheap and I hope that bitcoin will rise in value and I will be able to finance the project with it. But will not hold it for long. I expect that the price of
BTC might rise as soon as February comes and USA has problems with it's debt and government - ''The dollar crash apocallypse'' chapter XI. If the market is right - I will sell. Maybe the big players are aiming at similar events as well?
But do these big players possess a threat to the independancy of bitcoin? It's decentralization and function?
I am curious about bitcoin and am considering to start another project that would help the bitcoin grow. But I am not sure if I believe in the idea as much as I did a few months ago.
Well since we started this discussion, its already been debunked that Fidelity would be pumping hundreds of millions of dollars into bitcoin, so we don't have to worry about Wall St for a while yet.
I don't see how Wall St getting involved could jeopardise the the independence, decentralization, or function of bitcoin. Let them join the party. More the merrier.