If you've been around the cryptosphere, you've probably heard both camps on whether BTC is manipulated. Many say it's the "weak hands", others blame large institutions, while other's say it's all that MT GOX guy doing another dump? What do you think? Is it manipulated? Please include your reasoning on the matter.
I don't think it is generally manipulated. However, the fact is that the majority of Bitcoin shares are owned by a few people only. These are the whales. So whatever decision these whales do, the market will definitely get affected. This is the effect of the limited circulation of the coin. However, the road that Bitcoin is treading is going to a point in which the total supply of Bitcoin is going to be widely owned by a larger population of the world. At this point, there will be no manipulation anymore.