The price and news seem never correlated. We were poured with all the positive technology news, yet cc price dropped. And sometime there is no news yet price doubles. Nobody knows what will happen in the near future. When are we getting a distributed exchange network that could facilitate all financial transactions, making them less expensive and more efficient? I'm starting to wonder if prices are manipulated? If whales dumped BTC, they must have done so to buy back at lower price, am I right? If thats the case they plan to sell at much higher price in order to make profit, bull will run, right?
No, the price is not being determined by the whales but by everyone that is part of the community. The problem is that we are mostly not aware of that, but the whales knows, so that makes smart. Thats why they will always try to get people to dump their coins and by doing so they are causing the price of the market to plummet and creating chances for them to buy the majority of the coins that were dumped at a cheaper price. This will lead to an increase in the market price. So we all play a part in determining the price.