Post
Topic
Board Speculation
Re: Is Bitcoin Too easy to manipulate?
by
LimLims
on 29/03/2019, 16:53:15 UTC
Bitcoin has a market cap of 70 billion. This is very low when compared with the stock market or the gold market. There are many groups that can buy the total number of Bitcoin in circulation with a price of $4000. They can easily manipulate the market both sides up or down. Bitcoin 70% supply is stored in a very less number of wallets say 5%. Don't you think Bitcoin can easily manipulate and below $1000 is still possible?
 

Not only Bitcoins, but also all the cryptos can manipulate if we take and consider everything seriously.
First of all you need to make sure that Bitcoin is a stable coin,  that means it fluctuates in the price very less.
So there are less chances of going ups and downs.
Moreover it will be beneficial if we invest in bitcoin then it will be profitable.
Bitcoin is a stable coin and it is guaranteed to make profit with it.