Quote from: GideonGono on January 04, 2020, 04:00:22 PM

Quote from: alexey14 on January 03, 2020, 09:14:41 PM

Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.

When they manipulated it on lowest price then it will be sure that some veteran for crypto consuming and manipulating it so they can also be the part of top holders. Then the bitcoin would be pump by the price. That's why it would never be shit coin when there are demand from this world.

They could manipulate bitcoin but they'll do it on process because they can also lose bitcoin when they do wrong.

I agree. We can say that the market begins to synergize between large and small players, creating a single mechanism in which the price depends on each participant. In such a run, only inexperienced and stressful traders lose