Quote from: DoublerHunter on December 28, 2021, 10:02:14 PM

Quote from: Akash1243 on December 28, 2021, 09:08:36 PM

Bitcoin is decentralized which means no one person or company can control it.Yes, bitcoin can be manipulated by directly or indirectly for example positive or negative news can trigger panic sell or pump, whales also affect bitcoins price like any other investment options.Every investment options can be manipulated. Bitcoin is just too volatile to predict where prices would go.

^ Definitely right, as the as other investments when it comes to the market price BTC is also can be manipulated when it comes to the price but if someone who will ask who controlled BTC, there is no single entity who is controlling BTC or even a company behind the BTC because BTC is decentralized and controlled on it. Some reason why whale takes such actions, making fake news that makes traders becomes FUD and FOMO in order to that new investors will be afraid and sell their holding coins that become too lowes the price.

You are right and this is the beauty of the BTC market, many seek support, just as they do in the Stock Market, but the support of BTC I think is its Blockchain technology, its support is in the Law of Supply and Demand, the whales of BTC, the fact that it is not controlled by anyone is what makes this unique and as if this economy did not belong to this world, it is an alternate economy where debt ends and inflation does not exist, I think who want to move the BTC market is because you have a good amount of money, and one of these things is "emotions" emotions move the market as they want, they are affected by fundamentals and different news that have a global impact, sometimes even by certain people who tend to be influential in the world.