Post
Topic
Board Bitcoin Discussion
Re: Who is really controlling the Bitcoin market.
by
Abiky
on 03/01/2022, 17:32:07 UTC
People always say that they are are waiting for the price of Bitcoin go down before they go into the market for trading and at the same time nobody can predict the market.
Now is the market been manipulated? Or it all depends on the numbers of investors who invested.
There is something we need to understand about Bitcoin.
The more the demand of Bitcoin the more the increase take place.Can anyone predict the market?
Because people are waiting for the decrease in price and are they predicting the market or not?
I don't think have a better understandingn on how Bitcoins

I believe the market is controlled by whales, as they're the ones who can do almost anything with their large stake of coins. With Bitcoin, centralized exchanges can easily manipulate the price as they control a large portion of its supply. The situation is even worse with Proof-of-stake altcoins, as not only the price can be manipulated by whales, by also the underlying blockchain network. It's all about money these days, so those with the most amount of money will be able to move the market in their favor. Consider how Dogecoin went to the moon because of Elon Musk's shilling across social media platforms. The same happens with Bitcoin and any other cryptocurrency on the market.

It's not a matter of who's controlling the market, but rather how decentralized Bitcoin is. As long as Bitcoin remains decentralized and censorship-resistant, nothing else matters. Just my thoughts Grin