Quote from: Abiky on Today at 05:32:07 PM

Quote from: Richycryp on December 27, 2021, 01:23:42 PM

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

If that you've said it was fully controlled by whales then it wasn't decentralized anymore. But I guess, not. I tend to agree that whales' participation has a huge influence on the market price, the most common reason for its fluctuation but this never meant they are in the fullest control of the market. They can do things like manipulation as they are incapable of doing it and I understand that, and it is sad to say that we are not at the level where the market is 100% decentralized now, not anymore. And besides, when talking about anonymity, we are also breaching it closely as major crypto exchanges are into the ask of it.