Post
Topic
Board Bitcoin Discussion
Re: Who is really controlling the Bitcoin market.
by
KaliLinux
on 22/01/2022, 07:30:12 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

Yeah, people predict the market but to me, it is more like hoping that the market will go down to buy more and go up after that mostly because of what they must have seen via TAs but TAs ain't always the ultimate determinant of market movement even though on a normal situation they are good indicators. As we have seen these past days when most were thinking the market is about to have an upward rally and boom Bitcoin is affected by the Wall street dump of stocks because of fear of what might be the outcome of the FOMC meeting in the coming days. But true, I believe that there are times when the whales kinda manipulate the market for their own gains, and this can't be ruled out.