The market cap of Bitcoin is too large now, and we have passed that level of talking about manipulators. If it is an altcoin that is still starting up, you can talk about possibilities of the price likely to be manipulated, but that is no longer for Bitcoin.
Manipulating Bitcoin is near impossible, the market is now solely based on the level of supply and demand. So, we should be talking about how much of a demand we’re having this year, if there’s going to be much demand, then the market would definitely be going up, and if the demand would be less, then it is going to be downtrend. Another thing is that events that we would trigger such things to happen.
And if you check most of these price manipulators or should I say pump and dump groups, they are now focusing mainly on alternative cryptocurrencies. Because they know it is not going to work out if they should try it on Bitcoin.
Manipulating Bitcoin is near impossible, the market is now solely based on the level of supply and demand. So, we should be talking about how much of a demand we’re having this year, if there’s going to be much demand, then the market would definitely be going up, and if the demand would be less, then it is going to be downtrend. Another thing is that events that we would trigger such things to happen.
And if you check most of these price manipulators or should I say pump and dump groups, they are now focusing mainly on alternative cryptocurrencies. Because they know it is not going to work out if they should try it on Bitcoin.
Bitcoin's price may be driven by price and demand, but the market is still controlled by big exchanges and whales. Only proper regulations will put an end to this for good. I'd suggest you take advantage of this situation in order to make as much profits as possible. With heavy manipulation by exchanges and whales, prices can fluctuate like crazy, giving you the opportunity to buy low and sell high for profit. The gains are better than it's the case with the stock market, but the risk of loss is high.
Once the crypto market is regulated, Bitcoin's price may stabilize. Only then, it'll be much more difficult to make profits within the short term. What matters is that Bitcoin remains decentralized at its core. As long as that is the case, it won't be going anywhere. It's been like that for nearly 13 years now, so it's probable it'll last for generations. Just my thoughts
