Re: Who is really controlling the Bitcoin market.

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.

Bro, I really feel I have been controlling the market recently. Every time I buy the price goes down and every time I sell it goes really high. It's not China apparently. LOL I have been buying DAO Maker recently because they release a news that they're more open now, which means everyone can join their token sales with or without staking their token. But then the price continuously goes down, but wth, we'll hodl and never sell

I don't think it's because of China by any mean. Besides the China ban the use of bitcoin, we saw how many other powerful institutions, governments and big companies adopt the use of bitcoin including India who announced recently the legalization of bitcoin in addition to Chile and El Salvador.
I can understand how people ask about how this market can be controlled, but i know that bitcoin is like to other products can be influenced by the global world economy .

India has recently legalized crypto.. that means you do not go to jail holding some anymore… Chile.. I dont know.. El Salvador.. the experiment is an utter failure, I mean the country is a failure and has not managed to even provide a legal tender to its citizen and my guess is that they will soon undo this move.. they created a “special” btc which is not fungible to normal btc or USD.. so.. it is really not BTC.
I do not feel that BTC is a success story but rather mean it will drift off into a forgotten backwater.

First of all, india has not legalized bitcoin. They have only proposed a law that is not yet implemented. Both India and china do not control the bitcoin market. A country that has the biggest bitcoin mining farms does not mean that they are controlling the bitcoins.

Practically no one can control this bitcoin market. It's all decentralized with no one in the power to control it.

Always not to forget that who is own the more hashing power can get more mining reward than others who do mining. And by the halving is making it much more difficult for mining small businesses so the competition will become limited to the powerful ones .