the logic is like this, if someone controls Bitcoin then the price of bitcoin will be easily manipulated?
But so far I don't see anyone controlling it. The rise and fall of prices is only influenced by the media, not controlled. if there is bad news, usually the price of bitcoin has an effect and goes down on the market, so if for example there is good news, the price of bitcoin goes back up.
neh, therefore I don't think anyone controls Bitcoin.
But so far I don't see anyone controlling it. The rise and fall of prices is only influenced by the media, not controlled. if there is bad news, usually the price of bitcoin has an effect and goes down on the market, so if for example there is good news, the price of bitcoin goes back up.
neh, therefore I don't think anyone controls Bitcoin.
I doubt that there are evidences that say Bitcoin is being manipulated. Its price is determined by market supply and demand and the market is highly volatile because of news and investor sentiment. But there's nothing wrong to be skeptic because the lack of regulation and transparency in the cryptocurrency market can make it susceptible to manipulation like insider trading and market manipulation by large players.
Since most of the major altcoins move up or down at the same time as bitcoin, aren't they all controlled? How does it work?
There’s a rumor about this but I think whales can’t totally control the market, though they can influence it but its already a different approach. If you think Bitcoin price is manipulated, then try to know when to buy so you will not get trap if ever. Altcoins still follow the trend of Bitcoin because it is still the top coins that fully influence the market, any fud and news can make Bitcoin price move. Yeah. It is important to conduct thorough research and exercise caution to not get trapped in manipulation before making any investment decisions.