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When we study Market Types in the books of Economics first type which comes into consideration is 'Perfect Competition Market'. Under this market situation, there are numerous buyers/sellers such that single buyer/seller is not in power to influence price and price is determined by forces of market. Bitcoin is based on this assumption.
But while we continue reading book, we came to know that 'Perfect Market Competition' not actually occurs in any real world industry. So no matters what theory says, Bitcoin prices can easily manipulated by some smart traders, big holders or maybe by some hidden cartels, who knows

Illuminati confirmed xD Grin

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