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Topic: Growth of Bitcoin? - page 3. (Read 556 times)

hero member
Activity: 2744
Merit: 588
January 17, 2022, 03:04:39 PM
#5
Bitcoin is not a coin that can be said to be manipulated, it's marketcap has increased to a level beyond to be called manipulate, Bitcoin is not those pump and dump altcoins or shitcoins that can easily be manipulated by whales.

Yes, the so called "whales"(basically just people with a crap ton of BTC) actually do exist, but they can only manipulate the market to a certain extent; but definitely not the case where most people think that they totally control the bitcoin market or something that ludicrous.

But yea, as the marketcrap increases, it's just going to get harder and harder.

Whales can't have total control in this market. They may make a dent at some point, but will not significantly alter the market.
I don't understand why some people are still thinking that this market can easily be manipulated by whales.
A lot of factors are contributing this up and down movement. As more stakeholders are joining this market, expect a roller coaster ride.
We can only see clear manipulation in most small cap alts. Where small buy can tremendously change the percent change in the market.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 17, 2022, 10:01:40 AM
#4
Bitcoin is not a coin that can be said to be manipulated, it's marketcap has increased to a level beyond to be called manipulate, Bitcoin is not those pump and dump altcoins or shitcoins that can easily be manipulated by whales.

Yes, the so called "whales"(basically just people with a crap ton of BTC) actually do exist, but they can only manipulate the market to a certain extent; but definitely not the case where most people think that they totally control the bitcoin market or something that ludicrous.

But yea, as the marketcrap increases, it's just going to get harder and harder.
legendary
Activity: 1554
Merit: 1167
Gamble responsibly
January 17, 2022, 09:57:28 AM
#3
If a country wants to adopt bitcoin, they should get analysts that will also help, there will be a time to buy in a way it will help. The countries should always tell their citizens how using bitcoin is can be risky.

 El Salvador adopted bitcoin successfully.

Or like.. you know.. some assets are simply volatile. It doesn't automatically mean that the so-called "wHaLeS" are deliberately manipulating the market. Bitcoin or any other asset's price can drop simply because the holders are selling. ‍♂️

Price increase = adoption!  Smiley
Price drop = MANIPULATION!!1!  Angry
Bitcoin is not a coin that can be said to be manipulated, its marketcap has increased to a level beyond to be called manipulation, Bitcoin is not those pump and dump altcoins or shitcoins that can easily be manipulated by whales. Even if manipulated successfully, ATH will still come.

Adoption is what we should look more into because price increase and drop in a way long term result is still increase. It is still adoption.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
January 17, 2022, 09:36:00 AM
#2
Such a huge volatility means big players are manipulating bitcoin.

Or like.. you know.. some assets are simply volatile. It doesn't automatically mean that the so-called "wHaLeS" are deliberately manipulating the market. Bitcoin or any other asset's price can drop simply because the holders are selling. 🤷‍♂️

Price increase = adoption!  Smiley
Price drop = MANIPULATION!!1!  Angry
newbie
Activity: 84
Merit: 0
January 17, 2022, 08:43:37 AM
#1
El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?
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