Bitcoin (BTC) Price Manipulation Liquidity and Whale Control

A New Bie Investor wish:  There should be an officially recognized list of every conceivable thing that could affect the value of bitcoin. It might include anything and everything from government interventions in the form of regulations to effective scamming by criminals. It should be easy to understand.

Influencer Opinion: 

Pomp:  Bitcoin is money for everyone because it is controlled by no one.

CZ Binance:  No one controls the Bitcoin Network.

Michael Saylor:  Bitcoin is rules without rulers.

Community Reaction:  It is truly the most controlled asset around, especially now with Wall Street involved. If you like it or not, that is not relevant, but Bitcoin has become a controlled pump and dump coin.

Once upon a time, exchanges and miners thought they controlled it. Now we have come a long way from it.

About Bitcoin Price: Price is not everything. There is no point in complaining about the price.  It was people’s money that took BTC to it’s ATH.  And, when people decide to pull out their money and profit, why complain? It’s theirs. Don’t get confused, in cryptocurrency, it’s either you use people as liquidity exit or they use you.

Exchanges are capable of manipulating price and liquidity.  It appears as if it is manipulated continuously.  We do not see a network here as it is about ostensibly a bunch of bots trading on hobbled together exchanges.

The movement of the BTC price is identical to the NASDAQ or SP500 index.  Without a doubt the big funds, banks and hedge funds already have total control of the movement, since BTC is not a future reserve of value, it is one more asset speculative.

Bitcoin is code. Code is written by people.  There are people who collectively control Bitcoin. That does not mean “no one, controls Bitcoin”. You can say the control is distributed, in comparison to fiat, which is centrally distributed.

Being distributed does not solve the problem of the concentration of wealth and power in anyway. Bitcoin ecosystem is still highly influenced by centralized power and wealth.

He who can create will also be able to control and destroy what he created. Come on people, Bitcoin is not magic.  I also know it takes a brain or brains to create something technologically, so where are these brains? People who are in turn distributors.

Everyone is about to see that there is manipulation in the Bitcoin Market.

Believers about Bitcoin:  BTC is forever decentralized. Maybe we have a lot of non-believers in the potential of Bitcoin, but that is just because they don’t understand the whole picture yet.

I kind of look at it as though we all control it. So, in a sense it kind of Unites us all into one entity, which I think is a very cool way of looking at it and a very interesting concept. We’ve kept it going and it has brought us all together.