I think BTC price is being played. Either a consortium of whales or a country with enormous assets is creating spikes and sell-offs. You can see them being careful not to scare the market… just a little here and there. Is this a conspiracy theory or is it possible?
of course it is
No way it’s too decentralized
to manipulate it you would need to coordinate 100,000 people or else have a few billion to play with
Its definitely not farfetched sounding, a few thousand people trying to control the market, its happened before with in other financial sectors so I can see why people would think this. But do I think its happening now? No, I dont, like someone said above, its too decentralized.
There are bitcoin whales (companies or people that have enormous amounts of Bitcoins) who could be manipulating Bitcoin price.
Meaning that Bitcoin isn’t as decentralized as many imagine it to be.
something is definitely up with the way the price moves