i think the fact that it is such a "tiny" market makes the possibility of manipulation more likely?

SantaNotSanta

247bf84fda

The price of bitcoin could be anything holders agreed on, and DCA & transaction buyers would still pay it.

Consequently the price is leaping and falling while voodoo charts attempt to map a random walk.

bitcoin

To what degree is the Bitcoin price manipulated?

It isn't manipulated it is:

1. Tiny
2. Illiquid*
3. Misunderstood

The price of bitcoin could be anything holders agreed on, and DCA & transaction buyers would still pay it.

Consequently the price is leaping and falling while voodoo charts attempt to map a random walk.


* "Liquidity refers to the efficiency or ease with which an asset or security can be converted into ready cash without affecting its market price. The most liquid asset of all is cash itself."

https://www.investopedia.com/terms/l/liquidity.asp