0 sats \ 1 reply \ @satyagraha 12 Feb 2023 \ on: To what degree is the Bitcoin price manipulated? bitcoin
It isn't manipulated it is:
- Tiny
- Illiquid*
- 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
i think the fact that it is such a "tiny" market makes the possibility of manipulation more likely?
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