Unsure

[spazzdla]

If manipulators are failing to drive the price down or keeping it steady on purpose..

I am leaning towards they are failing due to BTC an not be printed to infinity.

[mrhelpful]

Wouldnt it be opposite then since you said btc does not print to infinity, therefore value increases automatically based on users understanding a limited supply.

Outside from manipulators, the reason why its so hard to speculate bitcoin is wondering how many tranasactions and what its used for.

To me, honestly would be good 70% illegal online gambling sites, and current gambling btc sites that make up the majority purpose for money laundering since they really need it the most esp when they accept fiat money.

You combine that, its the other online gambling sites that need it the most.

[minerpumpkin]

Well, in the end this is certainly correct, but right now the amount of Bitcoin that are being "printed" and released on the open market is higher than the amount of EUR, for example, that's being released - compared to the total amount of their respective units.

[ensurance982]

I really don't know what to believe at this point. There could be an incredible amount of manipulation, but on the other hand it could all be pure speculation and conspiracy theories. The only manipulation that's for certain is the trolling here on the forums. And the bots taking advantage of small movements.

[cellard]

Everyone that is on here for long term benefits from the current low price. We benefit by having the chance of getting entire amounts of BTC without it being extremely hard, the rich benefit from the weak hands as they get tons of cheap BTC.

[techgeek]

Everyone that is on here for long term benefits from the current low price. We benefit by having the chance of getting entire amounts of BTC without it being extremely hard, the rich benefit from the weak hands as they get tons of cheap BTC.

Well yeah, thats only cause the size of existing capital they have from fiat form.

The rich are always ahead, since they have buying ability. As for long term benefits, it really falls upon what bitcoins direction as a commodity / day to day concept or something else entirely.

[jaredboice]

What techgeek said!

I've been hearing the same thing in the metals markets for years now!  They say that the manipulation is good for us because we can buy more.  Well, what if we don't have money to buy more?  What if we really need the manipulation to end because there's no jobs and the elite continue to squeeze every dime they can out of the economy.  In reality, the manipulation is really only helping the rich, and the few "main streeters" who have jobs and the recurring revenue to take advantage of it