Bitcoin is the decentralized digital currency.So no one can control the price of bitcoin and the growth of bitcoin.
Yes, exactly my thoughts.
Your thoughts are wrong. Bitcoin itself is indeed decentralized, but that doesn't apply to the market that's being controlled from
centralized exchanges.
In this case Bitcoin's market isn't any different from other markets, where there is only one main rule, which is that money rules. This market is being manipulated not by just one party, but several parties pooling their efforts together from multiple main exchanges. Who are these parties? It's impossible to say, because there is no sufficient proof. It could be financial institutions, hedge funds, insanely wealthy individuals, etc.
Don't forget that the liquidity exchanges provide is a joke, so even relatively low amounts could steer the market in your preferred direction. As soon as professional parties start getting involved and turn our current exchanges into something more similar to stock exchanges, especially based on their rules and whatnot, liquidity will come. Current exchanges are nothing more than incompetent and heavily crippled platforms. Serious investors are moving to the OTC market for a reason. 1) the liquidity is the problem. 2) they don't trust current exchanges.
