Growth of Bitcoin?

[LogitechMouse]

Such a huge volatility means big players are manipulating bitcoin.

Why whenever we see Bitcoin going down, we always say things like "Yeah this whales are manipulating again the market" blah blah blah??
Enough of this nonsense phrase because Bitcoin in 2021 isn't the same as Bitcoin in 2017 where it is heavily manipulated by these rich people. Bitcoin's market cap has increased already therefore, the chances of whales manipulating Bitcoin is very low and in order for them to do it they need a huge amount of money and a bit of coordination maybe .

Instead of seeing the price drop of Bitcoin as manipulation, see it as a correction that has been made by many investors who chose to take profit at its peak. The price drop isn't only because of these big holders of Bitcoin who sold most or all of their holdings but many, many investors who either took profit or sold at a loss because they see Bitcoin going down already. Enough of the manipulation shit already. Its 2022 already. At least change the way you think regarding Bitcoin's price movement.

[noorman0]

So is that good for motivating other countries to make it legal tender as currency?

A closer reason: The government wants to keep its people's finances under control. Governments can also manipulate policies that don't actually make them better. As has happened in the country of Elsalvador, eventually people realize that they are not actually transacting with real bitcoins when they are required to use a centralized wallet. This is a sign that the government is centralizing the bitcoins circulating in the country so that they can be controlled, like funds that suddenly disappear.

Bitcoin will actually be legal as a means of payment if residents are allowed to transact through non-custodial wallets.

[Wawa2013]

Bitcoin price going down isn't always the effect of manipulation. The money that comes in to the bitcoin market should flow towards something else one way or another, and investors are free to do that. This doesn't mean manipulation at all, it's just taking profits. The market is already too big for manipulators to exist, or if they do they can only affect a portion of the market, but still not enough to induce bear markets of high severity and long durations.

The Bitcoin market is already too big for whales to manipulate, it requires very large capital to manipulate now. So I doubt that the cause of
the decline in the price of Bitcoin is due to manipulation by whales, especially with the many institutions that invest in Bitcoin in the long term,
making Bitcoin support prices stronger, so it's not easy to dump Bitcoin prices deep enough. That's why Bitcoin has so far been strong enough
to stay above $40k, and I believe Bitcoin price will recover soon. It is the most reasonable possibility why the price of Bitcoin dumps,
that's because quite a lot of investors are selling Bitcoin at peak prices. But there is no need to worry that the Bitcoin price will rise again soon,
because investors who were already taking profit slowly started buying Bitcoin again. Because right now the price of Bitcoin is quite low and
it seems difficult to expect Bitcoin to drop below $40k.

[rodskee]

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

You are talking like you understand everything but the way you reacted is like you only learn from hearsay and not from your own understanding and research .
but you are correct that blockchain technology supposed to be Known by Bitcoin.

and also EL Salvador bought Bitcoin at those range without any manipulative strategy , and whales has nothing to do with it.

There might be manipulation but never forget that Bitcoin is a volatile currency meaning this can move here and there even without that called manipulators .

[Luzin]

The Bitcoin market is already too big for whales to manipulate, it requires very large capital to manipulate now. So I doubt that the cause of
the decline in the price of Bitcoin is due to manipulation by whales, especially with the many institutions that invest in Bitcoin in the long term,
making Bitcoin support prices stronger, so it's not easy to dump Bitcoin prices deep enough. That's why Bitcoin has so far been strong enough
to stay above $40k, and I believe Bitcoin price will recover soon.

Yes that's your guess, but I hope it's true. Reading the direction of the market is a prediction, we will not know the actual direction of the market. A lot of consensus is repeated and happens again, that's what makes everyone predict. I always think the worst possibility, therefore I don't want to oppose the market because I don't have enough funds to move the market. It is true that many large corporate institutions buy but we only know from the news that whether it is true or not. But at least it's a positive news to convince holders or buyers to get bitcoin and accompany market opinion.

[Questat]

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

They are in the participation of the market growth but we can't just blame them for everything that it happens in crypto. Maybe we could say that manipulations are seemed bulgar but I believe it can be changed somehow as people had already learned. I think it was the time to stop pointing whales for the drop, not anymore as the market is volatile and many factors that could affect it, not just because of manipulation.

[Congyang]

Bitcoin is not a coin that can be said to be manipulated, it's marketcap has increased to a level beyond to be called manipulate, Bitcoin is not those pump and dump altcoins or shitcoins that can easily be manipulated by whales.

Yes, the so called "whales"(basically just people with a crap ton of BTC) actually do exist, but they can only manipulate the market to a certain extent; but definitely not the case where most people think that they totally control the bitcoin market or something that ludicrous.

But yea, as the marketcrap increases, it's just going to get harder and harder.

having a lot of BTC doesn't mean you can manipulate it I guess.
because even though they can have a lot of btc in their wallet but indeed to say bitcoin manipulation I think it will still be very difficult.
On the other hand, we can't deny that people who have a lot of assets or can be said to be whales here can be dangerous because they can make moves to make their own profits, but on the other hand it will only have a small impact I think

[Mamun74]

Bitcoin price huge increase last 2-3 years.Since 2012-2014 bitcoin price was around $400-600$ but now $42k+.Bitcoin has been reached $66k+ in 2021 and broke all record price. I Think bitcoin will be more development and more grow. I hope new investor will come in soon. I still believe bitcoin price will recover  soon and i hope bitcoin price will be reach $70k+ in 2022.

[isaac_clarke22]

~

Quite hearing this a lot in many news articles with a title of "Bitcoin fell x%, whales s0lD it @ll". From that, I can see many people that haven't bought their first Bitcoin yet thought that Bitcoin is all about the whales.
We wouldn't had call it volatile in the first place if it is truly dictated by these so-called whales. They do exist, but it doesn't go further away from the definition that they're just holding a large amount of Bitcoin.

[fiulpro]

Whales are essential as well, we cannot just cut off the manipulation that comes with the rich people investing in cryptocurrencies like bitcoins but most of the times their decisions are influenced by the economic situation of the country and also right now we are in the middle of the pandemic so with respect to people loosing their jobs, lack of money, security, lack of healthcare I think people are anyways pulling out their investments. Most of the times whales don't even sell their coins, they move them and on knowing people panic and due to panic they are the ones who actually kills the price. Plus with the adoption of Bitcoins in more countries and more areas you can expect the general public to invest more in there. The future is definately bright, it's about usability as well and not just the value as an asset.

[Vaculin]

Whales are essential as well, we cannot just cut off the manipulation that comes with the rich people investing in cryptocurrencies like bitcoins but most of the times their decisions are influenced by the economic situation of the country and also right now we are in the middle of the pandemic so with respect to people loosing their jobs, lack of money, security, lack of healthcare I think people are anyways pulling out their investments. Most of the times whales don't even sell their coins, they move them and on knowing people panic and due to panic they are the ones who actually kills the price. Plus with the adoption of Bitcoins in more countries and more areas you can expect the general public to invest more in there. The future is definately bright, it's about usability as well and not just the value as an asset.

Let's just accept the fact that as long as bitcoin remains to be volatile, whales too are also becoming inevitable from manipulating the market. But its not all the time that when bitcoin drops, whales are the main reason. If its time for its bearish cycle to move, majority of the coins will certainly suffer from price decline. And as bitcoin grows over the years, despite of its volatility case, it will also increase its adoption not just as an asset alone, but more on as a currency that can serve as an alternative to fiat.

[Oshosondy]

The most interesting thing is that in December they predicted the growth of bitcoin to 100 thousand. So, now it is already quite difficult to believe the forecasts.

Why believing what analysts are saying all the time, haven't you learn from the past how people like to predict over what can actually happen, but know that bitcoin will get to $100000 one day.

Do your own research, do not believe what analysts are saying, they can be right or wrong.

[noormcs5]

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

El Salvador has made bitcoin legal tender and it is the only county to do so. But keep in mind that bitcoin is volatile and therefore you should expect pump and dump in the prices. The cryptocurrency market is not stable.
There are times when bitcoin prices are higher , then no one complain, but as the bitcoin prices declines, we see people concern about the volatility.

[rodskee]

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

El Salvador has made bitcoin legal tender and it is the only county to do so. But keep in mind that bitcoin is volatile and therefore you should expect pump and dump in the prices. The cryptocurrency market is not stable.
There are times when bitcoin prices are higher , then no one complain, but as the bitcoin prices declines, we see people concern about the volatility.

and not because EL Salvador adopted Bitcoin as tender Legal meaning the price will completely pump up because that country is too little to make changes in the market position that easy,  i think they have just added a positive reviews in short term but now the popularity subside because there are no other country that follows their movement.
and their president keeps shilling for Bitcoin in desperation to make the price increase so high so this will favor their purchase and the economy will also benefits from the increase.
maybe in future we can see changes but for now? we are still waiting for more adoption .

[stomachgrowls]

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

El Salvador has made bitcoin legal tender and it is the only county to do so. But keep in mind that bitcoin is volatile and therefore you should expect pump and dump in the prices. The cryptocurrency market is not stable.
There are times when bitcoin prices are higher , then no one complain, but as the bitcoin prices declines, we see people concern about the volatility.

and not because EL Salvador adopted Bitcoin as tender Legal meaning the price will completely pump up because that country is too little to make changes in the market position that easy,  i think they have just added a positive reviews in short term but now the popularity subside because there are no other country that follows their movement.
and their president keeps shilling for Bitcoin in desperation to make the price increase so high so this will favor their purchase and the economy will also benefits from the increase.
maybe in future we can see changes but for now? we are still waiting for more adoption .

We dont know if the President of El Salvador does really have that intent or totally just minding off on adopting it for the sake of hard support of this tech but of course it couldnt really be ignored that

investment matters on this one since we do know on how this market moves basing off with the demand.They arent on a rush for sure and other countries doesnt really mean that they dont recognize

on what El Salvador had done in terms of bitcoin adoption but surely if we do talks about recognition then it gets higher day by day.

[oHnK]

The condition of El Salvador which has legalized Bitcoin is one of the advancements of technology that has existed since a few years ago despite its implementation, this is filled with certain reasons and motives that we may not know. Bitcoin and crypto have indeed shown significant developments not only from El Salvador, the results of Linkedin's publication that crypto and Bitcoin are the most sought after positions, even more than 400% increase from the previous year and have beaten the IT position.

[muratsink]

we say that bitcoin investment is an investment that is growing rapidly in this century where a lot of miners have continued to be in bitcoin in the last 10 years we can say bitcoin is an investment that is most engaged in by enthusiasts at this time in contrast to investments that another because bitcoin investment is very transparent and open so that we are free to choose to release bitcoin or continue to mine bitcoin so as not to release it on the stock market at a low price, thus reaching the peak of popularity with such high trust

[BIT-BENDER]

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

Some country economical strength can be in various form, I know mine is highly sponsored by crude oil, so I don't think countries would be looking into Bitcoin just because of a country gained or failed from it, infact any country that truly adopts Bitcoin should look beyond the investment purposes and how crypto-currency can help out it's citizens form problematic traditional means, both now and in the future.

[jaberwock]

We are no longer in pre 2017 era where whales could manipulate the Bitcoin price ? No one can manipulate the market as its a monopoly and the news about El Salvador legalizing bitcoin is welcoming new which might have a postive affect in the market as other small nation's will follow the same approach towards bitcoin.

Surprises me that by now a lot of people still think that the price of Bitcoin can be manipulated by just anyone. Things has changed and Bitcoin is bigger than it used to be before, and due to the high market cap that we have now, no one can easily manipulate the market. It is only altcoins that can easily be manipulated by the whales, because altcoins have a small market cap. As for Bitcoin, it is not about manipulation, we already know that it is a volatile market and the price can go up and down at anytime.

So, I still don’t get why a lot of people would be complaining when the market is down, they only expect it to keep going up, and they forget that it is always going to go both ways and not just only increasing value.

[Sled]

El Salvador has legalised bitcoin and just for a thought I was evaluating that the country purchased btc in 30k range and after a few weeks purchased in 50k range and now it's dumping and again seems to touch 30/40 k range. Such a huge volatility means big players are manipulating bitcoin. So is that good for motivating other countries to make it legal tender as currency? The whales have deep roots in btc and it will always be a drawback for the organic growth of Bitcoin. And donot forget blockchain technology is known by bitcoin! Am I right?

Some country economical strength can be in various form, I know mine is highly sponsored by crude oil, so I don't think countries would be looking into Bitcoin just because of a country gained or failed from it, infact any country that truly adopts Bitcoin should look beyond the investment purposes and how crypto-currency can help out it's citizens form problematic traditional means, both now and in the future.

I hope this could be realized as we know that people are coming into Bitcoin for investment, nothing it called beyond investment. Bitcoin will continue to grow not because of being manipulated or being used but it is probably because more people are investing and their numbers are crazily growing day by day.

Those countries who adopt crypto and invest in Bitcoin I hope that their intention is to help their citizens, not just only for their own.