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by Hermel 1694 days ago
If you think the article provides evidence for any of what you are saying, you should read it again. Do you really believe the 1000 top holders of Bitcoin that control together about 15% of the supply somehow conspired together to manipulate the price?

Yes, there is a lot of small scale shenanigans with crypto currencies, but Bitcoin has become very hard to manipulate due to the sheer size of the market.
2 comments
SpicyLemonZest 1694 days ago
I really believe that. Remember that the size of the housing market didn't protect it from manipulation in the early 2000s - having a huge pile of independent market participants doesn't mean they can't all be tricked into trading at the same inflated prices.
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nuerow 1694 days ago
> Do you really believe (...) conspired together to manipulate the price?

> Yes, there is a lot of small scale shenanigans with crypto currencies, but (...).

There are no buts. Either the market is manipulated, or it isn't. You already acknowledged it is manipulated, but somehow the degree of difficulty to pull it off is of any relevance? Why do you feel this matters?

Meanwhile, here's an interesting read.

https://www.bloomberg.com/news/articles/2021-01-14/research-...

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csee 1694 days ago
The subject of those two sentences is different. The first is BTC, the second is smaller coins.
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