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     7 years ago (edited)

    I dont think they can manipulate the market forever, there is just to much development going on for adaption as we speak. Right now we are in a 50/50 situation, either it breaks the support line and go down or it continues go sideways.

    If you have seen my earlier Bitcoin,Blockchain and Crypto Asset updates you can see that everyday there is something new "positive" that makes Bitcoin fundamentals stronger.

    My theory is that the better people understand the fundementals around Bitcoin and decentralized Crypto Assets the more stable the market becomes.

    We are still in a Alpha phase, Bitcoin is not ready for mainstream adaption yet, but our community is growing everyday.

    In the end its just about trust, when the majority of people start to trust Bitcoin over USD a huge bull run will come. Then its not about how much Bitcoin is worth against the USD but how much Bitcoin you can actually accumulate.

    As for now, the market will be very volatile.

    More and more forex traders are coming to, they will also have a effect on the market as they are known for taking profits.

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