The Capital
Published in

The Capital

Flawed Study: Bitcoin Was NOT Manipulated By One Trader

By Dr. Chris Kacher of Hanse Digital Access, KJA Digital Investments and Virtue of Selfish Investing on ALTCOIN MAGAZINE

Image courtesy of Elizabeth Gail

Q.E.D.

In the final analysis, every market is ‘manipulated’. Everybody tweeting something about the price of a certain asset is ‘manipulating’ the market. Every news article for or against bitcoin is manipulating the market. A single manipulator could fuel the trend by adding to his position on the way up. But this does not mean he is the only one driving the price higher. If he is wrong, the trend will reverse at some point as fundamentals win out in the end. Even on a short term basis, if one whale drives up the price of a cryptocurrency or stock too far, sellers come in and drive the price down.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Hanse Digital Access, KJA Digital Asset Inv. & VSI

TriQuantum Technologies: 1) construction equity cap raise using blockchain, 2) Quantum Poodle Cryptofund, 3) NFTs/DeFi. www.hansedigitalaccess.com