Replying to Avatar The Conscious Contrarian

Is it possible the price of Bitcoin is being manipulated? There are two ways I can think of that this might happen:

1) Exchanges holding shadow Bitcoin/Bitcoin as fractional reserves thus covering up actual demand (similar to what happened at FTX).

2) Some central actor shorting Bitcoin at a larger scale thus artificially increasing supply in the short term.

I actually don’t think either of these are very likely to be happening at a systematic scale but curious what others think.
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hxn⚡️ 2y ago 💬 1

Is the line of questioning because you think the price should be increasing given the banking issues? I for one am actually pleasantly surprised the price has held steady which I interpret as many people adopting the store of value, no 3rd party custody reality. That’s in contrast to march 2020.

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The Conscious Contrarian 2y ago

I agree. I’m mainly wondering what attack vector adversaries might have if they do want to suppress the price longer term.

The central bank, treasury and big banks know that if Bitcoin sends too strong a price signal, this could spell further trouble for them.

So I’m trying to figure out if it’s realistic they could try to keep the price levels somewhat suppressed.