The last years rise was caused buy the massive increase of popularity of cryptocurrencies that was caused by extreme price pumps. It's a closed circle.

Because it's obvious a price cannot get multiply by 20 in twelve months without manipulation.
I read somewhere that 40% of bitcoin market was in the hands of 1,000 people. that's all you need to know.

why not? who decides how much rise is fake and how much is not? and why does he not decide that rising 6.6x (current price) is also a manipulation? you say 20 times is manipulation, i say 2 times is manipulation if we are throwing random numbers.
i am with mjglqw on this. and also i'd say the 70% drop is manipulation. you see it works both ways.

as for your 40% comment, that has never been proven. people love to look at some bitcoin addresses that have large balances and then start theory crafting. the bitcoin market is small and is affected by manipulation but things aren't that bad as you think they are.

I partially agree that last years rise was due to price manipulation but maybe some are real demands, that's why it caught regulators attention. But this years rise will be real since more institutional investors will start accumulating.

not fake demand, but the real demand of the public who do not get a response from both the government and the world, so they choose to reject bitcoin. the reality is that demand is always increasing every day.

I agree with you that Japan has good potential to regulate bitcoin, but I see other countries can also like Japan. they must eliminate selfishness.

The publicity of bitcoin is increasing but not necessarily the demand. The demand is probably quite stagnant right now(most likely not in an upward trend) as there's more fear than hope currently, compared to late last year when everyone was thinking of lambos and crap.

there is too much dependence on the etf proposal,if it fails price reacts negatively

I don't think that the price is dependent on the success of Bitcoin ETF, although it contributed to the last price spike we witness when it grow as high as $8500. But there are still other factors to consider with.


Japan already did its part and really embrace bitcoin specially during the time when China suddenly turns its back against us. But we really don't know when it will be mass adopted. Nations around the globe is still divided. So we have to wait for the G20 regulations in October. But they already said that crypto is not risk the overall financial system. So we might be waiting for another catalyst that will re-ignite the market 2 months from now.

That`s the point, we need slowly and healthy rise, proportional to adoption and real life usability.
We all saw what over PR and newbie wave brought to crypto after February 2018

Last year increase in price of bitcoin was as a result of mass adoption of bitcoin, but the present situations can be say to be a manipulation. With this we could not the price to increase up to 10,000 it might not happen this year again.