This goes for any asset, manipulation via marketing and game theory is present in any market. People should always research the fundamentals and try to understand the thing they are investing in.

This method applies for any investment asset and not just to bitcoin. Own research and listening to your own thought is very very important when it comes to any type of investment.

However,  I don't agree to that part of the statement where you have said "the price of bitcoin is largely depended on few individuals who have the power to manipulate the market." Definitely there are whales in the market who owns large amounts of bitcoins using which they can create fake demand or supply to manipulate the price. But are they really doing so??

I remember reading a chainanalysis blog post few months back where they have analyzed the bitcoin usage trend of the most wealthiest whales and proved that they are accumulating bitcoins in small quantities and not really manipulating the market. Read it from the below link,

https://blog.chainalysis.com/reports/bitcoin-whales-oct

I hope this research paper will clear some of your misconceptions about whales!

Assuming you were referring to prices and the markets in general, then it's debatable. There's nothing wrong with following bitcoin itself, both the technical aspects and the markets, and watching the price movements. The problem arises when you start listening to these so called "market experts" or "market analysts" that make bold price predictions.

Smart people will not rely on anyone to do the analysis of the current market for them.

So is with wise investors. If you are one who relies on others to do it for you, then you are in big trouble. Most of them who claimed experts on bitcoin and cryptocurrency and the market do these to bait others in doing what they want to happen. Then they could easily control the price and benefit from it.

True but the problem with some people is they know what to do, they know the truth and they are wise but, the moment they hear rumors they are easily carried away and they forget the right thing to do. Either they rejoice and are excited too quickly with an unverified news they heard or wail quickly as they hear unverified bad news. Funny but I think it is an instinct in every individual.

As an investor, you wont really able to avoid these kind of analysis came from other sources or even to popular people on the net specially into this crypto field.
If you are smart enough you can able to utilize those news or fundamentals to be part of your investment strategy.You can either apply or just simply ignore
depending on your own discretion.

True, manipulation is happening in every market. And to those that have been leaning with crypto analysts and experts, I find it helpful and not sometimes. When I was new to the market, I used to believe those predictions made by the big names.

Some of them became popular because of the close call that they made. But most of them that predicted the market lately were too inaccurate to tell where the market is going. With regards to your funds, trust no one and play it on your own.

I agree. The market that we are watching on the charts is manipulated but most whales trade OTC. If the news are true only a very little coins is traded on the exchanges and it's always the same coins bought and sold over and over. One thing that influences the charts is the miners selling because most of them do it on exchanges. The other is people who bought years ago and got tired of waiting or have things to buy. Rich people are buying.

Bitcoin shouldn't be followed by sentiment. Some people here in this community trust bitcoin and they know that this is just the beginning of this technology, so they still believe in bitcoin and invest in it, like I do, and there are other people who afraid when they see this huge volatility of price in the market, so mostly they quite the crypto world because they find it so risky. Everyone is free to quite or to be a strong believe in the crypto, more especially bitcoin. Personally, I get a huge profit from bitcoin and I know how the market goes and I'm still in profit even when bitcoin decrease to 2k$.

I believe there are some groups out there who do make these misleading news that most newbies would probably believe them. But once we do our own research and understand the fundamentals. We will make our own statements based on the fundamental analysis that we've been researching. But never follow a sentiments.