Is the price manipulated? There are still people who believe that Bitcoin is the most honest asset

Omid Malekan, author of The Story of Blockchain, recently wrote that Bitcoin is the most "honest and trustworthy" asset in the world. First, because of the nature of globalization, it is difficult to price-manipulate bitcoin transactions. Because there is no inside information in this market, there is no insider trading.

Is the price of Bitcoin manipulated? This is a matter that is agreed from the digital currency limiter to the blockchain skeptics. There is always a voice in the digital currency market: Bitcoin lacks regulation, and its price has soared or plummeted. A large part of the factor is due to price manipulation.
Take the view of Bitcoin's sniper representative, Dr. Nouriel Roubini, who believes that in the absence of any news, it can soar by 10% in just half an hour, which is necessarily due to price manipulation. The digital money market is the most manipulated financial market in human history, and therefore the digital currency is a worthless "shitcoins".

However, Omid Malekan, author of The Story of the Blockchain, recently wrote that as long as the digital trading platform can be improved, Bitcoin will be the most "honest and trustworthy" asset in the world. It is because it can be transferred very quickly, and because there is no inside information in this market.

First, Malekan mentioned that the bitcoin market has a global nature, which determines that bitcoin transactions are difficult to price-manipulative, and at best can only bring some arbitrage opportunities.

Malekan mentioned that Bitcoin is probably the first investable asset to be able to quickly buy or sell the same unit almost anywhere. This ability does not exist in assets such as stocks or bonds (they usually trade in different markets); assets that look like global trading, such as gold and fiat, are not easily transferred from one market to another. Another market - you can buy dollars in New York and dollars in Hong Kong, but the two dollars are not the same. For Bitcoin, you can quickly buy and sell the same currency on a global scale.

Some skeptics will continue to ask: “What if someone tries to buy a lot of bitcoin to manipulate the price everywhere?” Malekan countered that, according to this assumption, central banks around the world will also print a lot of money. Is this a way of "manipulating" the country's currency? And, if a listed company buys back its own stock, is this a way of manipulating the stock price? This assumption is true for any other market, not just bitcoin.

The second point that Malekan mentioned is that Bitcoin has no insider trading, one is decentralized, and the other is fixed total. These two characteristics mean that there is no inside information in the bitcoin market.

Markets that lack integrity are often filled with insider trading, a scourge that financial regulators have been trying to crack down. For example, for the stock market and the bond market, there are possibilities for insider news in various corporate transactions such as corporate earnings reports, mergers and acquisitions, etc. For example, for commodity markets, oil transportation problems and oil giant production problems may also be given to insiders. Bringing an unfair advantage.

Malekan mentioned that the only information asymmetry in the bitcoin market may be the investment plan of large investors. But this asymmetry exists in every market.

Since it reached a record high of 20,000 US dollars in December 2017, Bitcoin fell all the way last year, falling more than 70% for the whole year, and the bear market has been going on for 15 months. Since the beginning of this year, the price of Bitcoin has not fluctuated, and it is basically below $4,000.