Introduction
When it comes to cryptocurrency markets, many investors know just how unpredictable they can be and how much it can revolve around Bitcoin’s ability to surge and plunge dramatically. This week, Bitcoin enthusiasts were abuzz with two significant developments: manipulation supposedly sending Bitcoin prices and discussing that Microsoft’s CEO just met with Bitcoin enthusiasts. This interesting combination of events has led to increased anticipation of Bitcoin and more particularly its future prices and how this may affect the rest of the crypto-market. Of course, all of these have been discussed here and there and in this article, let’s take a look at these events with details on how manipulation did not die with the death of MtGox, how Microsoft getting into the Bitcoin space is a big deal.
What Happened? A Sudden Bitcoin Price Dump
That is why we can see that Bitcoin has long been interested in market manipulation. Year after year, various reports and analytical data provided the evidence that whales — users owning big amounts of bitcoin — can manipulate the market with their buy or sales signals. In some of the platforms, large orders, which come in sequence, can cause shifts in price since the number of bitcoins available for trade is limited. This week the price of XRP plunged, obviously manipulated and it immediately raised discussions on manipulation techniques used to push prices down.
Market Misleading:
Peergame control in trading with the use of Bitcoin usually occurs with the use of large transacted quantities to exert the initial selling pressure and then uses the relaying of rumors by the media to compound the issue. Such ‘sell pressure’ control is typically executed through ‘spoofing’ (whereby the trader enters an order with no real intention of executing it) and ‘wash trading’ (whereby the trader sells and buy back an asset with a view of inflating trading volumes). Recently, many sell orders were registered at a time when the Bitcoin price was declining. Observers found that there were many large sell orders on main exchanges, which many predict that whale traders were trying to manipulate the market to create a sell signal.
The Impact on the Market
This market dump was a big blow to many amplify traders who recently invested in Bitcoin during its previous upturn. But many long-term investors are already aware that these dump prices often give new investors opportunities to buy Bitcoins on the cheaper end known as ‘buy the dip’. Nonetheless, these manipulative moves cannot diminish its long-term value or its solid deflationary characteristics, as far as many people are concerned. But the biggest issue of market manipulation continues to plague Bitcoin since it disrupts stability and can chase retail investors away.
Microsoft CEO’s Meeting with Bitcoiners: A Game-Changer?
The latter may have had a potentially revolutionary turn recently when Microsoft’s CEO Satya Nadella had a meeting with a number of Bitcoiners. This meeting has created hype and curiosity as Microsoft, which is a leading technology company that seems to be experimenting with the Bitcoin environment. Microsoft’s foray into the Bitcoin space could be a real boost given its clout in technology as well as cloud infrastructure.
What might this mean for Bitcoin?
The announcement by Microsoft is likely to be followed by similar endorsement and usage by other institutions. Due to its role in consumer as well as business software, Microsoft can easily incorporate Bitcoin to a host of applications including Microsoft Azure, Microsoft 365, and payment processors. While specifics of the meeting itself have not been disclosed, anything which Microsoft does toward Bitcoin is bound to increase the value of the currency, bring in credibility, and eventually lessen the effects of manipulation over time.
Imagined Places for Bitcoin Adoption
If Microsoft decides to leverage Bitcoin, here are some areas where it might be most likely to make an impact:
Microsoft Azure:
It also means that through Bitcoin’s mining operation, Microsoft Azure can provide blockchain service or incorporate decentralized financing (DeFi) solutions to companies. This could increase the number of clients of Azure, especially for those interested in measurements that are more secure and decentralized.
Microsoft Payment Services:
Allowing Bitcoin payments through Microsoft’s payment services may set a precedent and one creates pressure on other companies to incorporate it too, thereby making it common and fasten its use.
Microsoft 365:
Tools backed by Bitcoin could also potentially incorporate with Microsoft 365 for unique data security and verification blockchain features that would be tailored for businesses and clients.
Cryptocurrencies & Bitcoin: Standing of Microsoft
Microsoft has ventured in support of cryptocurrency in the past, with the firm supporting Bitcoin as a payment method for some of its products sold on the Xbox store but this has since been disabled. I nteraction with Bitcoiners indicates that there is rejuvenated focus, maybe due to maturing of adoption of cryptocurrency adoption in the corporate circles. Also, positive signals to blockchain technology can be observed from Microsoft as it adopted decentralized platforms, and decentralized identity solution is an example.
This meeting could indicate how the company is likely to approach the market carefully so that through focusing on the strength of the technology, Microsoft can forge its entry in to the Bitcoin market.
Why Microsoft Might Be Interested in Bitcoin
The following factors likely attracted Microsoft’s interest in Bitcoin and decentralized finance:
Blockchain Security:
Bitcoin has perhaps the most secure blockchain and Microsoft could find this useful as it looks to improve on its data security solutions.
Financial Inclusion:
Well, Bitcoin is famous mainly for the financial inclusion provided for individuals across the world, and this is in line with Microsoft’s mission. Implementing bitcoin technology as payment gateway offers solutions in areas where they are scarce.
Staying Competitive:
Several technologies firms in particular, the financial and data related technologies firms require continuous innovation to meet the competition. Adopting Bitcoin as well as applying blockchain technologies may serve as a springboard for Microsoft within the decentralized technology era.
The Bigger Picture: Bitcoin’s Future
This is even more so the case since volatility remains inherent with it, and as Bitcoin ages, it becomes even harder for these retail investors to make their way through manipulation and further fluctuation in price. But this is not true given the attention received from some giant companies including Microsoft that show Bitcoin has immense potential than the minor hiccup. If these companies such as the Microsoft starts investing in the Bitcoin or block chain, manipulators over the long run will have reduced their powers to manipulate, due to increased numbers of transactions and users in the market.
Investor Sentiment: Comparing Short Term and Long Term Anticipations
Newcomers in the crypto-world have the problem of high levels of stress concerning the price changes in Bitcoins, and rumors of market manipulation. But those who have been following the Bitcoin know that’s not the case; instead, it has long-term prospects. Institutional engagement which is expected through existing players like Microsoft may be the new phase for bitcoins.
Investors that are holding for the long-term – so called ‘hodlers’, generally consider such a message to be positive. They regard manipulation dumps as potential places to acquire even more Bitcoin in expectation of further demand by large companies, which will result in the addition of credibility and stability to the Bitcoin market.
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Conclusion
The recent manipulation in the Bitcoin market through a massive sell off widens the problem that affects the cryptocurrency market. Still, those bin dumps can be quite disturbing sometimes, but this article showing that Microsoft CEO talks to Bitcoiners gives the desired signal for Bitcoin’s longevity. It could also bring legitimacy to Bitcoin to the corporate world and possibly to other organizations thereby neutralizing the biases that floods the market in the long run as the corporations help adjust it.
Cryptocurrency market is extremely volatile, however, with Microsoft paying attention to the phenomenon, Bitcoin can easily come out of its proverbial teenage. With Bitcoin, hailed as the world’s first decentralized digital currency, so many tremendous opportunities to shake up the traditional financial system exist within the cryptocurrency itself. The relations between corporate leaders and Bit coiners indicate a favorable approach where Bitcoin can be smoothly assimilated into the general financial and technological environments and therefore enjoy increased acceptance and longevity.
