Alt coin price manipulation is much easier than with BTC - page 3.

webtricks

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Quote from: Kakmakr on November 13, 2017, 04:33:54 AM

Something that became more evident this last week is that Alt coin price pumping/manipulation is MUCH easier than Bitcoin BTC. It only took Roger Ver and his shills a few days to super pump Bitcoin Cash with more than 100%. To have the same effect with BTC, you will have to get most of the BTC whales to act together and this is no easy task.

There are also more BTC exchanges to manipulate than Bitcoin Cash or Alt coin exchanges, so these Alt coin whales can concentrate their efforts for better results on only 1 or 2 exchanges where these coins are traded.

This is going to happen a lot more now, since this was such a huge success for these Pumpers, so be wary. Roll Eyes

But one need to understand the core of this manipulation. It isn't Roger and team alone who contributed in manipulation but the big BTC community who started selling their BTC and buying BCH. I ain't able to understand how can someone invest in Bitcoin if he doesn't even has patience to hold it for single loose day!
Bitcoin community on whole is too weak because of huge influx of amateur traders. That is the main reason why we see easy manipulation and high volatility everyday.

Reid

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Yes, yes and yes.
That BCH is already the proof.
Just a group of rich people can do it easily. It is like they owned that currency by doing that and a lot have been a victim of that manipulation.
I hope it is a lesson learned for the victims and may your money rest in peace already. Grin

So what are we expecting next?
Dont trust the hype.

BennyWalker

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It is exciting thing that we have in cryprocurrency that there could be such manipulation. It is not illegal) and i think it is just th reality of cryptoworld that such tricks could be performed)) Roger Ver as an old friend of mine told me about his intentions in advance, so I benefited a little bit from Bitcoin Cash)))

entrepmind23

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Quote from: wxa7115 on November 14, 2017, 05:06:01 PM

It seems this is going to be a more recurrent thing in the future, it seems they were not having the success they wanted with the forks and have decided to switch their strategy and it seems it paid off since they probably made a fortune in the last days, while most people that bought bitcoin cash at those inflated prices are probably never going to get their money back.

I saw others post during that time that they will sell their bitcoin for less than $6k and switch to bitcoin cash because it is the coin that will replace bitcoin and the price is already more than $2k so I don't know what happen to them afterwards when the price is crashing. Those who just got in in crypto world would be somehow confuse seeing that there are so many bitcoin in their names and seeing that bitcoin cash is rallying and there's a shilling then many would be entice to buy it only to be dumped upon afterwards. We should always be vigilant when a coin is being hype because sooner or later it will crash if there is no steam left anymore and by the time the dumping starts, it will happen so fast and then the exchange will freeze as well due to the volume or any other reason and you will see your position in the losing side instead of being in profit.

Jorosss

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yeah bitcoin cash i a very good example, it can be manipulated easy by whales. So if you are a small time investor and you a fall from a trap, it will be hard for you to escape. Its better to stick with bitcoin

DannaWonder

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Quote from: Kakmakr on November 13, 2017, 04:33:54 AM

Something that became more evident this last week is that Alt coin price pumping/manipulation is MUCH easier than Bitcoin BTC. It only took Roger Ver and his shills a few days to super pump Bitcoin Cash with more than 100%. To have the same effect with BTC, you will have to get most of the BTC whales to act together and this is no easy task.

There are also more BTC exchanges to manipulate than Bitcoin Cash or Alt coin exchanges, so these Alt coin whales can concentrate their efforts for better results on only 1 or 2 exchanges where these coins are traded.

This is going to happen a lot more now, since this was such a huge success for these Pumpers, so be wary. Roll Eyes

The reason why it looks more easy to manipulate alt coin than BTC was because they use BTC as the main currency to trade to BCH. More people prefer to have BTC that is why it is easy to look for a seller of BCH. But if you are going to pump BTC price using other coin then you will find it hard to llok for someone willing to sell their BTC for other coin that is why most of the time fiat is being used.

eaLiTy

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Quote from: ladydark on November 14, 2017, 02:43:40 PM

Bitcoin price is really difficult to manipulate as it has diversified users all over the world.Its difficult to co ordinate among them and take a same decision at once.Also,bitcoin's price is much higher.BCH is not widely spread among users and also,its price was very low making it easy to manipulate.

There are big whales that could manipulate the price of bitcoin and we have seen that recently when there is a collective effect from miners to halt the transaction by reducing the hash rates and the price increase of bitcoin cash is mainly due to Korea as they started trading with their currency and majority of the volumes came from that country.

wxa7115

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Quote from: Kakmakr on November 13, 2017, 04:33:54 AM

Something that became more evident this last week is that Alt coin price pumping/manipulation is MUCH easier than Bitcoin BTC. It only took Roger Ver and his shills a few days to super pump Bitcoin Cash with more than 100%. To have the same effect with BTC, you will have to get most of the BTC whales to act together and this is no easy task.

There are also more BTC exchanges to manipulate than Bitcoin Cash or Alt coin exchanges, so these Alt coin whales can concentrate their efforts for better results on only 1 or 2 exchanges where these coins are traded.

This is going to happen a lot more now, since this was such a huge success for these Pumpers, so be wary. Roll Eyes

It seems this is going to be a more recurrent thing in the future, it seems they were not having the success they wanted with the forks and have decided to switch their strategy and it seems it paid off since they probably made a fortune in the last days, while most people that bought bitcoin cash at those inflated prices are probably never going to get their money back.

whyrqa

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Quote from: player514 on November 14, 2017, 03:11:26 PM

Quote from: allthingsluxury on November 14, 2017, 10:32:48 AM

Anything with a lower market cap is easier to manipulate. This is true too in the penny stock market. Enter with buy and sell limits and protect yourself. Otherwise sharks will be waiting to hose you.

Yeah, I was thinking exactly about a correlation to the penny stock market. People need to be a bit more concerned with where the pump is going though. A pump too strong will carry people away and when those whales pull out, everyone's stuck in a weird limbo with the price dropping. Honestly, I don't think people should really get into altcoin pump and dumps as well as penny stocks because there's no security for you and you can get carried away so quickly.

If we talk about those fluctuations in the price of cheaper coins, then the reality of manipulation in the market are huge, because that is because the coin is cheaper and it is thrown to the market by large holders of these coins. Of course with Bitcoin this does not happen, Although large whales always adjust the market, When they want to either earn or raise the price for Bitcoin.

player514

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Quote from: allthingsluxury on November 14, 2017, 10:32:48 AM

Anything with a lower market cap is easier to manipulate. This is true too in the penny stock market. Enter with buy and sell limits and protect yourself. Otherwise sharks will be waiting to hose you.

Yeah, I was thinking exactly about a correlation to the penny stock market. People need to be a bit more concerned with where the pump is going though. A pump too strong will carry people away and when those whales pull out, everyone's stuck in a weird limbo with the price dropping. Honestly, I don't think people should really get into altcoin pump and dumps as well as penny stocks because there's no security for you and you can get carried away so quickly.

stronghands4lyfe

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Markets always follow whales and whales always pump their own alts. This is no surprise to those who have been around and it will continue to happen. It can happen easier too if the altcoin in mention has a small marketcap. Be careful out there it is a dangerous game we are playing

ladydark

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Bitcoin price is really difficult to manipulate as it has diversified users all over the world.Its difficult to co ordinate among them and take a same decision at once.Also,bitcoin's price is much higher.BCH is not widely spread among users and also,its price was very low making it easy to manipulate.

Lord of the Lies

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Quote from: allthingsluxury on November 14, 2017, 10:32:48 AM

Anything with a lower market cap is easier to manipulate. This is true too in the penny stock market. Enter with buy and sell limits and protect yourself. Otherwise sharks will be waiting to hose you.

exactly that.

i've traded listed stocks with smaller caps and penny stocks, and both get manipulated. it's not just in crypto.

djsugar

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If you are big BTC hodler, you can easily manipulate any altcoin in the market even bitcoin too at some extent but you can't maintain the pump for longer as Bitcoin has large community and still more distributed than other cryptocurrencies. Price is highly dependent upon demand. When you have the ability to put 10k BTC buy order in proper manner, pumping the price is way too easy. Exactly what we saw in BCH.

carlfebz2

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Quote from: Kakmakr on November 13, 2017, 04:33:54 AM

Something that became more evident this last week is that Alt coin price pumping/manipulation is MUCH easier than Bitcoin BTC. It only took Roger Ver and his shills a few days to super pump Bitcoin Cash with more than 100%. To have the same effect with BTC, you will have to get most of the BTC whales to act together and this is no easy task.

There are also more BTC exchanges to manipulate than Bitcoin Cash or Alt coin exchanges, so these Alt coin whales can concentrate their efforts for better results on only 1 or 2 exchanges where these coins are traded.

This is going to happen a lot more now, since this was such a huge success for these Pumpers, so be wary. Roll Eyes

This is not actually surprising since this is really happening since from the start on where trading do began. There would really be always a whale and shills and manipulations cant be avoided since they do have the capability to do so.The thing regarding on price manipulation on altcoin is really much simplier than on bitcoin itself. There are people who do hold lots of coins which they can easily move in and move out as long they do see an opportunity on making money.

tommyvt

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Everything can be manipulated so the bitcoin market will be no exception to that. It is not easy but just notice how the bitcoin price can go up and down when news is released. Investors, companies or whoever can publish fake news to influence the bitcoin market. Good news will increase the price of the bitcoin and negative news (like a country banning or taking measures against bitcoins) will result in a price drop... Also dumping a lot of bitcoins at the same time, or buy heaps can influence the market of course but you will need lots and lots of money before you can achieve that. So manipulating the market can be done but it is not always that easy Wink

Kemarit

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Quote from: Kakmakr on November 13, 2017, 04:33:54 AM

Something that became more evident this last week is that Alt coin price pumping/manipulation is MUCH easier than Bitcoin BTC. It only took Roger Ver and his shills a few days to super pump Bitcoin Cash with more than 100%. To have the same effect with BTC, you will have to get most of the BTC whales to act together and this is no easy task.

There are also more BTC exchanges to manipulate than Bitcoin Cash or Alt coin exchanges, so these Alt coin whales can concentrate their efforts for better results on only 1 or 2 exchanges where these coins are traded.

This is going to happen a lot more now, since this was such a huge success for these Pumpers, so be wary. Roll Eyes

Good observation. We have heard a lot of of this so called Pump and Dump around and its very evident in the last couple of days as Bitcoin Cash was really pumped so hard that the price doubled in what? less than a week? It was clearly Pump & Dump and we literally saw it into action. I also felt for newbies who have bought Bitcoin Cash when the price is $2000 because they are literally manipulated by people behind pumping the coins. As compare to bitcoin that has a lot of whales and its really hard to do a coordinated attack just like what Bitcoin Cash manipulators did in the last couple of days.

allthingsluxury

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Anything with a lower market cap is easier to manipulate. This is true too in the penny stock market. Enter with buy and sell limits and protect yourself. Otherwise sharks will be waiting to hose you.

gabmen

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Quote from: Kakmakr on November 13, 2017, 04:33:54 AM

Something that became more evident this last week is that Alt coin price pumping/manipulation is MUCH easier than Bitcoin BTC. It only took Roger Ver and his shills a few days to super pump Bitcoin Cash with more than 100%. To have the same effect with BTC, you will have to get most of the BTC whales to act together and this is no easy task.

There are also more BTC exchanges to manipulate than Bitcoin Cash or Alt coin exchanges, so these Alt coin whales can concentrate their efforts for better results on only 1 or 2 exchanges where these coins are traded.

This is going to happen a lot more now, since this was such a huge success for these Pumpers, so be wary. Roll Eyes

Sadly you're right. Its chaos this past weekend and many people gave in to panic and jumped wagon while things are running wild with bch. Seems we just have to learn to ride what these whales are cooking up

Kakmakr

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Something that became more evident this last week is that Alt coin price pumping/manipulation is MUCH easier than Bitcoin BTC. It only took Roger Ver and his shills a few days to super pump Bitcoin Cash with more than 100%. To have the same effect with BTC, you will have to get most of the BTC whales to act together and this is no easy task.

There are also more BTC exchanges to manipulate than Bitcoin Cash or Alt coin exchanges, so these Alt coin whales can concentrate their efforts for better results on only 1 or 2 exchanges where these coins are traded.

This is going to happen a lot more now, since this was such a huge success for these Pumpers, so be wary. Roll Eyes

Topic: Alt coin price manipulation is much easier than with BTC - page 3. (Read 1011 times)