Topic: Altcoins price can be manipulate? - page 3. (Read 4992 times)

I strongly disagree that Altcoins price can be manipulate, because fluctuation of coins in the market were depend to the increasing and decreasing of other Altcoins.

Are some exchanges more prone to being manipulated than others? As a newbie I have burned my fingers on Yobit and I would not like to repeat the experience.

I think we have to make some distinctions here. First, any coin price can be manipulated on some specific trading website. For example, ethereum went etremely down on Kraken a couple of days ago, whereas the price on coinmarketcap was $90+. Let's call it a local manipulation and leave it aside, for I think what the OP was asking about is a global manipulation. The latter means that the price really changes on coinmarketcap, poloniex and other trustworthy websites. These manipulations can be performed basically by anyone having nice sum of money if the coin's marketcap is really small (so, one can just buy the hell lot of coins or vice versa thus creating an illusion that the demand is really growing or going down). Another thing is that some alts are sort of backed up by big companies. For example, bts. I think eth can also be manipulated a bit. So, this is how it gets done.
But as the coin becomes more popular and marketcap grows, it becomes nearly impossible to control the price even if it was possible before.
So, bitcoin IMO is nowadays not under anyone's specific control whereas we can never be sure of same things about altcoins.

Have anyone aleready assisted to the listing of a new coin in an exchange ?
Haven't you noticed the first orders ? They are really huge and probably fake. This is the first manipulation made by the exchanges, why don't they simply release the new pair and let the users sell and buy at the price they want ?

Then you have the other manipulations, and it doesn't requires any kind of DDOS to be done, simple database manipulation is enough to pump or dump a coin.

Small volume transaction daily or even the small market cap are the only basis in able to manipulate the price. As long as the coin has a lot supporter then it was very hard to manipulate it unless you hold 50% of the total supply during the ICO then you can able to manipulate it but if you just acquired a piece of it then dump it, There is no chance to manipulate the price since there a lot of traders watching for the price behavior of all coins.

Yea, especially the new altcoins and small volume transaction daily, but for the old altcoins that has large of marketcap
will be difficult for be manipulated by bagholder,
the altcoins that can be manipulated are dangerous for investments into there, it can be scam altcoins will be good for choose
the altcoins that has large capitalization marketcap.

I think people should be left alone to buy or sell anything that they like and not influenced by others.. too many trolls here, spoiling the market.. Don't feel like even looking at certain coins, all because of the trolls ..very sad.

If the bitcoin price is manipulated it is clearly an offense, because the price does not match the market price

How are these returns not interesting?
It might be a little late to join the party but in general there's nothing wrong with cashing in on a pump.

Forex works the same way just with smaller swings and the manipulator is the central bank not a random dude with some btc holdings somewhere but that actually doesn't make a difference in the end of the day.
Stockmarkets are pumps and dumps too; just on a multi-decade window instead of fast window like in alts.
I think it's rather intersting for its humongous volatility.

There isn't a single market in the whole world that's not pump and dump to some degree. They all are. Big holders always want to drive up the price; that's just human nature.


Your ordinary trading can affect the market too so depending on your definition of manipulation your ordinary trading could be called manipulation too. Let's say you own 1000$ of a very small coin and you sell in one go. Price drops for 10% because of your selling. Have you manipulated the price now?

If you want to make money on pumps you need to enter early and exit in profit. Don't join late!
 
Morality has no place in trading, at least not directly in the action. Markets are battlefields, once you join the battle you can't think about morality. Just avoid unethical coins, there is a lot of them. But trading a pump on a ethically good coin i see nothing wrong with that. Just don't support scams, support the good coins instead.
Price goes up a lot and comes down a lot; that's normal. Get used to it and avoid holding the bag when it comes down.

That being said; altcoins still react to news of course. Not always but in some situations they do. Good and bad news can still affect the market.

Actually rigging a market can not be done 100% all the time unless the whale owns 99% of the coins. Manipulation of a market can cost a whale big money too; it's not without risk for them.

Yes, alt coins can be manipulated, specially if their daily volume is small. That is why you see sometimes a coin jumping 100%-500% in a day.

JP Morgan was a financial genius he tried to corner almost any market in which he was in, he was successful in the railroads but failed miserably when he tried to do the same in the sea and the sinking of the RMS Titanic proved to be fatal to his business at the sea.

They can be manipulated just like any market. JP Morgan made his bones cornering the silver market once upon a time, altcoins are just the latest and greatest variant on one of the oldest games in finance.

It depends what we mean by manipulation, since something like stocks also move with good and bad news, so it is not surprising that something like crypto currencies are affected by such news in fact is the most natural thing in the world.

Yes the altcoins price can be manipulate especially the new altcoins on announcement section,
because it is new coins and needs pump and dump to take investors (traders) but for the altcoins that has large capitalization of price, it will be difficult because of the developers of coins and bag holder must has large of money to di it, the old altcoins move the the price by good news or bad news too.

Sure why not? If the hugest markets in the world like Forex and Stocks are manipulated, I don't see why altcoins can't and wouldn't already be. In fact, it would be so much easier to manipulate these small markets compared to the global markets or even something like BTC at $20b market cap.

You are correct, but someone trying to pull such a move must be careful of not trapping himself in the maneuver, if you buy a lot of an altcoin to make the price grow but everyone wants to get out you are going to be the one that holds the bag at the end.

yes , i think ,, i think price can be manipulate with two reason ,, one , from devepoler self . and two from people or grup have a lot of money with buy more coin ..

My point exactly, if a popular product is in the hands of a person or only a group of people then they alone can think of a price for all the customers and sell it at the price which they want rather than the value of that product. Same is happening in case of altcoins too.

Agree?! For the sake of the uninitiated, I don't. But it can't be helped, unless you take away free markets. Even with extreme oversight, manipulators will always find ways.

Lesson for noobs, study markets, market dynamics, structures and all first before risking any serious capital. Knowledge is key.

Look up Darkcoin before it became Dash perfect example of Manipulation at its finest