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Topic: Bitcoin Being Manipulated (Read 1310 times)

hero member
Activity: 798
Merit: 500
October 24, 2017, 12:05:26 PM
#90
lol. good thinking but I just say a few bitcoin users too, of course, do not need to panic with china news forbid and whatever it is, hold your bitcoin in your bag, you will see useful bitcoin in the future Smiley

I strongly agree with what you are talking about, do not ever waste your Bitcoin, just for the reason China forbids Bitcoin, because Bitcoin is not in one country, there are still many communities and big investors who miss Bitcoin to be taller in this. so no need to worry about what people are saying about Bitcoin.
hero member
Activity: 658
Merit: 500
October 24, 2017, 11:32:16 AM
#89
I thought about the same thing, bitcoin is just like the stock market where they can buy great amounts of stocks and sell them back if they think they earned enough benefits. But I never thought about a user in a large country that can manipulate bitcoin’s value until as much as today.
member
Activity: 378
Merit: 11
October 19, 2017, 04:31:54 AM
#88
May be you should do a better research before you say something........ Bitcoin is a decentralized instrument for the 21st century...
full member
Activity: 322
Merit: 100
October 19, 2017, 04:03:04 AM
#87
Because Bitcon's marketcap is so small, given the fact that bitcoin is a currency capable of cross-border transactions seamlessly comparing to a fiat currency with trillions in market cap. So while we're still in the billion dollar club price swings are going to happen. And while we're increasing in marketcap it grows stable.
hero member
Activity: 966
Merit: 501
October 19, 2017, 03:33:07 AM
#86
lol. good thinking but I just say a few bitcoin users too, of course, do not need to panic with china news forbid and whatever it is, hold your bitcoin in your bag, you will see useful bitcoin in the future Smiley


any threats to bitcoin will not have any impact,, even if there is only a temporary and will not affect a large number,, as any bitcoin price drops,, it will only be reflected temporarily as it will enter many large whales that will re-energize the price so that it bounces off,, and some big companies that adopt bitcoin help bitcoin aggar still exist and without servant...
hero member
Activity: 887
Merit: 516
Bitcoin OG
October 19, 2017, 03:18:10 AM
#85

It's been done with oil, gold, cash, stocks, foreign exchange and cryptocurrency. It's not a new revelation or anything in fact many early adopters predicted it and warned new users about how to navigate through things such as this.
legendary
Activity: 2464
Merit: 1039
Bitcoin Trader
October 19, 2017, 02:59:23 AM
#84
lol. good thinking but I just say a few bitcoin users too, of course, do not need to panic with china news forbid and whatever it is, hold your bitcoin in your bag, you will see useful bitcoin in the future Smiley
member
Activity: 73
Merit: 10
October 19, 2017, 02:46:01 AM
#83
Holding never affects the price of anything. If there is a day, when billion people own something but only one sell and one other byus, those two will create the price.

Holding definitely affects the market. Holding basically means that the coins are being kept away from circulation, and thus off the market. The more people end up holding, the lower the number of circulating coins will be, and that will reflect on the market. If no one was holding their coins, everything would eventually end up flowing back into the market, which would then result in a situation where there is far more supply than actual demand. If we look in general, the number of on-exchange coins has only been going down throughout the years, and this is something that will continue to happen. It's a slow process, but it has definitely had a major impact on the market.

If you think the opposite of holding is selling on the market (simultaneously), only then you are right. You could also think that opposite of holding is ...
1) Using bitcoins to buy commodities. That would not have negative impact to the price of bitcoin.
2) Not have bought bitcoins at the first place. That is the most common behavior among humans, and doesn't affect the price unless they are some celebrities talking publicly about it.
3) Short-selling and yes, that would have a negative impact.
full member
Activity: 196
Merit: 109
October 18, 2017, 11:18:09 PM
#82
Bitcoin is meant to be centralized. This will lead to more concentrated chips, so I think this is just a temporary thing. It shouldn't take long, most countries will abolish the supervision, who will cancel at the end, who will suffer the biggest loss.
Hi kiboloves,
care to elaborate?
"meant to be centralized"?
Are you referring to the incoming forks?
legendary
Activity: 1232
Merit: 1091
October 18, 2017, 06:01:14 PM
#81
Holding never affects the price of anything. If there is a day, when billion people own something but only one sell and one other byus, those two will create the price.

Holding definitely affects the market. Holding basically means that the coins are being kept away from circulation, and thus off the market. The more people end up holding, the lower the number of circulating coins will be, and that will reflect on the market. If no one was holding their coins, everything would eventually end up flowing back into the market, which would then result in a situation where there is far more supply than actual demand. If we look in general, the number of on-exchange coins has only been going down throughout the years, and this is something that will continue to happen. It's a slow process, but it has definitely had a major impact on the market.
newbie
Activity: 55
Merit: 0
October 18, 2017, 05:29:44 PM
#80
Actual manipulation is a pretty high bar to accomplish, I suppose it might have been a lot easier years ago when Bitcoin's market cap was so small, but when I think of manipulation I think of something like the Hunt brothers' attempt to corner the silver market from 1974 to 1980...a fascinating story.
full member
Activity: 196
Merit: 100
October 18, 2017, 05:24:19 PM
#79
I too believe Bitcoin is being manipulated.  This is unfortunate.  It is to be expected.  This technology is less than 10 years old and has a market cap of nearly 100 billion worth of usd.  That is a large amount of money.  Money makes people greedy and uncivilized.

In time regulation will come and limit the amount the market can be manipulated.  I believe this.
full member
Activity: 406
Merit: 102
October 18, 2017, 05:11:39 PM
#78
Hello y'all, I recently noticed something about Bitcoin, it seems that the countries that have more users of the crypto are manipulating the currency behind the scene. Forget the issue of it being demand and supply. Take a look at when China brought up a regulation on bitcoin in the country, the price of bitcoin dropped rapidly, so that the rich elites can buy much of the currency during that period since the price is now lower.

This is what am guessing though and I shouldn't be criticised since we're in a free world in which nothing is free. Grin Grin Grin

Just thinking aloud, since you know all this, why didn't you also buy in into the dip since the information of the dip is for everybody and not that its applicable to only some people to see before it then circulate to the general populace. Sometimes, I wonder how we see opportunities right in front of us decide to avoid it and then come about saying some people behind the scene. Are you in front of the scene?
This is something indescribable information. Why is China involved in here? I guess you are referring China as a real example of what manipulation is about with bitcoin. I can see no difference even without China if they really manipulate bitcoin there should be many rukes indicated with it or the system has broken. What scene are talking about? It should be the people to see before their eyes how bitcoin slowly creates a big scene in the world and that is by helping one another. The manipulation issue won't happen. We can't manipulate bitcoin either.
We can't deny the fact that China has a greater impact of the price in Bitcoin because mostly of the Whales are from China. People can't think other reason to blame if there's a manipulation in here but i guess they were just looking at the front they aren't looking at the top to see what is really happening. The internet is there for you to search everything internet gives you almost the free knowledge that you wanted to know. All you have to do is use your brain and a little common sense.
Yes but i think it was possible in future, in current postion the users of bitcoin are increasing throughout the world therefore i think now it has become too much difficutl fot a single person or even for a group of people to manipulate the price of bitcoin, becasue of the increasing number of bitcoin investors. Now we can expect that bitcoin will be trading in its origional status and there will be no manipulation anymore.

Yes I agree about the increasing users and yes before we all have thought that China manipulated the price of bitcoin. But I have also realised that maybe it's not China, the FUD spread out and a lot of people got scared and feared it and led to panic selling. I don't know about you guys but I think the big dip was not just by China, I think it will not be that of a big deal if it wasn't for those who have panic also.
member
Activity: 73
Merit: 10
October 18, 2017, 01:28:39 PM
#77
I think yes. Because many large company, country and investor can do the manipulation to their own favor but in reality they hard to manipulate bitcoin because many user are now engage in bitcoin and they hold it even in a small amount of it. Bitcoin now are spreading and it is difficult to control.

Holding never affects the price of anything. If there is a day, when billion people own something but only one sell and one other byus, those two will create the price.
member
Activity: 242
Merit: 10
October 18, 2017, 07:50:36 AM
#76
Bitcoin is meant to be centralized. This will lead to more concentrated chips, so I think this is just a temporary thing. It shouldn't take long, most countries will abolish the supervision, who will cancel at the end, who will suffer the biggest loss.
full member
Activity: 476
Merit: 102
October 18, 2017, 07:48:22 AM
#75
I think yes. Because many large company, country and investor can do the manipulation to their own favor but in reality they hard to manipulate bitcoin because many user are now engage in bitcoin and they hold it even in a small amount of it. Bitcoin now are spreading and it is difficult to control.
member
Activity: 95
Merit: 10
October 18, 2017, 07:39:37 AM
#74
Yes bitcoin can manipulated!
In fact most exchanges have a maximum of investment, and if a person/company/country uses the maximum for trading on these exchanges they can manipulate the price easy... u can see this on the charts with the very thin candles, which lasts for 1-2 minutes. So they make a lot of money right now. Only change for a small investor is, to  regularly set new buy and sell orders in their exchanges. My friend got lucky and made some insane profits with this strategy, but he only invested 5% of is total amount.

If they world join into cryptocurrency and those exchanges growth in value it will be very difficult for whales to manipulate the market. Or the have to risk billion or trillion.
newbie
Activity: 37
Merit: 0
October 18, 2017, 07:39:15 AM
#73
It's also a function of BTC being held by a (relatively) small number of people. Also whales are hoarding majority of BTC so it makes the currency susceptible to manipulation. Over time as more ppl/institutions buy in this problem goes away...
copper member
Activity: 658
Merit: 500
Blockchain Just Entered The Real World
October 18, 2017, 07:34:23 AM
#72
There will always be someone trying to manipulate something in their favour. The truth however is that as Bitcoin gets more and more users this will become more and more difficult.
hero member
Activity: 484
Merit: 500
October 18, 2017, 07:31:22 AM
#71

A subtle remark about the free world. I agree to the full 100%. Yes, the exchange rate can be manipulated and this is well used by large investors. They buy news media and TV and tell interesting but false things about bitcoins and crypto-currencies. On such news, they buy or sell crypto-loans for themselves.
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