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Topic: Bitcoin is a manipulated coin? - page 3. (Read 4691 times)

legendary
Activity: 1400
Merit: 1001
January 30, 2016, 07:01:11 AM
#90
What do you mean by being manipulated? There is no way that any economic asset is NOT being manipulated in this day and age.
Every currency is manipulated whether you are talking about FIAT money or cryptocurrency. With FIAT government and central bank are controlling money by quantitative easing.
And in crypto world we have whales who own huge percent of bitcoin and therefore can effectively manipulate its price.
full member
Activity: 185
Merit: 100
https://BoostCrypto.com - Earn 250% in 200 Hours
January 30, 2016, 06:48:13 AM
#89
Vote guys  Cool

price could be manipulated but bitcoin itself I have a strong doubt about it...
even the "code" is free and every one could "manipulate"... every one means = no one Wink
full member
Activity: 168
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
January 30, 2016, 06:43:54 AM
#88
What qualifies as manipulated and what qualifies as 'free market'? Or are they the same thing? I think we are at the mercy of a small number of people but that's the same as a ton of other markets too.

Exactly - in a way BTC is a replica of the real world; I've read here somewhere that something like the wealth of the first 60 richest people in the world is equal to the rest of the money held by all other people in the world. Makes you think.


Yes indeed. That is the extent of the manipulation in the world. BTC is just a part of it.
Bitcoins is a manipulated coin and people are doing business from the same theory. Wherever there is a gain we must adopt it, no need to think about too much. If its giving benefits then we must say its a real money for us.
legendary
Activity: 1946
Merit: 1137
January 30, 2016, 06:12:53 AM
#87
Of course we all just love this kind of manipulations..
If all this madness stops we will use bitcoin like money but never more like investment..
But when will stop? I think never. Roll Eyes

of course we all love the manipulations as long as we are on the winning side and not watching our investment go cheaper and cheaper. you would curse manipulators if you lose a cent, just look at altcoin section and you'll see.

also about the stop part, i gotta say i believe that it is going to get better eventually and the huge rise/falls are going to become small changes in the market.
hero member
Activity: 560
Merit: 500
January 30, 2016, 05:43:51 AM
#86
Of course we all just love this kind of manipulations..
If all this madness stops we will use bitcoin like money but never more like investment..
But when will stop? I think never. Roll Eyes
legendary
Activity: 2380
Merit: 1026
January 30, 2016, 02:58:35 AM
#85
Problem in manipulation are those stupid journalist that can trigger crash with negativity in their columns. And every crash follows again fast pump. Average person who don't like to trade also don't like volatility of btc. This cousing slowering adopion..
https://btcvol.info
hero member
Activity: 700
Merit: 500
morir es descansar
January 29, 2016, 09:02:34 PM
#84
Manipulated, are you reffering to the price of bitcoin or the usage?

The price for sure due to up and down changes recently and was happened too fast
full member
Activity: 210
Merit: 100
January 29, 2016, 08:36:34 PM
#83
Manipulated, are you reffering to the price of bitcoin or the usage?
full member
Activity: 481
Merit: 102
January 29, 2016, 08:06:03 PM
#82
What qualifies as manipulated and what qualifies as 'free market'? Or are they the same thing? I think we are at the mercy of a small number of people but that's the same as a ton of other markets too.

Exactly - in a way BTC is a replica of the real world; I've read here somewhere that something like the wealth of the first 60 richest people in the world is equal to the rest of the money held by all other people in the world. Makes you think.


Yes indeed. That is the extent of the manipulation in the world. BTC is just a part of it.
sr. member
Activity: 378
Merit: 250
January 29, 2016, 07:57:23 PM
#81
What qualifies as manipulated and what qualifies as 'free market'? Or are they the same thing? I think we are at the mercy of a small number of people but that's the same as a ton of other markets too.

Exactly - in a way BTC is a replica of the real world; I've read here somewhere that something like the wealth of the first 60 richest people in the world is equal to the rest of the money held by all other people in the world. Makes you think.
legendary
Activity: 1288
Merit: 1087
January 29, 2016, 07:50:45 PM
#80
What qualifies as manipulated and what qualifies as 'free market'? Or are they the same thing? I think we are at the mercy of a small number of people but that's the same as a ton of other markets too.
full member
Activity: 481
Merit: 102
January 29, 2016, 07:41:44 PM
#79
Every currency, fiat or crypto and every commodity is manipulated to one degree or another.

The us government even has a special organization to manipulate fiat. its called the CENTRAL BANK.

Decentralization is relative. More decentralization = less manipulation.
yeah, I acknowledge all that has a value price. have fluctuations and can be manipulated.
but it is difficult to manipulate fiat I think.
in contrast to bitcoin, no regulation and bitcoin is decentralized, so nothing is set bitcoin
This is easier to manipulate the price

Bitcoin is smaller market cap (MKP)
hero member
Activity: 1106
Merit: 520
Aleph.im
January 29, 2016, 07:37:39 PM
#78
Of course it is a manipulated coin but the more it is getting popular the more it is chaotic and hard to manipulate...
hero member
Activity: 658
Merit: 500
January 29, 2016, 07:27:59 PM
#77
Every currency, fiat or crypto and every commodity is manipulated to one degree or another.

The us government even has a special organization to manipulate fiat. its called the CENTRAL BANK.

Decentralization is relative. More decentralization = less manipulation.
yeah, I acknowledge all that has a value price. have fluctuations and can be manipulated.
but it is difficult to manipulate fiat I think.
in contrast to bitcoin, no regulation and bitcoin is decentralized, so nothing is set bitcoin
This is easier to manipulate the price
full member
Activity: 481
Merit: 102
January 29, 2016, 07:24:54 PM
#76
Quite sure it is manipulated coin so 80% can agree  Roll Eyes
hero member
Activity: 700
Merit: 500
January 29, 2016, 06:25:10 PM
#75
Vote guys  Cool
Every currency is manipulated imo. Bitcoin is no difference.

Did you make that post just to troll me? I just posted that everyone knows every currency is manipulated.

Of course it's manipulated. How else would things go on? All coins are manipulated. Even fiat.
We are pretty much just repeating each other now. We get that all coins are manipulated. So stop saying that.
sr. member
Activity: 336
Merit: 250
January 29, 2016, 06:21:59 PM
#74
Vote guys  Cool
Every currency is manipulated imo. Bitcoin is no difference.
hero member
Activity: 700
Merit: 500
January 29, 2016, 06:19:40 PM
#73
Of course it's manipulated. How else would things go on? All coins are manipulated. Even fiat.
We are pretty much just repeating each other now. We get that all coins are manipulated. So stop saying that.
legendary
Activity: 1470
Merit: 1001
January 29, 2016, 05:36:13 PM
#72
In my opinion all is manipulated, gold, fiat currencies and cryptocoins. Central banks manipulate fiat, big inversors and central banks manipulate gold, and bitcoin users with big amounts of bitcoins can manipulate bitcoin price. If bitcoin grows its base of users (inversors) could be less manipulate.
legendary
Activity: 1316
Merit: 1004
January 29, 2016, 05:29:16 PM
#71
Unfortunatelly I'll have to agree. Yes Bitcoin is a manipulated coin. it is manipulated by a small group of Devs and a small group of traders.
Bitcoin is becoming centralized and we will need a new coin that can be truly decentralized.

I've been actually reading some stuff on the altcoin section where there is a coin (aeon) who's core dev (Smooth) is implementing a type of "ASIC resistant" mining technique that lowers the possibility of centralization... It's called "smart mining" and it allows any type of low powered computer, whether it's a laptop or even possibly a phone can start mining and only is "turned on" when connected to a power source.  But essentially it lowers the hash to such a level that's automatically determined to not burn up/ruin the computer your running the smart mining OS on, or won't drain an insane amount of electricity/energy.

This will allow anyone to be able to start mining, whether it will get you anything out of it or not.  I really haven't looked more into it, but it sounds like a really cool idea to me; because the level of centralization and barrier to enter the mining space is a real problem that should be addressed by bitcoin devs.
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