Bitcoin is a manipulated coin? - page 5.

greBit

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Quote from: mayax on January 29, 2016, 11:17:04 AM

Quote from: CuntChocula on January 29, 2016, 09:47:37 AM

Quote from: Quantus on January 29, 2016, 09:16:57 AM

... The lack of faith in these companies makes it very hard to go long on bitcoin. ...

There's Gemini -- fully regulated, US-based & backed by big bux Undecided

regulation brings a lot of things like strong AML, verifications, etc. The most Bitcoin traders prefers to stay away of this thing.

Also, Gemini is used by americans only.

That's the fact because regulation is important for everyone because its the set of algorithms which is created to keep us secure.

davinchi

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Quote from: btckold24 on January 28, 2016, 10:24:11 PM

it definitely is manipulated.

All it takes is a few guy who own a ton of it to sell / buy more at the same time
for it to move a bunch. Then people get spooked and it causes panic selling by others.

Just as what happened with Gemini exchange? It happens so many times on these exchange websites when users open "buy" orders with a higher price and that results in the exchanges setting the bitcoin price higher.
However, this manipulation does help the prices to change atleast else the price would be stable.

ABCbits

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Bitcoin network/system is decentralized, so it's can't be manipulated.
But, mining domination, few full nodes & hard fork could make bitcoin "centralized"

Also, bitcoin price can be manipulated by early adopters, whale or chinise traders Roll Eyes

johnyj

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Similar to the way that central banks manipulate the exchange rate of their currency

maokoto

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Quote from: MicroGuy on January 28, 2016, 09:48:44 PM

Quote from: abs350 on January 28, 2016, 09:45:29 PM

Vote guys

It's manipulated, yes. But how deep do the strings of control and manipulation stretch? Do they reach all the way into Bitcoin's core?

Let's see how well this new BIP102 is received and we'll have our answer!

~~

Agree. I think it is manipulable. Just see how the opinion of one rather important person can affect the price. However it is not completely manipulated and more users would likely mean harder to manipulate.

erikalui

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Exchange websites determine the price of bitcoins but rarely do they have significant changes unless there is some speculation related to bitcoins. Bitcoins are definitely manipulated but same is the case with forex and stock market as well where the demand and supply decides the price of shares.

mayax

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Quote from: CuntChocula on January 29, 2016, 09:47:37 AM

Quote from: Quantus on January 29, 2016, 09:16:57 AM

... The lack of faith in these companies makes it very hard to go long on bitcoin. ...

There's Gemini -- fully regulated, US-based & backed by big bux Undecided

regulation brings a lot of things like strong AML, verifications, etc. The most Bitcoin traders prefers to stay away of this thing.

Also, Gemini is used by americans only.

CuntChocula

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Quote from: Quantus on January 29, 2016, 09:16:57 AM

... The lack of faith in these companies makes it very hard to go long on bitcoin. ...

There's Gemini -- fully regulated, US-based & backed by big bux Undecided

Quantus

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Liquidity on all the exchanges is paper thin, the reason its paper thin is because no one trusts the exchanges enough to keep large sums of cash/bitcoin on them for very long. If you want stability you need long standing buy and sell orders on both sides of the moving price but all we appear to have is day traders. The lack of faith in these companies makes it very hard to go long on bitcoin. But is the price being manipulated? Well I would say yes, of course it is, it should be obvious, for instance every time the FBI was about to sell a large sum of seized Bitcoins from the Silk_Road the price would jump up right before the sell then fall back down again after. This happened three times that I'm aware of. Now if someone was about to flood the market with a shitload of bitcoin the price should fall but it went up all three times.

CuntChocula

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Quote from: tommygunyeah on January 29, 2016, 08:12:21 AM

Quote from: MicroGuy on January 28, 2016, 09:48:44 PM

Quote from: abs350 on January 28, 2016, 09:45:29 PM

Vote guys

It's manipulated, yes. But how deep do the strings of control and manipulation stretch? Do they reach all the way into Bitcoin's core?

Let's see how well this new BIP102 is received and we'll have our answer!

~~

If the manipulation reached the core, we would see much more deeper pump&dump movements. It's possible to manipulate it, sure. But this manipulation, because the market size is already bit, is not that powerful.

Exactly. So much fear-mongering. I ask you my friends, what is market manipulation if not the glorious workings of the Invisible Hand?

ikydesu

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Quote from: jerowacik on January 29, 2016, 01:10:34 AM

Why do you say manipulation? bitcoin is indeed a coin, right?

You right, bitcoin is coin, it's means digital currency. But what OP means is the price Grin

and I think it's indeed manipulated, there are some group of whales who have greedy passion. And the price is will not stable as other currency always volatile if there are big news about bitcoin.

tommygunyeah

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Quote from: MicroGuy on January 28, 2016, 09:48:44 PM

Quote from: abs350 on January 28, 2016, 09:45:29 PM

Vote guys

It's manipulated, yes. But how deep do the strings of control and manipulation stretch? Do they reach all the way into Bitcoin's core?

Let's see how well this new BIP102 is received and we'll have our answer!

~~

If the manipulation reached the core, we would see much more deeper pump&dump movements. It's possible to manipulate it, sure. But this manipulation, because the market size is already bit, is not that powerful.

Dekker3D

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Yes a manipulated by the rich who needs the poor to buy what they're selling and buy the negative news to bring the price down so later on the rich can expand their holdings.

MedaR

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Quote from: DeathAngel on January 29, 2016, 07:43:05 AM

Idle, mindless thread. Silly FUD.

/Thread

And how can your inline post contribute to this topic?
This is actually a good topic, and for those who don't like, they don't need to participate.

randy8777

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you should change the title into 'is the bitcoin price being manipulated?' most people (me included) think the bitcoin price is being manipulated heavily.

DeathAngel

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Idle, mindless thread. Silly FUD.

/Thread

MedaR

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Where you have money you will have manipulation this is nature of this game!
Bitcoin is just in his early days and is heavily manipulated on every exchanges.
But relax and enjoy this can also make you money..

romero121

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Quote from: nonbody on January 29, 2016, 03:24:39 AM

Quote from: cjmoles on January 29, 2016, 02:41:03 AM

Every exchangeable asset is manipulated to some degree. It's all part of the game. The more important question in my mind would be: How much is bitcoin manipulated and by who or what organization?

I think you will never know the answer except you have inside infomation. As the adoption rate is increasing, more ppl arebinvolved at it, the chance of being manipulated is becoming lower.

What you said is the later part. Initially it worked manually. These days we say the technology development is moving bitcoin but ion one ore more way the technology is manipulated which needs to be agreed

~Bitcoin~

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Quote from: ?? on ??

I thought the whole idea of bitcoin was that it is decentralised, so if its manipulated then well its a bit crap

Yes bitcoin is decentralized one but manipulation will be always there in every trading assets like gold and silver. Their manipulation doesn't have huge effect like it have when bitcoin get manipulated because bitcoin is not well distributed throughout the large worldwide audience or traders.

But this whole world economy is always manipulated by the billionaire.

Za1n

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Unless you enter into a sensory deprivation unit for a period of time, everything you encounter on a daily basis is manipulated to some degree. Even when you sleep your dreams are influenced by what you did in your waking state. To live is to be manipulated, this could be for good or bad, but it is the essence of our existence.

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