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Topic: Bitcoin is a manipulated coin? - page 6. (Read 4691 times)

legendary
Activity: 3248
Merit: 1070
January 29, 2016, 03:41:51 AM
#31
it's so clear, but they are manipulating it not only for accumulation

i believe there are at least two kind of manipulation in bitcoin, one is for accumulation the other for pumping the value to face the halving

in those manipulation time you get some average joe getting in to try his luck or to become a trader...
legendary
Activity: 1176
Merit: 1011
January 29, 2016, 03:36:02 AM
#30
Everything that involves money and value is manipulated, including gold and Bitcoin. But unlike most fiat currencies, bitcoin manipulation cannot take place behind close curtains, at the exclusive will of a small banking elite.

So, the right answer should be: it's MUCH LESS manipulated that dollars and euros.
hero member
Activity: 826
Merit: 501
2local[IEO] - https://2local.io/
January 29, 2016, 03:24:39 AM
#29
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.
full member
Activity: 154
Merit: 100
January 29, 2016, 02:49:02 AM
#28
Why do you say manipulation? bitcoin is indeed a coin, right?

are you serious.  Grin

yes be it bitcoin or any other crypto coins, everything can be manipulated , take for example the recent price rise of alt coins  Grin , trade make money and move on if you really wanted to make something. or get some dough and take your profits Smiley
legendary
Activity: 1176
Merit: 1017
January 29, 2016, 02:41:03 AM
#27
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?  
full member
Activity: 481
Merit: 102
January 29, 2016, 02:31:03 AM
#26
we got answer  Huh  yes  Smiley
legendary
Activity: 1008
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
January 29, 2016, 02:12:59 AM
#25
Every coin is manipulated , its fairly easy to see when you see the amount of pump and dump that occur on a daily bases almost. Im not clued up on stocks and beleive market manipulation is illegal but im pretty sure even stocks have a fair share of market manipulation. thats just the way it is.
sr. member
Activity: 350
Merit: 251
Shit, did I leave the stove on?
January 29, 2016, 01:59:07 AM
#24
Is there a coin that is not manipulated in any way? I think all the altcoins are ultimately launched to generate a quick profit for their creators and the early adopters.
sr. member
Activity: 406
Merit: 252
January 29, 2016, 01:58:46 AM
#23
In what sense are you asking that heh?

In the sense that miners have to download an update even for a soft-fork, no.
In the sense that hash power can create a hard fork, yes.

In my opinion with a soft-fork, you don't have to download an update. This means that the network could still dismiss it and not run the new code as it's backwards compatible. I suppose it's even possible to force some rethinking there, so yes in that sense but no in forcing. And HF will be a forced update so users will have to update to be compatible, in this sense users are being forced which i think constitutes for manipulation, utilizing hashing power to "democratically" enforce it. But sure there could be different answers, I am not going to force that.

Let me rephrase actually, both are manipulation in some sense.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
January 29, 2016, 01:14:49 AM
#22
Perhaps bitcoin is manipulated in one way or another, but honestly I believe it's still more free than most commodities. Just look at oil at the moment, OPEC manipulated it for decades and look it's still tumbling now. There are a lot of factors but that's the idea.
legendary
Activity: 4424
Merit: 4794
January 29, 2016, 01:11:42 AM
#21
if by manipulated, you are talking about its price then i believe it is manipulated but not 100%

the bitcoin market as we have seen before in cases like mtgox has been manipulated and today is no different, it might be less but it still exists.

mtgox was very manipulated. there was a special bot made by MTgox themselves that read peoples orders, delayed trades so that the bot would have an advantage ahead of other traders..

this time it doesnt feel like bot/internal trading.. but more so lack of resistance when speculation sparks.. due to lack of holdings/order sizes
legendary
Activity: 1162
Merit: 1000
January 29, 2016, 01:10:34 AM
#20
Why do you say manipulation? bitcoin is indeed a coin, right?
legendary
Activity: 3472
Merit: 10611
January 29, 2016, 01:00:56 AM
#19
if by manipulated, you are talking about its price then i believe it is manipulated but not 100%

the bitcoin market as we have seen before in cases like mtgox has been manipulated and today is no different, it might be less but it still exists.
legendary
Activity: 4424
Merit: 4794
January 29, 2016, 12:52:42 AM
#18
not exactly manipulated, just more fragile.... as theres no longer orders of 2000-5000 coins per order line to create resistance.
exchanges are not hoarding 1m coins of customers funds anymore..

now most order lines are decimals to 100 coins at most.
and most exchanges probably hold 10k-100k of customers funds at most

so whales have it easy to eat up orders compared to 2 years ago..

its what happens when people lose trust in exchanges and people stop trading on them,
its what happens when the price is not $2-$3 or $80-$90 where it was a healthier risk to throw more coins at an order without caring.. but not so much now

so there is less coin on the markets to stabilize the price when someone buys or sells more than average

seems the price started going down when forbes released this
http://www.forbes.com/sites/kellyphillipserb/2016/01/28/legislature-says-no-to-bitcoin-tax-payments/#1bc38088b6ad
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
January 29, 2016, 12:46:38 AM
#17
Tell me what other commodity or currency are not being manipulated in some way, and I will feel guilty about the manipulation that takes place in Bitcoin. You have whales in most sectors of the economy and they will shift their weight and manipulate the commodities in a way that suite their investment portfolio.

I know of maize farmers who keep maize back from the markets to influence the price, until they are ready to sell. No matter if there are droughts or food shortages, they still do it.  
hero member
Activity: 700
Merit: 500
morir es descansar
January 29, 2016, 12:30:05 AM
#16
The answer is yes and it is very obvious and also hearn showed and revealed it, dont forget why we stuck within the range of $392 - $370 it is because of what he did.
legendary
Activity: 1190
Merit: 1002
January 29, 2016, 12:19:57 AM
#15
Yes Bitcoin is Manipulated coin, like what all said, the coin in the market is less so if any big players suddenly start a atleast 25% share of market for buying we can see the price roaring up very soon and same time if anyone just dump sell the bitcoin in market rate their we can see the panic selling, so when anything is happening like this that means it is manipulated coin. and Most of the Crypto coins are priced in conversion of Bitcoins so they are also getting affected by the fluctuation of Bitcoins.
legendary
Activity: 3416
Merit: 1225
Enjoy 500% bonus + 70 FS
January 29, 2016, 12:00:28 AM
#14
It's a sad state but yes bitcoin can be manipulated,just like in the real world,those who have more had a big share and had what to say about the state of bitcoin,but as long as they are there to protect every body's interest we are ok it;s just the way it is
legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
January 28, 2016, 11:53:31 PM
#13
To an extent, Yes. That's why only few people from the so called "Whale Club" is needed to significantly change and affect it's value but that's it and it stops there and not all the way from it's root so not totally manipulation could be done.
hero member
Activity: 616
Merit: 500
1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr
January 28, 2016, 11:38:29 PM
#12
Not just Bitcoin but almost everything is manipulated by some degree. Bitcoin is still small and trade is not under harsh regulations so it is relatively easy to manipulate but as it grows that would be more and more expensive to do.
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