bitcoin is controlled - page 2. | Bitcointalksearch.org

Artem Sereda

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Quote from: avikz on March 14, 2023, 02:00:35 AM

Quote from: BADecker on March 13, 2023, 06:08:47 PM

Since most of the major altcoins move up or down at the same time as bitcoin, aren't they all controlled? How does it work?
Cool

Not controlled, I would say the crypto market is influenced by bitcoin. Bitcoin enjoys the perks of being the biggest and oldest crypto. But the crypto market is not entirely influenced by bitcoin. There are multiple coins in the market which shows a contradicting pricing pattern. But when it comes to other big cryptos, they are usually a follower of the pricing trend of bitcoin. But they are not controlled in any way!

I would say that they are very susceptible to many factors. And this allows its price to be manipulated.

nicolas1979

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Quote from: BADecker on March 13, 2023, 06:08:47 PM

Since most of the major altcoins move up or down at the same time as bitcoin, aren't they all controlled? How does it work?

Cool

Yes, if we monitor market movements, almost all altcoins follow the bitcoin chart. But we also have to monitor the charts of coins that have died on the exchange. If the chart also turns green but there is no change in orders, it means that the chart is only affected by Bitcoin, because there are orders for these coins in the form of BTC.

Apocollapse

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Quote from: Bay_Harbour_Butcher on March 16, 2023, 02:16:37 PM

controlling the ups and downs of the bitcoin price sounds very difficult but that doesn't mean it's impossible, for example war, the covid-19 pandemic and the movement of world economic flows also greatly affect the fluctuation of the bitcoin price, but in my opinion something bigger than that is the influence of media news which can be controlled by people who are very powerful, and of course it would be very easy to control the price of bitcoin if that could happen

If Bitcoin can be controlled, the person behind it already become rich since he has a way to control the Bitcoin price on the exact price, not to mention he's will be 100% correct about Bitcoin price guess contest. Who's the people who are very powerful? none, Elon Musk didn't even can control the Bitcoin price though he has a lot money.

What you're talking above is those people, article, news and economy condition could influence Bitcoin price, not to control Bitcoin price.

borovichok

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Quote from: Bay_Harbour_Butcher on March 16, 2023, 02:16:37 PM

controlling the ups and downs of the bitcoin price sounds very difficult but that doesn't mean it's impossible, for example war, the covid-19 pandemic and the movement of world economic flows also greatly affect the fluctuation of the bitcoin price, but in my opinion something bigger than that is the influence of media news which can be controlled by people who are very powerful, and of course it would be very easy to control the price of bitcoin if that could happen

News is another benefit that keeps us up to date on market activity. In the case of candlesticks TA, we may choose to either align with our prediction or follow market movements. Crisis in either of these countries with instability has a significant impact on bitcoin. For instance, the COVID 19 was a significant obstacle that every nation faced and was fatal because there was no treatment, but at the present time, it has been leveled and managed. The market went through a severe bear market during COVID-19, and many traders and investors suffered losses.

Bay_Harbour_Butcher

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controlling the ups and downs of the bitcoin price sounds very difficult but that doesn't mean it's impossible, for example war, the covid-19 pandemic and the movement of world economic flows also greatly affect the fluctuation of the bitcoin price, but in my opinion something bigger than that is the influence of media news which can be controlled by people who are very powerful, and of course it would be very easy to control the price of bitcoin if that could happen

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Quote from: Xampeuu on March 14, 2023, 10:33:30 PM

altcoins that don't follow the movement of bitcoin, for example bitcoin turns green, so I am suspicious of that altcoin, mostly occurs in new altcoins which afterwards only become ash coins. this seems to have become a culture for every altcoin to follow the movement of bitcoin, on the other hand the biggest trust factor in cryptocurrency which makes bitcoin the leader for all cryptocurrencies. We can see this if we pair bitcoin and altcoins with USD, so we can see the movement of the two

New altcoins that don't have a good foundation and are just following the hype won't be able to survive the crypto market storm that will turn the altcoin to ashes. New altcoin projects are popping up more and more, but only a few survive and are able to develop their projects. The new altcoin is just speculation and just a pump dump practice. Altcoins will be affected by the price of Bitcoin, but bitcoin will not be affected by altcoins. Bitcoin up altcoin will collapse and bitcoin down altcoin will collapse even more. Except for bitcoin sideway, some good altcoins will start to recover. Bitcoin cannot be controlled by anyone completely.

BADecker

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Thank you all for all the points. Interesting.

Cool

Mr. Magkaisa

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Quote from: BADecker on March 13, 2023, 06:08:47 PM

Since most of the major altcoins move up or down at the same time as bitcoin, aren't they all controlled? How does it work?

Cool

- Since they are equally volatile in the market, their values will not move the same if there is no seller or buyer, this is the usual reason why there is movement in the market.

If there is a sudden increase, this is probably because many holders are positioning themselves to prepare for the sudden kicking of its price and vice versa for the decrease in its value as well.

raidarksword

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The market dictates the uptrend and downtrend of bitcoin which is why altcoins follows whenever what bitcoin's price gonna be. Hence bitcoin is the mother of all crypto the trends will have the support and indicator of what's gonna be the condition of the market. Whales sometimes manipulates the market for their own agenda that's why market is always unpredictable.

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Quote from: Xampeuu on March 14, 2023, 10:33:30 PM

altcoins that don't follow the movement of bitcoin, for example bitcoin turns green, so I am suspicious of that altcoin, mostly occurs in new altcoins which afterwards only become ash coins. this seems to have become a culture for every altcoin to follow the movement of bitcoin, on the other hand the biggest trust factor in cryptocurrency which makes bitcoin the leader for all cryptocurrencies. We can see this if we pair bitcoin and altcoins with USD, so we can see the movement of the two

I think manipulation can occur for altcoins because some people or whales can move the price of the altcoin. After all, the price is still low at the start of its launch, so many people follow its movements.

But for bitcoin, I think it's very difficult to manipulate the price, especially now that the price of Bitcoin is over $20k and even though some people have a lot of Bitcoin, I'm not sure they will want to move it unless they have a specific purpose. But I don't know. I never thought about that because, in my opinion, we also don't know whether a group of people is really manipulating bitcoin or altcoin.

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Quote from: wheelz1200 on March 14, 2023, 05:49:41 PM

Quote from: BADecker on March 13, 2023, 06:08:47 PM

Since most of the major altcoins move up or down at the same time as bitcoin, aren't they all controlled? How does it work?

Cool

For one, bitcoin drives the market, usually when bitcoin moves so do alts. But another huge factor is a lot of the alts are paired with bitcoin. So as bitcoin goes up in usd so do alts because the unlying paired asset went up. In short alts usually tend to always follow whatever bitcoin is doing. Skip the bull and just buy bitcoin and hodl

altcoins that don't follow the movement of bitcoin, for example bitcoin turns green, so I am suspicious of that altcoin, mostly occurs in new altcoins which afterwards only become ash coins. this seems to have become a culture for every altcoin to follow the movement of bitcoin, on the other hand the biggest trust factor in cryptocurrency which makes bitcoin the leader for all cryptocurrencies. We can see this if we pair bitcoin and altcoins with USD, so we can see the movement of the two

|MINER|

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Due to the dominance of Bitcoin, the price of alt-coins rises with the price of Bitcoin. So it cannot be called direct control But indirectly whole crypto market is controlled by bitcoin. And the reason for this is that bitcoin is the mother coin of the whole crypto world and so it is natural that other coins of the crypto world will follow it. So you just watch and you will also see and hear that when the Bitcoin price goes up, people say that it brings the market up and down.

wheelz1200

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Quote from: BADecker on March 13, 2023, 06:08:47 PM

Since most of the major altcoins move up or down at the same time as bitcoin, aren't they all controlled? How does it work?

Cool

For one, bitcoin drives the market, usually when bitcoin moves so do alts. But another huge factor is a lot of the alts are paired with bitcoin. So as bitcoin goes up in usd so do alts because the unlying paired asset went up. In short alts usually tend to always follow whatever bitcoin is doing. Skip the bull and just buy bitcoin and hodl

Stable090

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Altcoin are been controlled by bitcoin, if bitcoin is pumping most altcoins will be pumping and if bitcoin is dumping, most coins will be dumping, bitcoin dominate the market so all other coins follows bitcoin movement. If bitcoin is dumping, people lose confidence in altcoins and they sell off so it will dump and if bitcoin is pumping, people end up gaining confidence in bitcoin and they will start buying back.

Ojima-ojo

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Quote from: Hydrogen on March 13, 2023, 07:27:38 PM

I was thinking that bitcoin's massive rise, could have been fueled by many around the world withdrawing money from their bank accounts to buy bitcoin instead. The crash of silicon valley bank has left consumers concerned about whether a bank run will occur. Whether they will have access to their money if FDIC insurance isn't upheld. This could lead to mass withdrawals with consumers seeking other assets in which to store their wealth.

Yeah, the quest to get a better asset to have their money in is what has led investors in relying so much on bitcoin and as a decentralized asset that gives investors full control over their money since with their wallet keys, investors have access to their investment at all times.

Unlike the traditional banking systems where the third party mode of operation is 100% adopted, which makes banks at liberty to act arbitral and sometimes seize investors'/depositors' money.

irsykes

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there are reasons where bitcoin fluctuates due to large investor factors, uncertain situations, the amount of USD volume in and out, making altcoin prices fluctuate actively. now there are many hidden whale teams to be able to manipulate altcoins to capture wins with strategies to beat small investors. and many other factors

vv181

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Controlling in a direct sense seems not quite the right word. Bitcoin, the leading coin in the cryptocurrency market, influences the whole market. It is that bitcoin's price movements correlate with altcoin price movements, mostly. With that in mind, "controlling" that you might perceive is tantamount to causation which is incorrect.

Now the how part. franky on the first page shows the example of triangular arbitrage. That is one of the possible reasons why the market follows bitcoins. A discprencacies within the market are utilizing to make someones bitcoin stash bigger. Another part, that I could think of is that bitcoin plays its part as an authority thing, it's kind only like a sentiment setter of the market. If bitcoin goes up, the altcoins market performances will follow.

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Quote from: StarKay on March 14, 2023, 12:35:33 PM

I don't think this should be up for debate because it is obvious to everyone that there is manipulation in the cryptocurrency market and the Whales are in charge of the market direction.

I don't think it is obvious to everyone. I don't think it is obvious to anyone. If it is so obvious, it should be easy to provide overwhelming evidence of manipulation.

I don't doubt that low-liquidity coins are manipulated. There are plenty of pump-and-dump schemes out there. But, you seem to be generalizing that to all coins.

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Quote from: Jackl87 on March 14, 2023, 04:03:48 PM

Quote from: BADecker on March 13, 2023, 06:08:47 PM

Since most of the major altcoins move up or down at the same time as bitcoin, aren't they all controlled? How does it work?
Cool

I don't really know what you mean with "controlled", but there is definitely no mechanism that makes all the other cryptocurrencies automatically go up or down in price when Bitcoin is also going up or down. In reality though this still is the case most of the times or at least on a grand scale and there are a few reasons for this. First of all a bear or a bull market is always happening withing the whole crypto market and not only for a few projects. Bitcoin is also still by far the leading project in the crypto space. So it is not really surprising, that most of the time Bitcoin is the first project to make a price move and then the other projects are following.

There must be some mechanism. If we notice last few days when bitcoin was going bearish many investors thought maybe bitcoin is heading for big fall again and so many investors sold their assets despite the loss. They thought they could buy from Dip. But the situation is completely different, Bitcoin is now starting to turn bullish again. If you think from this point of view, whales or large investors have held the market hostage to some extent.

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Quote from: BADecker on March 13, 2023, 06:08:47 PM

Since most of the major altcoins move up or down at the same time as bitcoin, aren't they all controlled? How does it work?
Cool

I don't really know what you mean with "controlled", but there is definitely no mechanism that makes all the other cryptocurrencies automatically go up or down in price when Bitcoin is also going up or down. In reality though this still is the case most of the times or at least on a grand scale and there are a few reasons for this. First of all a bear or a bull market is always happening withing the whole crypto market and not only for a few projects. Bitcoin is also still by far the leading project in the crypto space. So it is not really surprising, that most of the time Bitcoin is the first project to make a price move and then the other projects are following.

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