, maybe it's the FBI then it's not an individual 
besides, Bitcoin will be limited to 21 millions so doesn't matter who hold more, they will eventually sell. What matters is the underlying blockchain technology. 
Topic: Bitcoin Market Is Manipulated - page 7. (Read 1325 times)
I don't really think anyone would hold more than a million bitcoins lol because that would be more than what Satoshi himself holds , maybe it's the FBI then it's not an individual besides, Bitcoin will be limited to 21 millions so doesn't matter who hold more, they will eventually sell. What matters is the underlying blockchain technology.
, maybe it's the FBI then it's not an individual besides, Bitcoin will be limited to 21 millions so doesn't matter who hold more, they will eventually sell. What matters is the underlying blockchain technology. legendary
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At some points, this maybe true but as long as there are new investors coming into the market the chances of the market getting manipulated decreases. We can see a market manipulation right now because there are only a few people that can buy huge amount of Bitcoins and they can sell it whenever they want and at the same time, they can buy anytime they want and pump the market.
Yes the technology behind Bitcoin is one of a kind but the market is manipulated right now. There are other altcoins out there which are good because of the reason why they created it but still it is manipulated. What we can do right now to prevent getting lost to these whales is target setting, proper discipline and fucking HOLD your Bitcoins.
Yes the technology behind Bitcoin is one of a kind but the market is manipulated right now. There are other altcoins out there which are good because of the reason why they created it but still it is manipulated. What we can do right now to prevent getting lost to these whales is target setting, proper discipline and fucking HOLD your Bitcoins
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the anonymous and decentralized nature of bitcoin is very easy to manipulate by big traders or whales. but in my opinion the pope won't continue to manipulate the price of bitcoin because at this time bitcoin already has a large community. sometimes the price of bitcoin is also influenced by the news. bad news about bitcoin or FUD will make the price of bitcoin go down.
Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.
Isn't this kind of scheme can be seen anywhere? Rich people wanted to get rich so it is natural for them to control and manipulate the market if they can. We can set an example for the supply of rice, they tend to hoard it to increase its price and if they wanted to make it lower they will suddenly release this hoarded supply to push the price of rice down.
No one can handle and manipulated of bitcoin price because bitcoin is on investor hand not in some one hand where can handle of bitcoin and altcoin price, when bitcoin have higher price maybe investor try to invest with higher amount and sell all of it make bitcoin down, of bitcoin can manipulated and handle by one person maybe bitcoin will change price depend when he wants.
Those who have fund and authority can. If a person is too influential in an industry and at the same time have a huge fund of both BTC and fiat currency, he can easily control and manipulate the market.
Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.
the bitcoin price can be handle with 1 person, or a group of whale, do you know how much bitcoin circulation ? and how much the marketcap?
if they pump in 1 market (eg kraken), people who trade on other market will be sell his bitcoin before pump on target in kraken, in other real example
bitcoin price in iran right now $24.000 but in other country market its just under $10k
i don't think any people can handle pump and dump, because bitcoin is truly decentralization.
This can be true to some extent but it does not mean that whales hold all the lines. Remember that in 2017, the big reason why Bitcoin reached the $20K level was speculations and newbies at that time played the big part as they blindly bought Bitcoin even at its high price. All players big and small are actually having impact on the market. Making Bitcoin a million dollar in price can be the best interest of these whales but why they can't do it? Because there are also other factors that are playing in the market. Nonetheless, yes manipulations are really rampant in this industry and is the big ground why no ETF was granted a license in the USA.
I'm assuming that you posted this because of the recent pump almost $200 up yesterday, which is a clear sign of manipulation just looking how steep that line is, indicating that a whale must have entered the market and flooded the buy orders. Then it's only going sideways for at least 10 hours now with no signs of demand increase, took a recent dump maybe because it has been considered a resistance level, then another possible pump by a whale.
Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.
first of all. the only person to have claim of sole true ownership of 1m coins hasnt ever put coins onto an exchange in 9 years
secondly there has never been a single market order of 1mill coins being sold
thirdly whales in 2013 were people with 5000 coins. these days its people with 500 coins.
(minnows are people with orders under 1btc)
you cant stupidly say markets are manipulated by users with 1m coins when you cant even show proof that a single person or order of such magnitude of your exagguration ever occured
yes trades get affected by users of 500 coins. and some think that manipulation. others call that people using their value. a true manipulation is what is known as 'ghost orders' that are not actual value based on a user balance of actual deposits.
Cool story, bro. But do you have any proof? Do you know the names of these whales, how many coins do they hold, what exchanges do they use, when exactly did they manipulate the market (with proofs, ofc)? There's always some degree of manipulation on every market, even those that are well regulated, but you are making claims that the whales can move Bitcoin thousands of percent up and down, and such claims require more than just words.
I think this is not a secret. The problem is that we don't have names for those 'assuming' whales.
You can read this news last April 2019: Massive Bitcoin Whale Triggered BTC Surge With $100 Million Order, Says Crypto Investment Firm CEO. So there's a pros and cons of whales swimming in this market.
You can read this news last April 2019: Massive Bitcoin Whale Triggered BTC Surge With $100 Million Order, Says Crypto Investment Firm CEO. So there's a pros and cons of whales swimming in this market.
in my opinion it's true, because those who hold bitcoin are too many, they are very influential on the market, so we are affected ... !!
Whales dump bitcoin's price to scare weak hands who are holding bitcoin for them to buy these bitcoins and earn big amount of profit from it. They will then manipulate the price of bitcoin to pump up in the market. This is their way of playing games with weak hands or maybe we can say an earning strategy in order for them to earn large amount of money as soon as the market goes along with their plan.
I think you are overestimating the capabilities of a whale. Sure they have the ability to pump the price of Bitcoin but pumping it beyond $500,000 is absurd. If you do the math, they'll need to mass wealth at least 10 trillion dollars in order to do that. I agree that the market is manipulated in some ways but whales is just a part of it. There's miners, institutions, medias, and even governments that is trying to manipulate the price to their liking.
~snip~
In all speculative markets, both in the stock market as Bitcoin are whales or strong hands, they are the ones who move the market, they may not manipulate as you say, but act through its power of money, often the market It moves by action of people's emotions, it should not be forgotten that strong hands square their plans months or years in advance to execute and manage their movements in the market.
I prefer to think that manipulation is in the media, news that speaks well or badly about Bitcoin, I don't know if they are the same strong hands, if you have many millions of dollars to move the market, I don't see any manipulation there. The strong hands that are bulls and bears, often fight each other and earn the most money to move the market in their favor, the market is like a jungle. It is preferable to think that everything obeys the Law of Supply and Demand, who has more money can move the market in their favor.
The OP is right in a way as some whales intentionally dump BTC on major exchanges and buy them at very cheap prices at smaller exchanges. This is the reason why you should not bother selling your BTC anytime you see the market fluctuate because you are only falling gullible to the games of whales. The funny thing is that they use bots in doing this so you definitely can't play this game with them, you just have to learn how to be patient till the price increases to an appreciable level for you to sell.
Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.
I think so bitcoin could be manipulated since bitcoin depending on its supply and demand in the market but still, it is not going to be easy to control the market surely money will be a big issue here since the bitcoin could probably cost a lot of money if you are going to buy a big percentage in the market I think a group of whales is able to control it. Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.
Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Stop believing this already, if those whales are capable to make that digits, then when that had happened? Of course, none, only satoshi had this 1m+ amount of btc, and can trigger to move the price to a huge leap or drop if he still hold those. Actually, huge exchanges doesn't have that amount of btc.Bitcoin technology is great but Market is compeletly different story.
Every market does this with the people behind it, so its not new after all. Price will move once people keep trading, selling and buying btc, and can pump or dump once there's a news regarding to miners, exchanges, and government-related news connected to crypto or btc.
Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.
This manipulators are inclusive of miners. They pay for media speculation which attract lots of people to buy, they they will dump causing disbelief in bitcoin.
This make it look like pump and dump. Sometimes I still wonder if other countries who are not benefiting from bitcoin like china, would ever allow bitcoin achieve it full potential.
Such things are common in the trading world, the forex market, the stock market, are all manipulated, until someone illustrates that the trading world is like the law of the jungle, the strong who hold the reins, we as small traders can only take advantage of the opportunities that exist.
the free market system cannot be far from manipulation, in the stock market it can still be several times linked to centralized policy, but here everything is really pure sentiment from the crypto ecosystem. Several times whales take advantage of manipulation, but of course they are also still speculating about the sustainability of bitcoin for the long term.
Such things are common in the trading world, the forex market, the stock market, are all manipulated, until someone illustrates that the trading world is like the law of the jungle, the strong who hold the reins, we as small traders can only take advantage of the opportunities that exist.
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