Well, since so many users claim that the price and market are being controlled and manipulated I wonder where all decentralization and independency of Bitcoin have gone? Is there then any difference of crypto compared to traditional currencies and financial system? It seems that we are having two systems that are actually the same if all this is true.
It is true that bitcoin is built upon the idea of decentralization but no matter what you do it will be impossible to avoid manipulation, humans are always going to try to get an advantage and they will always find a way to get it, whales have hundreds of thousands of coins and that is more than enough capital to manipulate the price of bitcoin, now they cannot manipulate the price completely as they want but they can exert enough control over the market to get benefits out of it. 
Topic: Bitcoin price is controlled not just manipulated but controlled (Read 805 times)
October 23, 2019, 11:03:46 AM
I think bots are really not as little as people think they are. I mean I know just one bot that has 10k users and they have over 2k active traders all around the exchanges every single day. Yes, that is just one bot but we don't know how much they are using , maybe they are each using 1k satoshi, maybe they each use 1k dollars, maybe they use 1 btc.
So, if that is just one of them that means there are tens of them out there and some are bigger, some are smaller etc which equals to a lot of money going through just the bots. Considering there are whales and manipulators etc all of them combined make for a very very fake market, the people who buy and sell bitcoin manually because they want to invest or divest are probably closer to 10% of the real volume.
So, if that is just one of them that means there are tens of them out there and some are bigger, some are smaller etc which equals to a lot of money going through just the bots. Considering there are whales and manipulators etc all of them combined make for a very very fake market, the people who buy and sell bitcoin manually because they want to invest or divest are probably closer to 10% of the real volume.
October 23, 2019, 05:20:30 AM
Group of whales or those early adopter or miner might be behind these manipulation, I don't think also bot is able to be controlled in such away it will determine the price. Bot are limited in operations it can't determine a lot unless operated by an individual that will input commands in a certain event. I will still just believe that it's due to a group that causes the manipulation that we certainly feel in a long run not just seconds.
It is not possible for Bots to actually do a perfect job of manipulating the market this way, it will still take human input for the market to be manipulated as much as it is being manipulated right now, and I think majority of the manipulation comes from whales and some financial institutions because they have the money that is needed to make the manipulation happen which is always to their own favor, and this we really cannot do much about it than to follow the advice of a mate that says we should try to actually flow along with the whales movement which actually requires the studying of the market carefully and also to be able to work with the technical analysis like the way traders does because it is through technical analyses that we can actually get the operation of the whales out. 
October 23, 2019, 04:11:03 AM
According to the data "top 100 richest bitcoin addresses", there are 106 addresses that have 10,000-10,0000 bitcoin, it should be more than enough to control the market although it less than 0.1%.
Most of those 100 richest addresses belong to major exchanges like binance cold-wallet, huobi cold-wallet and bittrex cold-wallet and others probably belong to miners addresses.
The fact is even BTC163,664 binance cold-wallet only 0.9% of total coins, with only 0.9% the price in the exchange market (binance) can drop in a significant number, let aside 10,000 bitcoin, if it can be dumped to various major exchanges, the global price will be crash for sure.
Exactly!! In my opinion it doesn't depend on what percentage of people hold the most Bitcoin, but we can judge it from how much Bitcoin is held by 1 person. Most of those 100 richest addresses belong to major exchanges like binance cold-wallet, huobi cold-wallet and bittrex cold-wallet and others probably belong to miners addresses.
The fact is even BTC163,664 binance cold-wallet only 0.9% of total coins, with only 0.9% the price in the exchange market (binance) can drop in a significant number, let aside 10,000 bitcoin, if it can be dumped to various major exchanges, the global price will be crash for sure.
If one person holds Bitcoin thousands of times compared to other holders, it is clear he can freely manipulate the market with the amount of funds he has.
Yes that's logical as those users how has huge amount to bitcoin can manipulate the market it's not only the case of bitcoin or cryptocurrency market but it applies to other risk investment as well. Basically it can be classified as one man greed or his tactics to earn more profit, we cannot do much about this and the best we could do is we can avoid reacting to these situation.
October 22, 2019, 01:37:00 PM
According to the data "top 100 richest bitcoin addresses", there are 106 addresses that have 10,000-10,0000 bitcoin, it should be more than enough to control the market although it less than 0.1%.
Most of those 100 richest addresses belong to major exchanges like binance cold-wallet, huobi cold-wallet and bittrex cold-wallet and others probably belong to miners addresses.
The fact is even BTC163,664 binance cold-wallet only 0.9% of total coins, with only 0.9% the price in the exchange market (binance) can drop in a significant number, let aside 10,000 bitcoin, if it can be dumped to various major exchanges, the global price will be crash for sure.
Exactly!! In my opinion it doesn't depend on what percentage of people hold the most Bitcoin, but we can judge it from how much Bitcoin is held by 1 person. Most of those 100 richest addresses belong to major exchanges like binance cold-wallet, huobi cold-wallet and bittrex cold-wallet and others probably belong to miners addresses.
The fact is even BTC163,664 binance cold-wallet only 0.9% of total coins, with only 0.9% the price in the exchange market (binance) can drop in a significant number, let aside 10,000 bitcoin, if it can be dumped to various major exchanges, the global price will be crash for sure.
If one person holds Bitcoin thousands of times compared to other holders, it is clear he can freely manipulate the market with the amount of funds he has.
October 22, 2019, 11:42:14 AM
I think only certain markets that use bots. Because their markets are deserted and bots are just to lure traders to trade on their marketplaces.
But there are also bots to manipulate the price so that they are tempted and suffer losses. So behind the bot yes because their market is quiet.
But there are also bots to manipulate the price so that they are tempted and suffer losses. So behind the bot yes because their market is quiet.
October 22, 2019, 08:04:28 AM
Well, since so many users claim that the price and market are being controlled and manipulated I wonder where all decentralization and independency of Bitcoin have gone? Is there then any difference of crypto compared to traditional currencies and financial system? It seems that we are having two systems that are actually the same if all this is true.
October 22, 2019, 06:58:35 AM
Bitcoin and Other crypto bots controlling the btc price.
Bots are start buying at some spefic time.
WHO ever control those bots have control over bitcoin price!
So who is behind that bots?
The market is being manipulate and it is very clear as for the bots that you are talking it could be everyone who is into trading,Bots are start buying at some spefic time.
WHO ever control those bots have control over bitcoin price!
So who is behind that bots?
We could see that there are so many bots that are being used for trading so those bots that you think that controls the market could be controlled by plenty of people,
While we are sure that the market could be manipulated by the whales because they could easily create a waves of order and the price could move instantly .
October 22, 2019, 03:03:50 AM
I don't think you understand how bots work or what is the logic behind their buy sell movements. Selling and buying through bots do not give them infinite free money, they are still limited by the amount the bot controller has. If the bots do not have money, they cannot be selling or buying anything.
October 21, 2019, 11:21:05 AM
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as for "control", people say that because they are looking for someone or something to blame so what better than bots?!
as for "control", people say that because they are looking for someone or something to blame so what better than bots?!
Blame the whales is better
it's not the "bots" but the
They are trying to manipulate the market by controlling anxieties of the people, who know where the price heading next, they do.
October 21, 2019, 02:34:44 AM
Isn't manipulation the same thing as controlling? I am sure traders are behind these bots. But did you know that even bots compete with each other? Those who have fund to buy bots try to buy the best bots on the market but these bots can easily get busted by a single huge dump or huge buy. So I do not think that Bots are actually controlling the Bitcoin prices, but for sure whales do.
i don't think you can call those "bots", these things are more like predefined scripts that run on the internet trying to repeat the same thing in an infinite loop. a true trading bot is not something that keeps
as for "control", people say that because they are looking for someone or something to blame so what better than bots?!
October 20, 2019, 11:13:46 PM
I understand that there are markets that manipulate prices but I think bots cannot function like that, yes they are accustomed to trading but not to control prices. But it helps humans when buying and selling at a certain price.
Sometimes market can be manipulated by exchange itself. in this case, the exchange manipulates its trading volume to attract many traders into it, but there are also whales who control the market price
Group of whales or those early adopter or miner might be behind these manipulation, I don't think also bot is able to be controlled in such away it will determine the price. Bot are limited in operations it can't determine a lot unless operated by an individual that will input commands in a certain event. I will still just believe that it's due to a group that causes the manipulation that we certainly feel in a long run not just seconds. Sometimes market can be manipulated by exchange itself. in this case, the exchange manipulates its trading volume to attract many traders into it, but there are also whales who control the market price
October 20, 2019, 01:54:26 AM
Bitcoin and Other crypto bots controlling the btc price.
Bots are start buying at some spefic time.
WHO ever control those bots have control over bitcoin price!
So who is behind that bots?
I do not know if someone truly controlled or manipulated the price of bitcoin. But, I'm pretty sure if you are a whale or simply a person who has a lot of bitcoin in a wallet you can truly have a chance to control the price. I also do not have any idea about the bot who control the price in the market and no one knows who are the people who control the market. But for me, it's totally hard to control the price and if ever someone who can manipulate the price I'm pretty sure that in just seconds can dump the price. Bots are start buying at some spefic time.
WHO ever control those bots have control over bitcoin price!
So who is behind that bots?
October 20, 2019, 12:03:11 AM
According to data on this website https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html only less than 3% of the highest Bitcoin holders which we usually call whales. Do you think they really can control the other 97%? I want to know your opinion on this matter.
According to the data "top 100 richest bitcoin addresses", there are 106 addresses that have 10,000-10,0000 bitcoin, it should be more than enough to control the market although it less than 0.1%.
Most of those 100 richest addresses belong to major exchanges like binance cold-wallet, huobi cold-wallet and bittrex cold-wallet and others probably belong to miners addresses.
The fact is even BTC163,664 binance cold-wallet only 0.9% of total coins, with only 0.9% the price in the exchange market (binance) can drop in a significant number, let aside 10,000 bitcoin, if it can be dumped to various major exchanges, the global price will be crash for sure.
October 19, 2019, 11:46:23 PM
I understand that there are markets that manipulate prices but I think bots cannot function like that, yes they are accustomed to trading but not to control prices. But it helps humans when buying and selling at a certain price.
Sometimes market can be manipulated by exchange itself. in this case, the exchange manipulates its trading volume to attract many traders into it, but there are also whales who control the market price
Sometimes market can be manipulated by exchange itself. in this case, the exchange manipulates its trading volume to attract many traders into it, but there are also whales who control the market price
October 19, 2019, 10:53:00 PM
I've been trying to find some pattern that these bots use and either trade with them or against them but its very difficult to catch. One thing I noticed was that during a start of a new daily candle there can be some pump or dump which happens almost in the first 10 minutes or so however this doesn't help because you don't know which way its going to go.
I tried to do research and find some pattern like it pumps when the previous daily candle close is bull or vice versa and still haven't really found a pattern.
There are also some bots which try and catch the funding rate on future exchanges like Bitmex if its very high. Say if the funding rate is > 0.10% per 8 hours then usually right after the funding there is a pump/dump however impossible to catch since the server is overloaded, need to use a different exchange. It works maybe 70% of the time.
I tried to do research and find some pattern like it pumps when the previous daily candle close is bull or vice versa and still haven't really found a pattern.
There are also some bots which try and catch the funding rate on future exchanges like Bitmex if its very high. Say if the funding rate is > 0.10% per 8 hours then usually right after the funding there is a pump/dump however impossible to catch since the server is overloaded, need to use a different exchange. It works maybe 70% of the time.
October 19, 2019, 10:30:33 PM
The price is driven by the demand and the free market and it is true that bots exist in exchange to keep the trades and offers going in the market, but the big factor of the market price is done by the traders themselves. It can be manipulated if you have a big amount of bitcoin/fiat but the result of the price still depends on how will traders or investors react once a massive buy or sell off occurs.
October 19, 2019, 10:33:56 AM
According to data on this website https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html only less than 3% of the highest Bitcoin holders which we usually call whales. Do you think they really can control the other 97%? I want to know your opinion on this matter.
October 19, 2019, 07:45:15 AM
Controlled = manipulated
It just a different word but have the same meaning in the crypto market.
Whoever has tons of money in their account can buy bitcoin to a certain price and whoever has tons of bitcoin in their wallet can dump the price instantly. And other traders which only have average capital play under those whales who rule the market.
It just a different word but have the same meaning in the crypto market.
Whoever has tons of money in their account can buy bitcoin to a certain price and whoever has tons of bitcoin in their wallet can dump the price instantly. And other traders which only have average capital play under those whales who rule the market.
October 19, 2019, 07:13:29 AM
Who ever created Bitcoin knows how to manipulate.
Simple:)
Lol. Sad how little you know about bitcoin/cryptocurrencies and the market. Creating bitcoin is one thing, and its existence in the market that is the price is another thing. You saying shit as if someone who created the coin can easily set the price by changing some protocols/code. The market is decentralized and there no hidden "mystery". So according to you, if someone (who created) knows how to manipulate the market, then each and everyone out there will also know how to manipulate the market. Simple:)
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