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Topic: Bitcoin rising to 600$ , pure manipulation ? (Read 7913 times)

sr. member
Activity: 668
Merit: 257
Nextgen Financial Ecosystem
October 07, 2016, 06:56:43 AM
I think we should just watch carefully on the price movements, trying to calculate/guess what movement is a fundamental trend, what movement is noise/volatility and hyping.
legendary
Activity: 1372
Merit: 1005
You can think whatever you want of course but I think that the bitcoin is gonna go to a higher amount soon or later.
600 dollar was maybe a manipulation but the other prices will be not..

Yup obviously price will increase in future because it has good potential when compare with any stock in the world. I think the near future on next halving it will reach more than 2000$ in the market. Just wait and hope for the best.
legendary
Activity: 1232
Merit: 1030
give me your cryptos
I don't know if it was manipulation or not but it was for sure not purely because of that because if you want to raise bitcoin 50$ then you need a very big capital to manipulate the prices that much and I don't think this is what happened but correct me if I am wrong of course.

It's not very much, only a couple of thousand dollars. Any whale or earlybird could have that kind of money. The current bitcoin market is a plaything for them.
sr. member
Activity: 420
Merit: 250
I don't know if it was manipulation or not but it was for sure not purely because of that because if you want to raise bitcoin 50$ then you need a very big capital to manipulate the prices that much and I don't think this is what happened but correct me if I am wrong of course.
member
Activity: 114
Merit: 10
You can think whatever you want of course but I think that the bitcoin is gonna go to a higher amount soon or later.
600 dollar was maybe a manipulation but the other prices will be not..
hero member
Activity: 616
Merit: 500
The price rise since november last years was one big manipulation game. This is as clear as can be. Question is when will they stop. Is the current price enough and will they endure a downwars trend to 500 dollar or are they planning a new boost this year?

Yes it was a manipulation, but the price will not get manipulated anymore, I think that the price is gonna go to a higher amount than the actual 600 dollar right now.

How was it manipulated though? Just by pumping in alot of fiat to buy bitcoin or what cause I wouldn't know why that would be worth it.
Bitcoin stopped rising already in a steady pace and is looking pretty stable at the moment.
sr. member
Activity: 462
Merit: 250
I don't believe bitcoin rose to 600$ from pure manipulation. I do think there was a big demand spike which caused this.
It jumped very quick from 570 to 620 but after that it seemed to decline again which is a sad trend with bitcoin.
sr. member
Activity: 364
Merit: 250
so far I know that bitcoin prices rose by pure without manipulation. Well, the rise in the price manipulation is very different to those not subject to manipulation. bitcoin prices will rise very quickly in a short time without any obvious trigger. but if the price increase occurs slowly, most likely bitcoin prices go up without being manipulated by anyone

You are right but I also think that its not something can be done easily, most likely its not manipulated but its also maybe look like it is.
I think its just that it looks like that but that its not the thing at all.
full member
Activity: 196
Merit: 100
so far I know that bitcoin prices rose by pure without manipulation. Well, the rise in the price manipulation is very different to those not subject to manipulation. bitcoin prices will rise very quickly in a short time without any obvious trigger. but if the price increase occurs slowly, most likely bitcoin prices go up without being manipulated by anyone
yes i am also agree with you that that increase in price is real increase and there is no manipulating at all, i think it is not so easy to manipulate the price of bitcoin because bitcoin is a universal currency and no one can so easily manipulate the price of bitcoin.
hero member
Activity: 742
Merit: 526
so far I know that bitcoin prices rose by pure without manipulation. Well, the rise in the price manipulation is very different to those not subject to manipulation. bitcoin prices will rise very quickly in a short time without any obvious trigger. but if the price increase occurs slowly, most likely bitcoin prices go up without being manipulated by anyone

Price manipulation is not always directed toward moving the price in either direction. Manipulators may also have the intention of keeping the price at a certain level for some time. And when they stop affecting the price with this purpose in mind, it will start moving swiftly up or down exactly because there is no more manipulation. For that reason, it is not always possible to say whether the quick rise or fall of the price is due to manipulation or lack of it.
hero member
Activity: 1204
Merit: 500
so far I know that bitcoin prices rose by pure without manipulation. Well, the rise in the price manipulation is very different to those not subject to manipulation. bitcoin prices will rise very quickly in a short time without any obvious trigger. but if the price increase occurs slowly, most likely bitcoin prices go up without being manipulated by anyone
hero member
Activity: 2996
Merit: 609
I believe bitcoin rising up to this point hasn't been any manipulation. To manipulate the bitcoin prices you need a lot of money.
Maybe if you would be a multi millionaire you could change the prices around but not just for any regular people like us.

Market manipulation doesn't always require money. There are other options too.

I would disagree, if we are talking about  market it involves money and   money would need to  move its price theres nothing more. I wanna know what options are you talking about because  i cant think  of anything that could  able to manipulate bitcoin price.
member
Activity: 104
Merit: 10
I believe bitcoin rising up to this point hasn't been any manipulation. To manipulate the bitcoin prices you need a lot of money.
Maybe if you would be a multi millionaire you could change the prices around but not just for any regular people like us.

Market manipulation doesn't always require money. There are other options too.
hero member
Activity: 742
Merit: 526
12 hours ago (before I go to sleep) , the price was something like 575$ If I remember right , I woke up and found it 600$ (using preev.com rates) .
What could cause this price increase ? I checked some news websites and I couldn't find any obvious reasons , the only thing I read and I found interesting is Bitfinex paying their customers back from the HACK but I'm pretty sure It has nothing to do with the increase.

It could be an exchange bidding the price up or some whale buying a fortune of bitcoins. We can only see a small part of the bigger picture of what is going on in the Bitcoin world, and you may never learn the true causes of some events, be they deliberately hidden or just not making it into the news. I, for one, wouldn't even try to logically explain every price move, it doesn't seem to be worth it.
sr. member
Activity: 434
Merit: 250
Rising to 600$ might be manipulation from a big pump or it could just be coincidence we couldn't really know for sure.
But I think that if it was a temporary pump then we would have seen the prices go down a lot more already which didn't happen though.
sr. member
Activity: 338
Merit: 250
Bitcoin rising to 600 dollar i dont think that is right becuase the bitcoin already is around the 600 dollar for a view weeks and that wont change and that is such a sad thing.
sr. member
Activity: 462
Merit: 250
I think it is a normal thing and I was not as manipulated. This is a pure price increase. however, would be different if bitcoin prices suddenly rose to $ 1,000 in a short time, because most likely it is manipulated. but if bitcoin prices climbed above $ 600, I think it is normal due to the increased use of bitcoin

The price that has gone above the $600 level has nothing to do with increased usage. It's part of the recovery after everything that happened with Bitfinex. Slowly the price will move forward to the price levels it was sitting on before Bitfinex got hacked. From there we will see whether or not the price will continue to go up.

the rise has started because of the increased using of bitcoin, there was a demand so the price could rise up in the first place. so that same demand is now still here and helping the rise back to the previous levels.

That demand seems quite gone now because prices have been hovering the same amount for the last month now.
I hope demand will go up soon again and people will start buying so we can have a increased value per coin I invested alot.
sr. member
Activity: 420
Merit: 250
If this is not pure manipulation then I don't know what it is , how do you guys explain decreasing back to 599$ in a few hours ?
I'm sure It has nothing to do with Bitfinex as that exchange is pretty much dead for what comes to the trading volume (compared to the old trading volume they had), everyone switched to Poloniex => https://coinmarketcap.com/exchanges/volume/24-hour/
Yes it seem pure manipulation from whales to dump their own coins to create panic in market so that they can grab even more bitcoin in cheaper price than they have sold. But when they will collect enough coins price may get pumped again even higher than $620.

I don't think this is what happened and if it did then they failed cause bitcoin didn't really get any lower than it's point before the "dump".
Right now prices are quite stable for almost a month already with minor 3% up and down changes which balances out eventually.
sr. member
Activity: 476
Merit: 250
I believe bitcoin rising up to this point hasn't been any manipulation. To manipulate the bitcoin prices you need a lot of money.
Maybe if you would be a multi millionaire you could change the prices around but not just for any regular people like us.
sr. member
Activity: 308
Merit: 250
but to me it is the origionla price of bitcoin and nothing else. i think it is not so easy to manipulate the price of bitcoin as bitcoin is a universal currency and is so difficult to manipulate the price of bitcoin so easily, i think the price of bitcoin should be more high than the present price may be trading above 1000 USD in next few days.
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