manipulators are all over the place, the only question would be how much.
A wise man once said: hold!
Topic: Can Bitcoins Price be manipulated like Gold is? (Read 1810 times)
Because the Bitcoin volume and price are lower than gold, I'd say yes you can manipulate the price big time, if someone wanted to.
Yeah Bitcoin prices can be manipulated by the whales just like gold.
They create buy order and sell order in such a way that they are able to control the prices.
They create buy order and sell order in such a way that they are able to control the prices.
But still, say a large entity wanted to dump on the exchanges they would still need Bitcoin to do so.
Unless it's the exchange operators themselves. They have access to so much more data than the average investor. They know how many withdraw requests they process per month. They know how much fiat is available to purchase bitcoins. As long as they manage to satisfy withdraw demands, they can constantly dump database coins on their exchange (not in a wild disruptive manner, but in an intelligent controlled way to avoid panic) which they can buy back at the lower exchange rate they've managed to create. Should the market go against them for an extended period of time, and they are unable to make up the difference, claim hack or just pull a Gox and run off with the money. Once you can steal enough money to live the rest of your life in comfort, what is the motivation to keep running a legitimate exchange? How many "failed" (self inflicted no doubt) exchanges have made their users whole?
Moral of the story: Be the sole controller of your private keys.
Gold can be manipulated only because of the deriveratives that are many times more in value than the actual Gold. So a few billion in paper gold can be sold in literally a split second and then they can go make some more fiat to do it again......YOU CANT DO THAT WITH JUST BITCOIN!!!!
Give them some time. Already it's quite possible that major exchanges are operating on a fractional reserve. Therefor we have more bitcoins for sale than actually exist.
The best thing anyone can do to prevent this kind of abuse is to take possession (control) of their coins. There are day traders who need to keep a balance on the exchange in order to do their thing, and the exchanges know this and can take advantage of it.
There are various ways for exchanges to provide proof of reserves, but how many of them do it in real time? Investors should be demanding these features, yet Gox has shown us that people are stupid and willing to lose huge amounts of bitcoins for no reason.
Yeah I agree fractional reserve banking with Bitcoin could definitely play a part in suppression of the Bitcoin price later. But still, say a large entity wanted to dump on the exchanges they would still need Bitcoin to do so.
Gold can be manipulated only because of the deriveratives that are many times more in value than the actual Gold. So a few billion in paper gold can be sold in literally a split second and then they can go make some more fiat to do it again......YOU CANT DO THAT WITH JUST BITCOIN!!!!
Give them some time. Already it's quite possible that major exchanges are operating on a fractional reserve. Therefor we have more bitcoins for sale than actually exist.
The best thing anyone can do to prevent this kind of abuse is to take possession (control) of their coins. There are day traders who need to keep a balance on the exchange in order to do their thing, and the exchanges know this and can take advantage of it.
There are various ways for exchanges to provide proof of reserves, but how many of them do it in real time? Investors should be demanding these features, yet Gox has shown us that people are stupid and willing to lose huge amounts of bitcoins for no reason.
Bitcoin is far easier to take possession of when compared to gold.
Honestly this is the only scary thing, the only true reason we need the price to increase is that by the time the banks get scared it is too expensive for them to fuck it up. I somewhat see price as a weird way of securing the network form banks.What are you talking about?
Gold is easy to manipulate because investors do not take possession of their actual gold. They own paper gold.
Paper bitcoins does not make as much sense, because investors can very easily take possession of their actual bitcoins. In fact, any who do not are morons. See sig for more details.
What does that have to do with what I said? In other words, why are you quoting me and then talking about something entirely unrelated to my quote?
Nevermind, I'm talking to a sig campaign zombie.
Bitcoin's market cap is only $4 billion. The top banks and hedge fund firms manages an estimate of $10 trillion. They can manipulate bitcoin like a puppet. There is no doubt what they can do, if they want to do it.
How with a ton of fiat alone could you manipulate Bitcoin apart from inflating the price? If they bought tons of coins pushing the price to the moon people would take big gains and likely pump them straight back in, all it would do is raise the VOL.
They buy loads of bitcoin off exchange, like bidding in auction, buy direct from miners, buy from payment gateways. Exchange prices will not inflate because their trades are not from exchnages. When they accumulate a large batch of bitcoin, they dump them on the exchanges at critical times to cause panic, successfully subpressing exchange prices. Then they buy them back slowly again off exchange.
Many people have explained the possible methods to you, if you still cannot understand it, you need to read more background info on how the market works.
This question is really turning into a bottom dwelling convo about exchanges and people making Bitcoin go to $1000 again. What I'm talking about is central banking and the suppression of Gold that is essential in a funny money fiat world that we live in where currency is printed in the trillions.
oh look at me I'm a dumbass cause I think the FED could come in and pump Trillions into Bitcoin and it wouldn't increase the overall volume, all they would be doing is popping a ballon that they were at the same time blowing up constantly, making it bigger and bigger every time, it wouldn't hold Bitcoin down.....Gold can be manipulated only because of the deriveratives that are many times more in value than the actual Gold. So a few billion in paper gold can be sold in literally a split second and then they can go make some more fiat to do it again......YOU CANT DO THAT WITH JUST BITCOIN!!!!
Bitcoin's market cap is only $4 billion. The top banks and hedge fund firms manages an estimate of $10 trillion. They can manipulate bitcoin like a puppet. There is no doubt what they can do, if they want to do it.
How with a ton of fiat alone could you manipulate Bitcoin apart from inflating the price? If they bought tons of coins pushing the price to the moon people would take big gains and likely pump them straight back in, all it would do is raise the VOL.
They buy loads of bitcoin off exchange, like bidding in auction, buy direct from miners, buy from payment gateways. Exchange prices will not inflate because their trades are not from exchnages. When they accumulate a large batch of bitcoin, they dump them on the exchanges at critical times to cause panic, successfully subpressing exchange prices. Then they buy them back slowly again off exchange.
Many people have explained the possible methods to you, if you still cannot understand it, you need to read more background info on how the market works.
Bitcoin price IS manipulated by the big so called exchangers who are owned by the same persons. Look who owns CoinBase, Bitstamp, Bitcoin china and so on...You will find the same "investors" behind 
I agree with you most of the exchanges manipulate the price, they can even increase the price if they all want
Bitcoin price IS manipulated by the big so called exchangers who are owned by the same persons. Look who owns CoinBase, Bitstamp, Bitcoin china and so on...You will find the same "investors" behind
Yes, 100% as it already has just look at GOX when they manipulated the price to over 1000$ a bitcoin, we know now it was a manipulation and not a true price or correct value of coin.
^^^This.
Gox is the most famous example of price manipulation.
You can also check the buy/sell orders on exchanges and get an idea of what is happening.
Can again the bitcoin price manipulated again to the 1,000$ , i really want to see people smiling
Yes, 100% as it already has just look at GOX when they manipulated the price to over 1000$ a bitcoin, we know now it was a manipulation and not a true price or correct value of coin.
^^^This.
Gox is the most famous example of price manipulation.
You can also check the buy/sell orders on exchanges and get an idea of what is happening.
Yes of course and the most it comes from China, they have much more potential and Bitcoin price is easy to be manipulated
My answer is very simple : YES 
Bitcoin price is easy to be manipulated ......
Bitcoin price is easy to be manipulated ......
Please state how? or are you blowing hot air?
how the SCAM company Mt Gox did it ? They built a bot that buy/sell continuously to manipulate the market. However, now-a-days it's not so easy to manipulate, but, with a huge amount of BTC you can easily do it same china are now doing it.......
My answer is very simple : YES
Bitcoin price is easy to be manipulated ......
Bitcoin price is easy to be manipulated ......
Please state how? or are you blowing hot air?
I saw this about central banks sniffing around Bitcoin to make a Frankenstein coin they can use to expand and scam everyone
http://www.coindesk.com/deloitte-central-bank-cryptocurrency/
http://www.coindesk.com/deloitte-central-bank-cryptocurrency/
This is the notion of using the blockchain technology without bitcoin. I do not think it has to be a scam. Central banks could do with a more transparent and efficient ledger to the bank reserve requirements.
BUT it made me wonder if you had enough resources they could hold the price of Bitcoin down like gold? I mean through deriveratives of BItcoin, not the actual coin. Could it be surpressed like gold?
Bitcoin's market cap is only $4 billion. The top banks and hedge fund firms manages an estimate of $10 trillion. They can manipulate bitcoin like a puppet. There is no doubt what they can do, if they want to do it.
How with a ton of fiat alone could you manipulate Bitcoin apart from inflating the price? If they bought tons of coins pushing the price to the moon people would take big gains and likely pump them straight back in, all it would do is raise the VOL.
When you achieve that you can dump these coins at once causing huge panic and price drop. Then you can buy cheaper.
That's just messing with the price, it's not suppression. If anything it would just create more opportunities to trade it. A central bank would need progressively more fiat to do it till they point it would be ridiculous and Bitcojn holders would all be billionaires.
My answer is very simple : YES
Bitcoin price is easy to be manipulated ......
Bitcoin price is easy to be manipulated ......
Bitcoin is far easier to take possession of when compared to gold.
Honestly this is the only scary thing, the only true reason we need the price to increase is that by the time the banks get scared it is too expensive for them to fuck it up. I somewhat see price as a weird way of securing the network form banks.What if someone sold their 1000000 stack of bitcoins to a central bank when they still was worthless?
not much will change if a big amount is controlled by one person or by a bank, it's always centralized, also that bank will probably start to sell those bitcoin for profit, since they can not use those coin
Bitcoin is far easier to take possession of when compared to gold.
Honestly this is the only scary thing, the only true reason we need the price to increase is that by the time the banks get scared it is too expensive for them to fuck it up. I somewhat see price as a weird way of securing the network form banks.What if someone sold their 1000000 stack of bitcoins to a central bank when they still was worthless?
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