Topic: Can we Manipulate Bitcoin price? - page 23. (Read 73544 times)

Quote from: shulio on March 31, 2017, 02:27:53 AM

it depends. Because the law of supply and demand control the market value of a certain coin, So I can say that If the supply became low means that someone buy a bulk of bitcoin the price will rise and if the supply will become high the value of bitcoin low because somebody sell a bulk of bitcoin. You can manipulate the price of a coin rather bitcoin if you have almost the 50% of the total supply of it.

I doubt that someone actually have 50 % of the current supply however bitcoin market is now full of speculative trader therefore it is easy to manipulate it when you have quite some amount. All you need to do is to start to bear or bull the market with a large amount of btc then the others will follow you . It is easy to manipulate traders

As quoted price manipulation is possible with bitcoin as everything is happening based on speculative subject. Most of the time whales who hold big sum of bitcoins were the one who manipulate the price creating panic among the users. At the same uses it as an opportunity and buy more from users who sell on panic.

alien-fx2

member

Activity: 61

Merit: 10

Byteball: DAG, Built-in Chat, Conditional Payments

I think any market can be manipulated as long as you have the resources for it. The good thing about Bitcoin is that for years, when inflation was very high, the price was really low, and this allowed the currency to reach a larger distribution, making it difficult for the currency to be in the hands of a few, and thus making manipulation very difficult.

EdenHazard

legendary

Activity: 2674

Merit: 1048

it depends. Because the law of supply and demand control the market value of a certain coin, So I can say that If the supply became low means that someone buy a bulk of bitcoin the price will rise and if the supply will become high the value of bitcoin low because somebody sell a bulk of bitcoin. You can manipulate the price of a coin rather bitcoin if you have almost the 50% of the total supply of it.

I doubt that someone actually have 50 % of the current supply however bitcoin market is now full of speculative trader therefore it is easy to manipulate it when you have quite some amount. All you need to do is to start to bear or bull the market with a large amount of btc then the others will follow you . It is easy to manipulate traders

you mean about 51% attack? of course it is almost impossible if 'someone' hold it , but not impossible if it was some 'group' join to control the market which for me it is near hard to make it happened as bitcoin itself decentralized and make it always wild to control.

not impossible but the fact say it all, 51% attack indeed vulnerable for bitcoin .

shulio

legendary

Activity: 1540

Merit: 1016

it depends. Because the law of supply and demand control the market value of a certain coin, So I can say that If the supply became low means that someone buy a bulk of bitcoin the price will rise and if the supply will become high the value of bitcoin low because somebody sell a bulk of bitcoin. You can manipulate the price of a coin rather bitcoin if you have almost the 50% of the total supply of it.

I doubt that someone actually have 50 % of the current supply however bitcoin market is now full of speculative trader therefore it is easy to manipulate it when you have quite some amount. All you need to do is to start to bear or bull the market with a large amount of btc then the others will follow you . It is easy to manipulate traders

Text

hero member

Activity: 2464

Merit: 594

Quote from: mornabo on March 31, 2017, 01:03:20 AM

it depends. Because the law of supply and demand control the market value of a certain coin, So I can say that If the supply became low means that someone buy a bulk of bitcoin the price will rise and if the supply will become high the value of bitcoin low because somebody sell a bulk of bitcoin. You can manipulate the price of a coin rather bitcoin if you have almost the 50% of the total supply of it.

That is the universal rule. And it is also because of the pumping and dumping of big whales in the network, they really affects what would be the price of bitcoin so there is really a manipulation behind this and we are just an algae on the ocean for having a dust amount.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

it depends. Because the law of supply and demand control the market value of a certain coin, So I can say that If the supply became low means that someone buy a bulk of bitcoin the price will rise and if the supply will become high the value of bitcoin low because somebody sell a bulk of bitcoin. You can manipulate the price of a coin rather bitcoin if you have almost the 50% of the total supply of it.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: Rinder on March 28, 2017, 08:47:46 PM

Well bitcoin can be manipulated since the begining, now is more clear that some whales group, as well good or bad news does make price to change, but the worse is the attacks over exchanges or big projects with a lot btc from users, that make they left or loose their full capital. Nowadays a manipulation at bitcoin does cost milions and need whales supports, to keep the dump or pump for a while and then let the market to test the values.

prices will be manipulated for years to come. but the more forward of capital that should you spend to manipulate the price of bitcoin will be even greater because users will be more and more over time

Yeah and there will be a time that there will be no more manipulation in just dumping and pumping because bitcoin will be too much expensive for them. The risk would be higher if they just then they got the wrong prediction, instead of going down it goes up because of big demands.
The manipulation will only be with false news that will be spread through out the bitcoin forums.

mornabo

hero member

Activity: 1148

Merit: 504

Quote from: Rinder on March 28, 2017, 08:47:46 PM

Well bitcoin can be manipulated since the begining, now is more clear that some whales group, as well good or bad news does make price to change, but the worse is the attacks over exchanges or big projects with a lot btc from users, that make they left or loose their full capital. Nowadays a manipulation at bitcoin does cost milions and need whales supports, to keep the dump or pump for a while and then let the market to test the values.

prices will be manipulated for years to come. but the more forward of capital that should you spend to manipulate the price of bitcoin will be even greater because users will be more and more over time

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: LuanX3 on March 30, 2017, 09:54:50 AM

I think someone is manipulating it already. It might not be a single person but many of them are. It's quite easy to manipulate it as it doesn't take that much money to do it as the whole value of all the current coins are not really that much that billionaires cannot control it. They can pump and dump coins at will

There is no way to tell market manipulation from "legit" price moves

If someone starts massively buying up bitcoins or just dumps his bulky stash of bitcoins all of a sudden all at once, and this heavily affects the prices, would that count as market manipulations? I guess that would be what any market is susceptible too. But what is price manipulation then? For example, Mt. Gox with their Willy the bot was artificially bidding up prices, but if someone just sells or buys a bunch of "real" bitcoins (not what Willy did buy selling dollars which it didn't have), it is debatable whether we can call this manipulation in the true sense of the word

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: LuanX3 on March 30, 2017, 09:54:50 AM

I think someone is manipulating it already. It might not be a single person but many of them are. It's quite easy to manipulate it as it doesn't take that much money to do it as the whole value of all the current coins are not really that much that billionaires cannot control it. They can pump and dump coins at will.

Yes I agree with you and it is really happening until now. They tried to make bitcoin fall just to get more. I think this is a good strategy but will only work with a teamwork of different large quantity holders of bitcoin.
We know we have millions of bitcoin out now so they would need at least 5 digits of it to make it really work. 5 digit per person, maybe to create around 6 to 7 digits to make a successful manipulation.

LuanX3

hero member

Activity: 756

Merit: 505

I think someone is manipulating it already. It might not be a single person but many of them are. It's quite easy to manipulate it as it doesn't take that much money to do it as the whole value of all the current coins are not really that much that billionaires cannot control it. They can pump and dump coins at will.

Maximilian_333

member

Activity: 88

Merit: 10

I agree with you. Even just one not confirmed the news that China may impose restrictions on operations with bitcoin led to panic and drop the course. And what will happen if they take action?

bitcoinisbest

hero member

Activity: 1218

Merit: 557

This is not at all possible for an individual or unless you hold majority of the coins with you. China do hold majority of coins and if entire country decides to sell in case of ban in China market fill fall like a ball from the top floor falls to the ground.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: Kemarit on March 30, 2017, 07:11:07 AM

Quote from: andrei56 on March 29, 2017, 09:39:15 PM

Quote from: BitcoinPC on March 22, 2017, 09:52:14 AM

Quote from: andrei56 on March 29, 2017, 09:39:15 PM

Every transaction moves the price but only the heavy hitters move it to any noticeable amount.

Exactly, big whales does and capable to make the price move like if they sale they hold coins for sure the value will gonna crashed down and so if they purchased and buy coins the value will rises again. We hope big whales continue to hold theirs and buy more.

if the user is increasing over time and bitcoin users have been very large then the great whales would be very difficult to make price changes even each of them to do something

As time passes and more people get into bitcoin then it becomes harder for the whales to manipulate the price as easily but at this moment there is no denying they still hold a tight grip on bitcoin since they still hold lots of coins.

For me the whales will not simply go away from bitcoin ecosystem they are going to stay at the background and grab every opportunity to gain huge profits.While bitcoin's volatility provides opportunities for small time traders like us, imagine how big whales will take advantage of the situation, thus manipulating the price of bitcoin. However, if we, the bitcoin user base keeps expanding in the future and help improve trading volume, then the market price of bitcoin will be less dependent on speculation and would make it less influence by those whales out there.

The volume of the bitcoin users are keep on expanding and now it is getting bigger and bigger because of gaining more popularity of bitcoin. I think even the whales now are having hard times in manipulating or dictating the price of the bitcoin because of very huge volume of users and now it requires them a lot of money like million dollars just to execute a good manipulation.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: BitcoinPC on March 22, 2017, 09:52:14 AM

Quote from: andrei56 on March 29, 2017, 09:39:15 PM

Every transaction moves the price but only the heavy hitters move it to any noticeable amount.

Exactly, big whales does and capable to make the price move like if they sale they hold coins for sure the value will gonna crashed down and so if they purchased and buy coins the value will rises again. We hope big whales continue to hold theirs and buy more.

if the user is increasing over time and bitcoin users have been very large then the great whales would be very difficult to make price changes even each of them to do something

As time passes and more people get into bitcoin then it becomes harder for the whales to manipulate the price as easily but at this moment there is no denying they still hold a tight grip on bitcoin since they still hold lots of coins.

For me the whales will not simply go away from bitcoin ecosystem they are going to stay at the background and grab every opportunity to gain huge profits.While bitcoin's volatility provides opportunities for small time traders like us, imagine how big whales will take advantage of the situation, thus manipulating the price of bitcoin. However, if we, the bitcoin user base keeps expanding in the future and help improve trading volume, then the market price of bitcoin will be less dependent on speculation and would make it less influence by those whales out there.

GreenBits

legendary

Activity: 1148

Merit: 1048

Quote from: BitcoinPC on March 22, 2017, 09:52:14 AM

Every transaction moves the price but only the heavy hitters move it to any noticeable amount.

Exactly, big whales does and capable to make the price move like if they sale they hold coins for sure the value will gonna crashed down and so if they purchased and buy coins the value will rises again. We hope big whales continue to hold theirs and buy more.

if the user is increasing over time and bitcoin users have been very large then the great whales would be very difficult to make price changes even each of them to do something

As time passes and more people get into bitcoin then it becomes harder for the whales to manipulate the price as easily but at this moment there is no denying they still hold a tight grip on bitcoin since they still hold lots of coins.

It is still possible to manipulate the price on smaller exchanges, but it isn't as useful as the volume on said exchanges is dreadful. But you are right, the market has too many participants to manipulate in a meaningful way. Even a multi actor attempt could be foiled; at extreme, crippling expense.

Not worth it.

andrei56

sr. member

Activity: 840

Merit: 254

Quote from: BitcoinPC on March 22, 2017, 09:52:14 AM