Can we Manipulate Bitcoin price? - page 27.

Xester

hero member

Activity: 994

Merit: 544

Quote from: batang_bitcoin on March 20, 2017, 04:19:53 AM

Quote from: tooley on March 20, 2017, 03:38:40 AM

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

Yes those big people or should I say people that has big amount of bitcoins are the ones that are capable of manipulating the bitcoins price. And right now, we are seeing on how they are manipulating the price of bitcoin and too bad for us who are just small holders we are just going along with the flow of these whales.

Not only big whales or miners could manipulate the price of bitcoin but also the power of the masses. If a big number of bitcoin holders started to panic and dumped their bitcoins the price will suddenly dropped but if they were convinced that bitcoin is good to go the price will inflate no matter what. At this point of time the power of the masses in the bitcoin community is much stronger than the whales. The whales have dumped bitcoin man times but the large number of bitcoin supporters saw this as an opportunity to get hold of bitcoins and thus the price deflation has turn into price increase.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: tooley on March 20, 2017, 03:38:40 AM

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

Yes those big people or should I say people that has big amount of bitcoins are the ones that are capable of manipulating the bitcoins price. And right now, we are seeing on how they are manipulating the price of bitcoin and too bad for us who are just small holders we are just going along with the flow of these whales.

whizter

hero member

Activity: 588

Merit: 500

Quote from: Strongkored on March 18, 2017, 08:46:09 AM

Only people who have many Bitcoin can manipulate the Bitcoin price and maybe they join a group to manipulating the price, need a large amount to manipulate the Bitcoin price.

my be it was possible in past but in present time it may not be possible because now the users of bitcoin are increasing more and more and so it is now becoming more difficult for a single person or group of people to manipulate the price of bitcoin.

tooley

newbie

Activity: 6

Merit: 0

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

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

Quote from: wxa7115 on March 20, 2017, 01:18:14 AM

Quote from: megynacuna on March 19, 2017, 04:14:58 PM

Quote from: BlokF4No27 on March 15, 2017, 03:43:02 AM

Of course we can, no secret again if china is the largest owner of the bitcoin, many forums which states they unite for get the benefit of the price of the bitcoin.

Well it's worrying but it's possible China can manipulate the prices single handed due to their stake in the Bitcoin mining network and the amount of Bitcoin owners and bitcoins in their possession. The prices are generally regulated by demand and supply and since they have more in their possession they can either creat a demand (by refusing to sell) or create an abundance of supply.

But that will require the collaboration and coordination of thousands of individuals and organization, I think it it is way more likely that just a few big whales are the ones trying to manipulate the price of bitcoin since that is way easier to coordinate than many individuals.

It's either a small group of whales are manipulating the price because it's hard to make a bigger group that would cooperate in manipulating the price.
Although I don't know who really are manipulating the price but I believe it's happening because the price movement is not normal anymore, one time it will pump and the next thing will happen is dump.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: megynacuna on March 19, 2017, 04:14:58 PM

Quote from: BlokF4No27 on March 15, 2017, 03:43:02 AM

Of course we can, no secret again if china is the largest owner of the bitcoin, many forums which states they unite for get the benefit of the price of the bitcoin.

Well it's worrying but it's possible China can manipulate the prices single handed due to their stake in the Bitcoin mining network and the amount of Bitcoin owners and bitcoins in their possession. The prices are generally regulated by demand and supply and since they have more in their possession they can either creat a demand (by refusing to sell) or create an abundance of supply.

But that will require the collaboration and coordination of thousands of individuals and organization, I think it it is way more likely that just a few big whales are the ones trying to manipulate the price of bitcoin since that is way easier to coordinate than many individuals.

megynacuna

sr. member

Activity: 756

Merit: 253

Quote from: BlokF4No27 on March 15, 2017, 03:43:02 AM

Of course we can, no secret again if china is the largest owner of the bitcoin, many forums which states they unite for get the benefit of the price of the bitcoin.

Well it's worrying but it's possible China can manipulate the prices single handed due to their stake in the Bitcoin mining network and the amount of Bitcoin owners and bitcoins in their possession. The prices are generally regulated by demand and supply and since they have more in their possession they can either creat a demand (by refusing to sell) or create an abundance of supply.

pseexh

sr. member

Activity: 301

Merit: 250

I'm not sure that simple bitcoin holders can influence the price. The main manipulators are Chinese miners. A lot depends on them and they are able to influence the value of the coin.

Paid Piper

sr. member

Activity: 329

Merit: 254

Quote from: Strongkored on March 18, 2017, 08:46:09 AM

Only people who have many Bitcoin can manipulate the Bitcoin price and maybe they join a group to manipulating the price, need a large amount to manipulate the Bitcoin price.

i do not think that now it is such an easy job to manipulate the price of bitcoin. because the bitcoin users are now increasing continuously and therefore now it is becoming more and more difficult to manipulate the price of bitcoin.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: pinkpanther03 on March 18, 2017, 08:29:09 AM

Quote from: European Central Bank on April 24, 2016, 04:58:38 PM

Nope. There's always someone with more money and more greed out there waiting to play you. And let's not get started on some of the exchanges themshelves.

We cannot manipulate the price of bticoin, Only the people can do that was the person who has a large group to dump or pump it. Or the the whales investor can possibly manipulate it.

I think exchanges also have the resources to manipulate the price of bitcoin to their own benefit, it does not mean they do it, but it is another party that could engage in such activities, also those that spread FUD may lower the price significantly if the rumor spread.

Kabul

sr. member

Activity: 619

Merit: 250

Quote from: pinkpanther03 on March 18, 2017, 08:29:09 AM

Quote from: European Central Bank on April 24, 2016, 04:58:38 PM

Nope. There's always someone with more money and more greed out there waiting to play you. And let's not get started on some of the exchanges themshelves.

We cannot manipulate the price of bticoin, Only the people can do that was the person who has a large group to dump or pump it. Or the the whales investor can possibly manipulate it.

That is why we scare the China so much. They have had a lot of Bitcoin and they can easily change the prices after selling or buying it with a large amount. Most of the Bitcoin exist on the earth are locating in this country and many big mining farm are here too. Well, hope that they will release all of bitcoin when they find another useful alt

stevano

sr. member

Activity: 423

Merit: 251

seems difficult at all to manipulate the price of bitcoin, because I think that determines the price of bitcoin is the users themselves, if they are selling them together in large numbers, then the effect will taste the bitcoin prices.

taxmanmt5

legendary

Activity: 1190

Merit: 1024

Quote from: BlokF4No27 on March 15, 2017, 03:43:02 AM

Of course we can, no secret again if china is the largest owner of the bitcoin, many forums which states they unite for get the benefit of the price of the bitcoin.

Yes, exactly, one more is once you buy big amount of coin and hold it for so long then it can cause of the high value of bitcoin, it affects totally the fluctuation of it value. Single person cant manipulate much bitcoin price.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Only people who have many Bitcoin can manipulate the Bitcoin price and maybe they join a group to manipulating the price, need a large amount to manipulate the Bitcoin price.

pinkpanther03

hero member

Activity: 1092

Merit: 501

Quote from: European Central Bank on April 24, 2016, 04:58:38 PM

Nope. There's always someone with more money and more greed out there waiting to play you. And let's not get started on some of the exchanges themshelves.

We cannot manipulate the price of bticoin, Only the people can do that was the person who has a large group to dump or pump it. Or the the whales investor can possibly manipulate it.

mornabo

hero member

Activity: 1148

Merit: 504

Quote from: crockoo on March 15, 2017, 01:51:03 PM

Quote from: Gameroid on March 15, 2017, 10:38:38 AM

Quote from: Bitcoin0916 on March 15, 2017, 03:37:57 AM

Quote from: zidanw on March 14, 2017, 11:17:48 PM

because decentral bitcoin the prices are determined by supply and demand I thought to manipulate the price of bitcoin must to require a lot of bitcoin probably about 60%bitcoin of the world.

Exactly, if we want to manipulate the bitcoin surely we must have a larger than outstanding stock. On this time I have not found the news stating that anyone has the dominant, so I'm sure that the price of bitcoin is natural, depending on demand and supply.

in fact it is possible to manipulate the price of bitcoin but still it not such an easy job, i think not it is becoming difficult to manipulate the price of bitcoin because the users of bitcoin are increasing from time to time.

I agree - the user is getting bigger and bigger and Bitcoin can not be concentrated in the same hands. Due to this, a group of people can not manipulate the price of bitcoins

therefore I would be very happy when the deployment of bitcoin, and bitcoin rapid adoption because with it the user will continue to have hands from around the world and certainly the manipulation will be increasingly difficult in doing

mastermold

full member

Activity: 168

Merit: 100

The biggest way is through the use of trading bots in exchanges. One can be setup, for instance to buy Bitcoin for nothing. I am speaking plainly, of course, because what the exchange would do is actually credit the sellers accounts with USD balances. Though in truth they may have no intention of ever allowing those balances to be withdrawn because in the best case scenario, they are running a fractional exchange banking model and they intend to pay for those liabilities with future profits, or in the worst case scenario they just simply intend to defraud their customers and declare a bankruptcy due to a hack.

That is really the only way you can manipulate the price of bitcoin. That is, dishonest exchanges are the only ones that can manipulate the price of bitcoin. Arguably there are enough diverse exchanges now that any one of them driving up the price would receive serious difficulty by arbitrageurs working across other exchanges. No individual no matter how large is able to single handed manipulate the price of Bitcoin anymore. The moment when we could say that fact with confidence was the moment bitcoin successfully passed the bootstrapping stage and became a real money.

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: Gameroid on March 15, 2017, 10:38:38 AM

Quote from: Bitcoin0916 on March 15, 2017, 03:37:57 AM

Quote from: zidanw on March 14, 2017, 11:17:48 PM

because decentral bitcoin the prices are determined by supply and demand I thought to manipulate the price of bitcoin must to require a lot of bitcoin probably about 60%bitcoin of the world.

Exactly, if we want to manipulate the bitcoin surely we must have a larger than outstanding stock. On this time I have not found the news stating that anyone has the dominant, so I'm sure that the price of bitcoin is natural, depending on demand and supply.

in fact it is possible to manipulate the price of bitcoin but still it not such an easy job, i think not it is becoming difficult to manipulate the price of bitcoin because the users of bitcoin are increasing from time to time.

No, in this time you can't manipulate the price of bitcoin. It will need a lot of the effort, like you must have the big hashrate of the bitcoin network, and it's really possible for the major chinese exchange site.
In this time there are no parties be able to manipulate bitcoin

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: Valiance on March 12, 2017, 01:29:27 PM

Quote from: stripykitteh on March 12, 2017, 01:19:39 PM

Quote from: Wapinter on April 24, 2016, 04:40:31 PM

I know there are many big players who manipulate bitcoin price and make huge profits but can we the bitcointalk members also form a cartel and let bitcoin price never fall?is it possible that we manipulate price as I am sure most of bitcoin users visit this forum

The price of Bitcoin was already manipulated and is manipulated right now as well.

Nothing new, there is really big spenders that wouldn't want to lose money within this Bitcoin thing so they make special clubs that only large Bitcoin holders could join and the pump or dump the price depending on the news or whatever they feel and the people and the news websites have to play catchup while the rich Bitcoiners are busy giggling counting the cash that they made.

Normal people, "we", can't really manipulate the price though unless we form huge collectives. I think most people on the Bitcointalk forum are mature enough not to panic sell at every little piece of bad news so we keep the price pretty safe in that regard.

Once you have enough money you can manipulate the price of anything, but I would say in most cases altcoins are a much easier target than Bitcoin due to their lower market cap and often less experienced fanbase.

This is definitely true, since the market cap of bitcoin is so high, to manipulate the price we need a huge sum of money, but in the case of altcoins the amount of money needed to manipulate the price is a lot lower due to the low market cap.

crockoo

sr. member

Activity: 262

Merit: 250

Quote from: Gameroid on March 15, 2017, 10:38:38 AM

Quote from: Bitcoin0916 on March 15, 2017, 03:37:57 AM

Quote from: zidanw on March 14, 2017, 11:17:48 PM

because decentral bitcoin the prices are determined by supply and demand I thought to manipulate the price of bitcoin must to require a lot of bitcoin probably about 60%bitcoin of the world.

Exactly, if we want to manipulate the bitcoin surely we must have a larger than outstanding stock. On this time I have not found the news stating that anyone has the dominant, so I'm sure that the price of bitcoin is natural, depending on demand and supply.

in fact it is possible to manipulate the price of bitcoin but still it not such an easy job, i think not it is becoming difficult to manipulate the price of bitcoin because the users of bitcoin are increasing from time to time.

I agree - the user is getting bigger and bigger and Bitcoin can not be concentrated in the same hands. Due to this, a group of people can not manipulate the price of bitcoins

Topic: Can we Manipulate Bitcoin price? - page 27. (Read 73544 times)