Can we Manipulate Bitcoin price? - page 30.

Alfa123

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Quote from: Astvile on March 09, 2017, 08:06:24 AM

Bitcoins price is based on supply and demand on the market.More demand higher price more supply down price.Yes you can manipulate bitcoins price if you hold a huge supply or supply that may be enough to sell or buy in the current market status

I do not think that there are many people who hold a large number of bitcoins in order to manipulate the price. But this assumption can not be ignored.

Astvile

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Bitcoins price is based on supply and demand on the market.More demand higher price more supply down price.Yes you can manipulate bitcoins price if you hold a huge supply or supply that may be enough to sell or buy in the current market status

Xester

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Quote from: wuvdoll on March 07, 2017, 10:45:44 PM

Quote from: Sir Legend on March 06, 2017, 01:16:49 AM

Sure you can, remember bitcoin found for freedom, all we can do. We can manipulate the bitcoin if we have sufficient stock, everyone will agree and do not complain if you can control it.

Manipulating the price of bitcoins is the basic element that controls the price of bitcoins. Somewhere I read earlier that china's some rich guys or company took huge amount of bitcoins and hence made the price fly and this helped them since the rise in price meant that more guys would buy bitcoins and hence once they see a good price they just dump their coins.

The key to the increase of bitcoins is not the manipulation of the price but the demand of the users over the supply of bitcoin. Even if the whales will dispose their bitcoin and the price will go down in a sudden price deflation the users will be happy and will buy more bitcoins. Price manipulation today does not matter as the number of users grew more and more bitcoin are being distributed.

deisik

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Quote from: TastyChillySauce00 on March 08, 2017, 06:43:31 AM

Quote from: Flamma on March 08, 2017, 03:35:37 AM

I fear its possible now! Bitcoin is already too diversified! Now it is nearly impossible for single seller or buyer to influence price of Bitcoin in any way! It moves greatly owing to forces of market for example the demand and supply. Bigtime traders can, there is no limit with the supply. Imagine someone who hold 100 - 500 btc? He / she can immobilize the price much!

100 - 500 BTC is actually considered as a small amount if you realise that bitcoin now currently has Market cap about $19,696,817,064 and it's not even 5%. I can't argue that some people may affect bitcoin's price by simply dumping but, he must have at least more than million dollars to do it, and the question is, whom of those riches want to waste that much of money for the sake of dumping bitcoin?

Market cap is inconsequential to your point (at least, short-term)

It is basically a product of multiplication of the current price by the number of bitcoins mined so far. The number of bitcoins grows insignificantly within just a few months, so it is the price that affects the market cap mostly. But high price is as equally applicable to the same number of bitcoins as low, i.e. 500 BTC will remain the same 500 BTC, no matter what the price might be. In reality, though, with higher prices the impact of selling or buying so many bitcoins will actually increase, which is contrary to your claim

Pattart

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Quote from: zokora on March 08, 2017, 08:08:39 AM

yes of course, if you have a big stock of bitcoin. you can do that. Individuals in this site have different purposes and risks and target, so it wont work.

not only has many bitcoin but at least you have to have thousands of bitcoin and have more capital reserves if manipulation did not work because even if you have a large capital even though it does not guarantee it will succeed

Fireblade

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Quote from: Flamma on March 08, 2017, 03:35:37 AM

I fear its possible now! Bitcoin is already too diversified! Now it is nearly impossible for single seller or buyer to influence price of Bitcoin in any way! It moves greatly owing to forces of market for example the demand and supply. Bigtime traders can, there is no limit with the supply. Imagine someone who hold 100 - 500 btc? He / she can immobilize the price much!

yes nothing is impossible in this world, but i think now it is becoming more and more difficult to manipulate the price of bitcoin. in fact bitcoin is now becoming more and more popular and people are accepting it as currency so as soon as the number of bitcoin users is increasing it is becoming more and more difficult even for the bit whale to manipulate the price of bitcoin.

lordquanta

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Looking at recent price fluctuations, it does seems that prices are being manipulated. Prices are observing bit of dump now.

NEWGOODOUBLE

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Quote from: Macai on March 08, 2017, 02:28:45 AM

I dont think so, only the market will.. If one can then he must be very man who can an have power to do that...

it means that the price of bitcoin can be manipulated but you need a very large force. include substantial capital, a good team, good luck, etc. without the power that you will not be able to manipulate the price of bitcoin

noormcs5

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Quote from: zokora on March 08, 2017, 08:08:39 AM

yes of course, if you have a big stock of bitcoin. you can do that. Individuals in this site have different purposes and risks and target, so it wont work.

Yeah, that is why big whales can manipulate the price, they have big stocks on bitcoin.
If you want too, buy large amount of bitcoin store it in your wallet and the value will gonna blow
up, and once it happen then there you can see the proof on how to manipulate the coin.

zokora

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yes of course, if you have a big stock of bitcoin. you can do that. Individuals in this site have different purposes and risks and target, so it wont work.

genny2kuk

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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

Being able to achieve this will take so much effort that I think makes it unsustainable over a long period of time

kidoseagle0312

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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

Only the whaler investors had a capacity to manipulate the price of bitcoin and make a huge profit. Also the exchanger too has a capacity too to manipulate the value of bitcoin with a volume orders of bitcoin. But the community here alone in this thread, No it cannot be, it wouldn't be much possible. As you can see the chances of increasing of bitcoin now is depending on the the big capital of the investors.

giveen

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Quote from: deisik on March 07, 2017, 03:15:49 PM

Quote from: giveen on March 07, 2017, 03:02:01 PM

Quote from: socks435 on March 06, 2017, 06:45:41 PM

Quote from: Cherylstar86 on March 06, 2017, 06:26:52 PM

We could not manipulate bitcoin price but if those people who think they are, well their purpose is to dump all their coins and invest again Well anyway no matter what happens btc price will still at fluctuation always and if that strategy makes other people be profit, then I will say its only has 30% possibility to happen.

No one can manipulate except for a group who are holding lots of bitcoin and they can dump and buy. if you know there are some group are just giving signal if they are really planning to dump the price since they are large number of group they can push down the price or if they give a signal the price could be increase more they can and buy more bitcoin that can push the value of bitcoin..

That's true and kind of sad because most of us aren't those people who can control the price but those big group can decide to sell all their bitcoins whenever they want and after they sell their is a price crash and after that if they don't decide to buy it again it can cause lot's of trouble to the smaller investors as it may take time for the price to go high again

Well, your complaints are kinda not founded

I guess quite a lot of people right now want to see the price go down a few hundred dollars to buy up cheap bitcoins. In fact, whenever we saw the price go down dramatically, it had been not because of some evil group of big whales (let's call them a pod of cryptowhales) manipulating the price down but largely because of hacks (the Bitfinex incident) or scams (Mt. Gox). The manipulators seem to be more inclined to manipulate the price up rather than down overall

No i don't think so why would the price go down to 800$ or below when china gave a statement that bitcoin is a risky investment.
It is obvious it was because of over selling. You may be right that this may be because of some sort of hack as currently bitcoin has a big
market cap and stuff. I got this theory from dash as we all saw a big investor was simply playing with it

blackhawkeye1912

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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

If you are asking individualy, well it is too impossible to manipulate the price of bitcoin unless if you are a big investors who has a billions of dolllars that can afford to invest into bitcoin with such amount. I think in that case you can increase the value of it anyhow.

Mansch

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The price is manipulated by the big investors only I guess who have tons of money invested in bitcoins and elsewhere

TastyChillySauce00

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Quote from: Flamma on March 08, 2017, 03:35:37 AM

I fear its possible now! Bitcoin is already too diversified! Now it is nearly impossible for single seller or buyer to influence price of Bitcoin in any way! It moves greatly owing to forces of market for example the demand and supply. Bigtime traders can, there is no limit with the supply. Imagine someone who hold 100 - 500 btc? He / she can immobilize the price much!

100 - 500 BTC is actually considered as a small amount if you realise that bitcoin now currently has Market cap about $19,696,817,064 and it's not even 5%. I can't argue that some people may affect bitcoin's price by simply dumping but, he must have at least more than million dollars to do it, and the question is, whom of those riches want to waste that much of money for the sake of dumping bitcoin?.

Harlot

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Quote from: olushakes on March 08, 2017, 06:29:06 AM

Our little effort can actually make a difference but because we didnt take it together, thats why it seems our individual efforts does not matter. Little did we know that when I decided to sell my 1btc and we have another 1 million individuals around the world doing so at the same time then we would have succeeded in driving down the price without any of us knowing that our action or inaction led to that. But where the problem is we agreeing that this is what we want to do and follow through then our objective can be achieved loud and clear.

Yes that is right, there are 2 situations in which we can influence the price of something it is when a person offloads or buys massive amount of it, obviously it will affect the price to go down and up, respectively. And the other thing is when at least 10% of the holders did the same thing and will create a ripple effect in the market. That is the power of a person on how it can influence the price.

olushakes

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Our little effort can actually make a difference but because we didnt take it together, thats why it seems our individual efforts does not matter. Little did we know that when I decided to sell my 1btc and we have another 1 million individuals around the world doing so at the same time then we would have succeeded in driving down the price without any of us knowing that our action or inaction led to that. But where the problem is we agreeing that this is what we want to do and follow through then our objective can be achieved loud and clear.

Flamma

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I fear its possible now! Bitcoin is already too diversified! Now it is nearly impossible for single seller or buyer to influence price of Bitcoin in any way! It moves greatly owing to forces of market for example the demand and supply. Bigtime traders can, there is no limit with the supply. Imagine someone who hold 100 - 500 btc? He / she can immobilize the price much!

Macai

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I dont think so, only the market will.. If one can then he must be very man who can an have power to do that...

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