Can we Manipulate Bitcoin price? - page 33.

RealPhotoshoper

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Quote from: asriloni on February 28, 2017, 02:24:29 AM

Quote from: PancherBitCoin on February 27, 2017, 01:56:27 PM

Quote from: Diced90 on February 27, 2017, 11:50:24 AM

Quote from: PaymyBills on February 27, 2017, 11:22:17 AM

Only the big whales of 10.000 BTC would be able to have an impact on the price, and even then, it would be minimum.

We saw hundred of thousands of BTC stolen from Bitfinex and we saw a flash crash and we are already recovering. The amount of money you would need is simply too damn high.

IMHO whales holding 10.000 BTC are not fond of dumping coins because the believe bitcoins potential has not yet reached, unless the carried out a coordinated dumping to manipulate prices.

Having the number of coins is very easy to influence the market and do so competently to direct at low prices could buy more bitcoin.

More demands and it will very difficult to manipulate the price of bitcoin. but it depend on the situation of the bitcoin market. if he dump on the bearish trend and it will give him more.

how about the bitcoin 51% attack? technically bitcoin price could be manipulated.
that's why Gavin Andresen have said to recommend every miner to join the smaller pool to mining rather than to make only one pool getting bigger.
this is a serious threat i guess , bitcoin currently is manipulatable.

Fatanut

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Quote from: gandame on February 27, 2017, 04:19:55 PM

I don't think we can manipulate bitcoin price because its price will become bigger if the demand will rise higher. If more will need bitcoin so they will buy more of it so the economy will be better for digital currency. When the demand slows and the buying will decrease, price wil will also be affected it became more cheaper compared from previous with higher price. We are the profit makers of bitcoin price and it matters on your decision whether you sell or buy.

You are just explaining how the market works. Basically what happens is when someone's buying, the price increase. Otherwise, it will decrease. Nothing so special at all but that's what price pump-and-dumpers take advantage of. They pump the market, and spread rumors that it's a good buy, and when the price has increased enough, they will dump their coin. And since it will create panic selling, the price will decrease even more, then they can buy at a lower price again.

Now why does price manipulation doesn't happen often despite the fact that it's easy to do. One thing, the whales are not after that. They are in this for the long run. And they are thinking that it will be much better for the whole bitcoin community if no one is going to rape its market by doing pump and dump.

tl;dr: Yes, we can manipulate the bitcoin price if we have enough money but when you're at that position, you would realize that holding your coins will be much better.

Price manipulation usually happens in altcoins because the volume is much lesser and an average bitcoin user can do a pump and dump there.

Finestream

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Quote from: Mr.grin on February 28, 2017, 12:49:15 AM

Quote from: epitome on February 28, 2017, 12:41:19 AM

Quote from: Gerlysheyn on February 27, 2017, 07:02:33 PM

Yes we can manipulate it because we have our own knowledge, skills and ability to run a business while it is in our hands. As we face the world of business we must know how to make it low or high it is depends on the participation of value of its product.

If you are this stupid i am sure you really cannot manipulate anything. Cheesy

When you are talking about manipulating the price of bitcoin you are talking something else. If you are investing a large amount of money or if you are holding a huge amount of bitcoins you could create panic and influence the price of bitcoin.

you are right. only people who have very much money could manipulate the price of bitcoin. even in 2000 BTC will not be enough to manipulate the price of bitcoin. you must have more than thousands of bitcoin in order to regulate the price of bitcoin. maybe just big companies that can make the price of bitcoin be down or up, albeit slightly.

That's a pretty small amount are talking, check on the total bitcoins in the circulation now and that amount is not even 10% of the total circulation. It's enough that we know the price can be manipulated as that is necessary for us when deciding on our investment, if this people will only manipulate for the better good of bitcoin then there is nothing to worry.

As the price has increased, it has really make them richer so they will continue with that trend.

asriloni

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Quote from: PancherBitCoin on February 27, 2017, 01:56:27 PM

Quote from: Diced90 on February 27, 2017, 11:50:24 AM

Quote from: PaymyBills on February 27, 2017, 11:22:17 AM

Only the big whales of 10.000 BTC would be able to have an impact on the price, and even then, it would be minimum.

We saw hundred of thousands of BTC stolen from Bitfinex and we saw a flash crash and we are already recovering. The amount of money you would need is simply too damn high.

IMHO whales holding 10.000 BTC are not fond of dumping coins because the believe bitcoins potential has not yet reached, unless the carried out a coordinated dumping to manipulate prices.

Having the number of coins is very easy to influence the market and do so competently to direct at low prices could buy more bitcoin.

More demands and it will very difficult to manipulate the price of bitcoin. but it depend on the situation of the bitcoin market. if he dump on the bearish trend and it will give him more.

Mr.grin

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Quote from: epitome on February 28, 2017, 12:41:19 AM

Quote from: Gerlysheyn on February 27, 2017, 07:02:33 PM

Yes we can manipulate it because we have our own knowledge, skills and ability to run a business while it is in our hands. As we face the world of business we must know how to make it low or high it is depends on the participation of value of its product.

If you are this stupid i am sure you really cannot manipulate anything. Cheesy

When you are talking about manipulating the price of bitcoin you are talking something else. If you are investing a large amount of money or if you are holding a huge amount of bitcoins you could create panic and influence the price of bitcoin.

you are right. only people who have very much money could manipulate the price of bitcoin. even in 2000 BTC will not be enough to manipulate the price of bitcoin. you must have more than thousands of bitcoin in order to regulate the price of bitcoin. maybe just big companies that can make the price of bitcoin be down or up, albeit slightly.

epitome

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Quote from: Gerlysheyn on February 27, 2017, 07:02:33 PM

Yes we can manipulate it because we have our own knowledge, skills and ability to run a business while it is in our hands. As we face the world of business we must know how to make it low or high it is depends on the participation of value of its product.

If you are this stupid i am sure you really cannot manipulate anything. Cheesy

When you are talking about manipulating the price of bitcoin you are talking something else. If you are investing a large amount of money or if you are holding a huge amount of bitcoins you could create panic and influence the price of bitcoin.

PaymyBills

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Quote from: X-ray on February 27, 2017, 09:14:41 PM

Quote from: PaymyBills on February 27, 2017, 04:22:58 PM

We have many people working with btc in these days, and this price, give a fucking support, only a BIG FUD coming from a big market like china can manipulate this market in this days

Nope, you will not see the Chinese FUD again. PBOC has restricted it. so we will see the price of bitcoin will always increase everytime. fake volume of the Chinese exchange already got audit.

I think Chinese is nothing right now.

My mind about china is more then jus a fake volume with lending.

I think about govement working on this, in a secret position, but working.

China is the best in reverse engineer, no he looking for your own cryptocurrency. This is like a goverment working on

X-ray

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Quote from: PaymyBills on February 27, 2017, 04:22:58 PM

We have many people working with btc in these days, and this price, give a fucking support, only a BIG FUD coming from a big market like china can manipulate this market in this days

Nope, you will not see the Chinese FUD again. PBOC has restricted it. so we will see the price of bitcoin will always increase everytime. fake volume of the Chinese exchange already got audit.

I think Chinese is nothing right now.

giveen

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Quote from: PaymyBills on February 27, 2017, 11:22:17 AM

Only the big whales of 10.000 BTC would be able to have an impact on the price, and even then, it would be minimum.

We saw hundred of thousands of BTC stolen from Bitfinex and we saw a flash crash and we are already recovering. The amount of money you would need is simply too damn high.

Yeah that's actually true in order to manipulate or control the price we need lots of bitcoins , but as normal people it is for sure that we won't be able to control it. There are other ways of controlling like the chinese are doing but for that we need to be famous or be a kind of person to whom thousands of people listen and follow.

Gerlysheyn

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Yes we can manipulate it because we have our own knowledge, skills and ability to run a business while it is in our hands. As we face the world of business we must know how to make it low or high it is depends on the participation of value of its product.

cryptoblazter

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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

I guess the only thing which I know to manipulate the value of bitcoin are those whale investors to will buy a huge volumes of bitcoinBTC. but when you say the community, no it can't be.

CyberKuro

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Quote from: gandame on February 27, 2017, 04:19:55 PM

I don't think we can manipulate bitcoin price because its price will become bigger if the demand will rise higher. If more will need bitcoin so they will buy more of it so the economy will be better for digital currency. When the demand slows and the buying will decrease, price wil will also be affected it became more cheaper compared from previous with higher price. We are the profit makers of bitcoin price and it matters on your decision whether you sell or buy.

We can manipulate the price, it happen in every rise when people can't hold themselves to get profits by trading even though just a couple of dollars. But is seems not worth to get less than $100, so you need at least buy when it's $1000 and wait for $100 increase to achieve that goal. If the current price at $1200, many people could get $200 profits, who can resist the temptation?

mornabo

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Quote from: PaymyBills on February 27, 2017, 04:22:58 PM

We have many people working with btc in these days, and this price, give a fucking support, only a BIG FUD coming from a big market like china can manipulate this market in this days

I think China will be increasingly difficult to manipulate the price of bitcoin in line with the growing many total users bitcoin as the demand and supply will be increasingly difficult in manipulation

PaymyBills

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Quote from: Lancusters on February 27, 2017, 04:57:36 PM

I think that bitcoin is a commodity, like commodities that we buy on the market. And therefore it is subject to the same laws of supply and demand. We are minor holders of bitcoin and maybe have not greatly affect the situation on the market, but the big whales can change it's price.

Bitcoin is not a commodity. Bitcoin is a coin, monetary coin, btc is not like gold or oil, btc can be used to buy everything, and soon can ne used in our day, everywhere

hase0278

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Quote from: richardsNY on February 27, 2017, 05:00:29 PM

Quote from: PaymyBills on February 27, 2017, 04:22:58 PM

We have many people working with btc in these days, and this price, give a fucking support, only a BIG FUD coming from a big market like china can manipulate this market in this days

China is now the one following other exchanges. Right now the manipulation can come from basically any large exchange. It's not that the markets are focusing on China anymore. People have been tricked into thinking that the Chinese exchanges were the most important authority like figure in Bitcoin, but they are not. Even when Chinese fud is finding its way to the internet, the impact will be lower than it was before -- China's significance is lowering.

I agree with you, since people got used to Chinese spreading fud for bitcoin to dump. China's significance is lowering as you said. As bitcoin is becoming more distributed among countries, their dominance in terms of bitcoin volume decreases which makes way for a new country to go on par with them. Right now, price can be manipulated but Chinese is already out of the question since their impact on the bitcoin market is lessening.

richardsNY

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Quote from: PaymyBills on February 27, 2017, 04:22:58 PM

We have many people working with btc in these days, and this price, give a fucking support, only a BIG FUD coming from a big market like china can manipulate this market in this days

China is now the one following other exchanges. Right now the manipulation can come from basically any large exchange. It's not that the markets are focusing on China anymore. People have been tricked into thinking that the Chinese exchanges were the most important authority like figure in Bitcoin, but they are not. Even when Chinese fud is finding its way to the internet, the impact will be lower than it was before -- China's significance is lowering.

Lancusters

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I think that bitcoin is a commodity, like commodities that we buy on the market. And therefore it is subject to the same laws of supply and demand. We are minor holders of bitcoin and maybe have not greatly affect the situation on the market, but the big whales can change it's price.

PaymyBills

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We have many people working with btc in these days, and this price, give a fucking support, only a BIG FUD coming from a big market like china can manipulate this market in this days

gandame

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I don't think we can manipulate bitcoin price because its price will become bigger if the demand will rise higher. If more will need bitcoin so they will buy more of it so the economy will be better for digital currency. When the demand slows and the buying will decrease, price wil will also be affected it became more cheaper compared from previous with higher price. We are the profit makers of bitcoin price and it matters on your decision whether you sell or buy.

PancherBitCoin

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Quote from: Diced90 on February 27, 2017, 11:50:24 AM

Quote from: PaymyBills on February 27, 2017, 11:22:17 AM

Only the big whales of 10.000 BTC would be able to have an impact on the price, and even then, it would be minimum.

We saw hundred of thousands of BTC stolen from Bitfinex and we saw a flash crash and we are already recovering. The amount of money you would need is simply too damn high.

IMHO whales holding 10.000 BTC are not fond of dumping coins because the believe bitcoins potential has not yet reached, unless the carried out a coordinated dumping to manipulate prices.

Having the number of coins is very easy to influence the market and do so competently to direct at low prices could buy more bitcoin.

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