Can we Manipulate Bitcoin price? - page 43.

deisik

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Quote from: jondeen707 on December 22, 2016, 07:57:31 AM

Quote from: Exoskeleton on December 22, 2016, 01:43:41 AM

There was a time not long ago when you could buy/sell enough btc to move the market with an investment of as little as one million dollars. Not very many people had the balls or the means to try such a thing.

Today with bitcoin at $850 and climbing and well over ten million btc in circulation there is no moving the markets anymore. It would take tens of millions of dollars to really move the market these days and even then it would probably correct itself right away.

A one-time sale of, say, 1,000 to 1,500 bitcoins can definitely move the price. I'm afraid you are overly optimistic about the liquidity.

But you don't say by how much you can move the price with this amount of Bitcoin. If it is just a few dollars, then it is surely not even worth mentioning. On the other hand, I don't think that you will be able to move the price for a hundred dollars with so many (or so few) bitcoins unless the price is already going down when someone is selling a heap of coins or demand is shrinking on its own. And how many people actually have that much? This is kinda like a million dollars...

In short, there are too many factors at play to decisively claim anything

rajasumi3

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As bitcoin is decentralized there are machines who are regulating the price of bitcoins then and now .and to be fair we cant just manipulate the price of bitcoins .

Mirardowyn

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You need big parties to really influence the bitcoin but yes it is possible without any doubts, I do not think that we can do it only with small amounts and some speculations.

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Quote from: EdenHazard on December 22, 2016, 01:37:05 AM

Quote from: mornabo on December 22, 2016, 12:42:26 AM

Quote from: Text on December 21, 2016, 07:05:18 AM

No, we can't manipulate bitcoin price. No one controls it even governments, organizations or other institutions cannot. We have experienced before a massive fall of price because big exchange sites has been knocked off. It is not also possible to perform us here in the forum to manipulate the price.

I think you're wrong, you can look like a game of football, who set up the game? the players. same as bitcoin is also controlled by its users. when there are users who have more ability or can be said to have a very large bitcoin with large funds, of course they could manipulate the price of bitcoin

considering bitcoin has a fixed supply , i think the price itself can be manipulated.

let's say if some group of bitcoin miner own half of bitcoin supply , and do dumping and pumping continuously , you think it will not give them a power to manipulate the price? and of course give them a profit too.

I would agree, they called dinosaur, who already mine bitcoin at first place. But if we considering the price recently, dump pump bitcoin is have more risky and considering people who hold bitcoin itself, the holders could be rise over 300% since it's released in first place.

Quote from: iqlimasyadiqa on December 22, 2016, 08:15:33 AM

Quote from: JANGKRIK BOSS on December 22, 2016, 02:41:01 AM

I'm not sure if anyone can the manipulation of prices, if still small marketcap like Altcoin certainly could, but whether there are crazy people who want to play the price of the bitcoin marketcap is already tens of millions of dollars.

I agree with you . we see the deployment of bitcoin amount, the amount of which is fantastic of course. bitcoin is very difficult to manipulate. if you want to manipulate that person will have great wealth and also has a number of bitcoin very much.

No, personal/person cannot manipulate bitcoin, but by grouping of wealth/whales/dinosaur people could be.

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Quote from: Text on December 21, 2016, 07:05:18 AM

No, we can't manipulate bitcoin price. No one controls it even governments, organizations or other institutions cannot. We have experienced before a massive fall of price because big exchange sites has been knocked off. It is not also possible to perform us here in the forum to manipulate the price.

In fact we can manipulate the price , it is true that the government does not have control over it , but the community that has it can , if we decide not exchange the bitcoin the demand will get high and so is the price and if we all sell the price will go down, that is why the bitcoin community is divided between spenders and holders.

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Quote from: JANGKRIK BOSS on December 22, 2016, 02:41:01 AM

I'm not sure if anyone can the manipulation of prices, if still small marketcap like Altcoin certainly could, but whether there are crazy people who want to play the price of the bitcoin marketcap is already tens of millions of dollars.

I agree with you . we see the deployment of bitcoin amount, the amount of which is fantastic of course. bitcoin is very difficult to manipulate. if you want to manipulate that person will have great wealth and also has a number of bitcoin very much.

jondeen707

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Quote from: Exoskeleton on December 22, 2016, 01:43:41 AM

There was a time not long ago when you could buy/sell enough btc to move the market with an investment of as little as one million dollars. Not very many people had the balls or the means to try such a thing.

Today with bitcoin at $850 and climbing and well over ten million btc in circulation there is no moving the markets anymore. It would take tens of millions of dollars to really move the market these days and even then it would probably correct itself right away.

A one-time sale of, say, 1,000 to 1,500 bitcoins can definitely move the price. I'm afraid you are overly optimistic about the liquidity.

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Quote from: JANGKRIK BOSS on December 22, 2016, 02:41:01 AM

I'm not sure if anyone can the manipulation of prices, if still small marketcap like Altcoin certainly could, but whether there are crazy people who want to play the price of the bitcoin marketcap is already tens of millions of dollars.

Its going to get hard to just play with a large amount of money specially when the price really spiked up. That is a lot of risk to be taken if they want to buy then sell back for profit. It will be a huge loss if ever they pick the wrong decision.

JANGKRIK BOSS

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I'm not sure if anyone can the manipulation of prices, if still small marketcap like Altcoin certainly could, but whether there are crazy people who want to play the price of the bitcoin marketcap is already tens of millions of dollars.

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Quote from: deppil on December 22, 2016, 01:14:50 AM

Quote from: megynacuna on December 22, 2016, 12:54:22 AM

I doubt if manipulation is the right word, it can't be manipulated but of course raw a lot of human activities can affect it negatively or positively. For instance when a lot of miners and farms decide not to mine again, the difficulty rate will definitely go down and that could have a change on bitcoin price.

Right it also can make the price go down. yeah policies or behavior of users that includes many users also give effect to the price of bitcoin, but believe it or not there are some users who have a large capital could manipulate the price of bitcoin for their profit

policies in some countries even its restrict the usage of bitcoin but the countries only have small amount of bitcoin users then it might not really affect, and behaviour of users aren't really into the market, most of demands are now were made by traders. i don't see a true users who always spend their bitcoin to buy goods could really affect the market

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There was a time not long ago when you could buy/sell enough btc to move the market with an investment of as little as one million dollars. Not very many people had the balls or the means to try such a thing.

Today with bitcoin at $850 and climbing and well over ten million btc in circulation there is no moving the markets anymore. It would take tens of millions of dollars to really move the market these days and even then it would probably correct itself right away.

EdenHazard

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Quote from: mornabo on December 22, 2016, 12:42:26 AM

Quote from: Text on December 21, 2016, 07:05:18 AM

No, we can't manipulate bitcoin price. No one controls it even governments, organizations or other institutions cannot. We have experienced before a massive fall of price because big exchange sites has been knocked off. It is not also possible to perform us here in the forum to manipulate the price.

I think you're wrong, you can look like a game of football, who set up the game? the players. same as bitcoin is also controlled by its users. when there are users who have more ability or can be said to have a very large bitcoin with large funds, of course they could manipulate the price of bitcoin

considering bitcoin has a fixed supply , i think the price itself can be manipulated.

let's say if some group of bitcoin miner own half of bitcoin supply , and do dumping and pumping continuously , you think it will not give them a power to manipulate the price? and of course give them a profit too.

deppil

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Quote from: megynacuna on December 22, 2016, 12:54:22 AM

I doubt if manipulation is the right word, it can't be manipulated but of course raw a lot of human activities can affect it negatively or positively. For instance when a lot of miners and farms decide not to mine again, the difficulty rate will definitely go down and that could have a change on bitcoin price.

Right it also can make the price go down. yeah policies or behavior of users that includes many users also give effect to the price of bitcoin, but believe it or not there are some users who have a large capital could manipulate the price of bitcoin for their profit

megynacuna

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I doubt if manipulation is the right word, it can't be manipulated but of course raw a lot of human activities can affect it negatively or positively. For instance when a lot of miners and farms decide not to mine again, the difficulty rate will definitely go down and that could have a change on bitcoin price.

erwin45hacked

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Quote from: mornabo on December 22, 2016, 12:42:26 AM

Quote from: Text on December 21, 2016, 07:05:18 AM

No, we can't manipulate bitcoin price. No one controls it even governments, organizations or other institutions cannot. We have experienced before a massive fall of price because big exchange sites has been knocked off. It is not also possible to perform us here in the forum to manipulate the price.

I think you're wrong, you can look like a game of football, who set up the game? the players. same as bitcoin is also controlled by its users. when there are users who have more ability or can be said to have a very large bitcoin with large funds, of course they could manipulate the price of bitcoin

Trading is all about manipulation and it is just a normal thimg, you cant really blame it from happening. Besides that anything that is tradable could be manipulated and all it needs is actually a group of people that you could trust to make it happen, it is much better than alone having large fund to manipulate it

mornabo

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Quote from: Text on December 21, 2016, 07:05:18 AM

No, we can't manipulate bitcoin price. No one controls it even governments, organizations or other institutions cannot. We have experienced before a massive fall of price because big exchange sites has been knocked off. It is not also possible to perform us here in the forum to manipulate the price.

I think you're wrong, you can look like a game of football, who set up the game? the players. same as bitcoin is also controlled by its users. when there are users who have more ability or can be said to have a very large bitcoin with large funds, of course they could manipulate the price of bitcoin

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Quote from: Zadicar on December 21, 2016, 06:11:13 AM

Quote from: X-ray on December 21, 2016, 06:04:06 AM

Quote from: talkbitcoin on December 21, 2016, 05:25:47 AM

Quote from: blockman on December 20, 2016, 07:09:14 AM

Quote from: JANGKRIK BOSS on December 20, 2016, 05:39:05 AM

It is impossible, bitcoin can not be controlled by anyone because of their very nature anonymous. Believe me, the price is natural and the bitcoin can't manipulation by anyone, because the price is formed from the requests and needs.

No, it can be manipulated by many groups or people who are holding a lot of bitcoins. Maybe you doesn't know what a whale can do to the price of bitcoin. If you know what happened with bitfinex hacking incident, that made the price of bitcoin fall rapidly. And I can say that is what whales can do, they can manipulate the price of bitcoin.

lol bitfinex hack had nothing to do with manipulation and/or whales!
it is the clear example that there are too many newbies in the bitcoin and they easily panic. the whales involvement in that incident was those buy walls you saw down at $500 and those pockets that was filled with super cheap coins were whales pockets.
also if you look at the orderbooks they are still thin compared to other markets like gold or forex that is why drops like that still can happen.

Bitfinex is definitely and absolutely an incident and hacking activities can't manipulate the current price unless the hacking are happen at the same time and in majority of exchanger. but if those hackers were just stealing the bitcoins then there might no affect to the current price.whales could manipulate the price of bitcoin only if they're really rich that could buy or sell many bitcoin because owning majority of bitcoin in the markets

Bitfinex incident is not intentional that we could able to say that it is a pure manipulation.It does really affect the bitcoins price since the bitcoin have been stolen is on huge amounts which could really affect the price when hacker sold those bitcoin.Whales could really affect the price of bitcoin but i dont think that it could manipulate bitcoin price anytime.

Just like what is happening now, what do you think it is making the price of bitcoin even higher? I'm pretty sure that groups are pumping it together with those people who are using their Christmas bonus for buying a lot of bitcoins which is making the demand of bitcoins even higher. So, those whales have something to do with the manipulation.

TheGodFather

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ofcourse we can manipulate bitcoin price. the price of bitcoin is actually depending on the users of the bitcoin with out us bitcoin will never grow at this price point right now . more investors in bitcoin/more users price will grow but there's still balancing that happening because if the economy is not balance it will be the end of the cycle of the economy.

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Quote from: Text on December 21, 2016, 07:05:18 AM

No, we can't manipulate bitcoin price. No one controls it even governments, organizations or other institutions cannot. We have experienced before a massive fall of price because big exchange sites has been knocked off. It is not also possible to perform us here in the forum to manipulate the price.

Like I said it above we can (if we are rich or if we get many bitcoin) manipulate the bit price...but like i sais...it then is risky.

Text

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No, we can't manipulate bitcoin price. No one controls it even governments, organizations or other institutions cannot. We have experienced before a massive fall of price because big exchange sites has been knocked off. It is not also possible to perform us here in the forum to manipulate the price.

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