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Topic: Can we Manipulate Bitcoin price? - page 61. (Read 73493 times)

legendary
Activity: 3150
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Fully Regulated Crypto Casino
August 15, 2016, 03:50:01 AM
Yes, we can manipulate bitcoin price. Remind when the bitfinex was hacked, bitcoin's price dropped. If you have huge money, than you can manipulate bitcoin's price and yes, there are many big players who manipulate it and make a huge profit. And also the same thing is happening with dollar, big players control everything and thats bad for us.
That was not the manipulation, the price down a bit because of the hacking incident where some people are losing trust with bitcoins which was taken advantage by the whales of selling so the price falls back and the whales buy again. If there was no hack, one cannot drop the price of bitcoins.
hero member
Activity: 2310
Merit: 886
August 15, 2016, 03:10:31 AM
Yes, we can manipulate bitcoin price. Remind when the bitfinex was hacked, bitcoin's price dropped. If you have huge money, than you can manipulate bitcoin's price and yes, there are many big players who manipulate it and make a huge profit. And also the same thing is happening with dollar, big players control everything and thats bad for us.
hero member
Activity: 896
Merit: 514
August 15, 2016, 03:00:57 AM
If the question is directly to me then I would say no because I dont have the power to pump or dump the price, those who can manipulate the price are the exchanges, big holders because we are talking about millions to be dumped or pumped.
if you have at least some bitcoins then you can have an impact on price to be honest, of course only big whales can have a huge impact on it

The biggest impact on the bitcoin is not the whales. It is the bitcoin developers. Their performance determines the bitcoin price.
hero member
Activity: 2926
Merit: 636
August 14, 2016, 08:33:15 PM
If the question is directly to me then I would say no because I dont have the power to pump or dump the price, those who can manipulate the price are the exchanges, big holders because we are talking about millions to be dumped or pumped.
read about you said make me thinking if that what you said is right, who can manipulate the price are the exchanges, i've bad thinking about this word. if possible all of the incidents said exchanger was a lie that they has been hacked.
Exchanges does not need to do that because they are already earning a bunch of service fee from the traders. It is there main objective to protect their reputation because that would attract new traders to come in to their site and to maximize their profit.
hero member
Activity: 518
Merit: 500
August 14, 2016, 02:52:03 PM
If the question is directly to me then I would say no because I dont have the power to pump or dump the price, those who can manipulate the price are the exchanges, big holders because we are talking about millions to be dumped or pumped.
read about you said make me thinking if that what you said is right, who can manipulate the price are the exchanges, i've bad thinking about this word. if possible all of the incidents said exchanger was a lie that they has been hacked.
sr. member
Activity: 448
Merit: 250
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August 14, 2016, 02:17:49 PM
If the question is directly to me then I would say no because I dont have the power to pump or dump the price, those who can manipulate the price are the exchanges, big holders because we are talking about millions to be dumped or pumped.
if you have at least some bitcoins then you can have an impact on price to be honest, of course only big whales can have a huge impact on it
hero member
Activity: 826
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The All-in-One Cryptocurrency Exchange
August 14, 2016, 01:20:41 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 mean forum members then theoretically it is possible to have such manipulation if all members are together and can lead the market by expressing special comments for example in favor of increasing price but we know that such thing is not applicable.
hero member
Activity: 1204
Merit: 500
August 14, 2016, 12:29:51 PM
If the exchanges can manipulate prices daily using bots, then how can we really invest our trust in the price of Bitcoin? Cause it seems obvious that exchanges and other richer parties can easily manipulate the price by longing and shorting on a daily basis just for their benefit. Is this how even stock exchanges work?
Well, if the price of bitcoin can be manipulated, I think it would be easy for someone to do so. but I think it's really impossible, because it requires a huge amount of bitcoin to make the price to rise and fall with changes in the numbers mean, but it is impossible if done only with one person, because it is a job for hundreds of bitcoin holders
hero member
Activity: 616
Merit: 603
August 14, 2016, 11:09:45 AM
If the exchanges can manipulate prices daily using bots, then how can we really invest our trust in the price of Bitcoin? Cause it seems obvious that exchanges and other richer parties can easily manipulate the price by longing and shorting on a daily basis just for their benefit. Is this how even stock exchanges work?
hero member
Activity: 2926
Merit: 636
August 14, 2016, 05:59:29 AM
Maybe if a super rich man buys a millions of bitcoins. Im sure the price of bitcoins will rise drasticaly. Im not a rich person so i cant buy that much of bitcoins. If many people will buy bitcoins. When the demands of bitcoins are high. Definitely it will rise. People can manipulate bitcoin price.
That is the manipulation, buying is just normal in bitcoin and when big buy wall is there the price will increase as it is back with the law of supply and demand. It is only the whales has the possibility to manipulate the price now but it will still back up again because that is our interest to see the price rising.
Definitely true, the the law of supply and demands applies every time there is a big increase of the price of bitcoins, more people will buy means price will increase, if one can manipulate then that is very bad for the market as a whole. The price should be fair in order to grow successfully.
legendary
Activity: 3150
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Fully Regulated Crypto Casino
August 14, 2016, 03:39:25 AM
Maybe if a super rich man buys a millions of bitcoins. Im sure the price of bitcoins will rise drasticaly. Im not a rich person so i cant buy that much of bitcoins. If many people will buy bitcoins. When the demands of bitcoins are high. Definitely it will rise. People can manipulate bitcoin price.
That is the manipulation, buying is just normal in bitcoin and when big buy wall is there the price will increase as it is back with the law of supply and demand. It is only the whales has the possibility to manipulate the price now but it will still back up again because that is our interest to see the price rising.
member
Activity: 70
Merit: 10
August 14, 2016, 02:09:32 AM
Maybe if a super rich man buys a millions of bitcoins. Im sure the price of bitcoins will rise drasticaly. Im not a rich person so i cant buy that much of bitcoins. If many people will buy bitcoins. When the demands of bitcoins are high. Definitely it will rise. People can manipulate bitcoin price.
hero member
Activity: 1274
Merit: 622
August 13, 2016, 11:12:53 AM
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
Probably it is possible, but not for a long period of time, because there are also other btc users, who aren't bitcointalk members.
hero member
Activity: 546
Merit: 500
August 13, 2016, 08:34:53 AM
If the question is directly to me then I would say no because I dont have the power to pump or dump the price, those who can manipulate the price are the exchanges, big holders because we are talking about millions to be dumped or pumped.

I do not have enough fire power to affect the price directly. But I hold most of my coins, that will indirectly increase the price.

Of course you have fire power, if you do not have fiat to increase the price all you have to do is spread the word and let others get involved.  I'm always getting involved in conversations online with people who dont understand bitcoin.  Spread the word my friend.
full member
Activity: 216
Merit: 100
August 13, 2016, 05:52:49 AM
If the question is directly to me then I would say no because I dont have the power to pump or dump the price, those who can manipulate the price are the exchanges, big holders because we are talking about millions to be dumped or pumped.

I do not have enough fire power to affect the price directly. But I hold most of my coins, that will indirectly increase the price.
legendary
Activity: 840
Merit: 1000
August 12, 2016, 05:24:06 AM
If the question is directly to me then I would say no because I dont have the power to pump or dump the price, those who can manipulate the price are the exchanges, big holders because we are talking about millions to be dumped or pumped.
hero member
Activity: 686
Merit: 500
August 12, 2016, 05:01:29 AM
I think it's not possible for a single person to manipulate the price as his wish, a big group of whales can influence on the price and make the other people in doubt because of panic sell, but price of bitcoin is very stable and much big money involve in it.
hero member
Activity: 994
Merit: 544
August 12, 2016, 05:00:47 AM
I do not think that we can manipulate the price as bitcoin has already have a place on the market.  Everyone already knows its value.  Maybe you could do it on a newbie if he have no idea about its price.  You could sell your bitcoin much higher than its value on the market. 
hero member
Activity: 1694
Merit: 516
August 12, 2016, 04:54:28 AM
i think no people can manipulate bitcoin rate because all sites have the exchange rate, also use different currencies. the decentralization make no people can force to sell or buying bitcoin.
of course no one can manipulate the bitcoin price, only a huge group people can be moving the price significantly by selling or buying bitcoins together

Only the Wales can influence the Bitcoin Price. Let's hope they stay optimistic, the Price is above $600 again.
hero member
Activity: 2926
Merit: 636
August 12, 2016, 04:51:41 AM
i think no people can manipulate bitcoin rate because all sites have the exchange rate, also use different currencies. the decentralization make no people can force to sell or buying bitcoin.
of course no one can manipulate the bitcoin price, only a huge group people can be moving the price significantly by selling or buying bitcoins together
We should hope that bitcoin will not be manipulated anymore, the manipulation will just make the market look bad and the price is not good to watch as it can move to any direction making it hard to predict.
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