Can we Manipulate Bitcoin price? - page 76.

sishendaoye

sr. member

Activity: 434

Merit: 250

Quote from: countryfree on April 25, 2016, 01:23:13 PM

Here's another sign that BTC is still in its infancy. Twenty years from now, when BTC will be worth more than $10,000 nobody would have the silly idea of trying to manipulate its price. Let's just wait...

I do not think it will go to such a insane 10k, its so unrealistic, most likely the price is gonna rise to a higher amount but not so high.
Right now the price can still be manipulated indeed because the fact is that there are still people that have so much bitcoins that they can, plus also a lot of speculators are doing this..

countryfree

legendary

Activity: 3066

Merit: 1047

Your country may be your worst enemy

Here's another sign that BTC is still in its infancy. Twenty years from now, when BTC will be worth more than $10,000 nobody would have the silly idea of trying to manipulate its price. Let's just wait...

Jmild1

full member

Activity: 210

Merit: 100

Ofcourse big whales, big whales can manipulate stock exchange everywhere. Grin

hawkins

hero member

Activity: 1204

Merit: 500

I think it's very difficult. it may require a lot of bitcoin, but in fact has many bitcoin will become noticeably difficult if only done a few people

StoreBit

full member

Activity: 210

Merit: 100

I think it is not possible to manipulate the price with the help of the users from here on bitcointalk, there it will be impossible to persuade everyone to follow the guidelines provided to them for bringing that manipulation, and there will be a lot of people who will want only their own benefit and will not heatedly work for the community.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: ~Bitcoin~ on April 25, 2016, 06:54:54 AM

If you look deeply, you will know how bots are trading in most of the big exchangers are big players doesn't have much time to manipulate market manually so those are bots which manipulate market and make all manual traders to loss.

Trading bots have indeed taken over the exchanges compared to manual traders.

But the people behind these bots are constantly looking at what their bots are doing, and even take action when their bot is being played by an other bot.

pereira4

legendary

Activity: 1610

Merit: 1183

It's being done all the time, but it's way too hard. You need coordination, and you need a big amount of BTc, that's why few people can pull it off. Most of the people that actually manipulate prices are in private groups that are very secretive and are confirmed millionaires. You can't manipulate shit unless you have at least 1 million dollars in BTC because marketcap is already 7 billion (nothing in the grand scheme of things but high enough so most people can't manipulate it)

eyeknock

sr. member

Activity: 381

Merit: 250

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

as everything in this world if something can be manipulated by humans, it will be manipulated, obviously bitcoin is not an exception, you can be 100% sure that this is already happening in many ways everywhere( i mean in exchanges etc etc).

btw, dont care about what humans can do with bitcoin, bitcoin cant be manipulated and this is the only important thing at least from my point of view, the rest cant be avoided.

Whosdaddy

hero member

Activity: 1148

Merit: 527

Quote from: Kakmakr on April 25, 2016, 02:16:25 AM

Most people complain about governments manipulating fiat currencies and now you want to do the same with Bitcoin? Shame on you, for even asking people to do this. Bitcoin should be immune against any form of manipulation. We should put Bitcoin in as many people's hands as possible to distribute the wealth and to prevent whales or groups of wealthy people to manipulate the price.

We should improve the failures of the previous currencies not profit from the new technology and create new wealthy individuals or groups, who has the power to manipulate your wealth, because they have enough money to do that.

As much as I'd hate to say, but the "bigs" are those who may be able to manipulate the price of bitcoins believe it or not. If some groups/companies have the capacity to hoard the supply of bitcoins, that would greatly affect the price of bitcoins because of the supply and demand rule.

Herbert2020

legendary

Activity: 1946

Merit: 1137

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

that is an interesting question. and i think the answer depends on how much money this "we" owns. bitcoin market is not longer a small market like 3-4 years ago it has grown so big that in order to manipulate it you would need a huge capital.
but don't underestimate the power of FUD and hype, it is sometimes so powerful that can change the price easily.

~Bitcoin~

legendary

Activity: 994

Merit: 1000

If you look deeply, you will know how bots are trading in most of the big exchangers are big players doesn't have much time to manipulate market manually so those are bots which manipulate market and make all manual traders to loss.

gtglener

hero member

Activity: 575

Merit: 500

Yes we can do it I think, as there are a lot of people here who have a large amount of coins, so in that case we can do that, we have to create our own legit community and have to make some rules for the pricing of bitcoin, but if the price outside here gone lower people will not buy from from there so it will be useless.

QuestionQuest

full member

Activity: 263

Merit: 131

Quote from: randy8777 on April 25, 2016, 04:59:26 AM

it's definitely possible if you have enough people with a good amount of coins to hold them for a very long time, but the words of the people here don't have any value since they change their mind on a daily basis. i am more a supporter of letting the market do what the whales want. that's happening in every market. it allows us to make profit and to buy back at lower levels.

Yeah, or one of the riches people of the world is buying - buying - buying (price does not matter).
Why are diamonds so expensive? Because 90% are staying in the stock and the big dealer on the world are controlling the market and price with it Shocked

At the moment bitcoin seems not to be a danger for the big player. Such a stresstest would be very intersting to see and who would win at the end.
Maybe some persons then have the bitcoins - and all are using lite-/dodge-/eth-/whatever-coin.

But its nice to see how everybody wants something from the gooooold.
But its not so funny this time - no native americans to slaughter down and no oil-fields to burn - even no hunt on a certain person is possible --- bitcoin is just to boring for the big players Tongue

randy8777

legendary

Activity: 896

Merit: 1000

it's definitely possible if you have enough people with a good amount of coins to hold them for a very long time, but the words of the people here don't have any value since they change their mind on a daily basis. i am more a supporter of letting the market do what the whales want. that's happening in every market. it allows us to make profit and to buy back at lower levels.

ObscureBean

legendary

Activity: 1148

Merit: 1000

In terms of pure buying/selling power, I don't think the Bitcointalk community stands a chance, there are way bigger players in the game at this point, maybe a few years back it might have been possible. However, if it was no holds barred campaign, we could maybe cause some disruption, after all we do have a small army of Bitcoiners here. We would still require a genius strategy, a very carefully planned social media campaign, a high degree of coordination within the group, a good number expert-level trolls and everyone should be ready to sacrifice the Bitcoins they hold at a moment's notice.
In other words no, I don't think the Bitcointalk community can manipulate the market Embarrassed

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Most people complain about governments manipulating fiat currencies and now you want to do the same with Bitcoin? Shame on you, for even asking people to do this. Bitcoin should be immune against any form of manipulation. We should put Bitcoin in as many people's hands as possible to distribute the wealth and to prevent whales or groups of wealthy people to manipulate the price.

We should improve the failures of the previous currencies not profit from the new technology and create new wealthy individuals or groups, who has the power to manipulate your wealth, because they have enough money to do that.

Amph

legendary

Activity: 3248

Merit: 1070

you can easily, and i'm firmly convicted that miners are doing so to incentivate a panic buy, to have a margin for their profit with their asic

you do need plenty of coins to to be able todo it, somethign like 100k, should be enough, maybe even 50k

vero

hero member

Activity: 518

Merit: 500

We can't manipulation the price due to manipulate the price of bitcoin require huge capital is much bigger than you want to manipulate the price of altcoin. let the price goes naturally.

Razick

legendary

Activity: 1330

Merit: 1003

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

How would you enforce a cartel? It would be against the best interests if the individual members to honor the agreement. Even the nations of OPEC are having a difficult time holding their oil cartel together, and that's a relatively small number of governments. How would you force compliance among anonymous internet users?

The Nash equilibrium is for the cartel to break up.

MingLee

hero member

Activity: 490

Merit: 520

Quote from: Yakamoto on April 24, 2016, 10:48:04 PM

Quote from: Doms on April 24, 2016, 10:09:49 PM

Only big players can manipulate and play with the price action of bitcoin. Small players or participants can only wish they could. I don't know how much you must have to be able to influence price movement. For a small owners like me, I'll just let the price take its course and do necessary actions whenever the price is good enough for buying or selling.

Big players or a lot of little players working together in sync would be able to manipulate the market, but I would never even try to manipulate the price because I highly doubt we would be able to get it to work.

I don't know why you would even try to bother and manipulate the price if you don't already have large holdings, most whales manipulate the price because they have large paychecks they can spend on Bitcoin, and can take the losses because it means they get more in the long term.

While we play tic-tac-toe they're playing Korean Starcraft.

Topic: Can we Manipulate Bitcoin price? - page 76. (Read 73544 times)