Could BTC ever be manipulated like Wall Street is?

aliceHortrex

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Quote from: efxtrader on March 30, 2019, 02:08:54 AM

Quote from: Dr Bloggood on January 05, 2014, 09:23:25 AM

I got the idea from another thread around here:

What would be the banksters best shot be to manipulate BTC as they please?

As I see it, there are no derivates on BTC. On the other hand, who stops me from giving out/selling a future myself on the price of BTC in 6 months?

Gold is hardcore manipulated, a big part of it is done with naked shorts. At least that's not possible with BTC, if I see it clearly.

The question is if we should be concerned about JP Morgan ever taking over BTC like they have taken over silver and gold and controlling it.

If bitcoin traded in wall street, i am believe there is will be derivative trading. Its thats happen, bitcoin price can be manipulated by financial expert like bankers make fraction. Its just bitcoin paper or its just a contract not a real bitcoin.
But i am still hoping bitcoin traded in wall street because its give us legitimate on our investment. Its opening the door on regulation

You're right, this is not an honest game of bankers when they trade in simple paper from Bitcoin. In fact, this is a double distribution of a copy of Bitcoin.

efxtrader

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Quote from: Dr Bloggood on January 05, 2014, 09:23:25 AM

I got the idea from another thread around here:

What would be the banksters best shot be to manipulate BTC as they please?

As I see it, there are no derivates on BTC. On the other hand, who stops me from giving out/selling a future myself on the price of BTC in 6 months?

Gold is hardcore manipulated, a big part of it is done with naked shorts. At least that's not possible with BTC, if I see it clearly.

The question is if we should be concerned about JP Morgan ever taking over BTC like they have taken over silver and gold and controlling it.

If bitcoin traded in wall street, i am believe there is will be derivative trading. Its thats happen, bitcoin price can be manipulated by financial expert like bankers make fraction. Its just bitcoin paper or its just a contract not a real bitcoin.
But i am still hoping bitcoin traded in wall street because its give us legitimate on our investment. Its opening the door on regulation

DrDoctor1234

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I thought Bitcoin being manipulated is what everyone was complaining about when they talk about those damn 'whales!'.

shesheboy

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Quote from: ?? on ??

Lol it already is, everyone manipulates and goes wild, look at the exchanges one happens to be $100 over everyone else. Now ask yourself why.

everyone ? no i dont think so . not all have the power to manipulate the price but except from whales because they are known to be rich . they can buy or sell in bigger volume's resulting for the value to experience a drastic change .

Quote from: SIDDHI777 on March 18, 2019, 11:52:47 AM

Holding crypto assets in exchanges is not a good practice because there are many manipulators in exchanges who tries to change the market price for there advantage which destroy the balance of a currency and make losses for honest investors but still cryptocurrency investment is a profitable one if done with patience and proper understanding

what about holding crypto assets in a online wallet ? do you think thats more safer than storing your coins on an exchange ? both are the same because all kind of wallets can potentially be hacked but that wont likely occur as long as the platform that you are using is known to be legit but manipulators arent destroying the balance of the scale . the act of manipulation is pretty normal and infact it can be also an advantage .

Darker45

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It seems to me that there is already a certain level of manipulation right now. Those who can afford may actually have a chance to influence the market. It only takes money and the rich has it. It is just like the pump and dump groups. The bankers and the elites have billions at their disposal.

figmentofmyass

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Quote from: superstarbtc on March 29, 2019, 01:31:38 PM

Btc cant be manipulated like wall street in bitcoin everything is the transparent and limited number of supply of coins every one can trade but cant manipulate the prices

the paper/derivatives bitcoin markets won't be so transparent. a company like bakkt might periodically disclose how many bitcoins are in its vault, but they won't disclose when bitcoin collateral gets rehypothecated. in physically settled commodity markets on wall street, uncovered positions are totally legal and normal. essentially this facilitates a fractional reserve collateral system where multiple parties all believe they have claim to the same collateral (in this case, bitcoins). not only does that create big custodial risks but it will also create a downward pressure on price (just like the paper gold market) because it effectively inflates the coin supply. as long as people view bitcoins and paper bitcoins as interchangeable, the supply can be diluted.

bhabygrim

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I think it could be possible because as we experience before the price could be moved by the whales and fake news FUD FOMO.
It is just a simple manipulation but people buy it they dump their crypto or buy some crypto when the influencer's tell them to .
The market is being manipulated and we are riding it we are also the one who is making things happen.

superstarbtc

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Btc cant be manipulated like wall street in bitcoin everything is the transparent and limited number of supply of coins every one can trade but cant manipulate the prices

Teawhalee

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I have heard so many things about this and then at a point I felt sad and pitiful for some people that are always in the ocean of this manipulation process. Anyways the manipulation game is real and it’s being played at will by some set. Everyone should be careful not to lose their bitcoin because of greed or trying to catch some pumps.

faceoff97

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Manipulation can be done but end result will just run for a short period of time. Since the price is all dependent on the dependent, someone who has all the resources could buy great volume in a higher price which will let them set the price higher. Another thing would be whales can do sudden changes, most who has bigger and larger volume has the ability to change the game.

BeGoods

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Quote from: gabmen on March 17, 2019, 11:09:08 AM

Quote from: libert19 on March 15, 2019, 10:51:52 PM

It is already being manipulated by whales, media FUDs, where there is market there is manipulation.

Well i kinda agree with you there since it's not a question of "could it be manipulated" anymore. Manipulation is happening and we're at times at the mercy of the whims of big players. You just have to learn how to ride these manipulations and make profits when these whales do.

Of course that kind of thing is very possible, we have experienced very crazy changes several times, prices can go to $19k and down to $3k, of course it also contributes to manipulation, wall street has capital that is arguably infinite so they might just do it..

figmentofmyass

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Quote from: GreatArkansas on March 18, 2019, 09:26:31 PM

Yes, it's easy to manipulate especially now that there are many centralized exchanges. I hate centralized exchange because you are not the one holding your funds or private keys for every coin you have in your centralized exchange account. The decentralized exchange is the solution for every manipulation happening in crypto.

decentralized exchanges are just as easy to manipulate. even easier actually because they have thin order books.

why would it matter who is holding the private keys? the issue is whether large traders are engaging in pump-and-dumps and trapping gullible investors with their shady "pump groups" and "signal groups". this can happen on centralized or decentralized exchanges---doesn't matter one bit.

centralized exchanges have much better liquidity, so they tend to lead price. that's why they are more important for manipulation. if decentralized exchanges had more liquidity, the manipulation would occur there.

GreatArkansas

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Yes, it's easy to manipulate especially now that there are many centralized exchanges. I hate centralized exchange because you are not the one holding your funds or private keys for every coin you have in your centralized exchange account. The decentralized exchange is the solution for every manipulation happening in crypto.

hxtop

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The value of every asset is open to be manipulation and speculation. When it comes to BTC, I think bitcoiners show their strong resistence in 2018 to manipulations. Most of them kept their patience and didn't lose their belief to BTC. Even though some people remember the year of 2018 as a bad year for bitcoiners, I am not one of those. I think previous year must be remembered as a year of victory against to manipulators.

juragane

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bitcoin cannot be manipulated because the data is interconnected between one server and another ... but the possibility of crime is always there, we are obliged to always be careful about everything.

Bonsaiav

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As we know, the battered price of BTC that occurred throughout 2018 is one of the effects of the act of manipulation, no doubt the series of corrections have finally contributed greatly to the problems that investors must face or those who adhere to the HODL technique.

figmentofmyass

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Quote from: killat on March 17, 2019, 01:23:53 PM

Btc is already manipulated by big whales.

If btc will be present on Wall Street one day, then manipulation will be there at another level. Huge whales will be anywhere, so price will not be "free of manipulation" no matter what.

i hate to say it but it's true.

people say wall street is waiting for custody solutions backing regulated markets and what that really means is this: they are waiting for paper bitcoins.

there is this attitude that bitcoin is transparent, therefore it can't be manipulated. and while we may be able to transparently see the registered bitcoins in bakkt's vault for example, we will not be able to see bakkt's books where it will be rehypothecating (using and lending for its own purposes) those bitcoins. like all other assets used as collateral in physically settled markets, the supply of paper bitcoins will be diluted this way. it will be just like the paper gold markets, where multiple gold certificate holders all hold claims on the same piece of physical gold.

SIDDHI777

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Holding crypto assets in exchanges is not a good practice because there are many manipulators in exchanges who tries to change the market price for there advantage which destroy the balance of a currency and make losses for honest investors but still cryptocurrency investment is a profitable one if done with patience and proper understanding

tunapa

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Of course it can. There are so many manipulations that goes on exchange platforms which I surveyed noticed several times. All these are actions of bot and it has a bad effect for those who keep coins on exchange. Manipulation is not far-fetched in crypto and I believe everyone should be aware of this and be careful in their dealing on exchange platforms.

bitbunnny

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To my opinion Bitcoin could be manipulated in some extend although not that big as Wall street. Whales already have their role in Bitcoin manipulation whether we like it or not but as I said crypto market is not such corupted as fiat and I think it will never be. It can't be fully controlled and manipulated because cryptocurrencies are not functioning that way that would allow to individuals or to institutions that take over it.

Topic: Could BTC ever be manipulated like Wall Street is? (Read 1801 times)