Does Roger Ver control the Bitcoin price? - page 3.

deisik

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Quote from: gentlemand on February 12, 2019, 07:57:31 PM

You could throw away a few thousand coins at provoking a plunge but if the price goes down and stays down then that's looking like the 'true' price to me. No one can keep a price down for more than a few hours artificially

I basically agree with this part

Moreover, I've been telling folks here essentially the same thing about the hash war as it was likely only the trigger that started an avalanche of sell-offs which brought the prices to their current levels. However, we don't see a lot of action today as well as we didn't see a lot of action before the Bitcoin Cash split

This somehow makes you question the whole validity of your point. In other words, if someone sells a couple (thousand) bitcoins now and the price plummets below 3k, it will most likely remain there. Would it count as an organic drop? But if he didn't sell, the price would remain where it is now. Would that count as an artificial drop?

HeRetiK

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Quote from: LFC_Bitcoin on February 12, 2019, 12:55:45 PM

He can’t even control the price of his own shitcoin (BCH) which has a much lower marketcap so no, he definitely does not control the price of bitcoin.

That's a wrap, case closed.

Seriously though, Roger Ver strongly pushed BCH while trying to down talk BTC (even going as far as selling people BCH as Bitcoin), yet it amounted for very little. Seeing how little control he has over the Bitcoin Cash price his influence on the Bitcoin price is probably pretty much zero. So I believe that any correlation one may see between Roger Ver's comments and Bitcoin's price fluctuations is based on retroactive attribution, rather than causality.

figmentofmyass

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Quote from: Get-Paid.com on February 12, 2019, 12:12:36 PM

About 2 months ago Roger Ver spoke about the split of Bitcoin Cash and BSV.
Since then Bitcoin's price dropped from $6,500 to the $3,000 area.

Now he made a statement about supporting Bitcoin etc. etc. - and now we see the Bitcoin price is touching $3,600 hovering even towards $3,700.

So I would like to ask - does Roger Ver control the Bitcoin price?
If not - how come every time he says something extraordinary the Bitcoin price changes drastically?

Bitcoin is supposed to be free of any control but it seems like a few people have more control over it than others ... which is a huge drawback of Bitcoin in that case.

What do you guys think?

these could easily be coincidences. roger might be an altcoin pump-and-dumper (bcash, dash, etc) but he doesn't control shit. he's not that rich, he doesn't control much hash rate, and people respect him less and less as time goes on. i really wouldn't worry about him.

piebeyb

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Quote from: Get-Paid.com on February 12, 2019, 12:12:36 PM

About 2 months ago Roger Ver spoke about the split of Bitcoin Cash and BSV.
Since then Bitcoin's price dropped from $6,500 to the $3,000 area.

Now he made a statement about supporting Bitcoin etc. etc. - and now we see the Bitcoin price is touching $3,600 hovering even towards $3,700.

So I would like to ask - does Roger Ver control the Bitcoin price?
If not - how come every time he says something extraordinary the Bitcoin price changes drastically?

Bitcoin is supposed to be free of any control but it seems like a few people have more control over it than others ... which is a huge drawback of Bitcoin in that case.

What do you guys think?

neither do I even believe the price of bitcoin is down not because of the split bitcoin cash, maybe it's just a coincidence to get a deeper fall in bitcoin prices but unfortunately stopped at $ 3500, many people predicted it was below $ 2000 including me, but we will see it again at the end of the year all prices will return to improve

btc_angela

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It may have influence if he created FUD (well he's been attacking Bitcoin anyways), but I think it was Craig Wright's statement or the email that he will sell his stash of bitcoin to fund their ongoing feud back then that may have caused the price go from $6xxx-$36xx.

gentlemand

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Quote from: Get-Paid.com on February 12, 2019, 12:12:36 PM

Bitcoin is supposed to be free of any control but it seems like a few people have more control over it than others ... which is a huge drawback of Bitcoin in that case.

That freedom also permits people to accumulate vast amounts.

You don't have to have vast amounts to have a strong influence over one strong price movement. This market is currently so weedy that the majority are looking for others to make a move to follow, and the rest will be bots that pile in to whatever is sparked.

You could throw away a few thousand coins at provoking a plunge but if the price goes down and stays down then that's looking like the 'true' price to me. No one can keep a price down for more than a few hours artificially.

adaseb

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Honestly at first when Bitcoin forked with Bitcoin Cash back in Aug 2017, I was worried that there might be a flippening due to the 10 minute block time difficulty adjustments and BCH people attacking the chain, so I basically held both coins.

However after looking that BTC was simply impossible to destroy and many honest miners were essentially mining BTC at a loss, it goes to prove how people are protecting BTC.

So basically even if someone like Roger Ver or that Craig Wright wanted to destroy it, I don't think they could.

BitHodler

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I don't see how any of the con artists Roger is linked to or works with will do anything to tank the price of BTC. They are mining it with most of their hashrate, and a BTC drop means that BCH drops even harder.

I'm more inclined to say that there have been a few large players that might have been triggered to unload because of how the hashwar was gaining a lot of momentum on social media.

If you add that there were a lot of stops positioned below the $6000 mark, you'll understand that it doesn't take much to trigger a massive sell-off. The volumes perfectly reflected the panic that was going through the market.

sunsilk

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I can't see any significance with what he said, did he said anything lately about supporting bitcoin? (not his BCH). He doesn't have the controlling power like a mad whale in the market, he has more focused with his BCH.

I'd be surprised if it is reported that he's turning back to bitcoin and starts to abandon his BCH. I don't think that he has much influence with the market anymore, his BCH has been struggling because of the bearish market.

tenakha

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He can affect a small mass, ''controlling prices as he wish'' is far from accuracy. At the last price drop, the new fork could have played a role because everyone sold BTC and headed for the BCH and I do not think this is directly connected with Roger Ver, it was just to make easy money. IMO you should not seek for a reason under every change.

og kush420

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Roger Ver for me try to manipulate the price, but his only target is to fill his pockets. He don't care about future of Bitcoin and for community.

2chase

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I think that Roger Ver is a relatively not very large owner of bitcoins, although you can’t call him those who have no influence on the situation. There are those who have much more power than he. I think the reason that his statements coincide with significant price movements is that he is well aware of real processes and real events and is deftly manipulating it.

1Referee

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Quote from: LFC_Bitcoin on February 12, 2019, 12:55:45 PM

He can’t even control the price of his own shitcoin (BCH) which has a much lower marketcap so no, he definitely does not control the price of bitcoin.

The funniest thing here is that Bitmain and Roger combined can't control the price of their centralized garbage coin. Bitmain bought up so much of that shit that they are literally afraid to buy more, but on the other hand, they can't drop buy support for their coin either, because that would devalue the holdings of their +1 million coins, which is another problem.

It's hilarious, there is next to no depth in any of the BCash books, so what the miners there do is hoard all the way down, and sell their BTC to pay the bills. The more BTC they sell, the less there is to utilize and buy BCash.

I strongly believe that with how serious Roger was about BCash, that he converted a sweet chunk of his BTC holdings to BCash at +0.20BTC levels early on. It really would surprise me if turns out that this imbecile holds more than 10,000BTC today.

thecodebear

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Strange question. I am unaware of anything positive Ver has said on Bitcoin. His entire reason for existing seems to be to trick people into thinking BCH is Bitcoin. Nothing Ver has said made the price increase a few hundred dollars, which is a pretty normal volatility anyways.

The price dropped in November because of the hash war that ensued after the BCH split, because the hash war affected Bitcoin as well. Had nothing to do with anything Ver said after the fact.

Ver has no control over the price. Neither of those events had anything at all to do with anything Ver said or did.

barota

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Quote from: Get-Paid.com on February 12, 2019, 12:12:36 PM

About 2 months ago Roger Ver spoke about the split of Bitcoin Cash and BSV.
Since then Bitcoin's price dropped from $6,500 to the $3,000 area.

Now he made a statement about supporting Bitcoin etc. etc. - and now we see the Bitcoin price is touching $3,600 hovering even towards $3,700.

So I would like to ask - does Roger Ver control the Bitcoin price?
If not - how come every time he says something extraordinary the Bitcoin price changes drastically?

Bitcoin is supposed to be free of any control but it seems like a few people have more control over it than others ... which is a huge drawback of Bitcoin in that case.

What do you guys think?

yes i agree with you roger ver impact prices of bitcoin much
i hope, he will come back to support level 5800 per btc again

deisik

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Quote from: Get-Paid.com on February 12, 2019, 12:12:36 PM

About 2 months ago Roger Ver spoke about the split of Bitcoin Cash and BSV.
Since then Bitcoin's price dropped from $6,500 to the $3,000 area.

Now he made a statement about supporting Bitcoin etc. etc. - and now we see the Bitcoin price is touching $3,600 hovering even towards $3,700

If anything, Bitcoin Cash split was a trigger of that crash

But it would happen even without the split. Really, do you believe that the price action of the two coins which are now worth less that 200 dollars combined could affect Bitcoin's price in any noticeable degree? That's hilarious. Regarding Roger Ver specifically, if his words were so influential as you assume them to be, why don't we see Bitcoin Cash surging now, which is essentially his creation? These are simple questions answering which gives you a chance to better understand how inconsequential Roger Ver is (on par with John McAfee's, I guess)

VitKoyn

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Quote from: Get-Paid.com on February 12, 2019, 12:12:36 PM

About 2 months ago Roger Ver spoke about the split of Bitcoin Cash and BSV.
Since then Bitcoin's price dropped from $6,500 to the $3,000 area.

Now he made a statement about supporting Bitcoin etc. etc. - and now we see the Bitcoin price is touching $3,600 hovering even towards $3,700.

So I would like to ask - does Roger Ver control the Bitcoin price?
If not - how come every time he says something extraordinary the Bitcoin price changes drastically?

Bitcoin is supposed to be free of any control but it seems like a few people have more control over it than others ... which is a huge drawback of Bitcoin in that case.

What do you guys think?

What statement are saying? No one can control the price of Bitcoin because it is a decentralized cryptocurrency. Any statement by an influenced person can affect investors to sell their coins by spreading FUD but they cannot control what should be the price of Bitcoin in the market. About the price reaching $3600-$3700, there are lots of reasons for that to happen, remember that this is just a small rise in price and it happened a lot of times before. And there's no way to find out all the reason of the price increase.

LFC_Bitcoin

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He can’t even control the price of his own shitcoin (BCH) which has a much lower marketcap so no, he definitely does not control the price of bitcoin.

Get-Paid.com

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Quote from: HeRetiK on February 12, 2019, 12:26:23 PM

Quote from: Get-Paid.com on February 12, 2019, 12:12:36 PM

About 2 months ago Roger Ver spoke about the split of Bitcoin Cash and BSV.
Since then Bitcoin's price dropped from $6,500 to the $3,000 area.

Which statement are you referring too? The earliest comment I found from Roger Ver about BCH / BSV was mid- to late November, ie. when Bitcoin already hit the 3000s.

In general I don't think Roger Ver's comments have much influence on Bitcoin's price.

Gosh, I don't remember but there was something in the news before the fall from the $6k, I may not mention correctly when it was, but he did say something back then, it was all over the news, I will try to find it and show it to you.

metalglowd

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Most likely it could be and maybe even a part of it, actually because some well-known people who also have a lot of crypto assets in large numbers make some people worry about this because there must be a little manipulation they do to turn the market

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