HONEST QUESTION: would YOU be tempted to manipulate BTC to make HUGE profits?

pooya87

legendary

Activity: 3472

Merit: 10611

that is why altcoins were created Cheesy

the answer to your question is yes. but since people can't do that they started creating shitcoins so that they can control them, this is where the premining and ICO funds,... come in. then they started manipulating those. eventually we saw hundreds then thousands of altcoins in the market and they were being pumped a lot every day and the profit of said pumps were easily 50%-100% and more per day.

developno1

newbie

Activity: 29

Merit: 0

Why does it only work in fairy tales? Does this happen in the cryptographic market?

decidedung

newbie

Activity: 27

Merit: 0

You have missed out on many options such as you buy while btc is up and you sell at btc is down, it's just in your imagination.

StarKay

member

Activity: 756

Merit: 16

We All Can Make It

It is not that easy to manipulate a decentralized market that Bitcoin operates in, and the example you cited is a case of market strategy rather than market manipulation.
To be able to manipulate Bitcoin price, the party will need to have a strong influence and also hold hundred of thousands of Bitcoin.
If I have such powers, I won't need to manipulate since money is no longer my problem rather promotion of Bitcoin usage and adoption will be my focus.

zmkriel

full member

Activity: 406

Merit: 105

What i always wanted is to be equal and do a clean earnings. So why would i consider manipulating prices if i have the skills to earn by being honest with what i do. I have a family that needs to fed and because i love them more than anything else then i would stick with my principles to be a simple but responsible human being. I wanted to be a model in my children’s eyes and i promise myself that i will raise them with dignity.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

bitcoin market is already big enough that individuals on this forum who see this topic can not do anything about it including manipulation. but the answer is yes and there are many who are trying to do it at least. you can see a lot of idiots on this very same board trying to spread some bullshit thinking it is FUD LOL.

in any case most people prefer manipulating altcoins because it is super easy. they are small, there is not that many exchanges and some only have 1 small exchange listing them and everyone knows altcoins are pump and dumps so they are more susceptible to manipulation. there is also a lot more money there too but only if you know how to pump and dump them or at least know how to spot and take advantage of them.

Herlina

full member

Activity: 406

Merit: 101

Decentralized Digital Billboards

Quote from: cryptohoodz on May 16, 2018, 05:16:53 AM

I know a lot of people hate market manipulation because most of us don't have the size to affect BTC price. But let's be honest here: suppose you had the power to control the price, would you be tempted to make huge profits by manipulating the price?

2 strategies:
1)
- you sell, btc goes down, you wait until it drops further then you buy cheap and resell after market corrects
- you buy, btc goes up, everybody FOMOs, you sell again

Let's say we're talking about 5% profit you can make per day.

2) you do the same as #1, but with 100x leveraged trading (BITMEX for example). Your profit is 10-100x higher compared to strategy 1, because you use leverage.

Let's say you can make 50%-500% profit here per day (!).

BTW: there are rumours that some big whales actually cooperate and time such events.

Would you guys be tempted to use your powers or would you not bother and let the crypto market grow by itself?

Simple strategies like this can manipulate Shitcoins market but I doubt such a strategy will work to manipulate Bitcoin market
I want to manipulate the market if I have the power but I would think twice to manipulate the Bitcoin market with this strategy even though I have a lot of money to manipulate the market because I know that Bitcoin market has more power than me, So manipulating Bitcoin market is not as easy as manipulating Shitcoins market

masudginanjar

newbie

Activity: 130

Merit: 0

if it's like that I'd better create a new Exchange instead of manipulating the market, because my compassion is too great for those who have a bit of Bitcoin.

let the Whales dance as they want it, because I have my own stance to create market exchange and welfare broad community .

BitpokerONI

newbie

Activity: 18

Merit: 0

This is always has been in the very competitive world investments..It is survival of the fittiest...

Road445

member

Activity: 224

Merit: 11

The Experience Layer of the Decentralized Internet

If I had the capital to manipulate the whole market, I think I would.
Because manipulating the market can bring me enough profit.
The pursuit of profit is every trader's idea.

bitvalak

sr. member

Activity: 868

Merit: 267

SecureShift.io | Crypto-Exchange

Quote from: cryptohoodz on May 16, 2018, 05:16:53 AM

I know a lot of people hate market manipulation because most of us don't have the size to affect BTC price. But let's be honest here: suppose you had the power to control the price, would you be tempted to make huge profits by manipulating the price?

2 strategies:
1)
- you sell, btc goes down, you wait until it drops further then you buy cheap and resell after market corrects
- you buy, btc goes up, everybody FOMOs, you sell again

Let's say we're talking about 5% profit you can make per day.

2) you do the same as #1, but with 100x leveraged trading (BITMEX for example). Your profit is 10-100x higher compared to strategy 1, because you use leverage.

Let's say you can make 50%-500% profit here per day (!).

BTW: there are rumours that some big whales actually cooperate and time such events.

Would you guys be tempted to use your powers or would you not bother and let the crypto market grow by itself?

I think everybody must be looking for a profit, but is not it better to profit long-term profit from us looking for a moment's profit .. With us keeping cryptocurrency the same as we give long-term benefits to enjoy together for the future

Zicadis

legendary

Activity: 1372

Merit: 1027

Dump it!!!

People have done that before in the past and probably still doing.... but without organic growth we still go back were we where before once these manipulations are over. Tbh by doing this we cheating nobody but ourselves!

Lets not forget manipulating bitcoin affects all other coins out there which is why we should discourage people from doing this as it erodes the confidence of crypto supporters.

washing.machine

jr. member

Activity: 126

Merit: 5

Means in this forum there are many people who are greedy. I see here many are tempted and want to manipulate market prices if they have the power to do so. That's normal because human nature is always dissatisfied with what it gets. But remember, greed always brings to misery, though initially looks fun.

viyumztf

newbie

Activity: 162

Merit: 0

What you have said can only be conceived. I think it is hard to do that, even a powerful financial consortium can not do it perfectly. The encryption market is really manipulated, and there are a lot of big whale, I will resist the temptation and not to add leverage, because I know it will be very dangerous.

Red-Apple

hero member

Activity: 1470

Merit: 655

people are moving with the current trend and making profit if they do so. that is not called manipulating bitcoin, the manipulation is already happening and what we do is that we take advantage of it as best as we can. anything else is out of the power of regular users who have only access to a small amount of money with accounts on social media platforms.

NavI_027

full member

Activity: 1232

Merit: 186

Honestly, I never imagined that I will be in the middle on that kind of scenario because I'm only a small investor first and foremost. But assuming that I have a huge investment in btc up to extent that it can cause changes on the price (though nearly impossible because I'm only a single entity) then I'm willing to manipulate the market because that's a great opportunity to make profits. Who doesn't want to earn more? No one, right?

Between the choices you've said, I'll go for the first one because that's not totally complicated to do since you are only relying on the simple "Buy low, Sell high" principle.

CAPTEZECC

newbie

Activity: 210

Merit: 0

I will not do it because you will end up being scammed or kissing your bitcoin, the only thing I can do is HOD my bitcoin and sell when the price is high or do bounty that will pay me in bitcoin any other way I see it as fraudulent.

vickybitcoin

newbie

Activity: 149

Merit: 0

Quote from: Javanewstar on May 16, 2018, 05:43:32 AM

You should learn to think differently.
If manipulating market prices can make you profitable, then why not? Roll Eyes

Im with you in this, yes if this is possible to manipulate the market to profit I will do it. This is always has been in the very competitive world investments..It is survival of the fittiest...

Jaslinbor28

newbie

Activity: 252

Merit: 0

Peoples are not happy what they have they always wants more and more. If you have more dollars you also wants to manipulate the price.

harrypot

newbie

Activity: 294

Merit: 0

In business honesty is the best policies because honesty can be bring them a bright future and I never tempered this system but also I tried me do business with my honesty so investing bitcoin is best for them who can do profitable business and this price of the bitcoin surely increase soon so no need to do any unethical things.

Topic: HONEST QUESTION: would YOU be tempted to manipulate BTC to make HUGE profits? (Read 274 times)