How much BTC would you need to buy to increase the price by 1 percent? - page 2.

o_e_l_e_o

legendary

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An interesting read. I don't agree with your conclusion that an individual needs $91 million to move the price by >1% though. At any given time there are thousands of bitcoin locked up in various bots and orders. As we've seen in the past, a relatively small move is enough to start off a chain reaction of orders being filled, positions being opened and closed, and bots trading, which can result in very sudden price movements. You still need a significant initial amount, and the right conditions, but you certainly don't need the entire $91 million yourself.

It does highlight the folly of trading low market cap altcoins though. It doesn't take much to be able to wildly manipulate the prices of these coins.

Quote from: akram143 on July 27, 2020, 08:07:36 PM

but actually if a whale moves few thousand bitcoins then it will have some psychological affect on traders so it could manipulate the price if traders responds to it.

Whale Alert on Twitter being temporarily shut down was great, but unfortunately they were re-instated. I'll always remember back in 2018 when Coinbase announced weeks in advance they were upgrading their cold storage, made several blog and Twitter posts about it, posted a running commentary of what they were doing, and Whale Alert and low value crypto "media" sites still manufactured a panic when some ~850,000 bitcoin were moved.

akram143

full member

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Quote from: sheenshane on July 27, 2020, 06:58:22 PM

moving Bitcoin into another address might probably will also can cause an impact of the Bitcoin price movement.

Literally they have no effect on the bitcoin's valuation because it doesn't involves in trading so there won't be increase or decrease in its price but actually if a whale moves few thousand bitcoins then it will have some psychological affect on traders so it could manipulate the price if traders responds to it.

sheenshane

legendary

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Very interesting topic and I opened the link provided above because OP link shared is broken and I can open.

These big transactions might cause the whales to try to play the market price and manipulate it. For normal holders can't afford even $1M and probably only the whales can make a massive movement of Bitcoin even twice of $100M in Bitcoin that can make a 1% increased.

I think that not only buying can increase the percentage of price in Bitcoin, moving Bitcoin into another address might probably will also can cause an impact of the Bitcoin price movement.

JeromeTash

legendary

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Merit: 1261

Heisenberg

I wish you would put a small summary of the content in the blog/article you are trying to link. It would make it easy for one to know if the article is of their interest or not. The title is usually not enough.

Note: For some reason you link isn't even working, So nothing to discuss since i have no idea what in there.

Cryptopher

legendary

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Merit: 1008

Keep it dense, yeah?

Interesting post. It really does highlight the scale of investment required to boost the price - importantly it has to be coordinated, which usually comes with good news, and good vibes, oh and a seed pump to get things going.

The link itself is broken, though I managed to find my way to https://blog.shrimpy.io/blog/how-much-it-takes-to-pump-bitcoin-by-1-percent

crabby

member

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Hi Everyone!

I had an interesting question I was thinking about the other day. Essentially, how much Bitcoin would you need to buy in order to increase the price by 1%.

I decided to investigate by taking a recent situation as an example. I summarized my findings in this article here:

How much would it take to pump Bitcoin 1%

I would love to hear your thoughts! Do you agree with the study? Is there any additional information you think should be considered?

Looking forward to the discussion!

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