Is the instabilization happening now are caused by this?
BTC price dropped again today. Should we sell? Or what?
Topic: Is all this manipulation good for Bitcoin? (Read 2876 times)
BTC price dropped again today. Should we sell? Or what?
Is the instabilization happening now are caused by this?
Just a side effect of an unregulated, free market. Enjoy.
I am enjoying. Thanks whales!
Just a side effect of an unregulated, free market. Enjoy.
Its just whales doing their thing, thanks to free market.
You want free unregulated market or no? then deal with it.
just chill with it
I think manipulations are inevitable at this early stage. The crypto currency industry is like a Wild West right now. Maybe when more serious investment companies will join the market, any manipulations on a large scale will be difficult.
The price volatility (maybe caused by market manipulation) is what attracts a lot of people to bitcoin.
You want free unregulated market or no? then deal with it.
I think manipulations are inevitable at this early stage. The crypto currency industry is like a Wild West right now. Maybe when more serious investment companies will join the market, any manipulations on a large scale will be difficult.
I don't think the decline related to manipulation of price. If the whale pushed down the price, the face value of their BTc holding would be scraped a lot.
The reason is that as more merchants take BTCayment, the more selling the merchants dump BTC payment to cash fiat in the exchange.
The reason is that as more merchants take BTCayment, the more selling the merchants dump BTC payment to cash fiat in the exchange.
I think in future there will be some kind of price control alliance like OPEC in bitcoin world
Those large mining farms and miner producer, they combined together command over 90% of the hash power of the network, thus they could easily make an agreement of never sell below certain price to support the exchange rate, just like OPEC countries control the oil price. This is very important for their business, since if the price going all the way down, their business will be hit hardest
With OPEC and oil, the world generally will consume 90%+ of the oil produced every day. As a result there is very little excess capacity in the oil market. Those large mining farms and miner producer, they combined together command over 90% of the hash power of the network, thus they could easily make an agreement of never sell below certain price to support the exchange rate, just like OPEC countries control the oil price. This is very important for their business, since if the price going all the way down, their business will be hit hardest
Bitcoin on the other hand is impossible to "consume" you either hold it or you spend it. When you spend it someone else can do the same.
I think in future there will be some kind of price control alliance like OPEC in bitcoin world
Those large mining farms and miner producer, they combined together command over 90% of the hash power of the network, thus they could easily make an agreement of never sell below certain price to support the exchange rate, just like OPEC countries control the oil price. This is very important for their business, since if the price going all the way down, their business will be hit hardest
Those large mining farms and miner producer, they combined together command over 90% of the hash power of the network, thus they could easily make an agreement of never sell below certain price to support the exchange rate, just like OPEC countries control the oil price. This is very important for their business, since if the price going all the way down, their business will be hit hardest
It's a inevitable phase that bitcoin has to go through. If after this BTC is still alive... We'll see the moon
there is no manipulation currently possible in bitcoin (assuming the exchange doesn't blatantly steal people's money but that's not called manipulation but outright theft).
unlike gold there is no such thing as paper bitcoin, if you sell bitcoin then you sell bitcoin, no way to sell future contracts for bitcoins you don't have to push the price down.
there is nothing wrong with whales selling bitcoin, its their right to do with it whatever they want.
every whale no matter how big will eventually run out of bitcoin to sell and will have to buy/earn them back to sell again.
unlike gold there is no such thing as paper bitcoin, if you sell bitcoin then you sell bitcoin, no way to sell future contracts for bitcoins you don't have to push the price down.
there is nothing wrong with whales selling bitcoin, its their right to do with it whatever they want.
every whale no matter how big will eventually run out of bitcoin to sell and will have to buy/earn them back to sell again.
I won't be spending BTC at a loss (under $1250), so keep manipulating it down and no business will ever get mine.
I can dig it and well said. This is why I'm bullish even right now. People just don't get this is how weak hands are taken out of the game. Even though it happens time and time again. It almost makes me want to scream "hello this is nothing new and we've been here before, open your eyes"!!
So what just happened? price went up from $470 to $495 like in few sec..
It lasted for 3 days at $470 levels... A breakout was bound to happen.
So what just happened? price went up from $470 to $495 like in few sec..
What we see now as big manipulations will be seen as market noise in years.
Ethereum is the big whale selling for the last few weeks. They are simply cashing out and not "manipulating" the price down.
In fact, they are better off if the price stay high so they can sell more.
In fact, they are better off if the price stay high so they can sell more.
They did not raise bitcoins to benefit from price movements. They raised bitcoins so that development expenses can be paid. So I guess they have to sell at regular intervals.
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