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Topic: Is Bitcoin Too easy to manipulate? (Read 15036 times)

hero member
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April 10, 2019, 04:32:31 PM
#93
These billionaires can easily make the price jump 10-20 % with relatively small purchases.  Imagine the movement Jeff Bezos could make happen on the crypto markets if he threw a few billion in bitcoin.  Throw a few billion into USD and nothing even happens.
actually, manipulation can indeed be done. but, of course it is very risky. we know that only people who have very large money can manipulate the price of bitcoin to be bigger. however, we know there are so many holders out there, who will certainly sell the assets they have at a certain price. so, it's very difficult to do that.
I don't think it is risky, because one with the large fund manipulates. If the market reacts to the move made by him, he'll get the profit through the same in a short time period. If not he isn't gonna get any big loss. From my understanding earlier it was highly manipulative, now things have changed as people don't panic sell or take some immediate action on price manipulation. Upon this the market won't be that volatile for the whales to profit big.
hero member
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April 10, 2019, 12:20:06 PM
#92
These billionaires can easily make the price jump 10-20 % with relatively small purchases.  Imagine the movement Jeff Bezos could make happen on the crypto markets if he threw a few billion in bitcoin.  Throw a few billion into USD and nothing even happens.
I'm really not that worried about whales that are holding fiat because the market of cryptocurrencies given enough time will grow more powerful and more people will begin to use them which means that the amount of fiat that you will need to buy a bitcoin will go up and the power of those whales will go down, the whales that worry me are the ones that are holding huge amounts of bitcoin because regardless of its price in fiat they will still have the power to manipulate the market as they want.
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April 10, 2019, 10:21:46 AM
#91
These billionaires can easily make the price jump 10-20 % with relatively small purchases.  Imagine the movement Jeff Bezos could make happen on the crypto markets if he threw a few billion in bitcoin.  Throw a few billion into USD and nothing even happens.
actually, manipulation can indeed be done. but, of course it is very risky. we know that only people who have very large money can manipulate the price of bitcoin to be bigger. however, we know there are so many holders out there, who will certainly sell the assets they have at a certain price. so, it's very difficult to do that.
hero member
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April 09, 2019, 12:57:31 AM
#90
These billionaires can easily make the price jump 10-20 % with relatively small purchases.  Imagine the movement Jeff Bezos could make happen on the crypto markets if he threw a few billion in bitcoin.  Throw a few billion into USD and nothing even happens.
Only them has the power to move the price, they say whales can move the price so they are called whales.
Actually that is not new, this market has been manipulated and they are still here doing that from time to time but it
would be nice if their manipulation will result to a bullish market, lots of investors will be happy.
hero member
Activity: 1120
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April 08, 2019, 09:58:40 AM
#89
These billionaires can easily make the price jump 10-20 % with relatively small purchases.  Imagine the movement Jeff Bezos could make happen on the crypto markets if he threw a few billion in bitcoin.  Throw a few billion into USD and nothing even happens.
member
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April 08, 2019, 09:50:12 AM
#88
Cryptocurrency cannot be separated from manipulation, with a high increase and then falling low, I think there is manipulation in it, and for that we must be more careful.
member
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April 08, 2019, 08:26:40 AM
#87
Not just Bitcoin but I think in general everything can be manipulated by Whales. I read somewhere that someone purchased 100M worth of BTC which might have caused the pump the last few days. Let's see if this rise is organic or quite manipulated.
hero member
Activity: 2884
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April 04, 2019, 11:58:29 AM
#86
Bitcoin has a market cap of 70 billion. This is very low when compared with the stock market or the gold market. There are many groups that can buy the total number of Bitcoin in circulation with a price of $4000. They can easily manipulate the market both sides up or down. Bitcoin 70% supply is stored in a very less number of wallets say 5%. Don't you think Bitcoin can easily manipulate and below $1000 is still possible?
 
In a way you are right the market cap of bitcoin is very low and there are many institutions and individuals that could try to manipulate its price, but if they tried to buy as many coins as you state that will make the price of bitcoin to skyrocket because many of the coins are not up for sale and are being held by long term investors so as they keep buying coins the price goes up and it becomes more difficult for them to keep buying coins, and even if they could get control of enough coins to manipulate the market will they be interested in crashing the price when they paid so much more for each one of their coins?
legendary
Activity: 1330
Merit: 1019
April 03, 2019, 03:22:20 PM
#85
Bitcoin market could definitely be manipulated by anyone but in order to do that you require a great amount of money and a good reason to do that. You can't just play with the price because you are bored and don't have anything else to do, you do it with a certain reason and purpose.
Whales could actually cause this to happen but they might no longer succeed because we have lots of investors who are actually quite very rich and genuine to counter the actions of the whales with their simple act, some of the actions of these genuine investors are what we saw yesterday which got the price stabilized above $4500, so right now, with the way bitcoin is being accepted and used, it will surely be quite difficult for them to really move that market again as they like, and even if they will do, their effect on the market will really be less significant and will seems just like that of traders activities.
legendary
Activity: 2758
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April 03, 2019, 09:49:01 AM
#84
To manipulate bitcoin price will be need that a lot of millionare, people to make a team and put most of their money on bitcoin market and start buy and sell or only buy, but they will kot risk their money to manipulate bitcoin price, because is too risky for them.
you're right, it doesn't look that easy. I think the risk is greater, and the loss that can be obtained when doing this. I think that is quite a difficult thing, moreover there are hundreds of markets that sell bitcoin.
sr. member
Activity: 1330
Merit: 326
April 03, 2019, 08:43:35 AM
#83
From my many experiences in trading, there was no exception in manipulating the market including bitcoin. The big investors can easily dump and pump the market whenever they want it. And unluckily, we can not stop them. They control the market ways and that's the truth.
hero member
Activity: 1414
Merit: 516
April 02, 2019, 03:48:07 PM
#82
To manipulate bitcoin price will be need that a lot of millionare, people to make a team and put most of their money on bitcoin market and start buy and sell or only buy, but they will kot risk their money to manipulate bitcoin price, because is too risky for them.
full member
Activity: 1092
Merit: 117
April 02, 2019, 10:06:59 AM
#81
Bitcoin market could definitely be manipulated by anyone but in order to do that you require a great amount of money and a good reason to do that. You can't just play with the price because you are bored and don't have anything else to do, you do it with a certain reason and purpose.
hero member
Activity: 2548
Merit: 605
April 02, 2019, 07:47:50 AM
#80
the answer is too easy. if bitcoin was really "too easy" to manipulate then the price should have never moved the way it has been moving 80% of the history of bitcoin. instead it should have been constant pumps and dumps because that is the real way you manipulate a market and make money. what we have is some manipulation while the market moves logically for the rest of the times and the bigger the market gets the harder it is getting for whales to manipulate it but it has not yet gotten big enough to have no manipulation.
That’s right and if the market continue to improve this way without the input of the whales will really be a good thing for the cryptocurrency.

It might take a little time for us to reach the higher price we want to see but the waiting will be worth it and also benefit all bitcoin holders than whales pump that are very fast and gets dumped quickly which will only make those who were lucky to catch such pump them winners while the ones that were slow to act losers but this normal way of it growing will give chance to both losers, and winners. By this time next year, the market should have fully be green for the next halving too.
legendary
Activity: 1638
Merit: 1163
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April 01, 2019, 02:57:33 AM
#79
the answer is too easy. if bitcoin was really "too easy" to manipulate then the price should have never moved the way it has been moving 80% of the history of bitcoin. instead it should have been constant pumps and dumps because that is the real way you manipulate a market and make money. what we have is some manipulation while the market moves logically for the rest of the times and the bigger the market gets the harder it is getting for whales to manipulate it but it has not yet gotten big enough to have no manipulation.
legendary
Activity: 1372
Merit: 1008
April 01, 2019, 02:06:20 AM
#78
Bitcoin is the most capital-intensive currency among all existing cryptocurrencies, so I'm not sure that it is easy enough to manipulate its price, but for those who have great resources, this task may not be so difficult. People in whose hands huge funds are concentrated - they can do what we see as incredible.
With huge funds its possible? the total market capitalization is only 70 million dollars. and you know there are a lot of people in this world who have more money than that. but we know that bitcoin with a limited supply has spread to many users, so the answer will be two, it can be easy and difficult
hero member
Activity: 1484
Merit: 535
March 31, 2019, 03:23:43 PM
#77
It is very easy to manipulate Bitcoin because of the decentralized nature of the entire blockchain portfolio but certain conditions need to be met in order for someone or a group to manipulate it.  The first condition is that, the person who wants to manipulate Bitcoin needs to own not less than 40% of the amount of Bitcoins in circulation in the crypto ecosystem and the crypto market. With that, you can control the market value of Bitcoin at any moment in time. The second condition is that, you need to be very active on every active and big exchange platforms to monitor every activity going on with regards to Bitcoin trading. But the key factor needed to manipulate Bitcoin trading is you owning huge amount of Bitcoins.
sr. member
Activity: 2030
Merit: 356
March 31, 2019, 10:42:19 AM
#76
Bitcoin has a market cap of 70 billion. This is very low when compared with the stock market or the gold market. There are many groups that can buy the total number of Bitcoin in circulation with a price of $4000. They can easily manipulate the market both sides up or down. Bitcoin 70% supply is stored in a very less number of wallets say 5%. Don't you think Bitcoin can easily manipulate and below $1000 is still possible?
 
70 Billion dollars still not small amount to manipulate and it was more than 10 times when we are at the end of last bull run so describing based on the current market prices is not  good.The number of people involved on the crypto investments is very less when compared to traditional stock investments were most of the big company have their investments.

Bitcoin can be manipulated by the emotions of traders which can be done by lot of other external sources like news than investing and risking huge money.
In addition to the volume and marketcap. don't forget the size of the users, many people say that bitcoin users currently cover many countries and tens of millions of users. manipulation will not be that easy, not all user can be affected by certain ways to sell their coins so that manipulation occurs. manipulation is getting harder when the user gets bigger

Add in the the price of bitcoin  .  btc price is now expensive and the time will come that the price can grow more evenly due to the growing adoption  .  now if the price is already expensive i dont think that someone can easily bought it . thats only a reason that bitcoin is really hard to manipulate .  speaking of manipulation , manipulation isnt a bad thing because it also helps investors to purchase more coins if ever manipulators dump the price of a certain coin .

Total Market cap of bitcoin and crypto is very less and whales can easily buy a big amount of bitcoins with which they can manipulate the market. A pump / dump of 500 - 1000 Bitcoins is enough to  manipulate the market.
Once the marketcap of crypto is increased and crypto is widely spread, only then it will be difficult to manipulate the market.
full member
Activity: 437
Merit: 100
March 31, 2019, 09:23:07 AM
#75
I don't think so because if Bitcoin is susceptible to manipulation, many organizations and many people will be able to proceed. Bitcoin has a very high market capitalization and value. I think Bitcoin in USDT can only happen when the crypto market When Bitcoin decreases people buy into aim and trade exchange rate differences so there is no reason to say Bitcoin is manipulated. When Bitcoin increases, the number of USDT users does not increase.
hero member
Activity: 1834
Merit: 523
March 30, 2019, 01:20:48 PM
#74
Manipulate bitcoin price, maybe yes or not depends on the situation. Because last year panic seller manipulate the value of the bitcoin to decreased the value of the bitcoin.  But in the year 2017 investors manipulate to rised the value and that's gonna happened. The only can manipulate the value is the investors what kinds of investors you are is either rich or not buy simple buying and selling bitcoin they have effect.
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