Is Bitcoin Too easy to manipulate? - page 3.

markdario112616

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Quote from: The Cryptovator on March 27, 2019, 09:15:51 AM

I don't think it's very easy to manipulate bitcoin price like others altcoin. Although sometimes bitcoin manipulated by big whales and exchangers but it wouldn't be stay longers. You can just say its pump dump play. Bitcoin will raise automatically once investors will increase. So my opinions is, it's possible manipulate bitcoin but really this isn't very easy task.

I agree to some extent, but it's somehow contradicts your statement. By saying "It's easy to manipulate .." then "sometimes.. Big whales" *enters*. Given the scenario, and based from those above, These Big whales can easily manipulate the market itself.

In my opinion, I think the Bitcoin can easily be manipulated. In i.e. remember when GM of JP morgan release a statement that Bitcoin is a scam or fraud. Bitcoin's rate suddenly fell (minimal but crucial) JP morgan did bought Bitcoin, then reclame the first statement.

Tagus45

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For us it is a difficulty, but for those who have large capital, they can certainly manipulate the price of bitcoin.

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Quote from: lablab03 on March 27, 2019, 10:57:46 AM

For me yes it's so easy to manipulate because of big players on it that sometimes gaining quick profits and also holders that always dumping and panicking especially when there's a fake news around the internet .that's the reason only i know base on what i've observed not just on some news, its because also of the performance of market that suddenly collapse without any reason.

I don't think it's easy if you want to manipulate cryptocurrency price movements on your exchange requires very high trading capital and of course you have to be able to influence other traders in order to make prices at the exchange place start to rise and begin to be affected.

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Quote from: lablab03 on March 27, 2019, 10:57:46 AM

For me yes it's so easy to manipulate because of big players on it that sometimes gaining quick profits and also holders that always dumping and panicking especially when there's a fake news around the internet .that's the reason only i know base on what i've observed not just on some news, its because also of the performance of market that suddenly collapse without any reason.

Maybe that will contribute to being a dump and pump in the entire market price but I think it can't manipulate by big whales because when it comes manipulating it require a big amount of money which is can't do only a big whale. Unless, if that whale is a big group of big-time people who have a much of money.

lablab03

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For me yes it's so easy to manipulate because of big players on it that sometimes gaining quick profits and also holders that always dumping and panicking especially when there's a fake news around the internet .that's the reason only i know base on what i've observed not just on some news, its because also of the performance of market that suddenly collapse without any reason.

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Quote from: The Cryptovator on March 27, 2019, 09:15:51 AM

I don't think it's very easy to manipulate bitcoin price like others altcoin. Although sometimes bitcoin manipulated by big whales and exchangers but it wouldn't be stay longers. You can just say its pump dump play. Bitcoin will raise automatically once investors will increase. So my opinions is, it's possible manipulate bitcoin but really this isn't very easy task.

and I think, when there is price manipulation, I think losses will come to people who manipulate. we know that many people are waiting for a certain price point, when they sell it, people who manipulate it will certainly be a loss. well, however, I think manipulation requires a lot of money.

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Quote from: The Cryptovator on March 27, 2019, 09:15:51 AM

I don't think it's very easy to manipulate bitcoin price like others altcoin. Although sometimes bitcoin manipulated by big whales and exchangers but it wouldn't be stay longers. You can just say its pump dump play. Bitcoin will raise automatically once investors will increase. So my opinions is, it's possible manipulate bitcoin but really this isn't very easy task.

Agree on this-- Perhaps we need a huge amount of dollars to manipulate the market, even big whales they can't hold too long in the market situation. It is not just easy to manipulate the market so I guess Bitcoin will grow itself without having the wall of whales. Because I believed that when the demand will increase and the supply is the decrease that makes bitcoin expensive and not playing by whales.

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I don't think it's very easy to manipulate bitcoin price like others altcoin. Although sometimes bitcoin manipulated by big whales and exchangers but it wouldn't be stay longers. You can just say its pump dump play. Bitcoin will raise automatically once investors will increase. So my opinions is, it's possible manipulate bitcoin but really this isn't very easy task.

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Quote from: bitcoinikdotcom on March 19, 2019, 11:27:31 AM

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?

First of all, I don't see the correlation between bitcoin being manipulated and prices having to go below $1k.

In every market, there is a certain degree of centralisation, and manipulation. It's a matter of what that degree is exactly.

I personally think that the significance of "whales" that somehow manipulate the entire market due to their large holdings is really largely a myth, and narratives of bitcoin's volatility being caused by manipulation per se is most likely unbacked as well.

That said, though, the small market cap in relation to other asset classes does mean that smaller orders will be able to move the market more. Though, when you look at the potential manipulation through derivatives in other markets like precious metals, I don't think bitcoin is easy to manipulate, though it might be easy for a large investor to move the market.

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There are so many reasons why the price of bitcoin is very easy to manipulate and even all digital currencies are very easy to manipulate. when there is someone who has great financial strength, that person can do anything, usually a manipulator will take advantage of the panic situation experienced by the owner of a digital currency and then the manipulator makes a decision that benefits himself. such a thing is certainly very detrimental to many people and that is one reason why the use of digital currency is still seriously studied by the government.

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Compared to regular fiat bitcoin is even hard to manipulate. Look at regular fiat currencies in third world countries, last summer Trump said something bad about Turkey and Turkish lira plummeted to death, how can you explain that if you think bitcoin is easy to manipulate.

Just one person going on twitter writing bad stuff about a country could destroy a whole nations economy with one finger, they are still not out of the gate and still having economical problems even though Trump basically forgave them.If you keep doing stuff like that then how could you even imagine bitcoin is any different. Yeah, it is easy to manipulate for big enough people but if you are big enough any currency is easy to manipulate for you, not just bitcoin. That is why I would always prefer bitcoin, it might be easy to manipulate but at least its impossible to control and change stuff in it.

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Quote from: bitcoinikdotcom on March 19, 2019, 11:27:31 AM

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.

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Quote from: BigBos on March 22, 2019, 01:49:55 AM

Quote from: Clark05 on March 21, 2019, 12:58:37 PM

I don't think the bitcoin can Easily to manipulate because if people have different thinking because otjer selling and buying their coins.
The price of the bitcoin will not become $1000 for sure this year will become more than 10,000 dollars. We know that because investors panic selling they manipulate the market last year 2018 because millions investor are panic selling .

you're right, even more so now there are so many bitcoin exchangers. besides, it requires a lot of money to manipulate the current bitcoin prices. well, we know it won't be easy even though it can. of course it is also a very big risk for people who try it.

That is why I can’t really wait for the time bitcoin price will become very stable at a very high price, let’s say like $100,000 per coin because then, it will really be too expensive for them to buy large and manipulate the market, though at this price it is now, we still have some people that are extremely rich and can afford to pump so much money into the market to manipulate it using just 1 exchange, though it is quite risky like you said, because if someone decide to buy 500,000 btc, selling it off completely might be quite difficult.

Sometimes, I feel some of these exchanges should even regulate the amount of bitcoins that can be bought at once to control some actions of these whales. But, there are having limitations only for withdrawal amounts (for their security and for other compliance reason) and bothering about those manipulations.

When bitcoin market grows and when more people are participating in "real bitcoin supply-demand" mechanism, I guess whales will lose their power to control bitcoin prices. Moreover, when bitcoin ecosystem grows in more number of adopters, there will be no more whales and even some people will be holding more number of bitcoins, they cannot manipulate against massive number of small holders.

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I think it could happen at the market since we don't know how much one traders have a balance in one market. Who knows one trader have a big balance in bitcoin and altcoin so they can easily move the price at some range they want. But still, to manipulate the price on all exchanges is not easy even if a huge amount of bitcoin is used. But if it's only on one market, I think it could be possible since, in the one market, the amount of bitcoin is not too big depends on the whales have in their wallet.

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Everything can happen especially in the cryptocurrency market. But Bitcoin at a quite high price has a slim chance to be manipulated unless there is indeed an elite or special community that has a lot of Bitcoin. Considering, the chart or the expert of analysis many are fooled by the bitcoin market in particular.

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Quote from: bitcoinikdotcom on March 19, 2019, 11:27:31 AM

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?

Your title is misleading. Bitcoin is not easy to be manipulate, since if it would be then that would be really bad money. But as you are explaining you dont really talk of Bitcoin but Bitcoin price.

If anyone would want to buy all Bitcoins that have owners. that should be around 9 millions then price would increase so much that there is no such wealth on earth.

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Quote from: dodgrad on March 22, 2019, 06:39:25 AM

Quote from: bitcoinikdotcom on March 19, 2019, 11:27:31 AM

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?

Of course it's possible, but we'll never know if it's happening. In my opinion, the real whales are still not seriously interested in the cryptocurrency market, because it is too small for them and too unstable. Bitcoin needs to collect the market cap for a few more years to attract the eyes of these major players from the financial market. So in theory, yes, but in practice not.

Reading your reply made me think I'm very poor. Imagine the entire cryptocurrency market is nothing compared to the whales? Now I wonder what would these whales do with all the money they can buy a planet, perhaps. While I hardly buy a motorcycle for myself.

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Quote from: bitcoinikdotcom on March 19, 2019, 11:27:31 AM

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?

Of course it's possible, but we'll never know if it's happening. In my opinion, the real whales are still not seriously interested in the cryptocurrency market, because it is too small for them and too unstable. Bitcoin needs to collect the market cap for a few more years to attract the eyes of these major players from the financial market. So in theory, yes, but in practice not.

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Quote from: Herbert2020 on March 21, 2019, 04:09:39 AM

Quote from: alisafidel58 on March 20, 2019, 09:31:05 AM

Quote from: bitcoinikdotcom on March 19, 2019, 11:27:31 AM

Don't you think Bitcoin can easily manipulate and below $1000 is still possible?

No, I don't think that is possible nobody can manipulate Bitcoin when it comes to its price in the market. Even whales can't do such a thing. Traders are smart enough to see if there is a manipulation going on in their exchange.

manipulation is a matter of degrees. it can go from full control of the market and the price down to only having slight influence over a short period of time. with that said manipulation exists in every market in the whole world without an exception. so saying it doesn't exist in bitcoin is a naive statement.

Of course it does exist, last market Pump and Dump really proved its existence but still with that, the price never crashed that low, I mean 1k that OP said is possible. This is why the mate said it is impossible to crash the price completely.

Because, the system also has check and balance in position which in this case are the traders and the trader are so wise now that they have learnt to monitor the activities of the whales when is about happening and I think this is exactly what is still putting a lot of them in control now and why we have not even seen sudden increase in price.

We also need to join hands not to allow them manipulate the system anymore.

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Quote from: Clark05 on March 21, 2019, 12:58:37 PM

I don't think the bitcoin can Easily to manipulate because if people have different thinking because otjer selling and buying their coins.
The price of the bitcoin will not become $1000 for sure this year will become more than 10,000 dollars. We know that because investors panic selling they manipulate the market last year 2018 because millions investor are panic selling .

you're right, even more so now there are so many bitcoin exchangers. besides, it requires a lot of money to manipulate the current bitcoin prices. well, we know it won't be easy even though it can. of course it is also a very big risk for people who try it.

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