Is Bitcoin Too easy to manipulate? - page 4.

goaldigger

sr. member

Activity: 2422

Merit: 357

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?

Since its more focused on technological rather than economical for me, i will say that it is easier to manipulate rather than stock markets and any other markets who focused on economy, exchange rates, oil and so on. The reason why bulls, bears and whales are just there waiting for the right time that they can profit with the panic sellers.

shesheboy

full member

Activity: 714

Merit: 114

Quote from: BigBos on March 21, 2019, 03:27:21 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.

some people have done it, and I don't know whether it works or not. however, I think manipulating bitcoin is very difficult. well, but anyway, there must be a way to do that even though it's very risky.

Manipulation works only if the manipulators have a big capital in which they can easily move the price to go up or down depending on their preference . whales are commonly known as real manipulators because they are the ones that has a big budget . you cant call yourself a manipulator if you cant succesfully move the price of bitcoin .

also , manipulating bitcoin is not easy like you said because bitcoin is expensive while other coins alts and tokens can be easily manipulated because they are more cheaper .

Oceat

sr. member

Activity: 2506

Merit: 368

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 can't say that unless you know how much the whales are hodling on their wallet right now. Sometimes it takes a group of people to bring the market down and I guess they were doing it in order for the market to drop and they can easily gain profit from the weak-handed people. I'm sure they were waiting for the right time to drop it all and start to release the bull to run.

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

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?

Bitcoin can easily be manipulated but can't say that persons can easily change it's price by buying a lot of bitcoins in low or high prices (I mean group buy).
As I see bitcoin's price is easily manipulated when someone says something on it, for example when there was rumor that china was going to ban bitcoin mining and etc something similar.
Btw if bitcoin go under 1000$, then I highly believe it will damage bitcoin's reputation and kill all hope of further rise in everyone.

Clark05

sr. member

Activity: 1274

Merit: 263

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 .

justspare

hero member

Activity: 1022

Merit: 538

Quote from: pooya87 on March 20, 2019, 12:50:59 AM

easy compared to what?
compared to altcoins, absolutely not. it is extremely harder to manipulate bitcoin than it is to manipulate altcoins.
compare to gigantic markets like gold, it is very easy to manipulate bitcoin price in comparison.

also it has nothing to do with market capitalization! that's just an arbitrary number when it comes to cryptocurrencies. what makes manipulation possible is the size of the market, more specifically the order books on exchanges and whether they are packed with large number of orders or small number of them.

Manipulation actually do happen in Bitcoin too and that is the effect of it when we saw the last BULL rise to $20,000 and was dumped suddenly too, the only thing I disagree on is him comparing the system to gold and also thinking that any form of manipulation could force BTC to 1000 dollars which I really doubt.

Gold market has been in existence for a very long time and if we look at the history, it must have experienced one or two of such issues before getting stabilized, BTC is a very new system that is barely 10 years old and a time will come in years to come when all these manipulation will stop and it will be stable like gold too.

Herbert2020

legendary

Activity: 1946

Merit: 1137

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.

Supercrypt

legendary

Activity: 1554

Merit: 1054

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?

It will be quite difficult for them to do so because if they do buy the whole coin in the market, fine, the market price will pump high but who will they sell the coin to at that high price, because it must have cost them fortune too to do so, it will end up becoming useless to them considering the fact that it is a system that is still struggling to gain relevance, so this will also make it impossible for them to manipulate.

Moreover, talking of buying the whole BTC in circulation is very impossible because not everyone bought BTC at bear market, most people bought BTC when it was even $10,000 and majority of them will be unwilling to sell till bitcoin increases above that, so they can only buy the remaining supply which will push up the price up a bit and many believer will keep holding till it reaches $20,000 predicted for next year.

BigBos

sr. member

Activity: 1974

Merit: 450

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.

some people have done it, and I don't know whether it works or not. however, I think manipulating bitcoin is very difficult. well, but anyway, there must be a way to do that even though it's very risky.

omonuyak

sr. member

Activity: 882

Merit: 269

Manipulations exist in almost all the trading and financial assets and I think people and institutions can still manipulate bitcoin and cryptocurrencies market and that do not mean it is not secure or safe. I believe that we are going to have more transparent in future that will make it very difficult for whales to manipulate the market.

ajqjjj

hero member

Activity: 1498

Merit: 507

Not your Keys, not your Bitcoin

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.

Market manipulation is always depends on whales buying and selling because huge margin Bitcoin sold in quickly, market will going to moon. But Bitcoin was unsold two or more days market will die anytime so whales are controlled the crypto market and stock market.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

On one side everything is saying they choose Bitcoin because it's independent and decentralized and on the other hand they are saying Bitcoin is manipulated. These things can't go together, it's the one or the other.
I don't think that Bitcoin price could be manipulated in direction that one or the other interest group or individuals want. Some influence on price is made by whales but that is not so large extent.

alisafidel58

full member

Activity: 364

Merit: 127

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.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: Ararbermas on March 20, 2019, 06:51:12 AM

Nowadays yes bitcoin so easy to manipulate which is because of some ppl that always panicking when there's a correction on the price or small fluctuation. especially when there's only a Fud's that spreading false alarm just to intimidate holders ,because ppl always jumping nowadays and keep selling to prevent losses even though have no idea if it's true or not. .

Panicking is a reaction dude. It's not a form of manipulation. The ones initiating panic are the ones doing the manipulation. And it's not surprising. Anyone who has enough funds can start a pump and dump action that can snowball wildly due to fomo and panic.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

I don't think its "too easy", I mean if it was that easy than any one of us could do it.

I have actually tried to do it myself with a smaller coin, I had couple bitcoins to test and the volume for the coin was like 40-50 bitcoins a day so it was easy to manipulate the price with 1-2 bitcoins and I did it and the price went up insanely for a day and went down insanely as well while nobody really understood why.

Now, I was powerful enough to move that coin, is there people who are powerful enough to move bitcoin? Yeah but, they need a lot of money to do that and there are not that many people with that much money and interested in bitcoin so all in all its a small number of people who are constantly manipulating the price, its not easy but its definitely doable.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Nowadays yes bitcoin so easy to manipulate which is because of some ppl that always panicking when there's a correction on the price or small fluctuation. especially when there's only a Fud's that spreading false alarm just to intimidate holders ,because ppl always jumping nowadays and keep selling to prevent losses even though have no idea if it's true or not. .

adaseb

legendary

Activity: 3808

Merit: 1723

I think right now it seems that alot of bitcoin price manipulation happens due to the leverage futures exchanges like Bitmex.

They offer 100x contracts and since they have the most volume, many algo bots follow those markets and arbitrage on real cash exchanges. So its not hard for someone with 200-300 BTC to open multiple accounts on Bitmex and starts multiple $10,000,000 market sell/buy orders and create a domino effect of liquidations.

Its very odd why for the last few months we have been having business days of little volume but on the weekend having huge moves... usually weekdays are suppose to be the most volatile and not vice versa. But it seems like the whales are taking advantage and assume that less people trade on weekends and they try their manipulation then.

pooya87

legendary

Activity: 3472

Merit: 10611

easy compared to what?
compared to altcoins, absolutely not. it is extremely harder to manipulate bitcoin than it is to manipulate altcoins.
compare to gigantic markets like gold, it is very easy to manipulate bitcoin price in comparison.

also it has nothing to do with market capitalization! that's just an arbitrary number when it comes to cryptocurrencies. what makes manipulation possible is the size of the market, more specifically the order books on exchanges and whether they are packed with large number of orders or small number of them.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Well, the manipulation is carried out by the Strong Hands or the whales, I think it has always existed, what happens is that to some extent bitcoin is worth $ 4k today, but if there is demand, it will be absorbed by the growing supply that It exists in orders at higher levels, just as it happens in the stock market.

And the only one of being able to manipulate or move the market is with the introduction of institutional money or at the level of strong hands, this is how the market moves.

If you compare it with gold, it turns out that gold has much more history than Bitcoin, Bitcoin was born in 2009, instead, gold has passed several times through the basic stages of the market and, of course, has much more capitalization, gold it is considered as a truly stable and liquid action, while Bitcoin is not, it is decentralized and very volatile.

Maybe over the years, Bitcoin will capture much more demand. However the structure of bitcoin can be easily studied by methods of speculators and investors of the Stock Market, since its market has everything necessary for it, because it has the structure and technology behind bitcoin, it is very large and of great progress .

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: hugeblack on March 19, 2019, 02:46:09 PM

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

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?

Do not forget that there are some bitcoins can be mined and thus increase the amount and reduce the impact of manipulation.
Decentralization makes anyone who has ready-made mining devices able to reduce the amount of manipulation if they buy/sell them coins.
Also, do not forget that there are a lot of coins outside central platforms meaning that some ~~greedy~~ HODLing people will not sell even if the price rise up to 100,000, these people will reduce the impact of manipulators.

Everything is possible if you have a lot of money.

Manipulation do already exist even on traditional markets like Forex and stocks which is more rampant or plausible due to Fiat money system is being used
where we know that big institutions do really have that power or capability when it comes to funding or supply holding but in Bitcoin, due to its properties plus
the numbers is already diversified, manipulation would really be less nor not possible.The only thing about manipulation is on the events that drives out the market
on planned ranges.

Topic: Is Bitcoin Too easy to manipulate? - page 4. (Read 15036 times)