is it true that bitcoin prices have ever been manipulated - page 2.

DrGuns4Hands

hero member

Activity: 910

Merit: 550

Quote from: Mhd-Bobbi on May 25, 2018, 10:06:39 AM

Unlike stock or commodity transactions, the value of Bitcoin is unpredictable. Values can go up and down in one trading day only

However, there is an indication of the value manipulation of Bitcoin. This manipulation occurred in the year 2013 ago.

At that time, the price of Bitcoin could rise from US $ 150 / coin to US $ 1,000 / coin. This increase only occurs in a vulnerable time of only two months.

There are four researchers who found manipulation. According to them a surge in the value of Bitcoin is done by one person.

In his paper entitled "Price Manipulation in a Bitcoin Ecosystem" published in the journal Monetary Economics, Neil Gandal, JT Hamrick, Tyler Moore and Tali Oberman describe suspicious activity at the digital currency exchange center (cryptocurrency), Mt. Gox, which affects the value of Bitcoin Cs in 2013.

As quoted by TechCrunch and quoted CNBC, the researchers found price manipulation done two bots and listed as "??" in the user's country. They named this bot "Mark" and "Willy".

Markus buys and sells bitcoins at random prices and does not pay transaction fees. Upon further inspection, Mark actually did not pay to receive Bitcoin. Mark generates 335,889 bitcoins and is active from 14 February 2013 to 27 September 2013.

Seven hours after Mark becomes inactive, Willy appears with 49 accounts. Each of these Willy accounts sequentially purchases bitcoins worth US $ 2.5 million and then becomes inactive. During this period, bitcoin prices soared.

I think it is possible that there are personalities out there that can be able to manipulate the price of bitcoin. Let us see for consideration, given the trends of bitcoin and all over a million investors that would gladly take the risk on investing it; then the probability that there is someone to manipulate may be true. The thought of controlling its price is always the plan of bitcoin perhaps. Cause, there are many speculations of bitcoin in the future, hypes, and even personal opinion. Or the only thing that manipulates bitcoin is the users of it – investors, traders and users.

Vangar

jr. member

Activity: 73

Merit: 1

It is very, very hard to prove the point of impact that large organizations and governments have on bitcoin's value. There are too many participants in the market, which is decentralized at its core. Although I will admit any day that large corporations bought a good portion of the market share, still, that sort of manipulation is hard to get. Look at its value now, dropping for a few months now. It would be hard for companies to make money off it unless they are suing pump-and-dump strategies, which can be seen as well. For more info about regulators and their potential influences, I suggest you read this article https://www.cryptocointrade.com/about-trading/crypto-trading-regulations/.

kr105

hero member

Activity: 938

Merit: 501

Surely, the manipulators are always at work. I think that despite the ban, all markets is being manipulated somewhat. Bitcoin market is also the most suitable market for speculation.

bloodyvio

full member

Activity: 546

Merit: 102

if you look at the bitcoin chart on July 27th
for a while the bitcoin price slipped to $ 7,800 but then recovered to $ 8,200
so yes the price of bitcoin can be manipulated

lionheart89

full member

Activity: 350

Merit: 108

As far as I know, it can't be manipulated by an individual or a particular group, which determines the price, the bitcoin buyer and seller. And bitcoin is actually a profitable transaction, and that determines the price rise and fall depending on the interest of the market, if the demand is solid prices can rise and increase rapidly and if the demand decreases, obviously the price goes down Derastically. And also the more bitcoin price will be higher and higher because bitcoin will be in need of the world someday.

Dexion

full member

Activity: 812

Merit: 101

yes, that is true, in exchange of MTGOx, market manipulation becomes the main factor that makes MTGOx destroyed.

the MTGOx exchange finds abnormal and suspicious transactions. I think it's done by whales and hackers.

Jamie Oliver

member

Activity: 125

Merit: 10

A speculative product that has increased tenfold in a short period of time, if the price is not manipulated, do you think it is possible? The prices of speculative products are usually manipulated.

Etoasiatsxxx

jr. member

Activity: 92

Merit: 2

The Future Of Work

I think it really manipulates the price of bitcoin and is due to Whales being called. So we can see in Charts the large green bars are high. Hopefully these whales will disappear so the price of bitcoin will get back to normal and we will not be afraid of it anymore if it falls.

airinnesmith26

newbie

Activity: 50

Merit: 0

yeah surely. Price manipulation exist in every market.With bitcoin, it surely are the whales. trying to manipulate the price with their tons and tons of bitcoin. Nothing we can do really

bungutko

newbie

Activity: 280

Merit: 0

I may agree with the subject wherein there are some whales partly involve with the manipulation however, I honestly believe economics plays an important role in the cryptomarket particularly about supply and demand issue.

princebridge7

newbie

Activity: 177

Merit: 0

perhaps a small percentage of those who trade will feel oppressed by the presence of such cartels.
but I hope in cryptocurrency do not exist like that, because it has tarnished the image of cryptocurrency.

but the fact is the whales are everywhere. Huoammmppp

pooya87

legendary

Activity: 3472

Merit: 10611

whenever people can't explain some price movement in bitcoin market their first answer is always going to be "manipulation" and they have created this kind of evil entities in their heads called "whales" who are swinging the market to whichever directions they want! you can see it in majority of the answers in this topic.

the reality is, there is manipulation, there are whales and they are effective and a lot more but none of them are as big as what people around here make them to be. and most importantly not every move that you can't explain is a whale manipulating the market. it is just you not understanding the reasons.

edzleochico6

newbie

Activity: 71

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For me is yes,because there are a lot of whale players in the market and they sometimes are causing the pump and dump in the value of bitcoin.There are many big whales it means big investors and traders available into market and they have hold huge amount of btc.

Dexion

full member

Activity: 812

Merit: 101

bitcoin volatility instead of every day, but every minute, even every second. bitcoin value manipulation always occurs in every trade, MTGOx is a victim of crypto price manipulation.

I think that manipulation is never lost, I also believe that many suspicious transactions in every trade, but the quality of the exchange can minimize the risk that occurs.

Testament28

newbie

Activity: 145

Merit: 0

If you take a good look at it, the answer is yes! Why? One of the factors that would affect it price is the law of supply and demand. This factor could easily be manipulated especially by persons with big investments in it. But we don't have to worry about it because BTC won't die that easily. BTC's been a legacy for quite sometime and I don't think it would go down that easily.

Devnant

member

Activity: 118

Merit: 10

Well it has always been like that, i do not understand why are you so surprised about this problem. We all know that Whales have always been in here trying to manipulate the prices, the same happened with the futures, there is nothing new with all this

Sadlife

sr. member

Activity: 1400

Merit: 269

There are many speculation about that. Number one is the group of cartels/whales are selling their token and manipulating the price to go up or down. Number two is there is an person controlling some big exchanges in the Bitcoin ecosystem and producing fake volume trading to make the price bearish or bullish. Or it's actually both.

iotarocket

newbie

Activity: 140

Merit: 0

I believe all markets are manipulated, and some traders have openly bragged about moving the markets with huge buy or sell orders that bust through technical indicators, triggering a flurry of buying or selling. Bitcoin is no exception. I am not sure if this practice can ever be close to being eliminated.

2408AAY

newbie

Activity: 126

Merit: 0

Yes. Bitcoin prices have always been manipulated in the market. The rise and fall of the market price was all due to the manipulation of some investors and competitors.

[email protected]

newbie

Activity: 42

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Yes, I think so. It happen sometimes that it is why I am investing in ICO projects such as Socratus. It is an insurance ecosystem which provides a digital platform with instant claim payment products for insurance companies, so any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. In my opinion, it is good that they work with different kinds of insurances such as property, flight delay, cyber insurance and the core aim of the project is to help insurance companies to save their money and get their business on a new level. Like, they can help the insurance company to lower expenses from 15% to 25% on claims handling and operational expenses. Moreover, they powered by Smart-contracts & Socratus Oracles. It means that there is no more solo human decisions to pay or not to pay, no more lingering manual claims handling procedures. I think this is really cool and it seems like an innovative and demanded project.

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