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".
