Topic: Is this theoretically possible? (Read 1536 times)
This is possible but spreading news wouldn't help mucg as daily we see so many articles telling to sell our bitcoins as the market is going to crash and applying your theory the way you are saying to crash the market it sounds like the price will fall 1$ or something, even if they somehow crash it we won't see it go below 2000$ or max 1500$
I just want people to say Trump is selling when we hit a dip, that would be amazing.
Say a group of rich investors got together and intending to buy huge amounts of bitcoin with the intention to one day crash the market. Say they told other investors of their plan deception and they bought into the idea. They done this for a while making the price of bitcoin soar. If they all collectively cashed in on their bitcoins and told people/ warned people and fooled them into doing the same via news articles, websites and other forms of mainstream exposure. Could they theoretically cause enough of a collapse to then buy the bitcoins back at a low price and wait for it to boom again makinf a huge profit or am I totally missing the point?
Why would these investors have this motivation? These people want to earn money, not to crash the market. Furthermore, the bitcoin volatility offers many profits options for them and, if they are rich enough, they can use their influence to create fear when they want to buy low and euphoria when they want to sell high.
I think he is implying that rich people could profit from artificially crashing the market.
Say a group of rich investors got together and intending to buy huge amounts of bitcoin with the intention to one day crash the market. Say they told other investors of their plan deception and they bought into the idea. They done this for a while making the price of bitcoin soar. If they all collectively cashed in on their bitcoins and told people/ warned people and fooled them into doing the same via news articles, websites and other forms of mainstream exposure. Could they theoretically cause enough of a collapse to then buy the bitcoins back at a low price and wait for it to boom again makinf a huge profit or am I totally missing the point?
Why would these investors have this motivation? These people want to earn money, not to crash the market. Furthermore, the bitcoin volatility offers many profits options for them and, if they are rich enough, they can use their influence to create fear when they want to buy low and euphoria when they want to sell high.
Say a group of rich investors got together and intending to buy huge amounts of bitcoin with the intention to one day crash the market. Say they told other investors of their plan deception and they bought into the idea. They done this for a while making the price of bitcoin soar. If they all collectively cashed in on their bitcoins and told people/ warned people and fooled them into doing the same via news articles, websites and other forms of mainstream exposure. Could they theoretically cause enough of a collapse to then buy the bitcoins back at a low price and wait for it to boom again makinf a huge profit or am I totally missing the point?
In crypto currencies what you said now is what is happening and your explanation is very clear to what we are experience in crypto currencies trading. Most Time you see from https://coinmarketcap. com how volume values move from one coins to others and this keep me wonder if people are doing the same thing at the same time all over the world. Say a group of rich investors got together and intending to buy huge amounts of bitcoin with the intention to one day crash the market. Say they told other investors of their plan deception and they bought into the idea. They done this for a while making the price of bitcoin soar. If they all collectively cashed in on their bitcoins and told people/ warned people and fooled them into doing the same via news articles, websites and other forms of mainstream exposure. Could they theoretically cause enough of a collapse to then buy the bitcoins back at a low price and wait for it to boom again makinf a huge profit or am I totally missing the point?
Sounds like pump and dump. Sure that can be done, and is done regularly.
Pump and dumps work more on altcoins with low market but I'm not sure its feasible in bitcoin at least not for a profit.
It is plausible, but begs the question. If these whales are dumping 100s of BTCs at a time, they would have to run out, or buy back at some time. Do you suspect they are manipulating in both directions? I suspect the longer the adoption rate of Bitcoin remains below a critical threshold, the longer we will be exposed to the demons and phantoms.
Never forget the fact that people who started mining well before 2012 must be having a huge amount of coins and they could manipulate the price of bitcoin,since it is a highly volatile coin everyone gets a chance to get back even if they sell off at a higher price. 
Just remember this: if world banks wont be happy with all these cryptos, they can print infinite amount of fiat enough to overbuy all market and dump it to the ground. Like 100 bln is just joke for now. There are people who have more money out there, not even banks. So, I am trying to assume anything for sure, but just some quick thoughts
No, they can't. It's not how money and bank business works. You are very uninformed about it and you shouldn't spread nonsense over forum.
OP if they pump price and than dump, it only means they will do it again - so buy some cheap bitcoins, wait for what you think this is pump or whatever and than sell. Wait dump than buy etc.
because he is saying as if banks could "print infinite" amount of cash whenever they desired! and that is not true. maybe in his country the monetary system is f*ed up that they can do this but there is a lot of things to consider when printing new money, you can't just wake up some morning and say today i am going to print as much money as i like.
Just remember this: if world banks wont be happy with all these cryptos, they can print infinite amount of fiat enough to overbuy all market and dump it to the ground. Like 100 bln is just joke for now. There are people who have more money out there, not even banks. So, I am trying to assume anything for sure, but just some quick thoughts
No, they can't. It's not how money and bank business works. You are very uninformed about it and you shouldn't spread nonsense over forum.
OP if they pump price and than dump, it only means they will do it again - so buy some cheap bitcoins, wait for what you think this is pump or whatever and than sell. Wait dump than buy etc.
Say a group of rich investors got together and intending to buy huge amounts of bitcoin with the intention to one day crash the market. Say they told other investors of their plan deception and they bought into the idea. They done this for a while making the price of bitcoin soar. If they all collectively cashed in on their bitcoins and told people/ warned people and fooled them into doing the same via news articles, websites and other forms of mainstream exposure. Could they theoretically cause enough of a collapse to then buy the bitcoins back at a low price and wait for it to boom again makinf a huge profit or am I totally missing the point?
The thing is buying it and trying to sell it simply does not work.
When you buy bitcoin, you drive the price up. When you dump it, you drive the price down. In the end, they are likely to incur a loss from all this and the bitcoin price remains unaffected. Only if someone mines a lot of coins and dump it all at once can it have substantial effect on bitcoin price because this is the only way to obtain bitcoin without having bitcoin go up in the first place.
The hardest part of your plan is not buying the bitcoins but rather, trying to get others to buy in. Trading is a negative sum game so to make a profit you must convince others to follow what you want them to do. This is how pumps and dumps work.
Say a group of rich investors got together and intending to buy huge amounts of bitcoin with the intention to one day crash the market. Say they told other investors of their plan deception and they bought into the idea. They done this for a while making the price of bitcoin soar. If they all collectively cashed in on their bitcoins and told people/ warned people and fooled them into doing the same via news articles, websites and other forms of mainstream exposure. Could they theoretically cause enough of a collapse to then buy the bitcoins back at a low price and wait for it to boom again makinf a huge profit or am I totally missing the point?
It is plausible, but begs the question. If these whales are dumping 100s of BTCs at a time, they would have to run out, or buy back at some time. Do you suspect they are manipulating in both directions? I suspect the longer the adoption rate of Bitcoin remains below a critical threshold, the longer we will be exposed to the demons and phantoms.
I know a lot of people think "whales" do this. But I am not at all convinced. I have met with many of the largest traders and I assure you they do not do foolish things like this. Wealthy people did not get their money by buying low and selling high. There would be a slim chance that the price would fall low enough for enough time to buy back. The far more likely outcome would result in a loss.
Now why on Earth would I take that risk? Especially with an asset that is growing hundreds of percentage points per year. It is not logical and pros ONLY act logically.
Now why on Earth would I take that risk? Especially with an asset that is growing hundreds of percentage points per year. It is not logical and pros ONLY act logically.
i also agree on this, but only with the current situation, i think in the past whales, were actually doing what the thread is about, because it's was very easy to manipulate bitcoin back then, the market was small
now it' different it's no possible for a single entity to do anything on the market, so eveyr crash from now is genuine
Apparently, there is another player in the game : PBOC.
I know a lot of people think "whales" do this. But I am not at all convinced. I have met with many of the largest traders and I assure you they do not do foolish things like this. Wealthy people did not get their money by buying low and selling high. There would be a slim chance that the price would fall low enough for enough time to buy back. The far more likely outcome would result in a loss.
Now why on Earth would I take that risk? Especially with an asset that is growing hundreds of percentage points per year. It is not logical and pros ONLY act logically.
Now why on Earth would I take that risk? Especially with an asset that is growing hundreds of percentage points per year. It is not logical and pros ONLY act logically.
i also agree on this, but only with the current situation, i think in the past whales, were actually doing what the thread is about, because it's was very easy to manipulate bitcoin back then, the market was small
now it' different it's no possible for a single entity to do anything on the market, so eveyr crash from now is genuine
Say a group of rich investors got together and intending to buy huge amounts of bitcoin with the intention to one day crash the market. Say they told other investors of their plan deception and they bought into the idea. They done this for a while making the price of bitcoin soar. If they all collectively cashed in on their bitcoins and told people/ warned people and fooled them into doing the same via news articles, websites and other forms of mainstream exposure. Could they theoretically cause enough of a collapse to then buy the bitcoins back at a low price and wait for it to boom again makinf a huge profit or am I totally missing the point?
Sounds like pump and dump. Sure that can be done, and is done regularly.
Yes, but rich people usually think is terms of getting advantages and earning money.
They would lose money and time with this plane.
Why would they do it?
They would lose money and time with this plane.
Why would they do it?
Because their source of income is not bitcoin, I imagine that group of people can see a bitcoin as a threat for their businesses and they can think that destroying the bitcoin is good for them and their future. But this is just a theory, we will always have people and companies that adopt and promote new technologies, and others that are conservative and with bad business ideas, this people can really think that bitcoin is not good and because of it they have less and less profit over the time. In this world we will always have haters, they don't need big reason yo destroy something, but I hope that will not happen with bitcoin, chances are very low for that to happen.
Just remember this: if world banks wont be happy with all these cryptos, they can print infinite amount of fiat enough to overbuy all market and dump it to the ground. Like 100 bln is just joke for now. There are people who have more money out there, not even banks. So, I am trying to assume anything for sure, but just some quick thoughts
No, they can't. It's not how money and bank business works. You are very uninformed about it and you shouldn't spread nonsense over forum.
OP if they pump price and than dump, it only means they will do it again - so buy some cheap bitcoins, wait for what you think this is pump or whatever and than sell. Wait dump than buy etc.
Just remember this: if world banks wont be happy with all these cryptos, they can print infinite amount of fiat enough to overbuy all market and dump it to the ground. Like 100 bln is just joke for now. There are people who have more money out there, not even banks. So, I am trying to assume anything for sure, but just some quick thoughts
Your theory about price manipulation is somewhat possible and at some point, it is what is happening. The exact scenario might be a little different but somewhat similar. Hoarders of bitcoins or whales might have been doing your theory years ago or they are doing it now, who knows right? With a pile of coins in their possession, it is highly possible that some are causing a crash on bitcoin's price that triggers panic selling. They sell at a high price and buy again at a low price.
I know a lot of people think "whales" do this. But I am not at all convinced. I have met with many of the largest traders and I assure you they do not do foolish things like this. Wealthy people did not get their money by buying low and selling high. There would be a slim chance that the price would fall low enough for enough time to buy back. The far more likely outcome would result in a loss.
Now why on Earth would I take that risk? Especially with an asset that is growing hundreds of percentage points per year. It is not logical and pros ONLY act logically.
Why isn't 'selling high, buying low' logical? I mean, let's assume a guy (might not be considered a whale) who had 100BTC, and kept doing that method till he got 1000BTC. Why would anyone sit on a sum of bitcoins doing nothing, while they can double it easily like that. Heck, the 2013 bubble was great time for such method.Now why on Earth would I take that risk? Especially with an asset that is growing hundreds of percentage points per year. It is not logical and pros ONLY act logically.
Oh $h!+, I said it backwards. lol I meant buy high sell low.
Say a group of rich investors got together and intending to buy huge amounts of bitcoin with the intention to one day crash the market. Say they told other investors of their plan deception and they bought into the idea. They done this for a while making the price of bitcoin soar. If they all collectively cashed in on their bitcoins and told people/ warned people and fooled them into doing the same via news articles, websites and other forms of mainstream exposure. Could they theoretically cause enough of a collapse to then buy the bitcoins back at a low price and wait for it to boom again makinf a huge profit or am I totally missing the point?
Theoretically it is very possible that a group of investors will get together to manipulate bitcoin price. Maybe they have done it before but the public does not know about it. They can also cause enough dump for them to rebuy cheaper to wait for price to boom again. A good example for this is the price movements before and after mt. Gox's fall because it is very possible that the owner of mt. Gox that time is involved in price manipulation of a group of whales. Jump to: