Topic: Manipualtion and the future of Bitcoin - Poll (Read 3572 times)

Like you said there are billonaires invested here. The Winklevoss aren't going to let this thing fall down and we also got the Virgin guy, Kim Dot Com, Max Keiser... basically lots of millonaires that will not let it crash, ever.

The manipulation will naturally stop being so centered in a couple millonaries simply when a lot of millionaires and a lot of average joes join the game, then it will not be as easy to drive the market up and down at will.

the answer to your question depends on the/your future outlook of bitcoin.
if bitcoin grows several magnitudes of order, maybe becoming m_x etc., then it will be very hard to nearly impossible to manipulate.
if it stays in this range or goes to nowhere we will see (easy) manipulation till the end of bitcoin.

The Bulls are picking up cheap BTC right now, the Bears are having a party from the BTC they shorted, and the pigs are in complete chaos, panic selling, panic buying, and digging a deeper and deeper hole. Every investment asset is subject to a certain amount of speculative forces.

What is the point of this shit? There will always be some who have more than others, and they have the ability to do more as a result. It has nothing to do with good, bad, right, wrong, it is simply cause and effect. Bitching about it changes nothing.

There is manipulation in every financial market on Earth. It's just that regulation of traditional markets force manipulators to be more discrete and resourceful about it. Bitcoin doesn't have that regulation in place to control it or at least make it less blatant.

S&P500 is driven by the FED reserve, Silver by JPM, and Bitcoin by anon whales. This won't change any time soon. The best we could hope for is that we all make it out relatively unscathed. I enjoy trading this market. Without MM's shoving it around, it would be more boring than watching paint dry, so I say whatever!

For my answer to the question, I don't think they will kill Bitcoin. This is a lucrative market and they aren't going to destroy their means of income/accumulation. Now, if it were naturally tending toward zero except when they shove it up, then they will do it until it dies, but I don't think it will die because of them. Basically, if Bitcoin is to die out, it would happen with or without them and the whales may be the reason it doesn't happen faster.

Bravo for opening the topic!

Personally it is not manipulation what worries me... Biggest problem I see here is that community is just letting it happen! 2 years ago manipulator would be killed by community itself! Yes bitcoin community is bigger now and more people means more different individual goals, but still... Bitcoin succeeded because of great community, because those who come into bitcoin before 2012 knew what it takes for bitcoin to succeed. Right now to many people simply see bitcoin market as another way to get more $/€ out. This way they are only filling manipulators bids.

Community should show that enough is enough.

I always assume that there are many highly intelligent, savvy, profiteers out there with schemes to make profits off of guys just like me. With all the price manipulation the metals markets, it hard to believe their aren't efforts to manipulate a market as small as Bitcoin.

Blitz the moderator's signature nicely sums up what the manipulators are doing to Bitcoin - "these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room."

The quote comes from a post by ShroomsKit, who people call a troll. Nevertheless that particular post was spot on.

Money is a tool to exchange goods.
It allows people to avoid barter.


If you think money is a tool to gain power over other people, you have a psicopathic personality disorder, and you are dangerous.
Sure, you use no real weapon, but your mission in  life is to subdue other people by any means.
This is revealed by your view on money.

The only thing that restrains you from using weapons is the fact that they are not a viable solution for your objective of domination, as you haven't enough power to use them proficiently.
If you'd reach the power of, say, a central Africa small nation, you would not hesitate to use weapons to hold your power.

The fact that you post this on a forum regarding what is money for, reveals this your personality trait.
Think about that.

Btw, what is a gun for?
If you think guns are tools to gain power over people, then bingo.
You just have found an analogy.

And last but not least, weapons are also for defense.
If a person manipulates the market to throw people in poverty and gain more power without regards or empathy to anybody, I have all the right to use that gun and take down that person, even if he is not using machine guns to kill people.
He's just using... another weapon: money.



P.s.: I don't know you, I have nothing personal with you, I only got bad sensation from your post.
And sorry everybody for gravedigging this thread, I was searching for some info and stumbled on this.
Anyway, the matter is still well alive.

FTFY 

So What (who give a fuck)
http://youtu.be/_TjzdbNwTCY

they are to blame for huge prize variations. resulting in btc value not can be trusted
Its only a game to hold bitcoins.. A shame, because the idea of bitcoin is brilliant

Whales need their plankton, we still have ways to go.

+1
for having the nuts to post this.  




I pray that the whales (i.e. Satoshi&DimitryC.Members) will not fail with the bitcoin-project due to greed (.as seen the last days with coinlagb/gox.)
But as many other users I am also a newbie and dont have a huge stack of coins.
I met four people who have alot of coins / early adopters. All in different countries. Three of them are not only in for the money, so I'd say as long as there are more strong hands, bitcoin will succeed.



CryptoCurrencies are a blessing for humanity and open up so many new worlds of possibilities.


I hope they do not overestimate the adoption of the masses.
It is guaranteed that IF BTC fails,
we- the people, can FORGET CryptoCurrencies for another long period of time to come.(And please stop saying LTC will than lead the way, THEY WILL NOT!)

Eventually CryptoCurrencies will replace the current monetary system, for the good or for the bad that is an unwritten tale yet.



Im drunk as fuck   birthday celebration- sorry for bad speeling.

Have a nice morning/day/evening.
Remember that Bitcoin is a community of the people, please do think twice before you scam someone.
You not only heart the victim but also the community.
Karma always gets back to you..

Thanks for the offer, but I will politely pass 

But I was trying to be yours Guess you can bring a horse to water...

Often spell checkers don't work in the subject field, a true chore for some...

Manipualtion? 

Use wikipedia or a dictionary ... I am not here to be your teacher 

I think your voting points are all true to some extent. (Including the last one)