Massive bitcoin manipulation possible? - page 2.

speem28

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Quote from: Joon RBlock on November 13, 2017, 06:11:34 AM

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc Huh

Of course! They are one of the major reasons that make a huge influence on the price of bitcoin. Those people you're pointing out have different businesses that is why they maintain being a billionaire. So let's say this, for example, we all know that most things still have to be paid for in fiat money right? large companies or owners (the one you are pointing out), can sell a large portion of their bitcoins so that they can pay their business expenses. this is what you called dumping and it can leave the value of bitcoin at bay. Same goes if they do the opposite, called "Holding" that in results, will have an increase in demand of bitcoin so its price will pump.

AK47-

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Yes, it can happen. There are some huge BTC holders that can bring pump and dump. But in any case they can't sustain the pump or dump for longer. Market will ultimately bounce back to the original pace unless all the big hodlers decide and dump. Market is getting diversified, this strengthens the price. After touching every ATH, a mindset develops among the hodlers. More big players are entering, this will make the distribution more uniform and hence will take out the control from few. Market is shaping amd will get more stronger in coming years.

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Quote from: Shenzou on November 20, 2017, 11:48:40 AM

Quote from: Joon RBlock on November 13, 2017, 06:11:34 AM

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc Huh

It is possible to do so but they would all have to have a large amount of bitcoin, the bitcoin market is not that big since there is a limited amount of btc cerceling the market, but the alone can't have a massive impact on the price not like bring it down to a low price or hold it until it is crazy high, because bitcoin is controlled by everyone who uses it and the blockchain netowrk, if the demand strats getting high and there is not fullfiling it the mining difficulty will go down and thus bring the price down, and same goes the otehr way around, the blockchain system was meant to keep the netowrk as balanced as possible so no one can controll it and this making it as decentrelized as it could be.

Blockchain network has nothing to do on the balance thing that you do mention on here because it is just a medium for making transactions which the total concern on here about manipulation is on its users itself. Manipulation is possible but would really require too much bitcoins or lets say 10% on the total circulating supply then its possible to affect the price but cant totally dump it. Bitcoins price do have strong supports which it do recovers easily when theres a price decrease.

Shenzou

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Quote from: Joon RBlock on November 13, 2017, 06:11:34 AM

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc Huh

It is possible to do so but they would all have to have a large amount of bitcoin, the bitcoin market is not that big since there is a limited amount of btc cerceling the market, but the alone can't have a massive impact on the price not like bring it down to a low price or hold it until it is crazy high, because bitcoin is controlled by everyone who uses it and the blockchain netowrk, if the demand strats getting high and there is not fullfiling it the mining difficulty will go down and thus bring the price down, and same goes the otehr way around, the blockchain system was meant to keep the netowrk as balanced as possible so no one can controll it and this making it as decentrelized as it could be.

beerlover

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Quote from: canMERT on November 13, 2017, 08:05:41 AM

Something related with BCH, something going on in these days.

In fact, that is a very simple example. There was a huge manipulation on BCH recently on its value and we all know where that obviously came from.

Some of these guys have funds to do this but they do not have everything to pull all the stunts except they have all the coins to themselves which is not possible. It will only continue and end up stopping at some point.

Bitcoin is not owned by just one person and every one all over the world have some coins in their wallet and the strength of the community these days will not really make a single person to just dump what he has for a lower fee when there are so many people willing to buy at a lower value and get it pumped back.

sukamasoto

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Let's take a look for the richest bitcoin address, I think it's own by company or even a single person so imagine if they sold all of their bitcoin, I can guess that it will affect on bitcoin value globally. Well it's just too powerfull but I'm still believe on bitcoin by purchasing it every month without any doubt !

z38630610

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Quote from: Joon RBlock on November 13, 2017, 06:11:34 AM

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc Huh

If it is true you should pay attention for today and spend your time for increasing the value of time when bitcoin price is high. You have enough time to earn. Imagine that bitcoin is manipulation of rich investors, you have also chance to get rich if you use your brain smartly.

bakunawaaa

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Very possible. Many big banks are already doing it. Goldman Sachs is already dealing in it same with HSBC. Many banks in Europe trade in bitcoin. In Singapore gold bulion market are already accepting bitcoins. There are for sure many whales out there as what they call them. If someone for example owns around one million btc and they decide to sell it at a very low price. They can slowly sell in small sizes. Then they will buy it all back once the price goes really low. They will then hold again and make profit. This is easier because there are no regulations around crypto.

Ctn

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Quote from: vv181 on November 17, 2017, 07:31:25 AM

Quote from: carlisle1 on November 17, 2017, 03:19:19 AM

The whales,the miners and the developers do this job,its obvious that they are the one that dectates what will happen to the market and the whole community.but its part of the circulations this is how the currencies grow.for the users and investors not to stand by one.but to segregate thier capital.so we muat give credits to them for making the cypto this big and popular now

agree, Bitcoin is so flawed since BCH was created. It allows the miners to flip-flop between both coins at any time, so it's the miners that decide either they set the pump and dumps. as an example is the last BCH pump. I'm sure it is a great manipulation.

Yeah sadly thats true thing and I think the most of the disturbing factors (surprisingly) is the decentralised blockchain itself. One can jump from one spot to another without any restrictions and can just manipulate stuff in the crypto currencies. Im pretty sure that it is good thing for the crypto currencies because hey come on we are making profits like that way. At least for me I bought the bitcoin when they went little low this time and look at the prices now, they are giving me more than 2-4% of margin to sell and reinvest the same. Good days always come and go.

bitcoinvamp

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Quote from: Joon RBlock on November 13, 2017, 06:11:34 AM

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc Huh

It is possible to manipulate the cryptocurrency market or bitcoin market if there are investors with billions . But there is a very poor chance that billionaires would time for such thing. they have greater important task rather than manipulating the bitcoin price. Still if that happens there will be too much fluctuation in prices and will all depend on the rich who invested in bitcoin.

cryptojac17

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Quote from: Yamifoud on November 17, 2017, 09:34:43 AM

Quote from: MakeMoneyBtc on November 17, 2017, 09:05:19 AM

Quote from: Joon RBlock on November 13, 2017, 06:11:34 AM

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc Huh

If we think logically that is not really possible because rich billionaires have things better to do that playing with bitcoin price. If we think fictional rich billionaires can manipulate the price of bitcoin in a few seconds. They can anytime buy hundreds of thousands of bitcoin because that would be cheap for them. This will surely increase the price of bitcoins a lot. But, if they would want to destroy bitcoin price they would sell that bitcoins for less than 10% of their original price. Money controls almost anything in this world

Agree with that, money is very powerful at this time. We know that's the reality but I totally don't like it as become a superior to us. I know powerful person playing their money just to enjoy but not to the unfortunate people.
Billionaires can do a lot and can be manipulate bitcoin price in the market because they can certainly afford to have it. But they failed to make just because bitcoin can't ever be controlled by anyone, even though how much powerful you are.

Yeah if you are in capitalism society manipulation of Bitcoin by billionaires is not far to happen or even it is happening already since those people that can afford to buy Bitcoin, but the the technical team doing behind these for sure they have already a contingency to prevent this to happen.

appleffi

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Quote from: Joon RBlock on November 13, 2017, 06:11:34 AM

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc Huh

This make sense and I think it is possible since billionaires or rich peoples has that great power which can easily manipulate the bitcoin system, and it is not really impossible at all. I believe that someday these reach people can change the decentralized structure of bitcoin to being controlled and regulated and who knows when it will happen.

Yamifoud

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Quote from: MakeMoneyBtc on November 17, 2017, 09:05:19 AM

Quote from: Joon RBlock on November 13, 2017, 06:11:34 AM

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc Huh

If we think logically that is not really possible because rich billionaires have things better to do that playing with bitcoin price. If we think fictional rich billionaires can manipulate the price of bitcoin in a few seconds. They can anytime buy hundreds of thousands of bitcoin because that would be cheap for them. This will surely increase the price of bitcoins a lot. But, if they would want to destroy bitcoin price they would sell that bitcoins for less than 10% of their original price. Money controls almost anything in this world

Agree with that, money is very powerful at this time. We know that's the reality but I totally don't like it as become a superior to us. I know powerful person playing their money just to enjoy but not to the unfortunate people.
Billionaires can do a lot and can be manipulate bitcoin price in the market because they can certainly afford to have it. But they failed to make just because bitcoin can't ever be controlled by anyone, even though how much powerful you are.

panganib999

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Quote from: hheight on November 13, 2017, 06:30:46 AM

Actually this is the main reason for the growth or fall of the currency.

For me it is possible because there is a stock for equal amount of transactions it could possibly take. And it is a good thing for bitcoin tohave a massive bitcoin transaction in terms of investments and business purposes. If more people will support bitcoin is could help bitcoin more to raise its price and to attain development and growth for the future.

Freddyclose

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the bitcoin is already manipulate, as most of the alts on the side

MakeMoneyBtc

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Quote from: Joon RBlock on November 13, 2017, 06:11:34 AM

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc Huh

If we think logically that is not really possible because rich billionaires have things better to do that playing with bitcoin price.

If we think fictional rich billionaires can manipulate the price of bitcoin in a few seconds. They can anytime buy hundreds of thousands of bitcoin because that would be cheap for them. This will surely increase the price of bitcoins a lot.

But, if they would want to destroy bitcoin price they would sell that bitcoins for less than 10% of their original price. Money controls almost anything in this world

Sled

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Bitcoin- in bullish time

I don't think that bitcoin will have a possibility for a massive manipulation because the price of bitcoin is too high and expensive for that thing to happen and i believe that with bitcoin, it takes a lot of dollars before you can even change the price on the amount that you want to see so manipulating bitcoin is only possible when the price is only 3 digits but now, i think that it is impossible now.

R_Block

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Quote from: strocifer on November 17, 2017, 07:51:45 AM

Even on the biggest financial markets you have manipulation.
Stocks markets are now under the control of HFT.
Interest rates are biased as well, you can see how LIBOR was manipulated for years by the most established banks.
Oil is under the influence of majors especially during Platt's window...
and so forth so on.
So no doubt crypto markets are highly manipulated as well!

This is true but this is easier to do in the Cryptomarket. I guess this is very similar to when the stockmarket was first established.

strocifer

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Even on the biggest financial markets you have manipulation.
Stocks markets are now under the control of HFT.
Interest rates are biased as well, you can see how LIBOR was manipulated for years by the most established banks.
Oil is under the influence of majors especially during Platt's window...
and so forth so on.
So no doubt crypto markets are highly manipulated as well!

jekjekman

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Quote from: Joon RBlock on November 13, 2017, 06:11:34 AM

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc Huh

Of course it is possible because Bitcoin is money and with people having multi billion dollars in asset can penetrate the market of cryptocurrencies if they really want to do it and we can't do anything about it if they will do it. As for example to what happened with Bitcoin Cash extreme price hike that almost reaching $2,500 per Bitcoin Cash that only lasted almost an hour I think this is a pure manipulation of price with the whales in trading because they see the opportunity that it has a big audience at the time and they pump and dump it.

It is true that news is controlled by people who got money to give as it is an advertisement company that the only purpose is to deliver news for free but they will give the people who read or watch their news an advertisement that is catchy even if it's not true, but not always as there is still some legitimate news that exist.

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