Possible Bitcoin manipulation by banks

AVAMONEY

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Quote from: bitterguy28 on October 10, 2017, 02:33:00 AM

there nothing to impossible to manipulate by banks, bankers hate bitcoin for the insecuirty someday if the bitcoin goes on the top for all currency and bitcoin banks riased at al nation in the world, crypto currency replace the traditional.

of course, banks have predicted that in the future bitcoin will have more value than investing in the bank system.
this is what will change the future financial situation.
I also agree that if the bank will be involved then it will not happen, but if the individual group of bankers who have high finance involved this may happen in manipulate bitcoin price.

Opquar

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It will be harder for them to manipulate Bitcoin value the more holders there are. For now, I don't think banks will want to touch Bitcoins. There's a lot of money involved in it, but there are too few users.

Coin12

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Actually i disagree if the bank get involving into bitcoin. Since we use bitcoin because the decentralized without bank involve on it.
But i think some banks in the world have been involving not only now. But we can see bitcoin is still stable. They can just make small fluktuation on market.

bitterguy28

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there nothing to impossible to manipulate by banks, bankers hate bitcoin for the insecuirty someday if the bitcoin goes on the top for all currency and bitcoin banks riased at al nation in the world, crypto currency replace the traditional.

hypersonic1

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I would say that at the very least, many of the worst parts of their manipulations. (the things that caused the recession) were caused by processes mostly outside the realm of exchanging bitcoin. The main one being, buying crappy assets, selling them to a middle man and betting against them all with giant amounts of leverage(a massive unsupportable margin) all estimated by derivatives. Since they don't control bitcoin it's nearly impossible for them to be that far gone into screwing people over.

btcdepo

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It is more that "possible" mate, it is already happening. those greedy market makers are trying so hard to not to lose the game or in worst case get involved to game before it is too late.

Wipro

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Quote from: bitjoin on October 09, 2017, 05:04:28 AM

Quote from: hypersonic1 on October 08, 2017, 02:54:59 AM

So now that large Banks and investment firms are starting to get involved, do you think they will try to manufacture crash and correction scares to trigger more doubt and an exodus of "the weak hands"?

Yes they might do if we go higher enough in price, current figures are worth their time in crashing the market, we need to hit trillion dollar market cap first. Remember manipulated markets are great because it shows the asset is worth manipulating, assets which are worth little get no attention.

But manipulation by banks will takes the control the bitcoin and other altcoins right so how we can expect the growth in market place supply and in price wise.

There are some decentralized banks has been announced from the past 6 months but none of the were successful to continue their service with the profit. May be in future we can expect the bitcoin to reach to banking.

fanbeila

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Banks are rally concerned about the growing importance of bitcoin.It has been a direct threat for their revenues from transaction services.But,i don't think that they would do such stupid acts of buying huge volume of bitcoins to dump at once.Even if they do so,then they would be the ultimate losers as there is a huge buy wall to buy bitcoins.So,they would not be able to manipulate the bitcoin price.

They might try other methods like spreading FUD by influencing media and by releasing tweets from persons who are on top of economic bodies like jamie dimon.

dmamigo

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I think Bitcoin will be manipulated by bank or financial regulatory body. There have been talks about it in our country about some regulations or restrictions, but banks restrictions or regulation which might hamper the USP of Bitcoin might not be praised by users.

Even possibility of manipulation is there by various activities, which might turn positive or it can be negative as well.

veraoktav127

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Quote from: Christian13 on October 08, 2017, 03:38:05 AM

Quote from: hypersonic1 on October 08, 2017, 02:54:59 AM

So now that large Banks and investment firms are starting to get involved, do you think they will try to manufacture crash and correction scares to trigger more doubt and an exodus of "the weak hands"? For some reason I feel like we may see this kind of game play involving bitcoin, unless the exchanges try and do something about it. I know many exchanges have limits to help both themselves and market fluctuations. But imagine a massive sell off that kpe bitcoin at the same price for years or made it go down severely enough to trigger worry among even veteran users.

is this possible?
should more precautions be taken against greedy abuse of the system.
is the system already to resilient to be messed with by them.

thoughts please.

I don't think the users will appreciate the involvement of banks since it is one of the main reason why people use bitcoins, to have freedom. If the banks can greatly affect the value of BTC, users might not like using it anymore.

I also think banks and bitcoins have different rules, although both are the same in terms of functions as a medium of exchange but their different uses so both have their respective advantages and disadvantages so that both will support each other with cooperation.

bitjoin

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Quote from: hypersonic1 on October 08, 2017, 02:54:59 AM

So now that large Banks and investment firms are starting to get involved, do you think they will try to manufacture crash and correction scares to trigger more doubt and an exodus of "the weak hands"?

Yes they might do if we go higher enough in price, current figures are worth their time in crashing the market, we need to hit trillion dollar market cap first. Remember manipulated markets are great because it shows the asset is worth manipulating, assets which are worth little get no attention.

HasHe

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Quote from: erickkyut on October 08, 2017, 04:03:34 AM

It is impossible for banks to manipulate Bitcoin. Bitcoin is decentralized. Therefore, banks has no control over it. Aside from that, banks are against Bitcoin. They hate its concept because it is their mutual enemy. I cannot see any possibilities that banks can manipulate Bitcoin even in the future. In fact, Bitcoin can possibly overcome banks.

Neither banks nor big whales could manipulate bitcoin market here after.Bitcoin market has grown vigorously over the past years and it has crossed the boundaries of nations.It has users almost world wide.Its also extensively increasing.Bitcoin is no more an altcoin market in which the marketcap will be very low and so manipulation could be easily done if we have a considerable amount of bitcoins.

Banks have considered bitcoin as their rival.They would not even think of investing such a huge amount to buy large number of bitcoins to manipulate the market.Even if they do so,eventually they would have to loose their dumped bitcoins to the hands of people from various parts of the world since bitcoin has a huge buy wall.That idea would be stupid to do.

What banks could do is to continuously criticize that bitcoin is used for illegal activities and money laundering.One step ahead,it can influence big industrialists or investors to tweet that bitcoin is a total waste or a fraud as we saw earlier in Jamie dimon's case.

DoublerHunter

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Quote from: dificanovi on October 09, 2017, 03:17:09 AM

bitcoin a big enemy for the bank, so the bank wants to destroy bitcoin. bitcoin has a huge effect on the banks, but whichever bank wants to destroy bircoin will not work. bitcoin now stands very solid, though the whole country has not officially launched bitcoin, but bitcoin is already widely used by people all over the country.

The banks will not have a chance against bitcoin because bitcoin is so powerful and because of its decentralization it cannot be destroyed or manipulated by the people around and even the banks cannot do it and the only thing that they can do is opposite from destroying and that is coping the world of bitcoin with their traditional system and continue serving without eliminating any threats like bitcoin.

Herbert2020

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Quote from: dificanovi on October 09, 2017, 03:17:09 AM

bitcoin a big enemy for the bank, so the bank wants to destroy bitcoin. bitcoin has a huge effect on the banks, but whichever bank wants to destroy bircoin will not work. bitcoin now stands very solid, though the whole country has not officially launched bitcoin, but bitcoin is already widely used by people all over the country.

yeah, banks want to destroy "bircoin" but bitcoin is what they love.
did you know that because of bitcoin banks have been making a lot more money than before! go check out the bitcoin trading volume of different exchanges. a big portion of it is the money flowing in and out of exchanges. all this money is going through banks and banks take a lot of profit because of these transactions. meaning profit.

zollyharvan

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Of course some involved such as the market (bank or other) will play games or look for busyness and seek excellence. It would be no mistake to think this has not happened in some form or form, but it certainly will increase as the market grows. This is of course only your concern if you are a trader and they compete with them.

dificanovi

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bitcoin a big enemy for the bank, so the bank wants to destroy bitcoin. bitcoin has a huge effect on the banks, but whichever bank wants to destroy bircoin will not work. bitcoin now stands very solid, though the whole country has not officially launched bitcoin, but bitcoin is already widely used by people all over the country.

bitcoinvestor

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Quote from: erickkyut on October 08, 2017, 04:03:34 AM

It is impossible for banks to manipulate Bitcoin. Bitcoin is decentralized. Therefore, banks has no control over it. Aside from that, banks are against Bitcoin. They hate its concept because it is their mutual enemy. I cannot see any possibilities that banks can manipulate Bitcoin even in the future. In fact, Bitcoin can possibly overcome banks.

Banks can manipulate bitcoin, I agree that bank is centralized and bitcoin oppose the system. What can banks do is to make regulation or ban bitcoin exchagers with govt. The question is whether all govts will ban bitcoin? Not all countries agree to ban bitcoin. Japan against China, so bitcoin will be bitcoin the decentralized financial system that will run through all borders.

megynacuna

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Quote from: rockyboy on October 08, 2017, 06:44:12 PM

Maybe, manipulation can be possible if they will invest in bitcoin and some altcoins. They have the money for an investment.

They musty own so much bitcoin in order to manipulate it and that i doubt because bitcoin is so decentralized even with the stocks people are having in their wallets. You can not easily have about 20% or even more of all bitcoins in the world, not even Satoshi has that and so it's going to be difficult for them to manipulate the prices

rockyboy

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Maybe, manipulation can be possible if they will invest in bitcoin and some altcoins. They have the money for an investment.

ribablue

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Mir ist aufgefallen, dass bitcoin und ether fast den gleichen Kursverlauf haben.
Ist dieses Zufall, oder sind hier bigplayer, die mit Computerprogrmmen, die Kurse
manipulieren
Kann mir jemand hierfür eine Erklärung liefern.

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