Topic: Possible Bitcoin manipulation by banks - page 2. (Read 993 times)
Banks supporting bitcoin is always suspicious it's better if you don't invest just because some famous bank referred it to you they are surely planning a attack on bitcoin by finding out who all invested and maybe then ask proof of purchase there are many risks when bank interfere it's better if you stay away
There will always be attempts to manipulate the market using whatever tactics that are available to the attackers but Bitcoin is the honey badger of money and does not care about banks. Look at the price after all the FUD recently.
maybe it can be happened, the bank manipulation the demand of bitcoin, so they will control the price where they want and when they need. maybe it happened to china, and it will be happen to any country on this world
i would not agree in future any group such as bank corp possible controlling bitcoin value and manipulation it
these would be will harm the crypto as its dependencies
these would be will harm the crypto as its dependencies
Marginal trading is totally new experience for crypto traders and leverage will kill their profits in blink of eye. That's why big banks and financial inistituions hire experienced individuals to soar their profit.
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.
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.
It is highly possible and probably ongoing right now. Margins in trading is an easier access to these kinds of strategy. Rich and greedy people have always find their own ways to make the most of loopholes. They are going to manipulate pumps and dumps as well because of their very large holdings.
I don't feel all the countries will ever join as a single force to ban Bitcoin which could cause a massive dumping of it. Rather banning of it is rare case and won't contribute much in its price decrease.
Bitcoin already has large strong community. Certain tension from specific areas like from China in September isn't capable of affecting it at large. As sooner or later, community works as one hand and help it recovering from dumps. Bitcoin has recovered from $2.8k to $4.5k in just 10-15 days.
Bitcoin already has large strong community. Certain tension from specific areas like from China in September isn't capable of affecting it at large. As sooner or later, community works as one hand and help it recovering from dumps. Bitcoin has recovered from $2.8k to $4.5k in just 10-15 days.
You do not know that bitcoin is not affiliated to any countries. The creator of it is Satoshi Nakamoto. And he is anonymous. Nobody in this world know him that well. Because of the fact that he is using his anonymity. By that nobody can control him in his works on bitcoin. Even if it is good or bad nobody can own him, so as bitcoins.
By banks, you mean government's.!! The authority is pissed off with cryptocurrencies. Decentralization will end the hold which government's have on people. They'll eventually create their own coins or do something to harm crypto.
Who else? There's no doubt that they are the manipulators. Most of the banks are against bitcoin. And everytime bitcoin is pumping they creating some drama. And media sensationalized it and caused panic to people and sell their bitcoins. This cause the bitcoin price dumped. They take advantage of the dips to get some cheaper bitcoins. Remember JP Morgan Chase's Jamie Dimon, he said that bitcoin is fraud. The price goes down huge. But they were caught buying at the dip. Anyway their drama works.
Manipulators are the big players of bitcoin. I think they just paid those guys to manipulate the price, in my opinion.
Manipulators are the big players of bitcoin. I think they just paid those guys to manipulate the price, in my opinion.
This is really happening. Who is financing the exchanges margin trades? If not banks then they should be something big. Margin trades are the reason why FUD and corrections should happen. Look at how rigged forex trading is.
For me, regular dumps are no problem. If whales can earn a lot of money, what prevents you to do the same? Yes you will earn less than they are because you don't have millions of dollars, but you earn anyway. A bigger problem will be when bitcoin stabiliziruemost and speculative capital will leave bitcoin. It can really derail bitcoin or kill him.
I don't think banks can do that because they don't have any control over the bitcoin. Bitcoin has a very unique feature that makes it very hard to control its very private even tracing the ownership will be very difficult unless the government will conive with these banking institutions
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.
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.
What I think is that the involvement of the investment firms in the next segwit2x, this move has been opposed that could possibly make bitcoin as what it is or in short a centralized effect, and this could possibly start manipulations. what I see is the coin split and which coins miners bring their hashes will be the winner. hope the Real bitcoin will win, the decentralized bitcoin that we all been patronizing.
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.
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.
Point of correction, large banks and investment firms are not starting to get involved, they are already involved and everyone is trying to make the best out of the current situation.
Whether they will manipulate or not, any person in bitcoin knows that the volatility of price will need to be attached to one reason and when we can't find any reason, we give credit to the whales without knowing who they are I.e it could also be the banks that you are making reference to which also leads to the fact that the manipulation has been ongoing.
What to do to curb or stop it, its based on individual resolution not to be used as pawns in the scheme of things. Get understanding and never be ruled by emotions because that will be the worst decision after all.
So they spend millions and millions buying up a lot of bitcoin, and then they can dump them all at once, crashing the price, buy back lower, profit.
this strategy won't work in my opinion.
because if you dump a lot of bitcoin on the market you just temporarily crash the price. there has actually been examples of this. i remember Coinbase crashed down to 10 cent or something like that a couple of months ago. and it did not even last more than a couple of minutes before everyone bought the ULTIMATE cheap coins. and price jumped back up to where it was before!
The holy grail for a greedy hedge fund is to corner the market, or something like that. If you control the supply, you control the price. And bitcoin has a hard cap on the amount of supply. I am a bit worried that large funds may enter bitcoin and manipulate the price. Its not that hard since liquidity isnt all that deep, which is why we get all these swings. there is a lot of volume, but its mostly algorithmic trading and not all of it is "real", i.e. lots of wash trades I think. So they spend millions and millions buying up a lot of bitcoin, and then they can dump them all at once, crashing the price, buy back lower, profit. Or the big trade, buy everything, then pump the price. In that case I'm on board because the price will skyrocket. but what goes up too fast...
Let me tell you bitcoin and banks are real enemy of each other and banks will try to create conflicts against bitcoin for sure. No doubt bitcoin is being used by big firms and exchanger to make their ways easier through the transaction portal. But there are banks who comes in the picture when the transaction is to be made into fiat currency. They will just bring up all the questions against the the transaction do that they can not allow the system to flow in multi-directional ways.
I would rather we realized that banks are really not the enemy of Bitcoin, they're businesses out to make profits which ever way they can, only they have to constantly look over their shoulders, not to offend their masters - the central banks! Most of the central bank are the arch enemy of Bitcoin and anyone here that doesn't know yet, deserves not to be here in the first place!Quote
Exchangers can not and will never be able to do anything about it in the first place because they are already outlawed by regulatory authorities. So for them it's like nil before me situation and they will just get manipulated by the big bankers. Who knows where this will lead in the future.
Bitcoin have proven to be a very speculative tool and I would be taken aback if the banks could afford to sit on the fence, watching such profit making opportunity to pass-by.As for manipulating the market, that's nothing new and it mustn't take a bank to do so, even if you and I have millions of Bitcoin, our sell and buy orders will likewise jolt the market, but then that would only last for just a while and the market soon absorbs that constrain and move on. That is a reason we should all be doing our own bits to maintain a healthy and robust community, where decentralization is our most formidable weapon.
Depends, If there's a strong urge of individual or agency to counterfeit the system's of bitcoin, maybe they could find solutions to manipulate bitcoins in banks, There's always a saying " If there's a will, There's a way" . The issue still hanging but the answer may found in the future, So lets wait what comes next.
I don't think that there will be a manipulation in bitcoin by the banks because we all know that the bitcoin is full decentralized so anyone cannot do anything that they want in bitcoin because it is untouchable and no one have right to do something in bitcoin like manipulating. People will do their best to defend bitcoin in any kind of manipulation and even the banks cannot surpass.
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