Topic: Possible Bitcoin manipulation by banks - page 3. (Read 993 times)

I said that generally because I personally never heard of any involvement of banks with bitcoin itself other than its technology. they always talk about making their own. not investing in bitcoin.
and in some places it is not even legal for them to invest in an unregulated bitcoin market.

the JP Morgan thing was something open for debate I guess. some say it was their platform and they are buying bitcoin on behalf of their clients. that is what we saw in that screenshot on that Swedish website. I don't know how true or wrong this is, I just wanted to put it out there.
I personally think JP Morgan has invested in bitcoin, whether what we saw was it or not doesn't matter.

my opinion is that if banks do such things they will do it for profit, in which case the question is that "is bitcoin really that profitable for them compared to other things they do legally that makes them do this"
because they can not "kill bitcoin", the price doesn't matter even if they unload 1 billion dollar on the market, price will bounce bad up fast. market being small actually works both ways in this case.

I don't think its possible. And how exactly will they go about centralizing blockchain? max they can do is interefere when the crypto is converted into fiat currency. but if world comes to a state where everything is directly dealt with in crypto then i think banks will totally loose their power to monopolize. BTC is here to stay!!

Bitcoin's existence began to threaten several major banks. They are trying to hold back the progress of Bitcoin. but they are aware that technology can not be stopped by force.
So many banks have chosen to join Bitcoin. and that you ask if the Bank can manipulate Bitcoin and my answer, for now, is yes. but I can not give a reason now.

Yeah because BTC starting divulge their shitty business were they are just using depositors money to earn much more money, I f some law makers say that BTC is just A money laundering, then what they can say about loan shark banks that sprouting all over the globe are they not money launderer?

I do not see that the whale who has the bot , whether it is a bank/s ,hedge fund/s , or whoever will let the market grow past a certain point before they crash it time and time again to grab the profits to pay investors .Then at the bottom they also buy up a lot of the cheap coins and play the game again. With the volume of money at their disposal to play with they have complete control.

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 multidirectional ways.


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.

They won't actually need scare stories - the banks have so much money in their propritary trading accounts they can move the price by themselves without needing weak hands to do it.

They're super whales if you like.

agree you can still trade following trends to make profit.

All markets are manipulated so Bitcoin will not be an exception.

And since private banks can create money without any backup would be easy for them to manipulate but as BTC gets mature will be more difficult for them.

Inwould have thought that the markets are being manipulated
to some degree either directly and/or indirectly.

I dont know but maybe as the market gets bigger its harder
To manipulate or the effects wont be as severe, thats just
Me thinking out loud, i have no scientific proof for this 

Maybe you're right but what difference does it make. People who have the ability to trade on the bitcoin exchange happy that the roller coaster can make good money and they are not whales. B prevents will learn to understand the trends and copy the behavior of robots if there are any.

The price of the entire market , BTC and all alt coins , is now totally controlled by one large blue whale who have many tens of billions of dollars to play with and this whale is skimming massive profits using trading bots/volatility software. I would say that 90% plus of all of the trading volume is the whales creating activity in the market place. The exchanges allow these whales to operate on their platforms b/c it is more profit for them. See topic below.


The Truth about Cryptocurrency

https://bitcointalksearch.org/topic/the-truth-about-cryptocurrency-1931694

in some countries like China, it is illegal for banks to invest in bitcoin. (this was a law set in motion back in 2011ish). possibly in other places too.

additionally things that are considered manipulation of any market is considered highly illegal in almost all countries. and this is a serious financial crime.

with these said, it is not easy for banks which are heavily regulated and watched to enter bitcoin market and try to manipulate it. and banks' money is borrowed money. it is not their own which makes it worse!

very interesting! I was wondering if you can link me to a post or tell where you observed this. I would love a fun read haha.

Unless a big bank comes up with a million BTC buy in, it is almost impossible to control and manipulate the price of BTC. I've read instances of banks actually trying to do this kind of a move and have miserably failed in their attempt and ended up settling for a significant loss. Opposing the decentralisation system, any attempts at assessing authority will end up in huge losses for whoever tries.

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.

the thing is bitcoin market is big and it is still getting bigger. "banks" getting involved will be one force in the market, alone. unless they can come up with a way to pool all their resources together and do something in the same direction, it is impossible to manipulate bitcoin more than usual.

also in my opinion when you talk about involvement and manipulation you should also consider their benefit. they don't just do stuff. crashing a market can also mean no recovery, you lose a lot of money if that happens. pumping a market can also mean crash and no recovery and you lose a lot of money again.

(I apologize as i've just gotten of work so i'm in a short answer mood)
No where in my first post I never uttered the words blockchain I know the difference.

JP Morgan has bought some bitcoin, it's all over the forums and reddit and apparently was verified on the ledger. if i'm wrong someone speak up and i'll withdraw this statement. Other banks are on the sidelines considering or putting plans in the works. As for the open ended question, the whole post is about bitcoin on a bitcoin forum, what could they possibly be getting involved in, I bet you it's probably bitcoin.

Getting away from this snarky tone.

Basically they do in fact have the power to buy into bitcoin, my question is does that mean they have the power to boost and dump, that would create far more severe peaks and valleys than we've seen before as opposed to the somewhat gently ones we've seen even considering the 300% rise this year. me personally i'm holding till the cows come home bull or bear market. They have the billions to do such a move is what i'm saying. now at what rate, I don't know. that's something to ask exchanges.

I am worried the banks will try to make one of a few self fulfilling prophecies, and they haven't shown their true strength. Right now they are whining like preschoolers and I hope it stays that way. I worry too about people leaving because of their involvement when it comes to negative actions. I see bitcoin as fairly resistant to it for a whole host of reasons, but is it resistant to a massive 1 billion dollar sell off by one entity? That's more of what i'm worried about.

Banks and other financial institutions consider bitcoin as a threat to their economy since the appearance of a transparent blockchain only makes their corrupted nature more visible. That is why they also cannot accept blockchain technology in their work as well. So they will pay people or themselves work to tear down the image of bitcoin and use scare tactics to make people sell bitcoin and get out of the market. This has been happening for a long time and then people are nowadays becoming more tolerant towards such propaganda. People assume these things to happen and only buy more bitcoin during dips and this is good for the economy.

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.