Topic: What if influential people buy Bitcoin back and forth? - page 2. (Read 656 times)
That is already market manipulation IMO, and would probably be frowned upon by the market as it shows that only a few people control the market at their own will, and that's not good especially if we want this market to mature even further. Though this is the case, I don't think influential people would be bothered to do such a thing, and would just focus on their money-making machine instead of trying to game the whole bitcoin market. The market is already a large one on its own accord, and a few million $ (or even billions, heh) isn't enough to move it to a direction wherein everyone and their mothers would be compelled to buy or sell.
That's like it's impossible, don't we see what influential people do when they manipulate the market? they can no longer be trusted by the community, already many people are losing because of the purchase back and forth of influential people.
But that doesn't mean that they won't do it again, I mean it's a pretty much animalistic thing to do, you have the money enough to move the market then you will just do it and then sell it at a profit.Reality wise, if it's all about money, greed will always have its share to this kind of actions, those influential people will keep doing it as they understand that they'll going to keep collecting decent amount of money from people who continue to follow them.
We can't deny that fact, as people always aiming for easy and quick profits. Choosing to ride with the trending movement and not to deal with doing their DYOR leads them to lose instead of earning money from this market.
influential people know that, emotions and laziness are enough to control and earned from this market.
If many influential/giant whales post messages expressing support for Bitcoin, or expressing that they have purchased Bitcoin, will they promote market changes? If they enter the cryptocurrency field back and forth, whether cryptocurrency is not considered free and easy The market is over, and everyone is following the whale operation. Although the market needs volatility, is this kind of random volatility still meaningful?
Before you get a really serious investment in Bitcoin, it's a good idea to first learn what causes Bitcoin's price volatility very high...
Of course, we have experienced this very often like what was done by whales and elon musk which can have a very influential impact on bitcoin in a short time so that they get big profits the way they did a few months ago, which makes many people sick of the behavior of those who play this business in their own way, we no longer care about what they will do to the crypto world, and we will carry on this business as usual
the world of bitcoin the market is huge so it is difficult to manipulate the price in any attempt to the manipulation will have a short term effect and will be forgotten in about a week and may be sustainable
Let's take the example of Elon's tweet that made bitcoin fall in price which had previously been hit by news from China and the USA regarding the ban on mining, here we can see that influencers have an influence on the development of bitcoin pump and dump prices.
Let's take the example of Elon's tweet that made bitcoin fall in price which had previously been hit by news from China and the USA regarding the ban on mining, here we can see that influencers have an influence on the development of bitcoin pump and dump prices.
That's like it's impossible, don't we see what influential people do when they manipulate the market? they can no longer be trusted by the community, already many people are losing because of the purchase back and forth of influential people.
If influential people buy and sell bitcoin to and fro, it would keep up the hype of the coin. Also, the currency may become even more volatile than it already is due to price fluctuation of this extent. But, it can work out to be beneficial because this will surely create hype among investors.
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If "influential people" do this, "they" should first think of the consequences of doing so, and "their" supporters will give up following "them" for this. It may affect the market at first, and then there will be no one to trust, and then the market will return to its original state.
If that can give their supporters the profit, they will follow those influential people because they can get the advantage from that moment. The random volatility itself already happened a long time ago and it will happen many times. But the market will not over because not all of the whales will have the same thing to show what they do to the public. Those whales who have their plan will stick to their plan and not follow the other plan, especially if they know it is all about manipulating the market. 
It will surely affect the market, once an influencer have promoted something it will increase its customer, just like if they are going to promote or give good feedback on bitcoin then most of their followers will do the same as them. Every projects or coin need a marketing and one of those is having an influencer that can promote the coin and make more people buy it.
It is true that influencers can influence the price of Bitcoin, because what influencers say will usually be followed by their followers. So the more
followers of an influencer can have a big effect, therefore I really hope that influencers with large followers can support Bitcoin. Doing so can help
push the Bitcoin price up, I agree that all projects need promotions to make them attractive to many people. Including Bitcoin requires a lot of
influencers who can promote Bitcoin, so that more people will buy Bitcoin, that way the price of Bitcoin can soon return to above the $60k price again.
If many influential/giant whales post messages expressing support for Bitcoin, or expressing that they have purchased Bitcoin, will they promote market changes? If they enter the cryptocurrency field back and forth, whether cryptocurrency is not considered free and easy The market is over, and everyone is following the whale operation. Although the market needs volatility, is this kind of random volatility still meaningful?
The influential people do have the effect on market and when they promote something their fans will automatically rush to buy that product or the coin they have mentioned.For instance we have seen Elon Musk have moved the doge and btc market a lot just with his tweets and was accused of promoting many memecoins and messing up the whole crypto market at this time.Same is the case with bitcoin like if any renowned celebrity purchased bitcoin and tell everyone about it and say investment of huge funds into it the market will eventually rise by some portion and people will invest it btc meanwhile.This is the power of advertising like why celebrity are paid millions to post about their product because they know it will boost it's sales.But for bitcoin many celebrities need to promote it and invest billion dollars by mass to move the market cap and prices above. If "influential people" do this, "they" should first think of the consequences of doing so, and "their" supporters will give up following "them" for this. It may affect the market at first, and then there will be no one to trust, and then the market will return to its original state.
this exactly what happened to elon musk . he is an influencial guy and people are excited at first because he says that he will support btc but we found out that he is only in for manipulation . he lost a lot of followers and his tweeting powers have decreased . its important that we must first think before we click If many influential/giant whales post messages expressing support for Bitcoin, or expressing that they have purchased Bitcoin, will they promote market changes?
no not really if its only a message without proof because that is manipulation and we hate it but if the whales really bought a large quantity of btc , that can make the price change . the price can go up and it can gain confidence .
If "influential people" do this, "they" should first think of the consequences of doing so, and "their" supporters will give up following "them" for this. It may affect the market at first, and then there will be no one to trust, and then the market will return to its original state.
Mostly, Bitcoin is an investment tool, whales are investments, institutions are investments, and many individuals are also investments.So they are buying back and forth in market.However, with the development of cryptocurrency and more and more applications in social life, the volatility of Bitcoin will become smaller and smaller.
Yes, the words of influential people with a large audience in mass media promote changes, even in the cryptocurrency world, we can see the consequences of it right now. Sometimes it can be even more meaningful than the influence of the whole country (as a very recent example: Elon vs China impact on the crypto market).
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Although the market needs volatility, is this kind of random volatility still meaningful?
In the long term volatility isn't a good feature in terms of currency, but at the initial stage, when promotion and spread of news is crucial for massive adoption - volatility plays an important role because it attracts the attention of mass media and investors.
it will be good i think, my reason is because that way more and more people are willing to invest their money in crypto so higher demand will increase the price and even though there are volatile price swings i think it's normal and as it happened recently- recently This is what one of the most influential and richest people in the world did. Its impact is felt all over the coin, even though it is only the doge that catches the eye. imagine if other influential people also did the same with some other coins. it will be very interesting.
should not only depend on market sentiment alone, such market movements are only temporary. It's better to learn the fundamentals of the project as well to get better investment opportunities. the hype is often just for quick profits, if you are late in or late out then the risk is big.how long will you rely on tweets? although it's not completely bad but it's better if we have strong anticipatory steps than just relying on hype. let's be wiser in managing investment funds.
on the other hand, influencers who promote crypto have a very positive impact on the dissemination of information related to the cryptocurrency ecosystem.
If influential people will buy Bitcoin back and forth, its impact would be dependent of the range of their so-called mass influence, and the volume of what is being bought and sold. I think that the volatility of crypto will not be eliminated regardless of this, but there would be possibilities that fluctuations can be manipulated if people would act under the influence of such personalities.
This has happened a lot of times and as big whales come to control the market, price flucuations will be much affected. The whales will make the whole crypto market dump so they can take advantage and buy the coins while they are still cheap.But as expected everytime a big celebrity comes to manipulate the market, the result will only be temporary and eventually the market still recover again and will be back to normal. Just like what Elon has made an impact to the market and then after a while, everyhthing's back to norma again.
If influential people will buy Bitcoin back and forth, its impact would be dependent of the range of their so-called mass influence, and the volume of what is being bought and sold. I think that the volatility of crypto will not be eliminated regardless of this, but there would be possibilities that fluctuations can be manipulated if people would act under the influence of such personalities.
This has happened a lot of times and as big whales come to control the market, price flucuations will be much affected. The whales will make the whole crypto market dump so they can take advantage and buy the coins while they are still cheap.But as expected everytime a big celebrity comes to manipulate the market, the result will only be temporary and eventually the market still recover again and will be back to normal. Just like what Elon has made an impact to the market and then after a while, everyhthing's back to norma again.
If many influential/giant whales post messages expressing support for Bitcoin, or expressing that they have purchased Bitcoin, will they promote market changes? If they enter the cryptocurrency field back and forth, whether cryptocurrency is not considered free and easy The market is over, and everyone is following the whale operation. Although the market needs volatility, is this kind of random volatility still meaningful?
You can never really rule out the possibility that some type of manipulation, even the one you described, could theoretically be happening. However, the way you described it would mean you are talking about OTC trades. Those don't affect market volume or market volatility. As far as I know that data is nowhere to be reported. What does happen though might be coordinated short squeezes, meaning that if a lot of short positions are open, some whales might coordinate an attack on those short positions by buying up Bitcoin massively such that those short positions get squeezed out. The more expensive Bitcoin becomes, the harder it is to move the market in any direction, meaning that coordination could indeed become valuable even for whales.
If influential people will buy Bitcoin back and forth, its impact would be dependent of the range of their so-called mass influence, and the volume of what is being bought and sold. I think that the volatility of crypto will not be eliminated regardless of this, but there would be possibilities that fluctuations can be manipulated if people would act under the influence of such personalities.
it will be good i think, my reason is because that way more and more people are willing to invest their money in crypto so higher demand will increase the price and even though there are volatile price swings i think it's normal and as it happened recently- recently This is what one of the most influential and richest people in the world did. Its impact is felt all over the coin, even though it is only the doge that catches the eye. imagine if other influential people also did the same with some other coins. it will be very interesting.
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