Bitcoin Forum

Economy => Economics => Topic started by: Joon RBlock on November 13, 2017, 11:11:34 AM



Title: Massive bitcoin manipulation possible?
Post by: Joon RBlock on November 13, 2017, 11:11:34 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 ???


Title: Re: Massive bitcoin manipulation possible?
Post by: matuson on November 13, 2017, 11:21:47 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 ???
Of course you can. What do we see now? Do you think all the people suddenly felt a great love for bitcoin cash? This is a mere speculation. After a few days everything will return into place. The only difference is that those who sold and bought bitcoin bch will lose all your money.


Title: Re: Massive bitcoin manipulation possible?
Post by: hheight on November 13, 2017, 11:30:46 AM
Actually this is the main reason for the growth or fall of the currency.


Title: Re: Massive bitcoin manipulation possible?
Post by: Drixy on November 13, 2017, 11:38:36 AM
Main investors is the users who put bitcoins in their wallet.
 It is possible every individuals have the power to increase or decrease bitcoin on a minimal amount depending on the users choice.


Title: Re: Massive bitcoin manipulation possible?
Post by: gentlemand on November 13, 2017, 11:49:15 AM
Yes absolutely. It's really not a very big market by anyone's measure. And before anyone says 'but it's x billiion' it is but most exchanges mindlessly follow other ones. All you  have to do is plant yourself on Bitfinex and the world will copy your moves.


Title: Re: Massive bitcoin manipulation possible?
Post by: VitKoyn on November 13, 2017, 12:25:59 PM
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 ???
Yes it is possible for cryptocurrency market to be manipulated but it is relatively difficult to do if you are planning to do it with few avaerage investors, but if you're with a group of wealthy investors that own huge amount of Bitcoin then yes. The best example here is the recent Bitcoin Cash pump and dump scheme which group of wealthy people led by Roger Ver dumps their Bitcoin and bought extremely high amount of Bitcoin Cash and sold it at the high price leaving small investors without profit and lose their investments. I feel bad for those people invested in BCH when it hits $2100+.


Title: Re: Massive bitcoin manipulation possible?
Post by: mukabokep on November 13, 2017, 12:26:51 PM
very likely from the very beginning of the person who created bitcoin until the market price of the milliarders has interfered in it .. I myself believe that bitcoin is created as a currency that upholds freedom and is owned by everyone without any interference by the state..


Title: Re: Massive bitcoin manipulation possible?
Post by: hase0278 on November 13, 2017, 12:31:08 PM
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 ???
It is very possible and one great proof of that is what happened in the market in the past few days. In fact, Jihan Wu and others who participated cannot be considered extremely rich yet, but they have successfully manipulated btc even for a bit. What would happen when those elites move to pump and dump btc? I am sure price would be manipulated for a period of time after this happen and it will last for a long time.


Title: Re: Massive bitcoin manipulation possible?
Post by: aso118 on November 13, 2017, 12:38:00 PM
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 ???

They definitely can. The worst part is since the crypto market is unregulated, they won't be breaking any law. You should have patience and conviction; do not be misled by massive price movements.


Title: Re: Massive bitcoin manipulation possible?
Post by: Darwintas on November 13, 2017, 12:41:31 PM
They can easily tell you something and you will believe it. Thats why i always save up my coins i don't trust anyone because they want my coins. They are liking it to steal your coins.

So in short it is possible and they are already doing it.


Title: Re: Massive bitcoin manipulation possible?
Post by: lucifochrome on November 13, 2017, 12:52:18 PM
It is possible especially to the people who have huge influence or have a huge amount of money. Just like what dimon did, there are other people who just hid in shadows and have a huge amount of money who will just buy bitcoin and by doing that it will pump the price, then they will just sell again in line with the issues that bitcoin faced which will make the price dip. and process will just repeat over and over.


Title: Re: Massive bitcoin manipulation possible?
Post by: canMERT on November 13, 2017, 01:05:41 PM
Something related with BCH, something going on in these days.


Title: Re: Massive bitcoin manipulation possible?
Post by: RoadToBTC on November 13, 2017, 01:18:32 PM
I think it could happen, but it takes a lot of money to make a drama like that. Maybe not just some people, but maybe some groups are already planning well. Because of such things I think it will not be done unexpectedly. we can take advantage of that opportunity to get a good profit from the drama.


Title: Re: Massive bitcoin manipulation possible?
Post by: tomahawk9 on November 13, 2017, 01:31:49 PM
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 ???
As others have said, yes it is possible. Take a look at the CME group bitcoin future annoucement and you'll get your answers, a financial company getting ready to manipulate the market by robbing buying liquidity from bitcoin in order to surpress the price. The floodgates are open for wall street and whales to start their market manipulation, we have yet to see the true power of the elite in the cryptocurrency world.


Title: Re: Massive bitcoin manipulation possible?
Post by: Slark on November 13, 2017, 01:32:43 PM
Op, everything is being manipulated by the rich elites - there are no exceptions here. They are manipulating media, governments, world's economy is in their hands.
It is foolish to think that they haven't realized that bitcoin and cryptocurrencies, in general, are a great way to earn additional billion $$$ or two.
Can we do something about it? No, not really. So there is no need to worry about as there is no need to worry about the weather on Mars.


Title: Re: Massive bitcoin manipulation possible?
Post by: CuriousGeorge on November 13, 2017, 01:32:47 PM
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 ???
It is very possible and one great proof of that is what happened in the market in the past few days. In fact, Jihan Wu and others who participated cannot be considered extremely rich yet, but they have successfully manipulated btc even for a bit. What would happen when those elites move to pump and dump btc? I am sure price would be manipulated for a period of time after this happen and it will last for a long time.
I guess that they didn't directly manipulate the bitcoin with their wealth? my assumption is that by spreading fake news they keep telling the bitcoin miners to switch to BCH because it's to be said
more profitable than mining bitcoin and succesfully getting support from miners and taken the hash power of bitcoin to bch


Title: Re: Massive bitcoin manipulation possible?
Post by: waynechong1995 on November 13, 2017, 01:38:58 PM
I believe there are some sort of connections between big whales or powerful media before making big moves in market, it's already happening with strategic FUD, conspiracy going on with the price and the parties publicly bashing each other. Pump and dump is less likely but they could easily drive the market up with unknown orders and everything seems to be too good for them. That's way i stay away from this market as the current bitcoin market is increasingly unpredictable, like it could go high in days and was justified by some incoming fork, but every decision seems so volatile and fragile, no real improvement has been made on the network, hmm seems like manipulation for me.


Title: Re: Massive bitcoin manipulation possible?
Post by: Monta3002 on November 13, 2017, 01:41:54 PM
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 ???
Yes it is possible. Like what is happening in the market today was planned, my friend sent me a news about the dumping of bitcoin and pumping of bitcoin cash and what's going in the market is true of what I read. It was made by traders to get some profit on bitcoin cash but it is only for a while. Bitcoin cash now will dump and bitcoin will pump.


Title: Re: Massive bitcoin manipulation possible?
Post by: gabmen on November 13, 2017, 01:45:18 PM
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 ???

Lol. Obviously if they have that much btc, they'd be able to play with the market whenever they want. It just depends now if we can ride the waves created by what these whales are doing.


Title: Re: Massive bitcoin manipulation possible?
Post by: pinoyden on November 13, 2017, 02:03:16 PM
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 ???

yes it is possible, thats why we have whales. whales are group of people or individual that is so powerful and extremly rich that he buys a massive amount of bitcoin to somehow manipulate the bitcoin markets. not only bitcoin but also some other coins like bitcoincash which was happened lately.


Title: Re: Massive bitcoin manipulation possible?
Post by: xingqiaoyin on November 13, 2017, 02:53:43 PM
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 ???

It is hard work to convince other rich billionaires and other powerful people to meddle with bitcoin market, for many of them bitcoin is plutonium they dont want to touch it. Warren Buffet for example he spoke about bitcoin many times and got it wrong. There are many billionaires who embrace bitcoin today but it is harder for them to meddle the market than compared to 2014 when market cap is under one billion dollars.


Title: Re: Massive bitcoin manipulation possible?
Post by: Maxre on November 13, 2017, 03:00:08 PM
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 ???

yes it is possible, thats why we have whales. whales are group of people or individual that is so powerful and extremly rich that he buys a massive amount of bitcoin to somehow manipulate the bitcoin markets. not only bitcoin but also some other coins like bitcoincash which was happened lately.

now depends on each individual.
willing to follow the waves or hold the waves.
at this time we will feel a big profit or loss depending on your choice.


Title: Re: Massive bitcoin manipulation possible?
Post by: fiulpro on November 13, 2017, 03:36:20 PM
OFFCOURSE !
There is no doubt in it !
No matter how foolproof anything is .. People do find ways to manipulate it according to themselves.
Even right now u have the example if segwit2x where the bitcoin team decided to gain more profit themselves by splitting the bitcoins and fighting for the real bitcoins !
And suddenly it was called off..
Everything is sneaky if you look closely.
There are banks and investors manipulating it behing the scenes and the genral public suffers for the sake of their so called profit ! That too self centred.


Title: Re: Massive bitcoin manipulation possible?
Post by: bettor_earth on November 13, 2017, 03:51:27 PM
Of course it is. I have connection with all of them. All the banking & money system is control by 1 group.
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Title: Re: Massive bitcoin manipulation possible?
Post by: layoutph on November 13, 2017, 04:06:38 PM
The answer is yes,  a price can be manipulated by market whales,  just like what happened yesterday.  Roger Ver used his 300k btc to pump bitcoin cash from his wallet.  if you have a huge btc like that you can pump any coins you want.  

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 ???


Title: Re: Massive bitcoin manipulation possible?
Post by: Oilacris on November 13, 2017, 04:11:23 PM
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 ???

It is hard work to convince other rich billionaires and other powerful people to meddle with bitcoin market, for many of them bitcoin is plutonium they dont want to touch it. Warren Buffet for example he spoke about bitcoin many times and got it wrong. There are many billionaires who embrace bitcoin today but it is harder for them to meddle the market than compared to 2014 when market cap is under one billion dollars.
Chances would really be there on which bitcoin can really be manipulated if big players are deciding to join up with this thing but come to think off that most of them wont really bother to invest on bitcoin. Those people can possibly manipulate prices since they do have the capability on doing such thing and knowing 1B price allocated will really affect the market for sure.


Title: Re: Massive bitcoin manipulation possible?
Post by: yamortsac on November 13, 2017, 05:27:31 PM
i think they can, there 's a possibility that they can manipulate the price of bitcoin, since they have a lot of money they can do anything with the use of money. They can buy lots of bitcoin and this surely affect the markets.


Title: Re: Massive bitcoin manipulation possible?
Post by: honeyb0y on November 13, 2017, 05:42:40 PM
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 ???

Of course it is and it is in fact happening right now, you can see that the only prices that are having a
large trade are BTC and BCH. Manipulations made by whales are for their own interest and gain.


Title: Re: Massive bitcoin manipulation possible?
Post by: FrueGreads on November 13, 2017, 05:50:33 PM
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 ???

Yes it is possible. Right now the bitcoin market is still very young, and has low liquidity, so it can be manipulated buy big investors. Of course that as adoption takes place, it will be harder and harder to do it. As soon as institutional money starts pouring into bitcoin, I think that only Satoshi Nakamoto, could influence the market with his 1.5M stack.


Title: Re: Massive bitcoin manipulation possible?
Post by: kodtycoon on November 13, 2017, 06:40:14 PM
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 ???
as we can see recently the price of bitcoin dumped and BCH pumped, I'm sure it's a game of a bunch of billionaires who manipulate the market. But now we can see bitcoin prices have recovered and BCH back dump. I would not worry if it happened because it was just a game.


Title: Re: Massive bitcoin manipulation possible?
Post by: faceoff97 on November 13, 2017, 06:52:45 PM
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 ???
Yes they could manipulate the value, just like what just happened. They pre-planned and organised an attempt to make a new coin to gain demand from people through making sudden change of value. This may affect bitcoin value causing people to panic and transfer to othee coin. On the other hand, bitcoin is still not dependent on rich people. Its value is still based on its investors and supporter. Few people could manipulate it in a short period of time just to make panic, but that wont be the reason to make it crash.


Title: Re: Massive bitcoin manipulation possible?
Post by: diouf67 on November 13, 2017, 07:05:19 PM
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 ???

Sadly this is all too possible and it's all too likely that this already happens, in any market there is the potential for large players to influence and manipulate the market in ways that are favourable to themselves. Sadly in this life most things are premeditated.


Title: Re: Massive bitcoin manipulation possible?
Post by: seizetehday5 on November 13, 2017, 09:09:17 PM
Not only can they do that but I also imagine they are actively doing this a lot. Maybe not always with bitcoin but altcoins for damn sure. There is not much liquidity in many alts and once you go past the top 50 or top 100 things can be manipulated quite easily. Be weary of the coins that have small volume but huge market caps those are for sure traps, dont fall for it!


Title: Re: Massive bitcoin manipulation possible?
Post by: nenuakak on November 13, 2017, 09:19:01 PM
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 ???
With a ordinary currency they can precisely manage. But I do not know with bitcoins, it seems that here it is necessary to get powerful specialists of IT


Title: Re: Massive bitcoin manipulation possible?
Post by: szpalata on November 13, 2017, 09:37:53 PM
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 ???
as we can see recently the price of bitcoin dumped and BCH pumped, I'm sure it's a game of a bunch of billionaires who manipulate the market. But now we can see bitcoin prices have recovered and BCH back dump. I would not worry if it happened because it was just a game.

If it was a game the BCH has lost bitterly and they will continue to loose in any future attempt to reduce bitcoin. The price of bitcoin has began recovering and i know it's going to exceed the previous rate before it started dipping.


Title: Re: Massive bitcoin manipulation possible?
Post by: loragean03 on November 13, 2017, 09:54:06 PM
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 ???

of course that's a possible, more whales can manipulate the price of bitcoin on the market so the cause is more pump and dump. not just on a pump and dump, whales can manipulate bitcoin from creating fake news, to make us small investors to panic and do a lot of massive dump to make bitcoin price down and that the time whales takes an action to buy more bitcoin and hold until the price goes up. very impressive is in it,


Title: Re: Massive bitcoin manipulation possible?
Post by: Redanim on November 13, 2017, 10:09:30 PM
Of course, this is not something that is possible, but it really is. Bitcoin rate exactly depends from these big players. Most people thinking that bitcoin rate falls only because of forks, but it falls down not worse because of investors. There are many investors which are investing billions and because of this bitcoin rate is falling, that how system works.


Title: Re: Massive bitcoin manipulation possible?
Post by: sunsilk on November 13, 2017, 10:24:11 PM
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 ???

Yes, if they have billions of dollars invested to bitcoin they can totally manipulate the market of bitcoin. If you know who Roger Ver is, there he goes and him together with his team doing it for so many times.

You noticed that bitcoin cash pumped too much and that's what he did, they did pump bitcoin cash and wanted bitcoin to take over but that hype is over.

News are also affecting the price of bitcoin, when there are bad or good news there's an impact.


Title: Re: Massive bitcoin manipulation possible?
Post by: vicvicto17 on November 13, 2017, 10:32:48 PM
Yes there is even if you don't look the chart some times bitcoin is manipulated by big whales. so strong hands always win here when pulling bitcoin in a exchange. weak hands are always crying.. so better stick to fundamentals, always read news about bitcoin


Title: Re: Massive bitcoin manipulation possible?
Post by: athanz88 on November 13, 2017, 10:40:29 PM
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 ???

It is possible if you can make a big community with a big money in their hands on bitcoin. There are some ways that can make this things happen, such as :
1. Pumping another coin by shifting their money to that coins.
2. Making a fake news so people panic and sell their bitcoin.
3. Selling some of their bitcoin to real fiat currency.
That is what i can think of the way to manipulate bitcoin prices. Big people really can manipulate the prices, since they have a lot of money on bitcoin and, sometimes big people are friends in real life, so they can arrange and make this happens. But i hope they dont make it often
For small investor like us,it is a scary things to face, but i hope we can make it through wtihout panicking and making a bad decision over it.


Title: Re: Massive bitcoin manipulation possible?
Post by: Harrisonimo on November 13, 2017, 10:49:45 PM
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 ???

I have had this thought and believe that it is quite possible for someone or some group of persons to go on and manipulate the Cryptocurrency market; directly or indirectly. I do have my reservations though as to why the system could be so tampered with at will. Just getting know from someone that a guy intentionally did a transaction that has held the blockchain on a lockdown; quite outrageous but it has happened. There are truly some Heads making some decisions in this regards


Title: Re: Massive bitcoin manipulation possible?
Post by: szpalata on November 13, 2017, 11:08:07 PM
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 ???

I have had this thought and believe that it is quite possible for someone or some group of persons to go on and manipulate the Cryptocurrency market; directly or indirectly. I do have my reservations though as to why the system could be so tampered with at will. Just getting know from someone that a guy intentionally did a transaction that has held the blockchain on a lockdown; quite outrageous but it has happened. There are truly some Heads making some decisions in this regards

Well for this group to manipulate things it means they hold a big chunk of bitcoins and i think we should allow them because just like majority share holder in a company they can throw their hands around and command certain things not all of us can,.


Title: Re: Massive bitcoin manipulation possible?
Post by: alexzorgo on November 14, 2017, 12:37:57 AM
The latest events with BitcoinCash completely proved it. So far capitalization of the market is small to have enough approximately up to 10% of capitalization of coin to have opportunity to influence its cost. So far at the moment exist  mining of currencies in the current type, it is peculiar gap in safety of currency too


Title: Re: Massive bitcoin manipulation possible?
Post by: jc89 on November 14, 2017, 01:47:55 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 ???

That's what is happening the whole time. These "whales" can easily and is manipulating the market in favor of them. Bitcoin can drop even though a fraction of Bitcoin is sold to to an exchange. This is how volatile Bitcoin is. So just think about these "whales" sold some Bitcoins, not in fraction but in whole, it will sure make a huge impact on Bitcoin's price.

Another are these popular, known and influential people. Once they provided a statement that is negative enough, it could make the price down. This is the same when they give positive statements, it would make the price surge.

So is it possible? It has been this whole time.


Title: Re: Massive bitcoin manipulation possible?
Post by: orions.belt19 on November 14, 2017, 02:20:00 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 ???

yes it is possible, thats why we have whales. whales are group of people or individual that is so powerful and extremly rich that he buys a massive amount of bitcoin to somehow manipulate the bitcoin markets. not only bitcoin but also some other coins like bitcoincash which was happened lately.

The whales have said to be manipulating the price and greatly contributed to the frequent pump and dump we have been experiencing because they want to gain or profit. Just recently, the hype over the pump for bitcoincash was said to or rumored to be controlled by a man who have a huge amount of bitcoin. Because of the thousands of bitcoin at his disposal, he has the capability to create this kind of pump and dump. What OP has been asking is quite true and it's the reality were experiencing now.


Title: Re: Massive bitcoin manipulation possible?
Post by: ashfer on November 14, 2017, 02:20:54 AM
Bitcoin has nothing to with the rich and the poor.I don't think that the rich and powerful people can manipulate the market of btc.Only the investors or the users who hold btc in their wallet has the power to increase or reduce the value of btc depending on the number of btc they are holding say for example if a person is holding 300 btc and is going to sell off all his btc then the price of the btc will crash.


Title: Re: Massive bitcoin manipulation possible?
Post by: kier010 on November 14, 2017, 02:49:18 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 ???

that is possible, they can affect the market. just like bitcoin cash it is possible that they are manipulating it so they can make more profit.


Title: Re: Massive bitcoin manipulation possible?
Post by: krisnt80 on November 14, 2017, 03:13:25 AM
Its already happening those, we do have bitmain and some others powerfull mining pools wich are able to influence a lot the price, there is like a monopoly of miners and they can push the price up and down anytime, sure there are now more players into crypto soo isnt soo easy as before to manipulate the value, and well we the medium and small investors can or not support the new values, but since bigger is good for all usually.


Title: Re: Massive bitcoin manipulation possible?
Post by: mrcash02 on November 14, 2017, 04:13:58 AM
It's possible, but to make this manipulation possible they must be working together on the same purpose and I don't know if it works this way as each whale has their own interests and will try their best to make other whales lose to rule the market. However, some Crypto enthusiasts say it's not possible to happen... I don't understand why they say it anyway.

In my opinion a manipulation like that could ruin the currency, but as I observe these greedy people are more interested in killing Bitcoin than manipulating this.


Title: Re: Massive bitcoin manipulation possible?
Post by: dulce dd121990 on November 14, 2017, 05:44:44 AM
yes it is verry much possible! Rich and billionaires can really manipulate the bitcoin, specially a grop of this people. As we can see what is happening today. Lot of investors are the reason on the bitcoin market value ups and down.


Title: Re: Massive bitcoin manipulation possible?
Post by: darthmaul on November 14, 2017, 07:53:13 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 ???




I think there is currently a live example of that thing called as BCH pump is going on. If you see the market of bitcoin cash then you will see that it has been manipulated by massive 8-15 billion USD which was artificial pump by Roger (a fool). That and the bitcoin and any other alt coin can be manipulated if you have got big billions. That is the game here and that is how things are manipulated and profits are gained by rich people. This is all possible because of one characteristic  of the bitcoin and that is called as Decentralised nature of the bitcoin. So yeah simple everything is manipulated and can be manipulated always. :-)


Title: Re: Massive bitcoin manipulation possible?
Post by: Shamie1002 on November 14, 2017, 08:08:32 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 ???

You really dont have to ask now. It already happened. Well answering your question, yes it can. And in my opinion, it doesn't have to be a rich people.
Even if a small group of people can manipulate the price by unity.
Greed can definitely make someone so selfish that they can do such thing to trick others and earn through others hard work.
I think this is one of the most terrible thing that could happen over time.
The only advise I can say is that people should know how to react to such events.  Wise decisions are needed to lessen or avoid losing investments.


Title: Re: Massive bitcoin manipulation possible?
Post by: Kingofbitcoin12345 on November 15, 2017, 08:23:35 PM
I do agree but taking that as a whole view of whatever happening on bitcoin price is not true.. 2017 is a different story and all new investors are genuine to they’re intentions to profit from it.. We can’t speak beyond what is true than what is speculative opinion by anyone towards a billionaire perspective that we are ourselves are not one of them.. So,, this needs to be given consideration..


Title: Re: Massive bitcoin manipulation possible?
Post by: salihno71 on November 15, 2017, 08:59:51 PM
Unfortunately, this world is currently such that with enough money, you can do whatever you please. You can start wars for your own benefit, manipulate public opinion, sell crap for useful stuff and - why not - manipulate the price of the bitcoin. In this case it would take probably several billions.


Title: Re: Massive bitcoin manipulation possible?
Post by: NavySeals on November 15, 2017, 09:29:25 PM
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 ???

Well, this depends. If they have 10,000s or 100,000s bitcoins, they can simply manipulate the price in the direction they want. They can make pump and dumps, or price speculation/manipulation.

This actually happens in altcoins, but for bitcoin, the capital needed is huge.


Title: Re: Massive bitcoin manipulation possible?
Post by: vtypromo on November 15, 2017, 09:31:35 PM
I believe bitcoin had been massively manipulated ever since it was created until now.  I believe this huge spike and huge dip is made by Bitcoin whales thinking that by doing this kind of stuff will enable them to make their holding bigger and hoping weak hands sell to their buy wall.  This is no news and cannot be avoided.  It is best to ride this whales scheme to book profit.


Title: Re: Massive bitcoin manipulation possible?
Post by: 777asianinvasian on November 15, 2017, 09:33:26 PM
Surely is possible but is not probable unless you get a few huge whales together. Over the past few months there have been allegations about a "spoofy" not sure whether this is a trader or a group but they do manipulate BTC so saying this cant happen isnt right because it likely already has happened.


Title: Re: Massive bitcoin manipulation possible?
Post by: amaral1977 on November 15, 2017, 10:29:08 PM
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 ???

You have several examples of BTC market manipulation that already happened or alegedely happened... Just as examples the huge market manipulation by Chine with the Exchange ban news.. it is said the sole purpose was to control some of the chinese exchanges, Other example was the segwit 2.0 news and cancelation and imediate speculation on Bitcoin cash.


Title: Re: Massive bitcoin manipulation possible?
Post by: freeyourmind on November 15, 2017, 11:11:25 PM
Why not? When you look carefully around you can see that. It is possible to find many clues about this kind of manipulation.


Title: Re: Massive bitcoin manipulation possible?
Post by: Oceat on November 15, 2017, 11:29:53 PM
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 ???

Well, this depends. If they have 10,000s or 100,000s bitcoins, they can simply manipulate the price in the direction they want. They can make pump and dumps, or price speculation/manipulation.

This actually happens in altcoins, but for bitcoin, the capital needed is huge.
You never know those addresses on blockchain who holds a lot of Bitcoin those are Whales except on exchanges. How would you react on such huge amount of Bitcoin they were holding and i am sure they were the ones who can manipulate the price of Bitcoin by using their power as a top Bitcoin holder in our society.


Title: Re: Massive bitcoin manipulation possible?
Post by: Inkdatar on November 15, 2017, 11:40:51 PM
It is very possible from the start when bitcoin was become popular. There are some groups who manipulate bitcoin price as also said "whales" are always their who really into bitcoin. Well if you are in a train you must ride with it and be wise enough to take profit.


Title: Re: Massive bitcoin manipulation possible?
Post by: portotoi on November 16, 2017, 12:09:18 AM
Actually this is the main reason for the growth or fall of the currency.
Yes you are right. Big investors really affects the rate of the bitcoin either up and down!


Title: Re: Massive bitcoin manipulation possible?
Post by: sofi@ on November 16, 2017, 12:56:18 AM
Yes it's possible and I think right now majority of the owners of huge amount of bitcoin are billionaires who manipulate the market fluctuations and I think the developers behind bitcoin are controlled by this owners that's the reason why the value of bitcoin keeps fluctuating, they had greatly affected by the movement of this owners.


Title: Re: Massive bitcoin manipulation possible?
Post by: richardsNY on November 16, 2017, 12:56:33 AM
You never know those addresses on blockchain who holds a lot of Bitcoin those are Whales except on exchanges.

Actually, you can see each and every address, as long as it is containing a balance. Just Google Bitcoin rich list and you'll see various sites pop up that show you the top addresses based on how many coins they hold. However, it's only not possible to link these addresses to individuals, unless it's publicly known that x person owns y address. On top of that, most of the larger holders tend to use plenty of addresses for various reasons, so it makes address to individual linking even harder than it already was. Most of the top addresses in these lists are exchanges and in some cases miners, casinos, etc.


Title: Re: Massive bitcoin manipulation possible?
Post by: Siopao on November 16, 2017, 02:04:28 PM
I think those who invests big amunt in bitcoin (whales) really can manipulate the bitcoin movement. And I think it is what' s happening recently with the sudden dip of btc value. They are doing that to have bigger income and hold the market so they can dictate the value of btc, maybe they are doing this for their sake but they won't do anything to let btc down. Those price fluctuation wil still put btc at #1 spot in crypto world.


Title: Re: Massive bitcoin manipulation possible?
Post by: Hamstead on November 16, 2017, 11:57:57 PM
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 ???
Though they are considered as powerful person, but I don't think they can manipulate bitcoin price in the market. Bitcoin is decentralized, it means that nobody would take control on this even though they owned a lot of bitcoins. Because the big factors that would affects it's flow in the market is the participation of the community. But we can't deny that with their big contribution to crypto, it helps to boost bitcoin's market and be mostly known around the world.


Title: Re: Massive bitcoin manipulation possible?
Post by: ImHash on November 17, 2017, 07:41:26 AM
When ever someone talks about manipulations by governments or whales, I'll start sending them to a few exchanges to stay for a few hours and see what a real manipulation looks like :D You have no idea what is easily manipulated and what is not, No bitcoin is not, try to buy 90% of the total supply for manipulation to be enabled.


Title: Re: Massive bitcoin manipulation possible?
Post by: eaglewhite80 on November 17, 2017, 08:01:45 AM
It is very possible from the start when bitcoin was become popular. There are some groups who manipulate bitcoin price as also said "whales" are always their who really into bitcoin. Well if you are in a train you must ride with it and be wise enough to take profit.
That is just a plain truth! These whales have all the resources and a whole lot to be able to manipulate the market a little bit but I would not call it a massive manipulation. They are traders just like you and me, but the only difference is that they have so much to put at once but they are always careful too. That is the reason some of them make use of media to see how they can shake off the weak hands to make a lot of profits from them and they sure really do.


Title: Re: Massive bitcoin manipulation possible?
Post by: Dodoymabs on November 17, 2017, 08:14:15 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 ???
Not only during the early days, but also today some are accused of attempting to manipulate bitcoin price. One must own tens of thousands of bitcoins to be able to move the market. Roger Ver is a prominent example of someone who could manipulate bitcoin’s price. Roger is rumored to own around 300,000 bitcoins.


Title: Re: Massive bitcoin manipulation possible?
Post by: carlisle1 on November 17, 2017, 08:19:19 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


Title: Re: Massive bitcoin manipulation possible?
Post by: Kingofbitcoin12345 on November 17, 2017, 08:29:30 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 ???

The bitcoin community is considered as uncontrollable individuals,, if those billionaires that your talking about exist in this investment and that would be a gruoup they can’t and will never ever manipulate the bitcoin prices by they’re own.. Because them alone won’t make a big difference that’s why most of this group (pump group) gather many investors and make groups,, sub-groups to spread good news or bad news about bitcoin depend on what they want to do with the price..(if only they want to do it)


Title: Re: Massive bitcoin manipulation possible?
Post by: lamadu3 on November 17, 2017, 10:47:15 AM
Certainly, it is possible. The other day we could all watch the situation, when Bitcoin Cash suddenly jumped so high, that a part of Bitcoin holders rushed to sell their cryptocurrency. Many minor BTC transactions also did not let making large operations with this currency - each transaction lasted long. Similar manipulations with BTC might happen in future.


Title: Re: Massive bitcoin manipulation possible?
Post by: ladydark on November 17, 2017, 11:20:42 AM
I think that they could not directly manipulate bitcoin price by just dumping bitcoins in huge volumes.But by simultaneously spreading FUD and dumping bitcoins,they could manipulate to some extent.if not,the dumped bitcoins would be immediately bought by users all over the world as there is huge buy wall.So,FUD and dump could do the job.


Title: Re: Massive bitcoin manipulation possible?
Post by: Theb on November 17, 2017, 11:26:12 AM
Actually it is happening right now even if their is no groups of billionaires involves, and a highly doubt their is one as billionaires don't go to well together. Even individuals who have a respective sum with the same mindset about buying or selling can create a price action because it creates a ripple effect on the market, it reflects to other people that they need to buy or sell in order to catch up to the first movers. Massive manipulations are happening even without billionaires playing it.


Title: Re: Massive bitcoin manipulation possible?
Post by: margarete11 on November 17, 2017, 11:34:15 AM
I think that they could not directly manipulate bitcoin price by just dumping bitcoins in huge volumes.But by simultaneously spreading FUD and dumping bitcoins,they could manipulate to some extent.if not,the dumped bitcoins would be immediately bought by users all over the world as there is huge buy wall.So,FUD and dump could do the job.
I agree FUD has been spreading all over this forum and the internet ! I bellieve they do it  just to bought a bitcoin for a cheap price they take advantage on investors emotion to gain a profit for themselves ! this kind of manipulation is very well known and investors should be aware of it to prevent panic selling


Title: Re: Massive bitcoin manipulation possible?
Post by: Diablesfunis on November 17, 2017, 11:39:25 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 ???
Of course they can, they only need someone famous in finance or investment to say bitcoin is fraud to make the most of price crash, what makes me more amazed is the fud is effective everytime it happens. After they got the cheap coin they will push the price back to normal.


Title: Re: Massive bitcoin manipulation possible?
Post by: ecnalubma on November 17, 2017, 11:56:14 AM
Undeniably yes, bitcoin and other cryptocurrencies involves price manipulation. Its not different from traditional stock exchange, billionairs owns almost everything talking about large percentage of commodities, you name it they have it.


Title: Re: Massive bitcoin manipulation possible?
Post by: LogitechMouse on November 17, 2017, 12:21:05 PM
Yes its possible if the most richest people in the world cooperate with each other and do the bitcoin manipulation. See the sudden increase of bitcoin cash in the past days. Its because some people manipulated it and do a huge pump and dump then after few hours I think of that, it decreases its price immediately.


Title: Re: Massive bitcoin manipulation possible?
Post by: jaysabi on November 17, 2017, 12:21:24 PM
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 ???

Possible, but likely is another question. One thing for sure is we've likely seen large attempts to manipulate the market already. The spam attacks that clog the Bitcoin network are clear attempts at manipulation. The current spam attack seems to be tapering off, but unconfirmed transactions reached at least 180,000 during the height, which coincided with Butcoin's fall to $5000 and BCH's flash high to $2800. It's speculation, but I would say that was an objective of the spam attack to profit in BCH.


Title: Re: Massive bitcoin manipulation possible?
Post by: vv181 on November 17, 2017, 12:31:25 PM
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.


Title: Re: Massive bitcoin manipulation possible?
Post by: jekjekman on November 17, 2017, 12:40:03 PM
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 ???

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.



Title: Re: Massive bitcoin manipulation possible?
Post by: strocifer on November 17, 2017, 12:51:45 PM
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!


Title: Re: Massive bitcoin manipulation possible?
Post by: R_Block on November 17, 2017, 01:08:00 PM
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.


Title: Re: Massive bitcoin manipulation possible?
Post by: Sled on November 17, 2017, 01:54:56 PM
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.


Title: Re: Massive bitcoin manipulation possible?
Post by: MakeMoneyBtc on November 17, 2017, 02:05:19 PM
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 ???
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


Title: Re: Massive bitcoin manipulation possible?
Post by: Freddyclose on November 17, 2017, 02:21:02 PM
the bitcoin is already manipulate, as most of the alts on the side


Title: Re: Massive bitcoin manipulation possible?
Post by: panganib999 on November 17, 2017, 02:22:45 PM
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.


Title: Re: Massive bitcoin manipulation possible?
Post by: Yamifoud on November 17, 2017, 02:34:43 PM
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 ???
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.


Title: Re: Massive bitcoin manipulation possible?
Post by: appleffi on November 17, 2017, 02:53:25 PM
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 ???

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.


Title: Re: Massive bitcoin manipulation possible?
Post by: cryptojac17 on November 17, 2017, 03:10:28 PM
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 ???
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.   


Title: Re: Massive bitcoin manipulation possible?
Post by: bitcoinvamp on November 17, 2017, 03:12:42 PM
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 ???
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.


Title: Re: Massive bitcoin manipulation possible?
Post by: Ctn on November 17, 2017, 03:13:09 PM


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.


Title: Re: Massive bitcoin manipulation possible?
Post by: bakunawaaa on November 17, 2017, 03:25:43 PM
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.  


Title: Re: Massive bitcoin manipulation possible?
Post by: z38630610 on November 17, 2017, 03:40:40 PM
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 ???

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.


Title: Re: Massive bitcoin manipulation possible?
Post by: sukamasoto on November 17, 2017, 04:06:16 PM
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 !


Title: Re: Massive bitcoin manipulation possible?
Post by: beerlover on November 20, 2017, 04:01:18 PM
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.


Title: Re: Massive bitcoin manipulation possible?
Post by: Shenzou on November 20, 2017, 04:48:40 PM
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 ???
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.


Title: Re: Massive bitcoin manipulation possible?
Post by: Zadicar on November 20, 2017, 05:06:05 PM
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 ???
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.


Title: Re: Massive bitcoin manipulation possible?
Post by: AK47- on November 20, 2017, 05:16:55 PM
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.


Title: Re: Massive bitcoin manipulation possible?
Post by: speem28 on November 20, 2017, 05:19:03 PM
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 ???
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.


Title: Re: Massive bitcoin manipulation possible?
Post by: omonuyak on November 20, 2017, 05:26:21 PM
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 ???
It is very possible and is happening every day including today. I will wish bitcoin should be regulated and treat as fiat and by so doing price manipulation will reduce. The big investors and the whales are always pumping and dumping for they favor and many of the amateurs traders do lose because of this.


Title: Re: Massive bitcoin manipulation possible?
Post by: megynacuna on November 20, 2017, 05:27:52 PM
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.

The whales and the like are out there with huge chunks of Bitcoins and they can only cause a stir if they will unite their bitcoins  for the manipulations and such yunity i guess will be difficult at the moment except a  few friends here and there who might decide to do that but their effect wouldn't be felt as it will when a group of companies merge.


Title: Re: Massive bitcoin manipulation possible?
Post by: Aikidoka on November 20, 2017, 08:18:17 PM
I believe everything is studied. The billionaires are in charge of the rise and fall of the bitcoin price. They manipulate its movement with the way they want it to be. If they want it to fall, they will manage to do so and vice versa. I really fear these people. They are in another  different level.

And as a matter of fact, they are not only manipulating bitcoin, but also many other things like politics, advertising, media, the economy, and even people. They are spending billions of money to make things happen. That is why I am not surprised if they are already manipulating bitcoin.


Title: Re: Massive bitcoin manipulation possible?
Post by: robotrobert on November 21, 2017, 11:41:04 AM
i think they can, there 's a possibility that they can manipulate the price of bitcoin, since they have a lot of money they can do anything with the use of money. They can buy lots of bitcoin and this surely affect the markets.
Now bitcoin is the most developed currency in all the digital currencies present in the world now a days. Bitcoin is developing day by day and along with it its price and demand  also increases. It is the most demanded digital currency. Now it falling back is almost impossible due to its much importance and development, a bit up and down can happen in its amount but not a very large decrease in its price.


Title: Re: Massive bitcoin manipulation possible?
Post by: gabmen on November 22, 2017, 02:35:22 PM
i think they can, there 's a possibility that they can manipulate the price of bitcoin, since they have a lot of money they can do anything with the use of money. They can buy lots of bitcoin and this surely affect the markets.
Now bitcoin is the most developed currency in all the digital currencies present in the world now a days. Bitcoin is developing day by day and along with it its price and demand  also increases. It is the most demanded digital currency. Now it falling back is almost impossible due to its much importance and development, a bit up and down can happen in its amount but not a very large decrease in its price.

The market is dictated by how much btc is bought and sold, so obviously, if someone or a group of people hold that much btc, they will be able to move the market. Its even easier if they do this on alts but its being done even on btc


Title: Re: Massive bitcoin manipulation possible?
Post by: el kaka22 on November 22, 2017, 02:35:31 PM
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 ???
I would not call it a massive manipulation anyway, but why do you think we call some people whales ? They have all the resources to pull some small little manipulations off and they are always careful about it too.

They are huge traders and that is how they make their money from market manipulations and controlling of prices. They kind of use it to test the volatility rate of the market sometimes and gain from some weaker hands, but they would not really try dumping when demand is extremely high.


Title: Re: Massive bitcoin manipulation possible?
Post by: strocifer on November 23, 2017, 04:21:10 PM
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 ???
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

They could gather progressively a decent amount of  X bitcoins.
Then they open account to several brokers to trade CFD on bitcoin. They take a short position on these CFDs, and using leverage they can go up to 10 times the X amount of BTC they have.
Then they drop massively the bitcoin they have in their wallet. The BTC crashes, they lose on it but gain 10x more on CFD. Easy.


Title: Re: Massive bitcoin manipulation possible?
Post by: Anochensio on November 23, 2017, 04:27:22 PM
Yes it is possible because people do not know how to get along with it manipulation is easy if you target someone who is not confident and does not have a lot of internet knowledge like old people are the best targets for manipulation.


Title: Re: Massive bitcoin manipulation possible?
Post by: Joon RBlock on December 01, 2017, 02:38:09 PM
Perhaps happening now...


Title: Re: Massive bitcoin manipulation possible?
Post by: Nerman on December 01, 2017, 03:15:27 PM
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 ???

Possible of course yes, this billionaires are really used to controlling everything. They are very influential that surely they can dictate governments  to place regulation for cryptocurrency. For the pump and dump well not all billionaires are into trading but of course they have people that can do it for them.

Billionaires may actually invested now and doing manipulation as we speak.



Title: Re: Massive bitcoin manipulation possible?
Post by: Psynthax on December 01, 2017, 03:31:15 PM
i think they can, there 's a possibility that they can manipulate the price of bitcoin, since they have a lot of money they can do anything with the use of money. They can buy lots of bitcoin and this surely affect the markets.
Now bitcoin is the most developed currency in all the digital currencies present in the world now a days. Bitcoin is developing day by day and along with it its price and demand  also increases. It is the most demanded digital currency. Now it falling back is almost impossible due to its much importance and development, a bit up and down can happen in its amount but not a very large decrease in its price.

The market is dictated by how much btc is bought and sold, so obviously, if someone or a group of people hold that much btc, they will be able to move the market. Its even easier if they do this on alts but it's being done even on btc
Just like what already did by the chinese exchange sites before the PBOC audit. The exchange sites are trying to offer no fees for every bitcoin trade in there. that gives a lot of the possibility for these people to manipulate the bitcoin. The crypto billions can turn the market into the panic just in short time.


Title: Re: Massive bitcoin manipulation possible?
Post by: martina14 on December 01, 2017, 03:43:28 PM
It isnpossible... But its hard to make bitcoin dump .. Though the pump are all well known... When bitcoin dump the price well so many people are starting to buy bitcoins as they are expecting pump soon... This lead to more demand than supply... And will cause a big pump


Title: Re: Massive bitcoin manipulation possible?
Post by: WinTokens on December 01, 2017, 04:34:17 PM
Of course it is possible. But is it practical? No! Unless you have concrete evidence, it's best not to speculate on stuff like this. You just go down a rabbit hole.


Title: Re: Massive bitcoin manipulation possible?
Post by: anhhung409 on December 01, 2017, 04:44:42 PM
There is always an organization or individual who manipulates the Bitcoin market to pump or to make a profit. In addition to pumping and pouring, they also generate rumors or events related to Bitcoin that affect its value. That is inevitable, however, they always make Bitcoin more and more development so that they can make more and more profits from it.


Title: Re: Massive bitcoin manipulation possible?
Post by: Ctn on December 01, 2017, 05:30:13 PM


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 ???



Did you see the BCH pump last month bro? Thats what can be done with any coin as long as it is decentralised and over the blockchain.


Well, umm, I think bitcoin is passing the test, its decentralised and also present over the blockchain. So yeah most probably we can manipulate it in the first glance and yeah only a billionaire can do that because the price that bitcoin is having today is huge. Its not about the price really but the market capitalism which it holds. So to move the price up and down we will need huge investment into it with which market cap can be moved around. I think if they were able to move the BCH all upto 2-3K range then I'm sure bitcoin is no different case.



Title: Re: Massive bitcoin manipulation possible?
Post by: randal9 on December 03, 2017, 08:25:59 PM
There is always an organization or individual who manipulates the Bitcoin market to pump or to make a profit. In addition to pumping and pouring, they also generate rumors or events related to Bitcoin that affect its value. That is inevitable, however, they always make Bitcoin more and more development so that they can make more and more profits from it.
I completely agree...this stage in the life of bitcoin, that it continues to unwind now...so all manipulations will go in this direction...and we do not know those who do this and will never know, because they are in the shade and don't show themselves


Title: Re: Massive bitcoin manipulation possible?
Post by: deadthings on December 03, 2017, 08:41:32 PM
It is possible, cause it is like one milion bitcoin untouched since begginig of bitcoin, probably they are just own by the founder but nowadays we can't just find out this.


Title: Re: Massive bitcoin manipulation possible?
Post by: mega on December 03, 2017, 10:36:53 PM
Bitcoin manipulation is possible and currently it is effected even majority of people are unaware about it.A group of investors take and inject investment to fluctuate the prices of Bitcoin for own purpose,rest factors also involved like,government policies,demand of new investors and hacking.


Title: Re: Massive bitcoin manipulation possible?
Post by: BeGoods on December 03, 2017, 10:45:09 PM
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 ???
It is very possible and is happening every day including today. I will wish bitcoin should be regulated and treat as fiat and by so doing price manipulation will reduce. The big investors and the whales are always pumping and dumping for they favor and many of the amateurs traders do lose because of this.
I think seeing the current marketcap is bigger then the possibility for them to manipulate the price in the market will be more difficult. because they certainly need a very large capital / bankroll and a compact team of course. and certainly the more the future will be more difficult to manipulate bitcoin prices in the market. so be calm down dude


Title: Re: Massive bitcoin manipulation possible?
Post by: zoran.drobnjak on December 04, 2017, 06:15:22 AM
There is a way for Tech. based manipulation as well.
Explained thoroughly in below link.

https://www.youtube.com/watch?v=UxyGt58EPa4