Bitcoxn (OP)
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June 08, 2015, 11:48:00 AM |
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Hello,
How much btc do you think you need before you can move the price on a exchange?
Also is manipulation legal at bitcoin exchanger?
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RappelzReborn
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June 08, 2015, 11:51:56 AM |
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Hello,
How much btc do you think you need before you can move the price on a exchange?
Also is manipulation legal at bitcoin exchanger?
I'am pretty sure that normal people like us can't change the price that much or at all . Only exchanges do that as far as I know . Or you can do that if you have a mining farm obviously after earning hundreds/thousands of Bitcoins . |
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waterpile
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June 08, 2015, 11:57:56 AM |
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Hello,
How much btc do you think you need before you can move the price on a exchange?
Also is manipulation legal at bitcoin exchanger?
You need a shit ton of dollars to move the price even for a little bit.. As for the price manipulation, I don't even know if its legal/illegal people |
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Bitcoxn (OP)
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June 08, 2015, 12:06:53 PM |
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Will 1000 BTC be enough to move the price?
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RappelzReborn
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June 08, 2015, 12:17:30 PM |
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Will 1000 BTC be enough to move the price?
That's like 226 000$ , It's a huge amount and it may affect on the price but not that much as I said . It's basically big exchanges who can do the real manipulations and price changes |
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Mayer Amschel
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June 08, 2015, 12:18:45 PM |
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10k BTC will be enough for a 10$ change, im sure it will end up in a 20$ change since we all panic either way it goes.
- Mayer Amschel
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Amph
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June 08, 2015, 03:00:09 PM |
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it depends on which side you want to move the price, for moving it down, you will need less then for moving it upward, basically pumping it is far more difficult
usually four zeroes are more than enough to do it in any direction
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Buttknuckle
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★YoBit.Net★ 100+ Coins Exchange & Dice
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June 08, 2015, 06:39:06 PM |
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Just look at the order books. This will give you a really good idea of how much you need to move the price in either direction. But I am guessing that with bitcoin it would take a lot of money to move.
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RodeoX
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The revolution will be monetized!
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June 08, 2015, 06:54:25 PM |
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Also, when attempting to move a market there is a very high chance that it will not work. So perhaps 1000BTC will move it a bit, but you may just be throwing away a quarter of a million dollars.
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JerryCurlzzz
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June 08, 2015, 07:47:07 PM |
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You need incredible amounts of liquidity to move the market. Usually this would be a huge mistake, as moving against the market will surely fail. Remember the 30k bear whale on Stamp? He tried to hold the market down and failed miserably. Smart whales move with the market, not against it.
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okae
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northern exposure
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June 08, 2015, 09:23:42 PM |
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How much btc do you think you need before you can move the price on a exchange?
uff hard to say, because it depends on exchange dailys volume, but you can check it by yourselft, just look at esxchange volumen to see how many you need to change it  Also is manipulation legal at bitcoin exchanger?
the truth is that we dont want laws in BTC world |
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Bitcoxn (OP)
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June 08, 2015, 10:12:39 PM |
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Also is manipulation legal at bitcoin exchanger?
the truth is that we dont want laws in BTC world [/quote] But wont the exchanges, stop this? |
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JerryCurlzzz
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June 08, 2015, 11:44:38 PM |
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But wont the exchanges, stop this?
Why would they? Bitcoin exchanges are barely regulated, and it would take regulators quite a lot of time to built any sort of enforcement effort in relation to an exchange. So at the end of the day, no, exchanges won't do anything to stop would-be "manipulators". |
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ajareselde
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Satoshi is rolling in his grave. #bitcoin
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June 09, 2015, 02:15:10 AM |
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Hello,
How much btc do you think you need before you can move the price on a exchange?
Also is manipulation legal at bitcoin exchanger?
1.Depends on what exchange you are aiming to manipulate, local smaller ones, or major exchanges with high volume, and also; for what time-range you want to move the price.. If you are asking about big exchanges, dont even think about it, even a large amount wouldnt buy you much time, thats why people work in large teams when trying to manipulate on such scale. 2.It's not illegal so far. When real regulation comes to place, it probably will be, but i doubt such thing will happen soon. cheers |
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Dotakels
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June 10, 2015, 07:17:02 AM |
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What ever that price is. But its better to exchange your coins when its price is more than you can get into signature campaign you joined must 5x more than .
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randy8777
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June 10, 2015, 07:46:53 AM |
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some exchanges only need a few hundred coins to move it down. on exchanges like bitfinex you would need thousands of coins to achieve the same.
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Bitcoxn (OP)
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June 10, 2015, 03:01:53 PM |
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Hmm interesting, so lets say 10,000 bitcoin is enough to move to price around 10-20$?
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Amph
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June 10, 2015, 03:31:12 PM |
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Hmm interesting, so lets say 10,000 bitcoin is enough to move to price around 10-20$?
yeah it should be more than enough, what will really trigger it is the panic buy caused by it, not the amount itself, well it's a bit of both, but if you can trigger a cascade, then you're done whales move in group for this reason, it more easy for them to manipulate the market in group without putting too much money |
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Bitcoxn (OP)
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June 10, 2015, 03:46:51 PM |
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Well this whale group are well only hidden or just for the elites people with much money:)?
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sukamasoto
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Black Panther
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June 10, 2015, 03:47:46 PM |
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Hello,
How much btc do you think you need before you can move the price on a exchange?
Also is manipulation legal at bitcoin exchanger?
Just find the exchanger provide a massive trading amount everyday. As I know , the high volume exchanger were poloniex,bittrex, and Bter. About manipulation, that's can't be done with one person. But it can be done with a group of whale trader |
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