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shkiser
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December 05, 2015, 06:37:42 AM |
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I thought bitcoin couldnt be manipulated.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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Amph
Legendary
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Activity: 3206
Merit: 1069
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December 05, 2015, 10:32:52 AM |
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I thought bitcoin couldnt be manipulated.
Why? It's easy to control this market if you are ina group of whales. especially because many exchange have low volume, so if you manipulate those, then other deman/supply in other exchane will follow because they see that in those exchange the price is cheaper |
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ajareselde
Legendary
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Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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December 05, 2015, 11:32:50 AM |
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I thought bitcoin couldnt be manipulated.
Why? It's easy to control this market if you are ina group of whales. especially because many exchange have low volume, so if you manipulate those, then other deman/supply in other exchane will follow because they see that in those exchange the price is cheaper lol this is nonsense. No one cares about price on exchanges with low volume, and influence of such exchanges on overall supply and demand are zero. People are trying to manipulate bitcoin, but rare are the ones that want to destroy it, majority wants to mass up their coins and explore profits in volatility. |
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Amph
Legendary
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Activity: 3206
Merit: 1069
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December 05, 2015, 03:02:43 PM
Last edit: December 06, 2015, 08:45:07 AM by Amph |
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I thought bitcoin couldnt be manipulated.
Why? It's easy to control this market if you are ina group of whales. especially because many exchange have low volume, so if you manipulate those, then other deman/supply in other exchane will follow because they see that in those exchange the price is cheaper lol this is nonsense. No one cares about price on exchanges with low volume, and influence of such exchanges on overall supply and demand are zero. People are trying to manipulate bitcoin, but rare are the ones that want to destroy it, majority wants to mass up their coins and explore profits in volatility. low volume is relatively, low volume in comparison to big volume like those on chinese exchange, if every low volume exchnage begin to trade at a lower price, the chinese will do a dump and start decreasing demand and increase the dumping |
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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December 05, 2015, 07:48:26 PM |
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low volume is relatively, low volume in comparison to big volume like those on chinese exchange, if every low volume exchnage begin to trade at a lower price, the chinese will a dump and start decreasing demand and increase the dumping
Look up the term 'irrelevant'. There are no shortage of completely irrelevant exchanges where the price moves mean nothing beyond their walls. Volume equals credibility. |
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Jiamaf
Newbie
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Activity: 32
Merit: 0
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December 05, 2015, 08:30:33 PM |
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I thought bitcoin couldnt be manipulated.
Why? It's easy to control this market if you are ina group of whales. The market cap of bitcoin is too small. It is easily manipulatable if those whales have $0.5 billion worth of money. |
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BTC_Markets
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December 05, 2015, 08:45:22 PM |
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It's true that the market cap is small and can 'theoretically" be manipulated by large players. But also keep in mind that there is not a "consortium" of manipulators - they don't go out and all agree to set price and dump or pump at specific times - that is just conspiracy theory that market noobs (not just in btc market but any market) like to repeat.
The competition between manipulators (large players or whales) almost certainly assures that one player cannot always win or control where price is going to go. in fact in some cases manipulators or whales may be as clueless as noobs are - I am willing to bet many mutli-millionaire teenage early adopters are now out speculating and trying to grow their stash and don't really know what they're doing.
In any case any manipulation is short-lived e.g. it's very hard for a manipulator to set a month-long trend.
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hunnaryb
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December 06, 2015, 07:28:45 AM |
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You can't kill BTC by dumping it to ridiculously low prices. The price isn't what makes BTC valuable anyway. Unfortunately too many people care only about the price.
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Gatotare
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December 07, 2015, 11:55:18 AM |
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You can't kill BTC by dumping it to ridiculously low prices. The price isn't what makes BTC valuable anyway. Unfortunately too many people care only about the price.
The price is an indication of viability of bitcoin. For the time being, if the price is below $50, it means bitcoin is dying. In 10 years, if the price is below $5000, it means bitcoin is dying. |
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