Bitcoin is a manipulated coin?

[swogerino]

it definitely is manipulated.

All it takes is a few guy who own a ton of it to sell / buy more at the same time
for it to move a bunch. Then people get spooked and it causes panic selling by others.

Whales can absolutely control the price of bitcoins, and then with a forced change, they can start to gain a huge profit themselves. The rich get richer, but the rest have to anticipate what the hell is happening.

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[busybee7]

no it is not, governments can not change it price and no one can actually do that so it is not manipulated

[MrGodMan]

it is a little bit manipulated as people can move the bitcoin price if they have a lot of money for that

Its true that bitcoin is some how a manipulated coin because the rate of bitcoins is always getting affected.

[busybee7]

yes it is actually manipulated, and thats not a good thing, in my opinion people who have a lot of money can have impact

[owm123]

off course it ease.

Its market cap is still relatvely small, so few whales can manipulate its price.

Most bitcoin trading is done on chinese exchanges, so its price is controlled by chinese whales and exchanges.

Most mining power comes from china, so they control which transactions to confirm, what fees are too low and which are good enough. Because of that, they also have major say whether we will have 1MB blocks, 2MB blocks or anything else.

Bitcoin core development is controlled by a company called Blockstream. So they develop core in a why its best for them, not necessarily bitcoin community. 

[BitHodler]

it is a little bit manipulated as people can move the bitcoin price if they have a lot of money for that

Lol. It is either manipulated or it is not, there is no mid way here.

[lostintranslation]

Manipulation in any kind of currency (fiat or crypto) is an undeniable reality, and proportional to the centralization of such currency in the hands of few groups.

[jerowacik]

Manipulation in any kind of currency (fiat or crypto) is an undeniable reality, and proportional to the centralization of such currency in the hands of few groups.

yes true. each group and even each person is actually able to manipulate. moreover they are supported as those that influence every decision.

[Hugroll]

Vote guys 

i think it is manipulated because a millionaire can come in and easily raise the price by buying a ton of coins. although they might end up losing money, which is why i guess people dont do this already.

[knowhow]

Unfortunatelly I'll have to agree. Yes Bitcoin is a manipulated coin. it is manipulated by a small group of Devs and a small group of traders.
Bitcoin is becoming centralized and we will need a new coin that can be truly decentralized.

I've been actually reading some stuff on the altcoin section where there is a coin (aeon) who's core dev (Smooth) is implementing a type of "ASIC resistant" mining technique that lowers the possibility of centralization... It's called "smart mining" and it allows any type of low powered computer, whether it's a laptop or even possibly a phone can start mining and only is "turned on" when connected to a power source.  But essentially it lowers the hash to such a level that's automatically determined to not burn up/ruin the computer your running the smart mining OS on, or won't drain an insane amount of electricity/energy.

This will allow anyone to be able to start mining, whether it will get you anything out of it or not.  I really haven't looked more into it, but it sounds like a really cool idea to me; because the level of centralization and barrier to enter the mining space is a real problem that should be addressed by bitcoin devs.

Well im curious about those new coin aeon and the concept looks to be fair to all with or without a machine worthing 5000dollars or above,but i really believe that we need just a coin that all can have lets say 500 coins and then those coin will be staked daily or yearly with a max number of coins,there already coins working similiar but they give advantage to big holders soo they kill the currency easy.

[chennan]

Unfortunatelly I'll have to agree. Yes Bitcoin is a manipulated coin. it is manipulated by a small group of Devs and a small group of traders.
Bitcoin is becoming centralized and we will need a new coin that can be truly decentralized.

I've been actually reading some stuff on the altcoin section where there is a coin (aeon) who's core dev (Smooth) is implementing a type of "ASIC resistant" mining technique that lowers the possibility of centralization... It's called "smart mining" and it allows any type of low powered computer, whether it's a laptop or even possibly a phone can start mining and only is "turned on" when connected to a power source.  But essentially it lowers the hash to such a level that's automatically determined to not burn up/ruin the computer your running the smart mining OS on, or won't drain an insane amount of electricity/energy.

This will allow anyone to be able to start mining, whether it will get you anything out of it or not.  I really haven't looked more into it, but it sounds like a really cool idea to me; because the level of centralization and barrier to enter the mining space is a real problem that should be addressed by bitcoin devs.

Well im curious about those new coin aeon and the concept looks to be fair to all with or without a machine worthing 5000dollars or above,but i really believe that we need just a coin that all can have lets say 500 coins and then those coin will be staked daily or yearly with a max number of coins,there already coins working similiar but they give advantage to big holders soo they kill the currency easy.

Yeah, PoS just doesn't work and is completely bullshit in my mind... It's just a smart way of reorganizing the way the blockchains can confirm in a way, where in all reality is just a ponzi scheme hidden within the code.  It's just not a comprehensible form of confirming transactions and not as thoroughly researched as PoW is.  No body should be "entitled" to X amount of coins, because where would the actual value come from?  Just from holding a coin, which in turn gives no purpose of actually spending the coin itself, so all there will be is empty block upon empty block?  It just doesn't really make sense to me at all.

[birdmeko]

im agree if btc is manipulated

[knowhow]

Well all crypto coins are manipulated ,whales always will pump a coin on a week and then left it,these happend to bitcoin this year already they joined and made bitcoin reach almost 500 dollars ,all of those were based into the halving that is very near.

[mayax]

Well all crypto coins are manipulated ,whales always will pump a coin on a week and then left it,these happend to bitcoin this year already they joined and made bitcoin reach almost 500 dollars ,all of those were based into the halving that is very near.

what whales? )

the "whales" are the exchangers and their investors who control the whole BTC market. The exchangers are running bots and they can rise or drop the BTC price how they want. MT Gox did the same and there proofs that others do the same.

[randchingo]

Nope I don't think so, it's affected alright but by the majority buying or selling so it is controlled by the majority of people opinion...

[mayax]

Nope I don't think so, it's affected alright but by the majority buying or selling so it is controlled by the majority of people opinion...

please try to search more about that. "Bitcoin manipulated price" MTgox price manipulated. OKcoin fake volumes... and so on

[elizabethqueen]

i vote NO,bitcoin not created for manipulation,and even some people or few grup try to manipulate it,i think its can be specified that bitcoin is manipulated coin,i believe bitcoin create for future payment and alternative currency.

[Amph]

Well all crypto coins are manipulated ,whales always will pump a coin on a week and then left it,these happend to bitcoin this year already they joined and made bitcoin reach almost 500 dollars ,all of those were based into the halving that is very near.

what whales? )

the "whales" are the exchangers and their investors who control the whole BTC market. The exchangers are running bots and they can rise or drop the BTC price how they want. MT Gox did the same and there proofs that others do the same.

miners are whales, they have accumulated at least 100k coins in all those year, and everyone with that amount is a whale

also early adopters are not out of the game yet, i'm sure there is still someone with plenty of coin, 50+ or 100k+

[kartaggen]

i vote NO,bitcoin not created for manipulation,and even some people or few grup try to manipulate it,i think its can be specified that bitcoin is manipulated coin,i believe bitcoin create for future payment and alternative currency.

Exactly, bitcoin is not a manipulated coin but it is getting manipulated by few bunch of people around us, whether it is press, media or may be Government, they are manipulation bitcoin as they view bitcoin as a threat to their system.

[BellaBitBit]

I vote yes because many things can manipulate the price.  Most things being traded are manipulated to a certain degree as is wallstreet.