Bitcoin is a manipulated coin?

[ikydesu]

Why do you say manipulation? bitcoin is indeed a coin, right?

You right, bitcoin is coin, it's means digital currency. But what OP means is the price and I think it's indeed manipulated, there are some group of whales who have greedy passion. And the price is will not stable as other currency always volatile if there are big news about bitcoin.

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[CuntChocula]

Vote guys  

It's manipulated, yes. But how deep do the strings of control and manipulation stretch? Do they reach all the way into Bitcoin's core?

Let's see how well this new BIP102 is received and we'll have our answer!

~~

If the manipulation reached the core, we would see much more deeper pump&dump movements. It's possible to manipulate it, sure. But this manipulation, because the market size is already bit, is not that powerful.

Exactly. So much fear-mongering. I ask you my friends, what is market manipulation if not the glorious workings of the Invisible Hand?

[Quantus]

Liquidity on all the exchanges is paper thin, the reason its paper thin is because no one trusts the exchanges enough to keep large sums of cash/bitcoin on them for very long. If you want stability you need long standing buy and sell orders on both sides of the moving price but all we appear to have is day traders. The lack of faith in these companies makes it very hard to go long on bitcoin.  But is the price being manipulated? Well I would say yes, of course it is, it should be obvious, for instance every time the FBI was about to sell a large sum of seized Bitcoins from the Silk_Road the price would jump up right before the sell then fall back down again after. This happened three times that I'm aware of. Now if someone was about to flood the market with a shitload of bitcoin the price should fall but it went up all three times.

[CuntChocula]

... The lack of faith in these companies makes it very hard to go long on bitcoin.  ...

There's Gemini -- fully regulated, US-based & backed by big bux

[mayax]

... The lack of faith in these companies makes it very hard to go long on bitcoin.  ...

There's Gemini -- fully regulated, US-based & backed by big bux

regulation brings a lot of things like strong AML, verifications, etc. The most Bitcoin traders prefers to stay away of this thing.

Also, Gemini is used by americans only.

[erikalui]

Exchange websites determine the price of bitcoins but rarely do they have significant changes unless there is some speculation related to bitcoins. Bitcoins are definitely manipulated but same is the case with forex and stock market as well where the demand and supply decides the price of shares.

[maokoto]

Vote guys  

It's manipulated, yes. But how deep do the strings of control and manipulation stretch? Do they reach all the way into Bitcoin's core?

Let's see how well this new BIP102 is received and we'll have our answer!

~~

Agree. I think it is manipulable. Just see how the opinion of one rather important person can affect the price. However it is not completely manipulated and more users would likely mean harder to manipulate.

[johnyj]

Similar to the way that central banks manipulate the exchange rate of their currency

[davinchi]

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.

Just as what happened with Gemini exchange? It happens so many times on these exchange websites when users open "buy" orders with a higher price and that results in the exchanges setting the bitcoin price higher.
However, this manipulation does help the prices to change atleast else the price would be stable.

[greBit]

... The lack of faith in these companies makes it very hard to go long on bitcoin.  ...

There's Gemini -- fully regulated, US-based & backed by big bux

regulation brings a lot of things like strong AML, verifications, etc. The most Bitcoin traders prefers to stay away of this thing.

Also, Gemini is used by americans only.

That's the fact because regulation is important for everyone because its the set of algorithms which is created to keep us secure.

[CuntChocula]

... The lack of faith in these companies makes it very hard to go long on bitcoin.  ...

There's Gemini -- fully regulated, US-based & backed by big bux

regulation brings a lot of things like strong AML, verifications, etc. The most Bitcoin traders prefers to stay away of this thing.

Also, Gemini is used by americans only.

So... You would like an unregulated, implicitly criminal exchange (because AML laws, as a minimum would have to be based in some Somalisan), which doesn't verify users, that you can trust?

[thejaytiesto]

Manipulated is a very broad term. Of course the popular opinion gets very manipulated, just look at the bunch of clueless people being guided as sheep with the promise of a bigger block size with no tradeoffs. This is laughable. Im just hoping the hard fork doesn't happen because that would be a disaster.

[jugador]

Of course it's manipulated!! If fiat financial markets are already subjected to many kinds of frauds (being regulated by FED and similar institutions), a decentralized market with so many powerful players is a sweet playground for manipulators and pump&dump agents.

[Patatas]

Could not understand the question correctly .Manipulation on whose end? Core Developers? End Users ? Major Exchanges ? I feel no,it can't be manipulative since its pretty much transparent with the latest updates to the end users.Though I'm not sure about the High end investors.

[BruceLee007]

in my opinion it might be manipulated a little bit as people can move the price by putting a lot of funds in it though it can not be manipulated too much as they would need a lot of money

[Karartma1]

I think BTC's just a poor boy, nobody loves him. It's just a poor boy from a poor family, spare its life from this monstrosity.

And, it's largely manipulated.

[virtualdn]

Manipulated or not, this is not what matters about Bitcoin. It's about the novelty, the technology and the world that it will change...

[chennan]

OP, this is a stupid poll.  You need to define what manipulated means, because your mileage may vary.  Can whales change the price of bitcoin somewhat at whim?  Yes, because the market cap is small relative to the stock of Pfizer or Coca-Cola, for example.  Every buy/sell order manipulates the market to some extent. 

Do you mean by governments or something like that or the miners?  What do you mean?

We need to get back to this point.  OP, you need to define what you are talking about, because if not this is going to be a continuous thread about complete nonsensical debating.

Is Bitcoin's price being manipulated?: Obviously.  There are people who do this stuff for a living.  They were very early adopters who got Bitcoins for peanuts.  They wait until the bitcoin's prices stagnate for a good little while and then dump a good amount of coins, which causes panic selling, then they buy back at a cheaper price and pocket the profits.  This is a widely known thing.

Are bitcoin miners manipulating things?:  This is a more interesting debate, tbh.  There are some good arguments being made that they are, and the big time mining farm operations are starting to run their organizations like a government, or maybe more accurate, like a union would.  They debate about what the block sizes, fees, and that sort of  thing... and threaten if they don't get their way, they will "protest" and stop their mining, which leaves the blockchain vulnerable and less secure.

But until then, I'm not voting on such a thing because I don't know what I'm voting for.

[GetClams.com]

Every currency, fiat or crypto and every commodity is manipulated to one degree or another.

The us government even has a special organization to manipulate fiat. its called the CENTRAL BANK.

Decentralization is relative. More decentralization = less manipulation.

[Amph]

Similar to the way that central banks manipulate the exchange rate of their currency

yeah but one encourage inflation the other deflation, so the manipulation of bitcoin, is actually benefical in some way, the one from the market is essentially scamming