Anddos
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January 30, 2016, 12:57:23 AM |
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What qualifies as manipulated and what qualifies as 'free market'? Or are they the same thing? I think we are at the mercy of a small number of people but that's the same as a ton of other markets too.
Exactly - in a way BTC is a replica of the real world; I've read here somewhere that something like the wealth of the first 60 richest people in the world is equal to the rest of the money held by all other people in the world. Makes you think.
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abs350 (OP)
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January 30, 2016, 01:06:03 AM |
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What qualifies as manipulated and what qualifies as 'free market'? Or are they the same thing? I think we are at the mercy of a small number of people but that's the same as a ton of other markets too.
Exactly - in a way BTC is a replica of the real world; I've read here somewhere that something like the wealth of the first 60 richest people in the world is equal to the rest of the money held by all other people in the world. Makes you think. Yes indeed. That is the extent of the manipulation in the world. BTC is just a part of it.
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kyrios_
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January 30, 2016, 01:36:34 AM |
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Manipulated, are you reffering to the price of bitcoin or the usage?
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Pro Gamers
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January 30, 2016, 02:02:34 AM |
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Manipulated, are you reffering to the price of bitcoin or the usage?
The price for sure due to up and down changes recently and was happened too fast
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MedaR
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January 30, 2016, 07:58:35 AM |
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Problem in manipulation are those stupid journalist that can trigger crash with negativity in their columns. And every crash follows again fast pump. Average person who don't like to trade also don't like volatility of btc. This cousing slowering adopion.. https://btcvol.info
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arbitrage
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January 30, 2016, 10:43:51 AM |
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Of course we all just love this kind of manipulations.. If all this madness stops we will use bitcoin like money but never more like investment.. But when will stop? I think never. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Herbert2020
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January 30, 2016, 11:12:53 AM |
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Of course we all just love this kind of manipulations.. If all this madness stops we will use bitcoin like money but never more like investment.. But when will stop? I think never. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) of course we all love the manipulations as long as we are on the winning side and not watching our investment go cheaper and cheaper. you would curse manipulators if you lose a cent, just look at altcoin section and you'll see. also about the stop part, i gotta say i believe that it is going to get better eventually and the huge rise/falls are going to become small changes in the market.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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OnTheMF
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January 30, 2016, 11:43:54 AM |
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What qualifies as manipulated and what qualifies as 'free market'? Or are they the same thing? I think we are at the mercy of a small number of people but that's the same as a ton of other markets too.
Exactly - in a way BTC is a replica of the real world; I've read here somewhere that something like the wealth of the first 60 richest people in the world is equal to the rest of the money held by all other people in the world. Makes you think. Yes indeed. That is the extent of the manipulation in the world. BTC is just a part of it. Bitcoins is a manipulated coin and people are doing business from the same theory. Wherever there is a gain we must adopt it, no need to think about too much. If its giving benefits then we must say its a real money for us.
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Cs87kxy
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January 30, 2016, 11:48:13 AM |
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Vote guys ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) price could be manipulated but bitcoin itself I have a strong doubt about it... even the "code" is free and every one could "manipulate"... every one means = no one ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Snorek
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January 30, 2016, 12:01:11 PM |
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What do you mean by being manipulated? There is no way that any economic asset is NOT being manipulated in this day and age. Every currency is manipulated whether you are talking about FIAT money or cryptocurrency. With FIAT government and central bank are controlling money by quantitative easing. And in crypto world we have whales who own huge percent of bitcoin and therefore can effectively manipulate its price.
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Anddos
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January 30, 2016, 10:15:21 PM |
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I personally am curious what will happen when mining will stop. Then the real war and manipulation will begin.
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mayax
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January 31, 2016, 03:29:18 AM |
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... 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 ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) 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? Gemini, Coinbase, Circle and Itbit were regulated last year. I think they are the only regulated exchangers. How do the BTC users have funded their accounts until then? By using UNregulated exchangers. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Also, so called big exchangers like BTC China, Okcoin, Huobi, Bitstamp, Btc-e are NOT license so are not regulated. Do you know where is BTC-e office? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) More than 90% from BTC market is not "regulated". IF the most exchangers will have financial license, BTC value will drop to almost zero because the black market(more than 85% from BTC) is not interested to share personal information and they will migrate to other e-currency like they did it in the recent past from Liberty Reserve or from E-gold
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TastyChillySauce00
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January 31, 2016, 03:36:09 AM |
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Manipulated, are you reffering to the price of bitcoin or the usage?
The price for sure due to up and down changes recently and was happened too fast this probably because some of trader do make a group or association to pump or dump btc prices, its just my opinion, and i feel it like conspiracy
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CuntChocula
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January 31, 2016, 04:31:29 AM |
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... 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? Gemini, Coinbase, Circle and Itbit were regulated last year. I think they are the only regulated exchangers. How do the BTC users have funded their accounts until then? By using UNregulated exchangers. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Also, so called big exchangers like BTC China, Okcoin, Huobi, Bitstamp, Btc-e are NOT license so are not regulated. Do you know where is BTC-e office? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) More than 90% from BTC market is not "regulated". IF the most exchangers will have financial license, BTC value will drop to almost zero because the black market(more than 85% from BTC) is not interested to share personal information and they will migrate to other e-currency like they did it in the recent past from Liberty Reserve or from E-gold 1. Guy complains that "lack of faith in [exchanges] makes it very hard to go long on bitcoin." 2. I suggest Gemini, which is regulated and backed up the wazoo, to calm his fears. 3. You chime in, suggesting that bitcoin traders are money launderers don't wanna be linked to the overpriced drugs/child porn they buy with bitcoins rather privacy conscious. 4. I respond by subtly hinting that bank-like trustworthiness is exceedingly rare in institutions breaking KYC/AML laws. 5. And here ya are, and it's a beautiful day. Well. I just don't understand it.
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pooya87
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January 31, 2016, 05:14:39 AM |
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Manipulated, are you reffering to the price of bitcoin or the usage?
The price for sure due to up and down changes recently and was happened too fast this probably because some of trader do make a group or association to pump or dump btc prices, its just my opinion, and i feel it like conspiracy there are other factors involving in it too. for example the bad news that is being spread sometimes through different websites that creates a chain reaction of panic sells or panic buys which both can drive the market in different directions.
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OnTheMF
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January 31, 2016, 05:20:26 AM |
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I personally am curious what will happen when mining will stop. Then the real war and manipulation will begin.
Bitcoins is a manipulated coin same like some how other currencies. if we believe that this is a real currency then I am hundred percent sure that one day people will try to buy and sell everything with bitcoins only.
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Anddos
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January 31, 2016, 01:19:26 PM |
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I personally am curious what will happen when mining will stop. Then the real war and manipulation will begin.
Bitcoins is a manipulated coin same like some how other currencies. if we believe that this is a real currency then I am hundred percent sure that one day people will try to buy and sell everything with bitcoins only. Agreed. And you don't have to believe. It is money. I've bought things with bitcoin. There are actual e-stores that sell for bitcoin. If it's not real money than what are we all doing here? Playing?
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RealBitcoin
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January 31, 2016, 03:36:28 PM |
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Considering the DDOS-es and the number of sockpuppet accounts around here, hell yeah its manipulated.
But it gets harder and harder, so the free market will prevail!
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takingthis4
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January 31, 2016, 05:33:23 PM |
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it is a little bit manipulated as people can move the bitcoin price if they have a lot of money for that
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Coaxme
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January 31, 2016, 05:37:19 PM |
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Yes Bitcoin is Manipulated coin, like what all said, the coin in the market is less so if any big players suddenly start a atleast 25% share of market for buying we can see the price roaring up very soon and same time if anyone just dump sell the bitcoin in market rate their we can see the panic selling, so when anything is happening like this that means it is manipulated coin. and Most of the Crypto coins are priced in conversion of Bitcoins so they are also getting affected by the fluctuation of Bitcoins.
I agree to your opinion, but it is not manipulated IMO.
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