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Author Topic: Can we Manipulate Bitcoin price?  (Read 72992 times)
Milkduds
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October 26, 2016, 07:40:39 PM
 #601

The vast number needed to equal some whales would be a big issue and it would be very hard to implement without some kind of automated system. Just time zone alone would create a issue for us to set these walls up.
The more people you need the more the potential for hiccups and going against a much smaller unit,brings way to many issues where we could get hosed.

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October 27, 2016, 04:11:43 AM
 #602

I am sure that we can not manipulate the price of Bitcoin. Or you need to own a very large amount of Bitcoins to set the price for it

Of course we can't manipulate bitcoin's price but we can do something to change it by its demand but still that it not going to be a big change.

But the only few big traders or hoarders of bitcoin are the ones who has the most power to control and manipulate the price of bitcoin.

And I like how they are manipulating bitcoin's price now, because it is pumping.

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October 27, 2016, 04:28:24 PM
 #603

I am sure that we can not manipulate the price of Bitcoin. Or you need to own a very large amount of Bitcoins to set the price for it
I guess simply having connections can make a difference. You don't have to own a large amount of bitcoins to make the market move, you just have to find another person that is interested in investing at something new. Connection is really important in rich people because that's what makes their business more known to people. In a way, it can also be used to pump the price of bitcoin. I guess this is only applicable to people who knows someone rich in real life or maybe someone who is very influential in real life.

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October 28, 2016, 12:19:08 AM
 #604

Well whales will always be able to join their power and make price jump, but if the market isnt ready those pump wont last, thats the reality, a milionaire can pump bitcoin, but the risk to those are high, community support will always be in the other side, if they dont accept the new price someone will dump their coins.
I think for the moment where the bitcoin users still quite a bit of billionaire could have manipulated the price of pump prices as they only need to panic buying by raising the price a little, and then the pump will occur. yeah of course the risk is great because it is very likely to fail
You don't need a billionaire to manipulate te Bitcoin price, all you need is maybe a few hundred thousand or million and with good enough bots you'll be able to make a fair amount of change occur, and likely a fair amount of money as well.

Individually, without extreme coordination, it is impossible to manipulate the price. Assuming you're an average person.
I think it would have more capital would be better right? have capital that is too small will certainly harm you if there is a sudden need for funds actually your capital have been exhausted? so I think it needs huge funds to prepare everything needed for manipulation price. so you get multiple benefits



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October 28, 2016, 12:43:17 AM
 #605

Unless you have a large amount of money,
or were able to coordinate a very large amount of people,
it would be hard.
Your competition is the Chinese mining companies and whales who have desires to move the price for their own gains.
Nothing is impossible, but it would certainly take a large amount of planning and dedication.

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October 28, 2016, 01:31:30 AM
 #606

Unless you have a large amount of money,
or were able to coordinate a very large amount of people,
it would be hard.
Your competition is the Chinese mining companies and whales who have desires to move the price for their own gains.
Nothing is impossible, but it would certainly take a large amount of planning and dedication.
That's good only if you are whales and you are holding a big portion of your bitcoin. It is not hard to do that as money is power but as of the current standing of the market, the price is increasing and it will make the manipulation power of the whales to be lessen.


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secone
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October 28, 2016, 02:19:25 AM
 #607

I know there are many big players who manipulate bitcoin price and make huge profits but can we the bitcointalk members also form a cartel and let bitcoin price never fall?is it possible that we manipulate price as I am sure most of bitcoin users visit this forum

the problem is bitcointalk is not a central organization, bitcointalk is only forum, each mmember can make pump analisys and dump analisys, it's diffirent with pump group, he is a real organitazion to make market rise or fail.
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October 28, 2016, 02:23:35 AM
 #608

Not likely with the current market capitalization!! It would absolutely be possible with an altcoin though.

Aka:
*PUMP AND DUMP*

Want to do it solo? Find a shitcoin and buy $500 worth every day for 10-30 days then sell sell sell!
Exactly this happened yesterday with major new project - Iconomi. I was browsing coin markets cap and noticed that Iconomi debuted strong as 10th biggest coin.
Today I checked the market and this coin is already 21th - it was almost 20% price drop in one day.

I just glad that bitcoin market capitalization is so high than small pumping groups can't do much anymore.
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October 28, 2016, 03:07:13 AM
 #609

I know there are many big players who manipulate bitcoin price and make huge profits but can we the bitcointalk members also form a cartel and let bitcoin price never fall?is it possible that we manipulate price as I am sure most of bitcoin users visit this forum

the problem is bitcointalk is not a central organization, bitcointalk is only forum, each mmember can make pump analisys and dump analisys, it's diffirent with pump group, he is a real organitazion to make market rise or fail.
Correct here in bitcointalk.org we only collect the information about bitcoin value, but i do not know if there is pump group or you mean the whales of bitcoin community they are the only organization can do manipulate the value day by day.

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October 28, 2016, 05:03:19 AM
 #610

I know there are many big players who manipulate bitcoin price and make huge profits but can we the bitcointalk members also form a cartel and let bitcoin price never fall?is it possible that we manipulate price as I am sure most of bitcoin users visit this forum

the problem is bitcointalk is not a central organization, bitcointalk is only forum, each mmember can make pump analisys and dump analisys, it's diffirent with pump group, he is a real organitazion to make market rise or fail.
Correct here in bitcointalk.org we only collect the information about bitcoin value, but i do not know if there is pump group or you mean the whales of bitcoin community they are the only organization can do manipulate the value day by day.
If there's a group, I'm sure we are not included or we would not know them, they are a group of rich people or commonly known as whales here. We will only observe on the price as they have the power now, if they will manipulate then we predict what will happen next to make money in trading.

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November 02, 2016, 06:07:36 PM
 #611

I know there are many big players who manipulate bitcoin price and make huge profits but can we the bitcointalk members also form a cartel and let bitcoin price never fall?is it possible that we manipulate price as I am sure most of bitcoin users visit this forum

the problem is bitcointalk is not a central organization, bitcointalk is only forum, each mmember can make pump analisys and dump analisys, it's diffirent with pump group, he is a real organitazion to make market rise or fail.
Correct here in bitcointalk.org we only collect the information about bitcoin value, but i do not know if there is pump group or you mean the whales of bitcoin community they are the only organization can do manipulate the value day by day.
If there's a group, I'm sure we are not included or we would not know them, they are a group of rich people or commonly known as whales here. We will only observe on the price as they have the power now, if they will manipulate then we predict what will happen next to make money in trading.

The bitcoin price can be manipulated like other coins. The ZEC is well manipulated at the moment.

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November 02, 2016, 06:19:24 PM
 #612

I know there are many big players who manipulate bitcoin price and make huge profits but can we the bitcointalk members also form a cartel and let bitcoin price never fall?is it possible that we manipulate price as I am sure most of bitcoin users visit this forum

Not sure if most of BTC users visit this forum really. I know some people who are using Bitcoin on almost daily basis and have no idea about this forum's existence.

But even if we are a community which is large enough to manipulate the price of BTC why would we do that? I can see no point in this action since we are not a closed secret society and anybody from any place in the world can read what's posted here.
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November 02, 2016, 06:29:00 PM
 #613

I know there are many big players who manipulate bitcoin price and make huge profits but can we the bitcointalk members also form a cartel and let bitcoin price never fall?is it possible that we manipulate price as I am sure most of bitcoin users visit this forum

Not sure if most of BTC users visit this forum really. I know some people who are using Bitcoin on almost daily basis and have no idea about this forum's existence.

But even if we are a community which is large enough to manipulate the price of BTC why would we do that? I can see no point in this action since we are not a closed secret society and anybody from any place in the world can read what's posted here.
I think there is a group of people who can manipulate it that we can call are whales .. they are always planning to attract people to invest bitcoin if they want to do that they are waiting for the right time to invest in bitcoin after that they do marketing strategy making some threads here and other forum that the price is increasing and better to invest just like that after the price is increase high enough those whales will sell their hold bitcoins..
That can affect the value..

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November 03, 2016, 02:38:34 PM
 #614

I know there are many big players who manipulate bitcoin price and make huge profits but can we the bitcointalk members also form a cartel and let bitcoin price never fall?is it possible that we manipulate price as I am sure most of bitcoin users visit this forum

Not sure if most of BTC users visit this forum really. I know some people who are using Bitcoin on almost daily basis and have no idea about this forum's existence.

But even if we are a community which is large enough to manipulate the price of BTC why would we do that? I can see no point in this action since we are not a closed secret society and anybody from any place in the world can read what's posted here.

Why are we going to do that? Maybe because we all want bitcoin to succeed. Maybe because we all want to get profits in our investments by making the price of bitcoin higher. There's a lot of reason to do so and everything is pointed towards profits for all of us. The real question is, why are we not doing it? I haven't seen a thread in this place that's about making all of us united and then pump the price of bitcoin.
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November 03, 2016, 02:43:55 PM
 #615

I know there are many big players who manipulate bitcoin price and make huge profits but can we the bitcointalk members also form a cartel and let bitcoin price never fall?is it possible that we manipulate price as I am sure most of bitcoin users visit this forum

Not sure if most of BTC users visit this forum really. I know some people who are using Bitcoin on almost daily basis and have no idea about this forum's existence.

But even if we are a community which is large enough to manipulate the price of BTC why would we do that? I can see no point in this action since we are not a closed secret society and anybody from any place in the world can read what's posted here.

Why are we going to do that? Maybe because we all want bitcoin to succeed. Maybe because we all want to get profits in our investments by making the price of bitcoin higher. There's a lot of reason to do so and everything is pointed towards profits for all of us. The real question is, why are we not doing it? I haven't seen a thread in this place that's about making all of us united and then pump the price of bitcoin.

I am not even sure if the buyers are the ones who change the bitcoin price the most.
I would say that it's the miners. Like in the oil market the opec do.
By deciding how many of your mined coins you put into the market I think it is the most efficient way to give the bitcoin price its direction.

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November 03, 2016, 02:50:37 PM
 #616


The bitcoin price can be manipulated like other coins. The ZEC is well manipulated at the moment.

That is what i observed now with ZEC. There is too much promotion and new thread being created aside from hijacking other thread  Grin  For any any coin can be manipulated, I say Yes. If you have capital, you can control the price movement.


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November 03, 2016, 03:33:21 PM
 #617


The bitcoin price can be manipulated like other coins. The ZEC is well manipulated at the moment.

That is what i observed now with ZEC. There is too much promotion and new thread being created aside from hijacking other thread  Grin  For any any coin can be manipulated, I say Yes. If you have capital, you can control the price movement.

Zec and Augur both projects were hyip since the begining, people does play with both values, and we all know both of them will go under 1 bitcoin, it were already traded before some whales make it reach 3 bitcoins, thats new markets, and its the same as what happened into bitcoin in the begining, the bubble of 1000 dollars that people made bitcoin reach and fall out in seconds, bitcoin does have now a great community and big support, and make bitcoin go up nowadays are just milions to make it, and the market may not support, soo a waste, otherwise rich people that are into bitcoin would make those.
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November 03, 2016, 04:05:20 PM
 #618

I am confident that we can control the cost of not Bitcoins. But it can make the Chinese miners. I think they have control over Bitcoin
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November 04, 2016, 08:08:08 AM
 #619

I am confident that we can control the cost of not Bitcoins. But it can make the Chinese miners. I think they have control over Bitcoin

Not just because most of the miners lives in China it doesn't mean they are the ones who are controlling it. We are the ones who are getting some help with bitcoins and the people who are holding or hoarding a lot of bitcoins in their wallet. They are the ones who are mostly controlling and manipulating the price of bitcoin.

Miners control the issuance of new bitcoins. Strictly speaking, the issuance of new bitcoins is predetermined by the Bitcoin protocol, every 10 minutes or so. What matters here is that those who get new bitcoins, get them out of market, but can still sell them on the market, i.e. influence the supply side without touching the demand side first (i.e. not buying these coins). In this way, by selling or refraining from selling, the miners can potentially affect the price. The degree of the impact they might deliver depends on the relative amount of their coins in the aggregate supply...

Now the fact that the total majority of miners reside in China makes them vulnerable to the policies of the Chinese authorities

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November 04, 2016, 08:59:05 AM
 #620

I know there are many big players who manipulate bitcoin price and make huge profits but can we the bitcointalk members also form a cartel and let bitcoin price never fall?is it possible that we manipulate price as I am sure most of bitcoin users visit this forum

Not sure if most of BTC users visit this forum really. I know some people who are using Bitcoin on almost daily basis and have no idea about this forum's existence.

But even if we are a community which is large enough to manipulate the price of BTC why would we do that? I can see no point in this action since we are not a closed secret society and anybody from any place in the world can read what's posted here.

Why are we going to do that? Maybe because we all want bitcoin to succeed. Maybe because we all want to get profits in our investments by making the price of bitcoin higher. There's a lot of reason to do so and everything is pointed towards profits for all of us. The real question is, why are we not doing it? I haven't seen a thread in this place that's about making all of us united and then pump the price of bitcoin.

I am not even sure if the buyers are the ones who change the bitcoin price the most.
I would say that it's the miners. Like in the oil market the opec do.
By deciding how many of your mined coins you put into the market I think it is the most efficient way to give the bitcoin price its direction.

I don't think so. There are almost 16 Million Bitcoins which already exist and what is mined say per day is a very small amount compared to 16 Million. Also I have never heard that miners had a meeting to decide what the price of Bitcoin should be.

I think the price of Bitcoin fluctuates spontaneously and although we can explain it more or less retrospectively, we can never predict with certainty the future fluctuations.

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