Can we Manipulate Bitcoin price?

[deisik]

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

Do you really expect that they would be announcing their meetings at every corner like OPEC does? Also, why would they need a meeting at all if someone is single-handedly controlling the mining pools from behind the curtain? Apart from that, the number of already mined coins is irrelevant for manipulating the price. The number of actually traded ones is. And when you turn to stats you will see that the majority of traded coins are traded at Chinese exchanges...

If you have other questions, feel free to ask

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[hajimasan]

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

actually it is not simple work to predict because we know that every second in the bitcoin world is a big factor which can fluctuate the bitcoin Price .
well we can predict based upon the new project starts on the bitcoin .
for example new blockchain service with Indian banks makes the price increase .

[coynedterm]

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

it is not a complicated work to manipulate tge bitcoin price because all these in the price of bitcoin depends upon the damand .
when new company comes in the market for bitcoin then the bitcoin demand increases in the market that leads into increase price .
so in the same way we manipulate easily .

[piloder]

Bitcoin marketcap is only around 12 billion dollar so if few billionaire try to manipulate the market they can easily substract/add few billions which can swing price to +/- 10% easily within few hour as well as there are several events which can easily cause panic dump/pump, one of the latest example is yesterday's hoax about china limiting bitcoin trade cause price to drop from $740 to $685 within few hour.

[Rmaqks]

Bitcoin marketcap is only around 12 billion dollar so if few billionaire try to manipulate the market they can easily substract/add few billions which can swing price to +/- 10% easily within few hour as well as there are several events which can easily cause panic dump/pump, one of the latest example is yesterday's hoax about china limiting bitcoin trade cause price to drop from $740 to $685 within few hour.

recent events once again confirm the fact that China sets price for Bitcoin. The rest of the people to influence the Bitcoin can not

[goldcoinminer]

Bitcoin marketcap is only around 12 billion dollar so if few billionaire try to manipulate the market they can easily substract/add few billions which can swing price to +/- 10% easily within few hour as well as there are several events which can easily cause panic dump/pump, one of the latest example is yesterday's hoax about china limiting bitcoin trade cause price to drop from $740 to $685 within few hour.

recent events once again confirm the fact that China sets price for Bitcoin. The rest of the people to influence the Bitcoin can not

Do you have any link of news to confirm your statement?

Please do provide it here in your reply so I will believe in your story..

[deisik]

Bitcoin marketcap is only around 12 billion dollar so if few billionaire try to manipulate the market they can easily substract/add few billions which can swing price to +/- 10% easily within few hour as well as there are several events which can easily cause panic dump/pump, one of the latest example is yesterday's hoax about china limiting bitcoin trade cause price to drop from $740 to $685 within few hour.

recent events once again confirm the fact that China sets price for Bitcoin. The rest of the people to influence the Bitcoin can not

Do you have any link of news to confirm your statement?

Haven't you heard the recent rumor about the Chinese authorities intending to set up capital flow barriers? They haven't yet done anything, and most likely ain't going to, but the price has already crashed almost 10% on the rumor alone. Is this not enough to prove who is de facto setting the Bitcoin price? And what would happen if they were going to restrict Bitcoin, and that would be for real? On the other hand, the Bitfinex hack has shown pretty clear how much price depends on the Chinese exchanges...

And Bitfinex is only a small fish among these exchanges

[bitcoinboy12]

Bitcoin marketcap is only around 12 billion dollar so if few billionaire try to manipulate the market they can easily substract/add few billions which can swing price to +/- 10% easily within few hour as well as there are several events which can easily cause panic dump/pump, one of the latest example is yesterday's hoax about china limiting bitcoin trade cause price to drop from $740 to $685 within few hour.

recent events once again confirm the fact that China sets price for Bitcoin. The rest of the people to influence the Bitcoin can not

If you are a very big Bitcoin player I would imagine you could.
Any cryptocurrencies may be manipulated so that the price could be increased.

[Doamader]

Bitcoin marketcap is only around 12 billion dollar so if few billionaire try to manipulate the market they can easily substract/add few billions which can swing price to +/- 10% easily within few hour as well as there are several events which can easily cause panic dump/pump, one of the latest example is yesterday's hoax about china limiting bitcoin trade cause price to drop from $740 to $685 within few hour.

recent events once again confirm the fact that China sets price for Bitcoin. The rest of the people to influence the Bitcoin can not

If you are a very big Bitcoin player I would imagine you could.
Any cryptocurrencies may be manipulated so that the price could be increased.

Big holders can make a pump as well a dump, but the market must support it otherwise they will create a bubble and loose money, bitcoin has a good stability and its very hard to make it jump and keep with the support around it. Miners for sure does make pression and try to push the price up as they can, and then they let the price to see if the market will support or not.

[Esphere.in]

Bitcoin marketcap is only around 12 billion dollar so if few billionaire try to manipulate the market they can easily substract/add few billions which can swing price to +/- 10% easily within few hour as well as there are several events which can easily cause panic dump/pump, one of the latest example is yesterday's hoax about china limiting bitcoin trade cause price to drop from $740 to $685 within few hour.

recent events once again confirm the fact that China sets price for Bitcoin. The rest of the people to influence the Bitcoin can not

all of the major miners are from china and the only commercially available miner is produced from china and so china does have a major influence in the price of bitcoin and it will be like that in the future

[Milkduds]

The China story sure fluctuated the price,so we no longer need to debate if but more how many ways it can be achieved.
Disagree with the comment by Rmaqks on no one else being able to touch the price in this way and think the spring will show this with Kim Dotcom.
The pump and dump seems to be a real problem if we are attempting to look stable to non users. As long as the price is so easy to manipulate than we will not pull from those shrewd investors that need to feel safe.

[freedomgo]

Bitcoin marketcap is only around 12 billion dollar so if few billionaire try to manipulate the market they can easily substract/add few billions which can swing price to +/- 10% easily within few hour as well as there are several events which can easily cause panic dump/pump, one of the latest example is yesterday's hoax about china limiting bitcoin trade cause price to drop from $740 to $685 within few hour.

recent events once again confirm the fact that China sets price for Bitcoin. The rest of the people to influence the Bitcoin can not

all of the major miners are from china and the only commercially available miner is produced from china and so china does have a major influence in the price of bitcoin and it will be like that in the future

They have a major influence but they are not the one who have total control in manipulating the price of bitcoin. They are compose of many type of groups. Group of whales, hoarders, pump and dump groups and simply us. Even your single and smallest transaction of purchasing some of bitcoins for your trading investment or gambling can contribute to the price of bitcoin.

There are people who are behind on the manipulation of the price of bitcoin, whales can do that and we do not have the choice but to dance with their music. We know how to dance because we have been here for so long and every time there's a price pump we benefited.

[Esphere.in]

They have a major influence but they are not the one who have total control in manipulating the price of bitcoin. They are compose of many type of groups. Group of whales, hoarders, pump and dump groups and simply us. Even your single and smallest transaction of purchasing some of bitcoins for your trading investment or gambling can contribute to the price of bitcoin.

There are people who are behind on the manipulation of the price of bitcoin, whales can do that and we do not have the choice but to dance with their music. We know how to dance because we have been here for so long and every time there's a price pump we benefited.

Most of the big mining farms are located in china and so the big whales are playing out of china ,how can gambling contribute to the price of bitcoin ,i do not understand your logic .The recent manipulation is because of FUD news spreading around in forums that china will be restricting bitcoin exchanges .

[Batelk]

They have a major influence but they are not the one who have total control in manipulating the price of bitcoin. They are compose of many type of groups. Group of whales, hoarders, pump and dump groups and simply us. Even your single and smallest transaction of purchasing some of bitcoins for your trading investment or gambling can contribute to the price of bitcoin.

There are people who are behind on the manipulation of the price of bitcoin, whales can do that and we do not have the choice but to dance with their music. We know how to dance because we have been here for so long and every time there's a price pump we benefited.

Most of the big mining farms are located in china and so the big whales are playing out of china ,how can gambling contribute to the price of bitcoin ,i do not understand your logic .The recent manipulation is because of FUD news spreading around in forums that china will be restricting bitcoin exchanges .

Gambling is one usage of the bitcoin. The more people use the bitcoin, the more useful it is so the price will be higher.

[Xester]

Bitcoin marketcap is only around 12 billion dollar so if few billionaire try to manipulate the market they can easily substract/add few billions which can swing price to +/- 10% easily within few hour as well as there are several events which can easily cause panic dump/pump, one of the latest example is yesterday's hoax about china limiting bitcoin trade cause price to drop from $740 to $685 within few hour.

recent events once again confirm the fact that China sets price for Bitcoin. The rest of the people to influence the Bitcoin can not

all of the major miners are from china and the only commercially available miner is produced from china and so china does have a major influence in the price of bitcoin and it will be like that in the future

They have a major influence but they are not the one who have total control in manipulating the price of bitcoin. They are compose of many type of groups. Group of whales, hoarders, pump and dump groups and simply us. Even your single and smallest transaction of purchasing some of bitcoins for your trading investment or gambling can contribute to the price of bitcoin.

There are people who are behind on the manipulation of the price of bitcoin, whales can do that and we do not have the choice but to dance with their music. We know how to dance because we have been here for so long and every time there's a price pump we benefited.

Yes only the big whales ang giant mining farms has the ability to manipulate the price of bitcoin. They can make it inflate by hoarding huge amounts, they can deflate by dumping it.

The only thing we can do is either to get rich or to find ways as a group on how can we manipulate bitcoin.

[fortunecrypto]

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

There's already a pump community in the service section,just waiting for their update you can join the community,but in my experience there's some whales who does all this daily in exchanges,but if there's a system that can make bitcoin to pump and make the bitcoin rise I'm open to that idea.

[uneng]

Depending who are "we", it's not possible to manipulate bitcoin price. If you don't have a lot of bitcoins or if you don't belong to a group of rich bitcoiners trying to control it, you can't manipulate bitcoin price, you are a small investor.
The only thing you can do is to take advantage with the big whales moves, follow them and you will have a higher chance to make profit.

[serjent05]

Depending who are "we", it's not possible to manipulate bitcoin price. If you don't have a lot of bitcoins or if you don't belong to a group of rich bitcoiners trying to control it, you can't manipulate bitcoin price, you are a small investor.
The only thing you can do is to take advantage with the big whales moves, follow them and you will have a higher chance to make profit.

Actually it is very possible, you can see the proof on the  news about China imposing capital control, bitcoin price goes down.  People pressing on the halving issue, bitcoin price goes up.  News about bitfinex hack, price go down.  Good news about Segwit, price go up,  some criticism about Segwit and how it will affect future bitcoin procedure, bitcoin go down.  See, if people can play with the media, bitcoin can easily manipulated.

[zikel]

Depending who are "we", it's not possible to manipulate bitcoin price. If you don't have a lot of bitcoins or if you don't belong to a group of rich bitcoiners trying to control it, you can't manipulate bitcoin price, you are a small investor.
The only thing you can do is to take advantage with the big whales moves, follow them and you will have a higher chance to make profit.

Actually it is very possible, you can see the proof on the  news about China imposing capital control, bitcoin price goes down.  People pressing on the halving issue, bitcoin price goes up.  News about bitfinex hack, price go down.  Good news about Segwit, price go up,  some criticism about Segwit and how it will affect future bitcoin procedure, bitcoin go down.  See, if people can play with the media, bitcoin can easily manipulated.

I would not say that it is very easy. Yes some media influence on the course of Bitcoin is, but it is not decisive. Therefore, I believe that the price of Bitcoin manipulate people who have little Bitcoin is almost impossible

[Rinder]

Some important news does affect bitcoin value, the whales and daily traders does use them to manipulate the market, bitfinex made bitcoin crash into the 500 dollars when it were going on the 700 dollars, because it were a big ammount of bitcoins, and were possible dropped the bitcoin value. A single person with a fake new can easy make some problems, i remember som exchange bug at withdraw, people had panic instant and bitcoin went into low ammounts in seconds, isnt a cheap attempt to manipulate bitcoin, but whales does have cash and big ammount of bitcoins to make it shake.