Can we Manipulate Bitcoin price?

[Kevin77]

Whales will always exist and little fishes will always exist too. The well distributed amount doesn't mean whale won't manipulate the bitcoin price. 1000 bitcoin distributed between 1000 persons can't bet 100 bitcoins in one person's hand, just an example.
Few whales manipulate all the world, why would be hard to manipulate a currency?

Mathematically that is not true, if the big whales decide that they are satisfied with the price of the bitcoin and they start selling that will affect the price and leaves us the small one with 2, 1 or even half the bitcoiners confused and regretting that we did not sell and that what exactly happened earlier this year when the price went from $1100 to $700

There will be no guarantee that every traders will think and act similarly. As long as this will remain true, the whales cannot succeed with their manipulations.

[South Park]

If some people or group merge their fund to some big giant money and buy bitcoin with that, I think it can be likely to be manipulated. For example, if Bill Gates or Microsoft buy bitcoin with all his money what do you think will happen with bitcoin prices? Yes it start raising when he buy. But it just temporary, because if he not waste his bitcoin and just hold it for a long time, bitcoin prices will drop. Why? Because it's not attractive anymore, and peoples trust on bitcoin start to disappeare.
So, you can manipulate bitcoin price with just dump or pump method if you have some big amount on your wallet.

Bill gates could probably manipulate the price of bitcoin with the money he carries in his wallet, he may not even need any money if he just announced that he was interested in buying bitcoin and become a long term holder he could make the price of bitcoin gain a lot of value for a couple of hours or even days.

[gandame]

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

Yes they would be in fear of failing because if they think of manipulating the price by means of price pumping, and they could not predict the actual effect of it. Others hope that price will go down because not all of the btc users were traders, there are lots of them are buyers that holds bitcoin for a personal purposes that has planned. Others kept on dumping just to make price decrease but it became to a point dumping and pumping is in like competition today whatever the result is profit to individuals.

[deppil]

bitcoin see prices rising so fast, and then go down very quickly, making me think that it was possible to manipulate the price of bitcoin. but, it takes a lot bitcoin, as in bitcoin in an exchanger. Well, I see that some of the actions of several exchangers, making bitcoin prices to be down. so, of course it can be manipulated.

when you see the price go up and then down very quickly. maybe you saw panic selling, it often happens in the markets where many users sell all their bitcoin and driving prices down very quickly

[digaran]

"Fake demand" is still demand. Someone's buying bitcoins, thus, there's demand on bitcoins. No matter how many persons was buying bitcoins, that's still demand nonetheless.

There would never be an equal distribution of bitcoin. The same thing with fiat, there would never be an equal distribution of fiat. I think you should read this article to realize that there would never be an equal distribution of wealth. And even if we get to do that, eventually, the wealth would not be evenly distributed because there would always be people spending more than others, and people earning much more than others.

I disagree, though you might be referring to early adopters and their share of having more bitcoins but btc is the most fair distributed currency in the entire human history, simply you get what you paid for and some. can you name me one thing that everyone could work and get paid equally at the end? in bitcoin economy you work and have the proof digitally and are getting paid digitally but equally, why do you think there are not much of the giant companies involved in mining? because they are used to manipulate the markets to get what they want unlike what is going on here.

[coin revolution]

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

Media organizations have a significant impact on peoples. Television, radio and especially the internet have serious effects on the masses.
If enough resources are left, the price of bitcoin can be manipulated. But this is not an easy task. You need to agree with a very good agency for this. You need to agree with the sites that broadcast on the internet.
I'm also not sure if the BTC you earned meets the costs you make.

[mornabo]

I don't think we can manipulate bitcoin price it all about supply and demand even if we all try to there will be only little difference is price as bitcoin users are many.

true is all about supply and demand, but you should know that someone who has money or a large capital can make the manipulation demand on bitcoin, it means they can manipulate the price of bitcoin

Indeed, it has been proven in altcoin market.  You can see an altcoin without any usage  grow up in price, reason, manipulation. Like for example an ICO altcoin that reserve 10% of the coin for them and raised a successful  ICO,  The developer have the capability to manipulate the coin the way he wanted it to be since he has the fund and the coin, plus the authority of releasing news and updates.  Same apply to Bitcoin.

Yes you are right. I am confident that the Bitcoin price control are those who hold a lot of coins. Therefore, their impact on the market cryptocurrency significant.

That's why many mafia playing in bitcoin market, because they see that the price of bitcoin can be manipulated for their own profit?
the key only to have a large capital to manipulate price

[blackmagician]

China has a big part in manipulating the bitcoin price. They can drive the price to whatever they want.
I think they will drive the price to get the ath and go down in an instant.

[ufaiz50]

if you're one of the major holders in bitcoin might not be a difficult thing but a wise person would not do that, maybe you should go to china for manipulation price of bitcoin

[pretty-g]

China has a big part in manipulating the bitcoin price. They can drive the price to whatever they want.
I think they will drive the price to get the ath and go down in an instant.

China's impact on the bitcoin market is not so large, the Chinese government recently issued a policy to strictly control bitcoin, bitcoin prices have a little volatility, but little volatility. Chinese government again and again to suppress, bitcoin is still moving forward, I think China's policy can not manipulate bitcoin prices.

[wizmo]

If manipulating bitcoin price were too easy then we shold have seen bitcoin price up and down but it's continuously growing.

[emezh10]

Yes you can manipulate the price of bitcoin if the 50% of the supply is in your hand because the supply is the key to manipulate it. The price of the bitcoin is based on the supply of it. If bitcoin supply is lessen the price will go up and the supply is growing the price will go down because of that the price is selling and buying bitcoin just like trading. If the 50% of the supply is at your wallet you can control it by buying and selling bitcoin.

[wizmo]

Yes you can manipulate the price of bitcoin if the 50% of the supply is in your hand because the supply is the key to manipulate it. The price of the bitcoin is based on the supply of it. If bitcoin supply is lessen the price will go up and the supply is growing the price will go down because of that the price is selling and buying bitcoin just like trading. If the 50% of the supply is at your wallet you can control it by buying and selling bitcoin.

50% thats too much bitcoins one can have. I've yet to seen anyone with 50% of bitcoins in their wallet.

[mrcash02]

Yes you can manipulate the price of bitcoin if the 50% of the supply is in your hand because the supply is the key to manipulate it. The price of the bitcoin is based on the supply of it. If bitcoin supply is lessen the price will go up and the supply is growing the price will go down because of that the price is selling and buying bitcoin just like trading. If the 50% of the supply is at your wallet you can control it by buying and selling bitcoin.

50% thats too much bitcoins one can have. I've yet to seen anyone with 50% of bitcoins in their wallet.

Or... If someone is able to find holders that together have 50% of Bitcoin amount disponible in the world to work together on something they can have advantages over others. It's possible if there is a common sense of group work, but it wouldn't be a good thing for a decentralized currency that wants to run from any kind of centralization and control.

[stadus]

China has a big part in manipulating the bitcoin price. They can drive the price to whatever they want.
I think they will drive the price to get the ath and go down in an instant.

China's impact on the bitcoin market is not so large, the Chinese government recently issued a policy to strictly control bitcoin, bitcoin prices have a little volatility, but little volatility. Chinese government again and again to suppress, bitcoin is still moving forward, I think China's policy can not manipulate bitcoin prices.

IMHO, the manipulation of price cannot be controlled by the government, what government is only after is the legitimate transaction to prevent money laundering, and we understand china has the most number of bitcoins therefore it's easy for them to manipulate the price in their favor.  That is my perception on the news I read in the community but that can be change as bitcoin continues to exist.

[bamboylee]

China has a big part in manipulating the bitcoin price. They can drive the price to whatever they want.
I think they will drive the price to get the ath and go down in an instant.

China's impact on the bitcoin market is not so large, the Chinese government recently issued a policy to strictly control bitcoin, bitcoin prices have a little volatility, but little volatility. Chinese government again and again to suppress, bitcoin is still moving forward, I think China's policy can not manipulate bitcoin prices.

IMHO, the manipulation of price cannot be controlled by the government, what government is only after is the legitimate transaction to prevent money laundering, and we understand china has the most number of bitcoins therefore it's easy for them to manipulate the price in their favor.  That is my perception on the news I read in the community but that can be change as bitcoin continues to exist.

But they can influence it if they start creating laws that will have an effect on bitcoin. Like if countries start banning bitcoin, it will drastically drag the price down. Otherwise, if a country shows support to bitcoin, then it will push the price up.

[Eodguy149]

You should set up an email list like a few people have done with penny stocks. I'm sure with enough leg work you could get it going! Also, there's a lot less regulatory issues to worry about with crypto 

[Przemax]

In my opinion ordinary joe can manipulate the price but mostly it works against the group of average joes. Hows that work as Ive noticed? After the price increase there is a flock of Joes that have compulsion to buy more bitcoin just because they made some money on it and its not enough for them. Its never enough so when the price is relativly stable with upward trend with no correction its the average joes that makes the price go up. Not average joes waits for correction mostly.

So yes average joe manipulate the price but only after some whale buy their bitcoins and wait for average joes to increase the price of the bitcoins that whales had bought and then the whale sell . Rinse and repeat every 2 months.

[avikz]

Being an individual, it is almost impossible to manipulate bitcoin price unless you have few millions to trade in crypto currency market. However, if you have a group of traders with you with good numbers of investment, you may try to put some fake trading requests with good volume and you wish may be fulfilled. But the chance is rare.

Check the market cap of bitcoin. So it is not possible for an individual to fake bitcoin price. A million dollar may come handy there. Just a suggestion!

[Fatanut]

Yes you can manipulate the price of bitcoin if the 50% of the supply is in your hand because the supply is the key to manipulate it. The price of the bitcoin is based on the supply of it. If bitcoin supply is lessen the price will go up and the supply is growing the price will go down because of that the price is selling and buying bitcoin just like trading. If the 50% of the supply is at your wallet you can control it by buying and selling bitcoin.

50% thats too much bitcoins one can have. I've yet to seen anyone with 50% of bitcoins in their wallet.

Or... If someone is able to find holders that together have 50% of Bitcoin amount disponible in the world to work together on something they can have advantages over others. It's possible if there is a common sense of group work, but it wouldn't be a good thing for a decentralized currency that wants to run from any kind of centralization and control.

I doubt that. I can barely list 10 individuals that I know personally that are using bitcoins. Unless you have an agent working for you, you'll never find out who are the other people that have 50% of the bitcoins. You'll be able to find a website that has the list of the wallet addresses that holds the most bitcoins but how are you going to contact them with that information? We're all anonymous/pseudonymous here so..

Actually, people that holds bitcoin can only sell their coins to manipulate the bitcoin price. They are not going to be buying (unless they chose to) since they already have a huge amount of bitcoins. What you should do is find rich people in the world and encourage them to save their money in bitcoin form. That would surely increase the price.