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

We cannot manipulate bitcoin price individually, that is insane. Only the big whalers has a capacity to do that or the biggest exchange site where they get a huge volume of bitcoin.

This is true but having big quantities of bitcoins is not the only way to manipulate the price, the media could embark in an even more aggressive campaign against bitcoin and spread as much FUD as possible and in that way try to reduce the price of bitcoin, in fact I think this is about to happen with the prices of bitcoin reaching new highs in this week

This doesn't work any more

You have to possess real power to manipulate Bitcoin prices without sticking to direct manipulation by pouring massive amounts of cash or bitcoins into the orderbooks. The Chinese Central bank has (or should we say had?) such influence but it worked out only once (and the effect was still rather short-lived), the second time their actions aimed at manipulating whole exchanges didn't have any real consequences and got them nowhere. If Trump declared today that he is going to ban Bitcoin tomorrow and put Bitcoin users behind the bars, it might have some effect, but it looks like that it wouldn't last for long, either

[d-trixx]

could be, when you have a number that many or more than 50% then all the things you can do include control bitcoin. I'm sure, that there are currently doing so.

there are millions of bitcoin spread, if you have at least 100k bitcoin. I'm sure you can manipulate the price of bitcoin. even able to control a market of bitcoin.
The key is to have a very large bankroll

You still can't manipulate the bitcoin price even you are the most riches man who hold tones of bitcoin you will not waste bitcoin just to manipulate it, maybe the volume of trading in exchange can be fake but not the bitcoin price many people will be react on this.

It should still be possible to make such excitement in currency trading. Many coins in the purse does not mean anything. While throwing the market bitcoin, fashionable get another price fall and then start buying. But this is another risk.

[South Park]

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

We cannot manipulate bitcoin price individually, that is insane. Only the big whalers has a capacity to do that or the biggest exchange site where they get a huge volume of bitcoin.

This is true but having big quantities of bitcoins is not the only way to manipulate the price, the media could embark in an even more aggressive campaign against bitcoin and spread as much FUD as possible and in that way try to reduce the price of bitcoin, in fact I think this is about to happen with the prices of bitcoin reaching new highs in this week

This doesn't work any more

You have to possess real power to manipulate Bitcoin prices without sticking to direct manipulation by pouring massive amounts of cash or bitcoins into the orderbooks. The Chinese Central bank has (or should we say had?) such influence but it worked out only once (and the effect was still rather short-lived), the second time their actions aimed at manipulating whole exchanges didn't have any real consequences and got them nowhere. If Trump declared today that he is going to ban Bitcoin tomorrow and put Bitcoin users behind the bars, it might have some effect, but it looks like that it wouldn't last for long, either

Even if it does not work anymore, the media is a one trick pony and they know only one way to deal with their problems and that is to spread as much misinformation as possible and even if they see it is not working then they are just going to double down on their efforts.

[stevano]

so far I have not heard that there bitcoin prices are set, because that determines the price of bitcoin is the bitcoin users themselves, see the principle of economy more and more demand then prices will rise, as it also bitcoin

[transabox]

I am sure that we can not affect the price of Bitcoin. Everyone keeps in his wallet a certain amount of Bitcoin is not to bring down the market, and for some of their goals

[LLec]

Only the whales can do that. And the exchanges in China are out of the equation now with out being able to move their coins out of there now. So they are SOL right now as we speak.
Anybody really who can move around 1000btc on a whim could manipulate the price quite easily.
In or against their favor. It all depends on the timing of it really.

[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

We cannot manipulate bitcoin price individually, that is insane. Only the big whalers has a capacity to do that or the biggest exchange site where they get a huge volume of bitcoin.

This is true but having big quantities of bitcoins is not the only way to manipulate the price, the media could embark in an even more aggressive campaign against bitcoin and spread as much FUD as possible and in that way try to reduce the price of bitcoin, in fact I think this is about to happen with the prices of bitcoin reaching new highs in this week

This doesn't work any more

You have to possess real power to manipulate Bitcoin prices without sticking to direct manipulation by pouring massive amounts of cash or bitcoins into the orderbooks. The Chinese Central bank has (or should we say had?) such influence but it worked out only once (and the effect was still rather short-lived), the second time their actions aimed at manipulating whole exchanges didn't have any real consequences and got them nowhere. If Trump declared today that he is going to ban Bitcoin tomorrow and put Bitcoin users behind the bars, it might have some effect, but it looks like that it wouldn't last for long, either

Even if it does not work anymore, the media is a one trick pony and they know only one way to deal with their problems and that is to spread as much misinformation as possible and even if they see it is not working then they are just going to double down on their efforts

That would be downright counterproductive

If they "double on their efforts", that would mean becoming more hysterical and sensationalist overall. I don't think that would give more trust to these sources of news and information. Otherwise, they would have to stick to outright lies and craftily framed half-truths but they are already there (just like what major media outlets have been doing with for so many years). I don't think either they could add anything particularly new to the arsenal of propaganda and brainwashing methods that we haven't already seen or heard

[TastyChillySauce00]

I am sure that we can not affect the price of Bitcoin. Everyone keeps in his wallet a certain amount of Bitcoin is not to bring down the market, and for some of their goals

If you're referring "we" as whole bitcoin users on this planet and the only ones who make the market exist then you're wrong. Bitcoin's price is now pure from demands which made by the markets if you think "we" can't affect the price of Bitcoin then it's really wrong.
Even an individual with million of dollar could affect the price of bitcoin easily.

[naidray]

i think it was possible in past but now it is becoming difficult. because the users of bitcoin are now increasing and now it is becoming difficult for a single person to manipulate the price of bitcoin. in fact bitcoin is a decentralize currency and not under the control of any person or state.

That is not entirely true, it cannot be controlled by a certain person but it is controlled by the Chinese miners, it is true that bitcoin is decentralized but 70% of the user base is located in china and that makes them the ones who control the price if they decide not to sell or hold and that is what is happening now.

[Fireblazer]

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

We cannot manipulate bitcoin price individually, that is insane. Only the big whalers has a capacity to do that or the biggest exchange site where they get a huge volume of bitcoin.

Great site sharing only their means of influence on the course of bitcoin, but these price fluctuations affect the entire market cryptocurrency. But I think that in these transactions involved a lot of people, because a large number of bitcoin block chords need a lot of users.

[21kevin21]

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

We cannot manipulate bitcoin price individually, that is insane. Only the big whalers has a capacity to do that or the biggest exchange site where they get a huge volume of bitcoin.

The information we had is we know there are whales who can manipulate the price but we will not know who exactly these people are and where they are right now. Also, we are not sure if whales do visit bitcointalk or they are active here, what we have is just a mere speculation and we live to that speculation the same with what we are doing in predicting how the price move.

Atleast we believe that bitcoin price is always tend too rise. although we do not know who are the big players that manipulate the price of bitcoin but we still can get profit as long as we not worry when the price down and be patient for wait the price rise.

For those who do not buy, and earn bitcoin by other means, price fluctuations does not matter. For us the most important final result, and it bitcoin exchange rate that we expect in a few years.

[Seccerius]

It's only possible if we together can accumulate an amount of Bitcoin equivalent to the Bitcoin market cap else the big boys and others whales with more bitcoins and mines will have more uncontrolled influence and Bitcoin price will keep fluctuating as and when they pump or dump.

bro I don’t think this is the only way if we together can accumulate an amount of Bitcoin equivalent to the Bitcoin market cap people are doing this my controlling the supplies and their demand and many people doing it and mine will have more uncontrolled influence but  up to some extend it can be controllable and price of bitcoins are fluctuated but its growth rate is much impressive according to its price.

It is very difficult to believe in such possibility, but something tells me that the effect is still the market cryptocurrency in a certain form. This method is difficult to detect, but it's there and we have seen very often.

[traderethereum]

i think it was possible in past but now it is becoming difficult. because the users of bitcoin are now increasing and now it is becoming difficult for a single person to manipulate the price of bitcoin. in fact bitcoin is a decentralize currency and not under the control of any person or state.

That is not entirely true, it cannot be controlled by a certain person but it is controlled by the Chinese miners, it is true that bitcoin is decentralized but 70% of the user base is located in china and that makes them the ones who control the price if they decide not to sell or hold and that is what is happening now.

i will said maybe bitcoin price is manipulated by one group with larger of funds and they are trying to make panic in the market, because i see its happen on polo when dump and pump is already happen in almost one month ago. but they can not controlled bitcoin price as they want, because all things that happen in the market is because of the traders and people which want bitcoin price is up or down.

[mayax]

i think it was possible in past but now it is becoming difficult. because the users of bitcoin are now increasing and now it is becoming difficult for a single person to manipulate the price of bitcoin. in fact bitcoin is a decentralize currency and not under the control of any person or state.

That is not entirely true, it cannot be controlled by a certain person but it is controlled by the Chinese miners, it is true that bitcoin is decentralized but 70% of the user base is located in china and that makes them the ones who control the price if they decide not to sell or hold and that is what is happening now.

i will said maybe bitcoin price is manipulated by one group with larger of funds and they are trying to make panic in the market, because i see its happen on polo when dump and pump is already happen in almost one month ago. but they can not controlled bitcoin price as they want, because all things that happen in the market is because of the traders and people which want bitcoin price is up or down.

yes and more than that, take a look to exchangers. they are pumping and dumping the price with their bots it's so simple

as long the BTC market will continue to be unregulated(with unlicensed exchangers), the BTC will be nothing than a tinny shit

[PaymyBills]

Only the big whales of 10.000 BTC would be able to have an impact on the price, and even then, it would be minimum.

We saw hundred of thousands of BTC stolen from Bitfinex and we saw a flash crash and we are already recovering. The amount of money you would need is simply too damn high.

[Diced90]

Only the big whales of 10.000 BTC would be able to have an impact on the price, and even then, it would be minimum.

We saw hundred of thousands of BTC stolen from Bitfinex and we saw a flash crash and we are already recovering. The amount of money you would need is simply too damn high.

IMHO whales holding 10.000 BTC are not fond of dumping coins because the believe bitcoins potential has not yet reached, unless the carried out a coordinated dumping to manipulate prices.

[PancherBitCoin]

Only the big whales of 10.000 BTC would be able to have an impact on the price, and even then, it would be minimum.

We saw hundred of thousands of BTC stolen from Bitfinex and we saw a flash crash and we are already recovering. The amount of money you would need is simply too damn high.

IMHO whales holding 10.000 BTC are not fond of dumping coins because the believe bitcoins potential has not yet reached, unless the carried out a coordinated dumping to manipulate prices.

Having the number of coins is very easy to influence the market and do so competently to direct at low prices could buy more bitcoin.

[gandame]

I don't think we can manipulate bitcoin price because its price will become bigger if the demand will rise higher. If more will need bitcoin so they will buy more of it so the economy will be better for digital currency. When the demand slows and the buying will decrease, price wil will also be affected it became more cheaper compared from previous with higher price. We are the profit makers of bitcoin price and it matters on your decision whether you sell or buy.

[PaymyBills]

We have many people working with btc in these days, and this price, give a fucking support, only a BIG FUD coming from a big market like china can manipulate this market in this days

[Lancusters]

I think that bitcoin is a commodity, like commodities that we buy on the market. And therefore it is subject to the same laws of supply and demand. We are minor holders of bitcoin and maybe have not greatly affect the situation on the market, but the big whales can change it's price.