stadus
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January 07, 2018, 07:57:48 AM |
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Maybe a big group like 10-20 person that have many bitcoins can control or at least make a movement at the price of bitcoin, usually people called this person is "whale". Imagine if so many bitcoins suddenly sold or bought, it will make a change on bitcoin price for sure,
It's not by number of users or holders actually but it's about the number of your holdings to the total supply of bitcoin. If you hold a big number of bitcoins like 20% of the total supply you already have the power to move the market, and that means you an manipulate the price as well, lucky are those who are in that position now. |
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Opekin
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January 07, 2018, 08:24:26 AM |
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Maybe a big group like 10-20 person that have many bitcoins can control or at least make a movement at the price of bitcoin, usually people called this person is "whale". Imagine if so many bitcoins suddenly sold or bought, it will make a change on bitcoin price for sure,
It's not by number of users or holders actually but it's about the number of your holdings to the total supply of bitcoin. If you hold a big number of bitcoins like 20% of the total supply you already have the power to move the market, and that means you an manipulate the price as well, lucky are those who are in that position now. I definitely agree on this because after all, the trade of bitcoin will only be within two persons, one who holds and sells the bitcoin and the one who buys. The opportunity given to those who own atleast 20%, for instance, of bitcoin is very rare and one of it is to control the price but it is limited. Price controlling of an individual isn’t applicable for everyone. It can only be done per transaction but the value is not changeable. Analogy on this is what the money changers do. For every currency, there is a specified value but they can control it. |
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Dark Sky
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January 07, 2018, 08:40:44 AM |
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Maybe a big group like 10-20 person that have many bitcoins can control or at least make a movement at the price of bitcoin, usually people called this person is "whale". Imagine if so many bitcoins suddenly sold or bought, it will make a change on bitcoin price for sure,
It's not by number of users or holders actually but it's about the number of your holdings to the total supply of bitcoin. If you hold a big number of bitcoins like 20% of the total supply you already have the power to move the market, and that means you an manipulate the price as well, lucky are those who are in that position now. You can invest your money for long term because it will very beneficial for you and your any dream which you cannot complete in your low income, so bitcoin can your every dream fulfill and you can save bitcoin for your family's future, so we can manipulate bitcoin price by long term investment with some extra amount of bitcoin. |
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BronxCats
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January 07, 2018, 08:42:16 AM |
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The only people who can really manipulate Bitcoin's price would be powerful people in the media. For example, Trump could say something about Bitcoin, shoot the price up, or say something to shoot it down.
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BronxCats
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January 07, 2018, 08:44:30 AM |
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Maybe a big group like 10-20 person that have many bitcoins can control or at least make a movement at the price of bitcoin, usually people called this person is "whale". Imagine if so many bitcoins suddenly sold or bought, it will make a change on bitcoin price for sure,
It's not by number of users or holders actually but it's about the number of your holdings to the total supply of bitcoin. If you hold a big number of bitcoins like 20% of the total supply you already have the power to move the market, and that means you an manipulate the price as well, lucky are those who are in that position now. But lets say I had 20% of all Bitcoins (I wish). Wouldn't I also have to have control dozens and dozens of exchanges to manipulate the price. That seems tricky. |
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matanglawin
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The Organic Growth Token
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January 07, 2018, 09:00:58 AM |
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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. Although whales in the market highly affect its market value but still, majority is bigger. Bitcoin is naturally volatile so we can't control its market value. So we can't basically do nothing about it. The best thing is to take advantage of the backdrops in able to earn huge profit despite of the negativities with its market value specifically, investing during downfalls. |
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Gladz29
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January 07, 2018, 09:40:34 AM |
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The only people who can really manipulate Bitcoin's price would be powerful people in the media. For example, Trump could say something about Bitcoin, shoot the price up, or say something to shoot it down.
I think we cannot manipulate the price of bitcoin because their are site or manager that can manage the price or value of bitcoin. But we can own bitcoin. |
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Hernandezz
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January 07, 2018, 09:45:35 AM |
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The only people who can really manipulate Bitcoin's price would be powerful people in the media. For example, Trump could say something about Bitcoin, shoot the price up, or say something to shoot it down.
I think we cannot manipulate the price of bitcoin because their are site or manager that can manage the price or value of bitcoin. But we can own bitcoin. I think only people who have many btc who can manipulate the price because he can raise and lower the price. |
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Dannaey
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January 07, 2018, 09:46:57 AM |
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We can manipulate Bitcoin's price by following the Law of Supply and Demand. Just like what the whales are doing to manipulate a certain coins that will looks like many buyers are buying. Manipulators simply buy a large amount and sell.
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bitbunnny
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January 07, 2018, 09:50:55 AM |
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Many claim that Bitcoin price is and can be manipulated. This somehow makes sense if you think on fact that rather small number of people is holding the majority of Bitcoins and that gives them a space for manipulation.
Still I don't think it's so easy to manipulate the price and that individuals can't influence it without leaving a trace that would be very obvious. That leaves us a question whether Bitcoin is truly independent.
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zhelis74
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January 07, 2018, 09:56:38 AM |
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We can manipulate Bitcoin's price by following the Law of Supply and Demand. Just like what the whales are doing to manipulate a certain coins that will looks like many buyers are buying. Manipulators simply buy a large amount and sell.
For me its certainly no, bitcoin price cannot be manipulated since it is a kind of virtual currency then it all depends on how people use it like they buy or sell it more. So the law of supply and demand really affects the behaviour of bitcoin. |
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KrisAlex18
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January 07, 2018, 10:06:50 AM |
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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
I don't think it is possible to manipulate the price of bitcoin completely since it is considered as a decentralized currency. No one is controlling it but the demand of the people is the reason why it keeps on growing. We can help on making sure that bitcoin's value will not fall by supporting it still and keep on demanding and investing on it and it will surely keep on rising. |
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Watashi Yamashita
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January 07, 2018, 10:09:51 AM |
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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 are all aware that bitcoin's value is volatile and is changing over time. It is considered to be a good thing for the investors because there will always be a chance that their profit will keep on rising. Manipulating bitcoin's value is only possible if we will keep on demanding bitcoin and supporting it no matter what. It is quite unassured yet but it is still possible. |
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bird17
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January 07, 2018, 10:56:55 AM |
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News greatly affects the price of Bitcoin. Big players understand this and can manipulate this in their own interests
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Vatimins
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Blue0x.com
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January 07, 2018, 11:13:50 AM |
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Maybe a big group like 10-20 person that have many bitcoins can control or at least make a movement at the price of bitcoin, usually people called this person is "whale". Imagine if so many bitcoins suddenly sold or bought, it will make a change on bitcoin price for sure,
I agree, it absolutely is not impossible to achieve. But the thing is, it also is not something that will be easy to accomplish or can by done by simple people like us. But, if we talk about a huge number of people like us agreeing to buy or to sell at the same time, maybe like hundreds or thousands of people like you and me, then i think it will make a pretty huge difference in the price of bitcoin. Specially if some big players would also jump in. Also, even if we talk about just 30-100 big whales dping something, ir will also give a huge difference in the current price. That is what i think. |
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wireless1889
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January 07, 2018, 11:22:40 AM |
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Investors and big fishes can manipulate the 3% of the price of it, not totally to control but they can make it inflate and deflate. What really affect is the demand of the people, big demands tends to higher prices. It is totally manipulated by bots by great computers and it declares how will the price would be on that day , month or year.
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RedzoneASE
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January 07, 2018, 11:32:51 AM |
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Those already got hold of large amount of BTC can easily manipulate the price. Which is a good way of making profit. Hording is one of their technique.
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badungs
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January 07, 2018, 11:45:38 AM |
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yes you can and possible to manipulate it.
when you want higher price than sell order above the other, you are manipulate bitcoin price. every personal manipulate bitcoin price. but the people that have many bitcoin have high chance to manipulate it
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cryptojac17
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January 07, 2018, 11:50:59 AM |
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Maybe a big group like 10-20 person that have many bitcoins can control or at least make a movement at the price of bitcoin, usually people called this person is "whale". Imagine if so many bitcoins suddenly sold or bought, it will make a change on bitcoin price for sure,
I agree, it absolutely is not impossible to achieve. But the thing is, it also is not something that will be easy to accomplish or can by done by simple people like us. But, if we talk about a huge number of people like us agreeing to buy or to sell at the same time, maybe like hundreds or thousands of people like you and me, then i think it will make a pretty huge difference in the price of bitcoin. Specially if some big players would also jump in. Also, even if we talk about just 30-100 big whales dping something, ir will also give a huge difference in the current price. That is what i think. For me if those fishes invest Bitcoin there is point that bitcoin price will go down Bitcoin now is even bigger than a GNP of a nation. Big investor are manipulating bitcoin price would also mean that bitcoin is safer to invest. |
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ehrz22
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January 07, 2018, 12:10:12 PM |
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yes you can and possible to manipulate it.
when you want higher price than sell order above the other, you are manipulate bitcoin price. every personal manipulate bitcoin price. but the people that have many bitcoin have high chance to manipulate it
I agree, those group of whales always manipulate price of bitcoins also those altcoins that they supported. They can also make some news to make the coins price pumps. Anyway, but I think sometimes this strategies didn't work. |
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