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Author Topic: Bitcoin rising to 600$ , pure manipulation ?  (Read 7015 times)
HarryKPeters
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September 14, 2016, 08:55:45 PM
 #81

Two months ago it was $400 and now its $650; sure there are drops but there are not really that huge.

Two months ago the price was 650, and now it is 611.
So now after the hack the price has recoped quite a lot. We just need 40 dollar and we got a price we can embrace; both bulls as bears.

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September 15, 2016, 08:53:39 AM
 #82

I want the Bitcoin price to reach $1000 soon, I thought that it was going to happen the last the Bitcoin was rising but it only made it to $800.
Next I time I am sure that it is going to reach $1000.

Don't worry bro, As we see many speculations It's just stating that bitcoin price will upto 1000$ this December month and stability we can't say that. Future halving will big price and almost bitcoin will become the one of the best around the world tht time.

Isn't that the same thing everyone was saying before the halving block reward of July 2016 happens ? and as you can see , nothing really happened to the price . So yeah , I'm not sure what would change in the upcoming halving .
Miners should be the one who control the price as they are the one generating Bitcoins , I assume they are satisfied with the current earnings.

Are gold mines in control of gold price ? I don't think so.

                                 
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September 15, 2016, 10:04:34 AM
 #83

12 hours ago (before I go to sleep) , the price was something like 575$ If I remember right , I woke up and found it 600$ (using preev.com rates) .
What could cause this price increase ? I checked some news websites and I couldn't find any obvious reasons , the only thing I read and I found interesting is Bitfinex paying their customers back from the HACK but I'm pretty sure It has nothing to do with the increase.

No one really knows why. Some will say that it was because Bitcoin's volatile nature, others would cite political or economic reasons, then some would base it on recent events. Most of you have followed Bitcoin long enough to know that none of the reasons said is the exact reason why Bitcoin moves the way it does. So saying that you think it was caused by "pure manipulation" could be true or not true just like all the other reasons.



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September 15, 2016, 02:53:33 PM
 #84

I don't think the current price is the result of manipulation might look like it but we have to think the current price is the most fair for the miners cover the cost of electricity.

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September 15, 2016, 02:55:20 PM
 #85

It is steadily rising so I don't think it has anything to do with price manipulation.
If it was spiking upwards then I would think it could be.
But as far as it is now no.
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September 15, 2016, 03:29:15 PM
 #86

This is not manipulation this is because alot of people are buying into bitcoin hence the price increase. But it dropped already because alot of people panic sell trying to grab the littlest profit that they can which is dumb because we are going to be set back again because of this.
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September 15, 2016, 03:49:13 PM
 #87

I don't think the current price is the result of manipulation might look like it but we have to think the current price is the most fair for the miners cover the cost of electricity.

wealthy traders don't care about miners when they pump or dump bitcoin. all they care about are their profits. the price right now is just recovering from the bitfinex dump. just before the dump started the price was around the $650 price level. so were on the right way now.
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September 15, 2016, 06:43:50 PM
 #88

This is not manipulation this is because alot of people are buying into bitcoin hence the price increase. But it dropped already because alot of people panic sell trying to grab the littlest profit that they can which is dumb because we are going to be set back again because of this.

I am not sure it is all about people buying bitcoins. For some reason I am certain some whales try to get the price as high as they can.
Probably the miners since when the prices goes down too much they may well close their shop and lose millions.


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September 15, 2016, 09:48:30 PM
 #89

Or maybe the community is gaining more confidence in bitcoin Shocked

What did you think, bitcoin will stay at $570 for the rest of the year? I remember at the start of the year bitcoin jumped from 500-600 in mere days.


 
 
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September 16, 2016, 09:05:47 PM
 #90

I do not think its a manipulation, its just that we need some time to go more up, right now we will stay around this number and go higher in about a few months.
I really have faith in the bitcoin and it has a good future so keep patient people.
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September 20, 2016, 07:27:33 AM
 #91

I don't think the current price is the result of manipulation might look like it but we have to think the current price is the most fair for the miners cover the cost of electricity.
yes i am  also agree with you, i also think that the price of bitcoin is really not the effect of manipulation because it is not so easy to manipulate the price of bitcoin, because it is not a legal currency, it is really a universal currency, i will like to say that the price of bitcoin was effected by the bitfinex hacking and now the price is going to recover its previous position..
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September 20, 2016, 08:05:12 AM
 #92

I do not think its a manipulation, its just that we need some time to go more up, right now we will stay around this number and go higher in about a few months.
I really have faith in the bitcoin and it has a good future so keep patient people.

You can say it's 'partly' manipulated. We all know people/organizations who have stashes that when disposed off in chunks could destabilize our economy.

But yeah, that aside, I kinda have a feel that this level is natural too.

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September 20, 2016, 08:12:02 AM
 #93

I do not think its a manipulation, its just that we need some time to go more up, right now we will stay around this number and go higher in about a few months.
I really have faith in the bitcoin and it has a good future so keep patient people.
Yes I don't agree that is manipulation of Bitcoin price because im researching about bitcoin that bitcoin have more buyers than sellers now so I consider this why Bitcoin price increase.
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September 20, 2016, 08:19:27 AM
 #94

I heard some pros saying that bitcoin hit $1200 in the past because it was manipulated  by MT.Gox , back then there wasn't any big exchanges and it was pretty easy to be manipulated. In the present scenario, it will be a lot harder to manipulate the bitcoin price so we can rule out "pure" manipulation. Having been said that,  bitcoin does have some element of manipulation in it, but I cannot say how much it is. Look at something that has no inherent underlying value or anything to back it up, it's value is purely based on demand and supply and both demand and supply can be manipulated.

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September 20, 2016, 08:31:05 AM
 #95

For me its not a manipulation because all of us bitcoin holders does affect it especially to those  huge amount holders. Price does depends on the supply and demand. I dont think theres a manipulation which someone could able to control it. If it does then  bitcoin is not decentralized at all.



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September 20, 2016, 02:36:15 PM
 #96

I dont think it is just manipulation because you can do allot of things with 600 dollar and the bitcoin price is always around the 600 dollar and now even moire than 600 that is great dont you think so?
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September 20, 2016, 03:58:11 PM
 #97

Well, I don't know is it a manipulation or not. But for the last time, i think it's a manipulation, because the price only rising for a short time than go back to normal under $600 again.
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September 20, 2016, 05:05:23 PM
 #98

I dont think it is just manipulation because you can do allot of things with 600 dollar and the bitcoin price is always around the 600 dollar and now even moire than 600 that is great dont you think so?

and why what you said should remove the fact that this can't be manipulated? the price is indeed manipulated when you see always the same pattern in the pump and dump, i think the price is more genuine when there is a dump due to bad news lol than anything else



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Rainbot
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September 20, 2016, 06:00:19 PM
 #99

bitcoin rising back to 600 plus usd  is not pure manipulation.  It maybe because of bitfinex rising up again due to the recent hack and refunding their users, in my opinion it is  a plus in bitcoin economy.  Another reason is that bitcoin is in a stage of price correction where bitcoin price is moving towards it real value at the current stage.

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September 20, 2016, 08:50:25 PM
 #100

bitfinex stability after the hack is the main reason for bitcoin going over 600$

there where prolly more updates as new bitcoin wallet, and also the summer is at the end most ppl next cash they earn gona invest back in bitcoin after the summer, only insane will try to short now Smiley

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