Massive bitcoin manipulation possible?

[xingqiaoyin]

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

It is hard work to convince other rich billionaires and other powerful people to meddle with bitcoin market, for many of them bitcoin is plutonium they dont want to touch it. Warren Buffet for example he spoke about bitcoin many times and got it wrong. There are many billionaires who embrace bitcoin today but it is harder for them to meddle the market than compared to 2014 when market cap is under one billion dollars.

[1715043374]

1715043374

[Maxre]

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

yes it is possible, thats why we have whales. whales are group of people or individual that is so powerful and extremly rich that he buys a massive amount of bitcoin to somehow manipulate the bitcoin markets. not only bitcoin but also some other coins like bitcoincash which was happened lately.

now depends on each individual.
willing to follow the waves or hold the waves.
at this time we will feel a big profit or loss depending on your choice.

[fiulpro]

OFFCOURSE !
There is no doubt in it !
No matter how foolproof anything is .. People do find ways to manipulate it according to themselves.
Even right now u have the example if segwit2x where the bitcoin team decided to gain more profit themselves by splitting the bitcoins and fighting for the real bitcoins !
And suddenly it was called off..
Everything is sneaky if you look closely.
There are banks and investors manipulating it behing the scenes and the genral public suffers for the sake of their so called profit ! That too self centred.

[bettor_earth]

Of course it is. I have connection with all of them. All the banking & money system is control by 1 group.
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[layoutph]

The answer is yes,  a price can be manipulated by market whales,  just like what happened yesterday.  Roger Ver used his 300k btc to pump bitcoin cash from his wallet.  if you have a huge btc like that you can pump any coins you want.  

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

[Oilacris]

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

It is hard work to convince other rich billionaires and other powerful people to meddle with bitcoin market, for many of them bitcoin is plutonium they dont want to touch it. Warren Buffet for example he spoke about bitcoin many times and got it wrong. There are many billionaires who embrace bitcoin today but it is harder for them to meddle the market than compared to 2014 when market cap is under one billion dollars.

Chances would really be there on which bitcoin can really be manipulated if big players are deciding to join up with this thing but come to think off that most of them wont really bother to invest on bitcoin. Those people can possibly manipulate prices since they do have the capability on doing such thing and knowing 1B price allocated will really affect the market for sure.

[yamortsac]

i think they can, there 's a possibility that they can manipulate the price of bitcoin, since they have a lot of money they can do anything with the use of money. They can buy lots of bitcoin and this surely affect the markets.

[honeyb0y]

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

Of course it is and it is in fact happening right now, you can see that the only prices that are having a
large trade are BTC and BCH. Manipulations made by whales are for their own interest and gain.

[FrueGreads]

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

Yes it is possible. Right now the bitcoin market is still very young, and has low liquidity, so it can be manipulated buy big investors. Of course that as adoption takes place, it will be harder and harder to do it. As soon as institutional money starts pouring into bitcoin, I think that only Satoshi Nakamoto, could influence the market with his 1.5M stack.

[kodtycoon]

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

as we can see recently the price of bitcoin dumped and BCH pumped, I'm sure it's a game of a bunch of billionaires who manipulate the market. But now we can see bitcoin prices have recovered and BCH back dump. I would not worry if it happened because it was just a game.

[faceoff97]

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

Yes they could manipulate the value, just like what just happened. They pre-planned and organised an attempt to make a new coin to gain demand from people through making sudden change of value. This may affect bitcoin value causing people to panic and transfer to othee coin. On the other hand, bitcoin is still not dependent on rich people. Its value is still based on its investors and supporter. Few people could manipulate it in a short period of time just to make panic, but that wont be the reason to make it crash.

[diouf67]

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

Sadly this is all too possible and it's all too likely that this already happens, in any market there is the potential for large players to influence and manipulate the market in ways that are favourable to themselves. Sadly in this life most things are premeditated.

[seizetehday5]

Not only can they do that but I also imagine they are actively doing this a lot. Maybe not always with bitcoin but altcoins for damn sure. There is not much liquidity in many alts and once you go past the top 50 or top 100 things can be manipulated quite easily. Be weary of the coins that have small volume but huge market caps those are for sure traps, dont fall for it!

[nenuakak]

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

With a ordinary currency they can precisely manage. But I do not know with bitcoins, it seems that here it is necessary to get powerful specialists of IT

[szpalata]

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

as we can see recently the price of bitcoin dumped and BCH pumped, I'm sure it's a game of a bunch of billionaires who manipulate the market. But now we can see bitcoin prices have recovered and BCH back dump. I would not worry if it happened because it was just a game.

If it was a game the BCH has lost bitterly and they will continue to loose in any future attempt to reduce bitcoin. The price of bitcoin has began recovering and i know it's going to exceed the previous rate before it started dipping.

[loragean03]

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

of course that's a possible, more whales can manipulate the price of bitcoin on the market so the cause is more pump and dump. not just on a pump and dump, whales can manipulate bitcoin from creating fake news, to make us small investors to panic and do a lot of massive dump to make bitcoin price down and that the time whales takes an action to buy more bitcoin and hold until the price goes up. very impressive is in it,

[Redanim]

Of course, this is not something that is possible, but it really is. Bitcoin rate exactly depends from these big players. Most people thinking that bitcoin rate falls only because of forks, but it falls down not worse because of investors. There are many investors which are investing billions and because of this bitcoin rate is falling, that how system works.

[sunsilk]

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

Yes, if they have billions of dollars invested to bitcoin they can totally manipulate the market of bitcoin. If you know who Roger Ver is, there he goes and him together with his team doing it for so many times.

You noticed that bitcoin cash pumped too much and that's what he did, they did pump bitcoin cash and wanted bitcoin to take over but that hype is over.

News are also affecting the price of bitcoin, when there are bad or good news there's an impact.

[vicvicto17]

Yes there is even if you don't look the chart some times bitcoin is manipulated by big whales. so strong hands always win here when pulling bitcoin in a exchange. weak hands are always crying.. so better stick to fundamentals, always read news about bitcoin

[athanz88]

Would it be possible for a group of extremely rich billionaires & other powerful individuals to manipulate the bitcoin market? e.g. Pump and dump, exposure to news networks, lobbying for favourable bitcoin regulation,etc

It is possible if you can make a big community with a big money in their hands on bitcoin. There are some ways that can make this things happen, such as :
1. Pumping another coin by shifting their money to that coins.
2. Making a fake news so people panic and sell their bitcoin.
3. Selling some of their bitcoin to real fiat currency.
That is what i can think of the way to manipulate bitcoin prices. Big people really can manipulate the prices, since they have a lot of money on bitcoin and, sometimes big people are friends in real life, so they can arrange and make this happens. But i hope they dont make it often
For small investor like us,it is a scary things to face, but i hope we can make it through wtihout panicking and making a bad decision over it.