Is it possible for someone to manipulate the virtual currency market?

[paul00]

Digital currencies such as bitcoin seems to be endless. Maybe because there is no actual regulation or law that this abides. Hence, I think gaining a monopoly out of it is possible but would be hard since there are also other people who would do the same and right now I am not really sure of how big will be its impact on the community.

[longskie0327]

Yes I think it's possible we never know who's up there to rise and fall of price value we also never knew  has the big influence and to manipulate it but its possible, considering that they're the one who really knew how it can be done with out us knowing it, there are factors contributing to it, people,investor, the technology and all that they can bw all.part of it. Although we can really can tell how is it.

[ss890]

Digital currencies such as bitcoin seems to be endless. Maybe because there is no actual regulation or law that this abides. Hence, I think gaining a monopoly out of it is possible but would be hard since there are also other people who would do the same and right now I am not really sure of how big will be its impact on the community.

Indeed thats what happening at the very moment. The decentralisation or in simple terms "no regulations" over the bitcoin are making the way for rich people to create monopoly in the world of crypto currencies. This gives them one step ahead as they got the pre-requisite which is nothing but money and load of money. What they needed to cook the recipe was decentralised nature of the bitcoin with which it was brought into existence.  There you go start of the monopoly.

I am not really sure of how big will be its impact on the community.

No one can tell surely but I believe when we see massive pumps and dumps, they are the result of such monopolies.

[Butchick]

Since one of the things that greatly impacts digital currency is the demand vs. the supply, then most probably, it is possible for manipulation and monopoly to occur. People with huge shares or holdings more likely have the power to do such thing especially when they decide to sell a huge amount of its holdings. Situations like this is very much normal and happens almost all the time.

[mersal]

Sure it is possible because the price of crypto currency is based on demand and supply then they can manipulate it and it can be done by decreasing the demand or increasing the supply.

[Ondre]

Yes it is possible, specially those who owns a big amount of stocks in the market or has high position in the market who has capabilities to control. And the fact that crypto currencies value will rise and fall depending on the demands and supply of the day. that is why it can be manipulated.

[Coleth]

It is possible, there are people who hold small and large stocks in the market so, those people who have large amount of stocks are possible to control this because they have the ability due to their large amount of money. And it is always depend on demands and supply in the market in a day. All those that have currency value can all be manipulated due to the rise and fall of currency values.

[elvirecam430]

It depends on which virtual currency. For example, Bitcoin and ETH are very popular and held by many users evenly, it would be hard to manipulate the market. Moreover, there is no benefit for those holder for manipulating the currency since all holders want the price rising.

[jeanne513lefe]

Yes, it's quite possible!! Because there is no existing perfect market around the whole world, any entities who are powerful enough can largely influnce the market supply and price. Acutually, we can find lots of monopoly in different countries. Even for digital currencies, there is still concern on if they will be controled by a few strong
exchanges which enter the markets much earlier and have much more knowledge.

[AltheaHeart14]

Yes, it is really possible for someone to manipulate virtual currency depending in what cryptocurrency,  if someone invest or hold a lots of coin then withdraw it, it will affect that specific currency market. This is thing was really happening in market industry so i think it is possible also to happen in virtual cerrency market.

[Bitexpert2017]

Of course, having a large amount of Bitcoin can manipulate the virtual currency market.

[Ann Impas]

That is really possible, if a big entity or a very rich person holding a hug chunk of the token. He definitely could manipulate the market. But what I see now is that there are investment that has minimum and maximum purchase of every individual and they even verifying the person. But yeah, its possible.

[MoneyCrafter]

Yes it could be, it's one of the negative thing about crypto, because its decentralised so the market able to be manipulated.

[sachdientugoogle]

With the right resources - it is relatively easy (for now) to manipulate crypto currency price.

It’s another reason why one should always be careful of what they’re investing in.

Factors such as:

how much influence in media one has
how many tokens one / a group of connected individuals have
market cap of the token in question
trust / believability
how much one is willing to spend on said manipulation

[Nfp]

If an entity is large and powerful enough, is it possible for it to gain a monopoly advantage and manipulate the rises and falls of the virtual currency market?

Yes it could be possible, but only for those who are most influential people that are holding a huge amount of cryptocurrency. They can make to manipulate the market value of a cryptocurrency by just selling and buying a huge amount of cryptocurrency they like.

[elena_rose19]

Yes it's possible. If someone holds a large amount of certain cryptocurrency a single move if his coins can easily affect the value.

[el kaka22]

If an entity is large and powerful enough, is it possible for it to gain a monopoly advantage and manipulate the rises and falls of the virtual currency market?

Monopoly? Not exactly, if you take monopoly as in a monopoly form of market where there is only one seller /a cartel or a company selling a same product /service at different prices to different people.
But manipulation, definitely yes. Monopoly advantage like you said is possible and does happen in the markets every day by the bulls, what we call as whales in the cryptocurrency markets.

I feel they both go hand in hand. You think we do not have a cartel already ? This is not one person, they are probably some group of big holders who are in the market making the decisions and basing it on the emotions running through the chart at most times. One thing I have noticed is there will always be a form of monopoly as some will always have the highest advantage and the weak hands have really given them that advantage already.

If we are thinking of holding a huge portion of it, we are not talking about a single holding of probably 500 BTC here as a lot of them hold more than this. But in the long run of it, they are always the one making the real market while the rest of the traders are just following put, so at the end of it all, we just have to keep watch.

[SmokerFace]

If an entity is large and powerful enough, is it possible for it to gain a monopoly advantage and manipulate the rises and falls of the virtual currency market?

Yes ofcourse! They can manipulate and control the market because they have a very huge capital, The movements of the market is depends on how many Volumes it makes so you can manipulate small investors if you have a high capital.
It means if that you invested 70% or more of someones circulating supply of their coins it means that you controlled the movement of that coin because other supplies are on your portfolio.

[Whosdaddy]

If an entity is large and powerful enough, is it possible for it to gain a monopoly advantage and manipulate the rises and falls of the virtual currency market?

Is it even a matter of if it is possible or not? It is already happening. How do you think the market was pulled down completely just to shed away weak hands and for that to happen at that level and up to that level, I am not surprised at all that the market is manipulated by whales.

They already have the monopoly advantage and this would keep on as long as we keep having some FOMO movement in the market for no reason.

[Bestfriendko]

Someone or something?, very much possible. A new report from The New York Times this week suggests that Bitfinex, a virtual exchange, and its currency, Tether, have been helping to artificially prop up the value of bitcoin and other cryptocurrencies. A market analyst says that, "This absolutely reeks of price manipulation". Still, there’s almost certainly too much uncertainty at this point for the price to stabilize.