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

[pantheraio]

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?

It will be difficult, it is like they can but they will not be able to manipulate bitcoin in the market. Only altcoin they can manipulate because the volume is still small compared to bitcoin. The point if you want to manipulate requires a lot of money.

[1715148817]

1715148817

[stayeduptolate]

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?

The valuation and the economic market of crypto currency is not fixed ever because the valuation of bitcoin and all other crypto currencies is governed by many factors and these factors plays a very crucial role in the flactuation and determining the real valuation of bitcoin and the most important factor is market demand and supply of bitcoin, greater the demand, greater will be the valuation and vice versa and there are other factors too like the number of investors and the whales and the amount they are investing into bitcoin etc.

[leavefifa]

The nature of Bitcoin and the electronic currency built on the Blockchain technology is essentially unchangeable. The Cryptocurrency market is volatile due to currency fluctuations. As an electronic market, Crypto also follows a number of commercial rules, such as supply and demand. Whales that hold large amounts of Bitcoin can manipulate this market through Bitcoin trading. They manipulate the Cryptocurrency market indirectly.

[gabmen]

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?

It will be difficult, it is like they can but they will not be able to manipulate bitcoin in the market. Only altcoin they can manipulate because the volume is still small compared to bitcoin. The point if you want to manipulate requires a lot of money.

Who says they can't? I'm pretty sure a lot of us are aware that it's not only possible, but it is actually happening. Whales don't only have a lot of alts, they of course have bitcoin as well. And if they want to, with the amount of btc they have, they can very well move the market they way they want to.

[Hairatuner]

The price of crypto is influenced by supply and demand. Maybe if someone wants to manipulate the price in order to go up, they buy lots of coins so demand on the coins goes up and prices start to rise, then they sell it when the price actually goes up.

[ParkSaezz]

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.

[icecream sandwich]

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?

I think so. People can manipulate if they know how to. Actually, whales or big investors is doing it at the moment to the price of ethereum. if you will just observe the price of eth it has constant drop and rise of price which lead me to the conclusion that someone is playing with the price of it.

[darkr]

The market of the cryptocurrency has been manipulated already. The whales (people that have the greatest amount of crypto) can buy 51% of the coins and let the market fall.

[1NV3ST0NM3]

Everyone is well aware of the fact that the virtual currency market is highly affected by the events happening around in the crypto market. So it is surely possible as you say, for a monopoly or an influential group of persons. All what is happening around the market has a direct or indiirect influence on the market prices. So it is quite possible to manipulate the market. But there is one thing to be noted in this context that you cannot manipulate the market exactly in the manner you want, it may also backfire, that is to say, something that you never expected may happen!

[carlisle1]

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?

If a person or a group holds more than a million volume of bitcoins then they can easily manipulate the market,or they cam create some news to mke the market goes up and down as we knew about the attitide of more cryptonians whos getting panicking and sells their coins and this will be took advantage by this manipulator’s

[BitcoinTurk]

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, all investors with sufficient financial power can easily control the price in this market. In particular, we can see that they make these transactions in the options that do not have too much transaction volume and they earn money as a result of these checks. Bitcoin price control has become quite difficult in the last 2 years, as market conditions and market volume are no longer low. Although difficult, the group of large investors can control this price at times. But we can see that there is no more price control over Bitcoin and investors are concentrating on other options. The lower the transaction volume of the designated cryptocurrency, the easier it will be to control the price, but the price controls in cryptocurrencies with very low trading volumes are not successful at times.

[zhanyiguai261315]

Since the first day of the birth of the cryptocurrency, there are traders who are manipulating the market!
Similar to traditional financial markets, market manipulation may be the most profitable thing for cryptocurrency investors.

[muddy waters]

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?

It's not just possible, it's being done all the time by whales who own large volumes of cryptocurrencies.
The way I see it is that they create panic and thus make people sell their coins at low prices. Then whales buy those coins back and pump the market.
Isn't that manipulation?

[Summation]

Yes, the current cryptocurrency can still be considered manipulated because it is not very expensive, and perhaps when the bitcoin rises above $500,000, the market will not be manipulated.

[spongegar]

I guess so. If you have tue money and influence to uy lets say all the available crypto currency of a specific coin then i guess it is possible to manipulate it, but to what end? Who will profit of you manipulate a coin that tou have a major stake in it? To raise the value? Maybe so. Then again, I don't know how these things work at all.

[andriw]

Of course, market turmoil is strongly influenced by issues, news, and movement of coin holders. Even fake issues are able to move the market, moreover that raises the issue is from an influential and powerful entity.