Is Bitcoin Price Manipulated???

[kyori]

Hello Folks , Some how came to know one interesting link regarding bitcoin price surpress/ manipulation , Cartel in Cryptocurrency. Well what these post saying is not negligible please add your opinion and views

This is Must Read post for every crypto
https://medium.com/@super.crypto1/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a




Must read

I believe that bitcoin is being manipulated by a hidden group because how can bitcoin soars really high in just a month then drops it to the bottom, no one would love to see bitcoin drops more than 50%.

[LogitechMouse]

For me, it has been manipulated by a group of rich people and maybe government officials. In my observation, when the time comes that bitcoin is starting to rise there will be time that it will fall down again and then repeat. As we can see now, bitcoin hasn't rise that much within the last month. Maybe this is because of the manipulators who are manipulating the market at this moment.

[Christian Lagarde]

Personally, I doubt very much that the price of bitcoin is manipulated. Let's not forget that this currency is based on a decentralized system that is the blockchain. To read the article, I have the impression that the author has omitted many things about the value of bitcoin. I remain skeptical that bitcoin is being manipulated, because it is this decentralization of blockchain technology that pushed me to invest in this digital currency as I currently do on the exagon site.

[sergeykravcov177]

Of course, he is at that stage that it can be manipulated not by what is at the price of him but by people so that they buy bitcoin and do not stop

[Dudeperfect]

It is possible to manipulate the price of Bitcoin but the group should have the capital in billions to do so. I don't think that it's that easy but as we have recently experienced the game of big whales that pushed the price of Bitcoin and then the correction when whales decided to take the exit. It is comparatively easy in alt-coins but difficult in the case of Bitcoin due to high market capital.

[nskendrovic]

Of course the bitcoin price is manipulated otherwise how do you think the coin has such crazy volatility? With no regulatory over watch the price is bound to be manipulated. But this manipulation is good for the bitcoin project as it is what attracts many people to bitcoin.

[eaLiTy]

For me, it has been manipulated by a group of rich people and maybe government officials.

The people who have the ability to manipulate are indeed rich people, if not for their assets how on earth are they going to manipulate, this is nothing new, when the stock exchange initially came into existence, it was a wild market with a lot of manipulation and there are manipulations even now and how can we neglect this fact in the bitcoin market when there is literally no rules and regulations.

[jagdeepjd]

I also read this article which is a very indepth article with lot of information. I used to believe that bitcoin price is manipulated by the whales who has lot of BTC but afte rrading this theory of cartel i am taking this game seriously now. We have to sharpen our knowledge and skills to survive in this market.
We cannot be just sitting and holding on to the coins and expect those gains which we saw in 2017.

[Rotsor]

Who has a doubt that the Bitcoin price isn't manipulated? If it wasn't for the manipulation we wouldn't see sky high prices we saw few months ago and we wouldn't see rock bottom prices which provide a opportunity to get at cheap prices.

[1C6fV5DtakfKANLJ8GUV7hCaA]

Those with large sums  of money in Bitcoin can affect the price as of the moment. Whether they are a group with good connections to the media or individuals trading privately. As of now, we can obviously see that large companies are trying to bring Bitcoin down. This is the reason why the price haven't recovered since the bans of cryptocurrency related advertisements.

[freesia_pnp888]

a truly interesting post indeed, however it's all just theories and controversies.

[kucritt]

maybe bitcoin hard to manipulated, why? because if you want to manupulated bitcoin price you need to have big money and big capital to amkes the price high or low, and we know that the price of bitcoin is bery expensive, if the other token and other altcoin maybe it can manupulated because the price is not expensive like bitcoin and the market about that altcoin still rare, so the "big whale" can play the price of that token or altcoin

[FsJsxy]

There is an interesting article on the Internet about the cartel that manipulates the price of bitcoin, I advise you to read. I think now while capitalization bitcoin not big, there is a probability that they are manipulated

[cellard]

I've seen the article before, and I agree that there is manipulation going on, but im not sure to what extent. What im sure of is that the elite can't stop Bitcoin, they can only temporarily manipulate the price, and if they want to continue being a major force in Bitcoin they MUST own big amounts, similarly, they own big amounts of gold.

So it's on TPTB's gain to actually have a BTC worth $1,000,000 per coin, if they are the biggest owners. If they don't do it, someone else will.

[MoonJeina]

There is certainly some level of manipulation on bitcoin by cartels but i don't thin that it is very huge .
The major reasons why bitcoin gets so much fluctuating prices , ups and downs  is because of the events surrounding it and all the negative and postitive influence of the external environment . There are phases of bitcoin in a year and from past few years it has been following the same pattern , that might also make things clear . Moreover governments , bans etc. also plays a major role in it.

[djpitagora]

Manipulation is nothing new in Market. There may have little manipulation in Crypto too. But I don’t think not in any form of Cartel. This is just mare speculation. It’s pretty tough to manipulate a market that is based on decentralization.

any market can be manipulated. The financial market it's self is pretty decentralized (even more then bitcoin). If you think of it over 50% of the BTC mining market is in china and is controlled by 4 organizations. What financial market in the world is more at the whim of so few people? Can you imagine the potential for inside trading here? And what's worse is that because of the de-regulation and pseudo-anonimity of bitcoin this is neither illegal, nor easy to prove. You wanted total freedom with your money? You have it. No rules other then jungle rules. Survival of the fittest.

[natka]

Manipulation is nothing new in Market. There may have little manipulation in Crypto too. But I don’t think not in any form of Cartel. This is just mare speculation. It’s pretty tough to manipulate a market that is based on decentralization.

any market can be manipulated. The financial market it's self is pretty decentralized (even more then bitcoin). If you think of it over 50% of the BTC mining market is in china and is controlled by 4 organizations. What financial market in the world is more at the whim of so few people? Can you imagine the potential for inside trading here? And what's worse is that because of the de-regulation and pseudo-anonimity of bitcoin this is neither illegal, nor easy to prove. You wanted total freedom with your money? You have it. No rules other then jungle rules. Survival of the fittest.

it is clear that the market has always been manipulated and thus affects all users. Despite the fact that they believed that Bitcoin would never affect the pricing of another crypto currency, but nevertheless it happens. Today, large whales throw a huge amount of bitcoin into the market and thereby make a collapse in prices and a drop in the market.

[exstasie]

any market can be manipulated. The financial market it's self is pretty decentralized (even more then bitcoin). If you think of it over 50% of the BTC mining market is in china and is controlled by 4 organizations. What financial market in the world is more at the whim of so few people?

That wouldn't give Chinese miners control over the market. All miners can do is add (or shut down) hash power, order transactions into blocks, and sell block rewards on the market. Miners do not control the supply. Like any "whales" in the market, they can only sell for so long before their supply is distributed (if the intention is to suppress the price).

The "4 organizations" bit is misleading too. Just because a pool possesses hash power at this moment doesn't mean it owns the mining hardware. We have no idea how distributed mining power is. At the drop of a dime, a lot of mining power pointing at Chinese pools could be pointed elsewhere.

[gabmen]

I don't think it can be avoided. There are always people with enough assets to move the market and that applies even outside of bitcoin. We small fishes would have to learn how to swim with the waves these people create.

[KorakPawon]

it could have been manipulated to expect a bot in charge of buying bitcoins at random prices and not paying transaction costs like consumers, and that's how it's done so that bitcoin prices can go up. The high transaction generates a "false" signal to the market, because it seems as if the bitcoin needs are increasing dramatically. The investors who do not know the behind-the-scenes events then respond by buying bitcoin as well. As a result, bitcoin prices jumped almost 10X in just two months.