Big Money

[ModalMechanica]

If there are huge players involved in the btc market, cant they artificially manipulate its value in a similar way to banks or governments, by moving money around between different currencies? Is that artificial manipulation even? Isnt trading itself the problem, and not the centralization? I'm no economist so i'd love some clarification on this.

[Mike Christ]

They can try.  I forget who said it first:

Current System: There are whales, they try to prey on you.  When they fail, they make the public bail them out.
Bitcoin System: There are whales, they try to prey on you.

[saddambitcoin]

yeah dat big money prey on you

but u can hold on to the BTC you have and next year it will be worth 10x

trust me, at least 10 x

[Gtlord]

I think the fact that Bitcoin is transparent in it's formula i.e. with the blockchain, makes it harder for big buyers to manipulate prices without sellers noticing and being able to abstain from selling for the market price, although exchanges probably make it easier for such actions.  at least we can see whats going on instead of being totally in the dark when it comes to transactions

[Itun]

yeah dat big money prey on you

but u can hold on to the BTC you have and next year it will be worth 10x

trust me, at least 10 x

Yeah, it might be more since it multiplied in value by 10x in a month.

Only if I had bought some before... haha

[zilbergo]

Noone could control current fluctuation.

If you have loads of coins in hand, you can change however.

[Itun]

Noone could control current fluctuation.

If you have loads of coins in hand, you can change however.

If you have a lot of btc or fiat, you can change the prices.

This might not work to your advantage though...