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Author Topic: HONEST QUESTION: would YOU be tempted to manipulate BTC to make HUGE profits?  (Read 138 times)
NavI_027
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May 19, 2018, 10:03:05 AM
 #21

Honestly, I never imagined that I will be in the middle on that kind of scenario because I'm only a small investor first and foremost. But assuming that I have a huge investment in btc up to extent that it can cause changes on the price (though nearly impossible because I'm only a single entity) then I'm willing to manipulate the market because that's a great opportunity to make profits. Who doesn't want to earn more? No one, right?

Between the choices you've said, I'll go for the first one because that's not totally complicated to do since you are only relying on the simple "Buy low, Sell high" principle.

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May 24, 2018, 11:47:09 AM
 #22

people are moving with the current trend and making profit if they do so. that is not called manipulating bitcoin, the manipulation is already happening and what we do is that we take advantage of it as best as we can. anything else is out of the power of regular users who have only access to a small amount of money with accounts on social media platforms.

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May 24, 2018, 12:13:48 PM
 #23

What you have said can only be conceived. I think it is hard to do that, even a powerful financial consortium can not do it perfectly. The encryption market is really manipulated, and there are a lot of big whale, I will resist the temptation and not to add leverage, because I know it will be very dangerous.
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May 24, 2018, 12:19:44 PM
 #24

Means in this forum there are many people who are greedy. I see here many are tempted and want to manipulate market prices if they have the power to do so. That's normal because human nature is always dissatisfied with what it gets. But remember, greed always brings to misery, though initially looks fun.

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May 24, 2018, 12:21:30 PM
 #25

People have done that before in the past and probably still doing.... but without organic growth we still go back were we where before once these manipulations are over. Tbh by doing this we cheating nobody but ourselves!

Lets not forget manipulating bitcoin affects all other coins out there which is why we should discourage people from doing this as it erodes the confidence of crypto supporters.




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May 24, 2018, 12:25:01 PM
 #26

I know a lot of people hate market manipulation because most of us don't have the size to affect BTC price. But let's be honest here: suppose you had the power to control the price, would you be tempted to make huge profits by manipulating the price?

2 strategies:
1)
- you sell, btc goes down, you wait until it drops further then you buy cheap and resell after market corrects
- you buy, btc goes up, everybody FOMOs, you sell again

Let's say we're talking about 5% profit you can make per day.

2) you do the same as #1, but with 100x leveraged trading (BITMEX for example). Your profit is 10-100x higher compared to strategy 1, because you use leverage.

Let's say you can make 50%-500% profit here per day (!).

BTW: there are rumours that some big whales actually cooperate and time such events.


Would you guys be tempted to use your powers or would you not bother and let the crypto market grow by itself?








I think everybody must be looking for a profit, but is not it better to profit long-term profit from us looking for a moment's profit .. With us keeping cryptocurrency the same as we give long-term benefits to enjoy together for the future
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May 24, 2018, 12:26:08 PM
 #27

If I had the capital to manipulate the whole market, I think I would.
Because manipulating the market can bring me enough profit.
The pursuit of profit is every trader's idea.

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May 28, 2018, 08:24:58 AM
 #28

This is always has been in the very competitive world investments..It is survival of the fittiest...
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June 11, 2018, 05:15:56 AM
 #29

if it's like that I'd better create a new Exchange instead of manipulating the market, because my compassion is too great for those who have a bit of Bitcoin.

let the Whales dance as they want it, because I have my own stance to create market exchange and welfare broad community .
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June 11, 2018, 06:13:44 AM
 #30

I know a lot of people hate market manipulation because most of us don't have the size to affect BTC price. But let's be honest here: suppose you had the power to control the price, would you be tempted to make huge profits by manipulating the price?

2 strategies:
1)
- you sell, btc goes down, you wait until it drops further then you buy cheap and resell after market corrects
- you buy, btc goes up, everybody FOMOs, you sell again

Let's say we're talking about 5% profit you can make per day.

2) you do the same as #1, but with 100x leveraged trading (BITMEX for example). Your profit is 10-100x higher compared to strategy 1, because you use leverage.

Let's say you can make 50%-500% profit here per day (!).

BTW: there are rumours that some big whales actually cooperate and time such events.


Would you guys be tempted to use your powers or would you not bother and let the crypto market grow by itself?








Simple strategies like this can manipulate Shitcoins market but I doubt such a strategy will work to manipulate Bitcoin market
I want to manipulate the market if I have the power but I would think twice to manipulate the Bitcoin market with this strategy even though I have a lot of money to manipulate the market because I know that Bitcoin market has more power than me, So manipulating Bitcoin market is not as easy as manipulating Shitcoins market

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June 11, 2018, 06:45:10 AM
 #31

bitcoin market is already big enough that individuals on this forum who see this topic can not do anything about it including manipulation. but the answer is yes and there are many who are trying to do it at least. you can see a lot of idiots on this very same board trying to spread some bullshit thinking it is FUD LOL.

in any case most people prefer manipulating altcoins because it is super easy. they are small, there is not that many exchanges and some only have 1 small exchange listing them and everyone knows altcoins are pump and dumps so they are more susceptible to manipulation. there is also a lot more money there too but only if you know how to pump and dump them or at least know how to spot and take advantage of them.

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June 11, 2018, 06:56:13 AM
 #32

What i always wanted is to be equal and do a clean earnings. So why would i consider manipulating prices if i have the skills to earn by being honest with what i do. I have a family that needs to fed and because i love them more than anything else then i would stick with my principles to be a simple but responsible human being. I wanted to be a model in my children’s eyes and i promise myself that i will raise them with dignity.

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June 11, 2018, 07:29:04 AM
 #33

It is not that easy to manipulate a decentralized market that Bitcoin operates in, and the example you cited is a case of market strategy rather than market manipulation.
To be able to manipulate Bitcoin price, the party will need to have a strong influence and also hold hundred of thousands of Bitcoin.
If I have such powers, I won't need to manipulate since money is no longer my problem rather promotion of Bitcoin usage and adoption will be my focus.
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July 11, 2018, 10:07:25 AM
 #34

You have missed out on many options such as you buy while btc is up and you sell at btc is down, it's just in your imagination.
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July 14, 2018, 02:53:41 AM
 #35

Why does it only work in fairy tales? Does this happen in the cryptographic market?
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July 14, 2018, 02:58:03 AM
 #36

that is why altcoins were created Cheesy

the answer to your question is yes. but since people can't do that they started creating shitcoins so that they can control them, this is where the premining and ICO funds,... come in. then they started manipulating those. eventually we saw hundreds then thousands of altcoins in the market and they were being pumped a lot every day and the profit of said pumps were easily 50%-100% and more per day.

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