Bitcoin Forum
September 26, 2018, 01:46:07 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Could BTC ever be manipulated like Wall Street is?  (Read 1194 times)
justusranvier
Legendary
*
Offline Offline

Activity: 1400
Merit: 1006



View Profile WWW
January 05, 2014, 11:23:25 PM
 #21

It's far easier to break a promise than it is to break cryptography.

OK, right ... if you use SEPA and "long and poor delay" to wire money.
That why i use the "more" fast method of virwox ... but restricted by fee and amount of money.
I was talking about bitcoins but I suppose fiat matters too, I guess.
1537926367
Hero Member
*
Offline Offline

Posts: 1537926367

View Profile Personal Message (Offline)

Ignore
1537926367
Reply with quote  #2

1537926367
Report to moderator
1537926367
Hero Member
*
Offline Offline

Posts: 1537926367

View Profile Personal Message (Offline)

Ignore
1537926367
Reply with quote  #2

1537926367
Report to moderator
1537926367
Hero Member
*
Offline Offline

Posts: 1537926367

View Profile Personal Message (Offline)

Ignore
1537926367
Reply with quote  #2

1537926367
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
nastybit
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
January 05, 2014, 11:28:08 PM
 #22

And all the withdrawal delays on Gox suggest that they are ALREADY using a large amount of fractional reserve.  It's a little foolish to think they're not.

Maybe they use some money but I think gox also had real problems with bank accounts all over the world.
Not defending them ofc! Only time will tell
coinholic
Full Member
***
Offline Offline

Activity: 420
Merit: 101



View Profile WWW
July 17, 2018, 10:48:46 PM
 #23

Yes of course! No doubt about it. These manipulators are called whales as most of us already know. These whales are composed of the government and its affiliates, Banks (the Rothschilds and Rockefellers mainly), and all these other billionaires who could easily scoop up any coin they want! They are the masters of manipulation and they dictate the wave. All we can do is surf along with it...

r32godzilla
Hero Member
*****
Offline Offline

Activity: 821
Merit: 502



View Profile
July 17, 2018, 11:18:46 PM
 #24

There's nothing stopping this from happening right now. Mt Gox, Bitstamp, etc don't trade bitcoins on their order book - they trade database entries that represent bitcoins (and USD).

Any of them could trivially create as many database entries as they want to trade with and get away with it as long as not all their customers try to withdraw at the same time.

Wow, that's interesting!

But it still means the exchanges are the only ones who have the power to do that, right?

Why would all the customers withdrawing at once be a problem - is it because if they don't "have" BTCs, they don't have database entries representing BTCs either?


Yes we have already seen many Chinese exchanges creating fake trade volume and manipulating bitcoin price.

Suppose if an exchange creates fake trade volumes and manipulate bitcoin price to increase more and if all investors create sell order at the same time,it would become a big trouble to the exchange as they were the one who created such fake entries and responsible for the price.They might not be able to process the sell order of their users which would create a bad reputation for their exchange.

        ▄▄███████████▄▄
     ▄██▀▀           ▀▀██▄
   ▄█▀   ▄▄█████████▄▄   ▀█▄
  █▀  ▄███████▌ █▌ █████▄  ▀█
 █▀  ██  ██         ▀█████  ▀█
▐█  ██▀▀█████   ▄▄▄   █████  █▌
█▌ ▐██▄▄████▌  ████   █████▌ ▐█
█  ███  ████        ▄███████  █
█▌ ▐█▀▀████▌   ▄▄▄  ▀██████▌ ▐█
▐█  █▄▄████   ████   ▐█████  █▌
 █▄  ████           ▄█████  ▄█
  █▄  ▀████  ███  ██████▀  ▄█
   ▀█▄   ▀▀█████████▀▀   ▄█▀
     ▀██▄▄           ▄▄██▀
        ▀▀███████████▀▀
bitcore.
...The Future Is Now...
▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄

        ██
██████
        ██
        ██████
        ██
██████
        ██
        ██████
        ██
██████
                 ▄▄██
 ▄██████████████████████▄
█▀         ▄▄██▀▀   ██  ▀█
█▄     ▄▄██▀▀        ██  █
█▀█████████████████████████▄
█                          ▀█
█                           █
█              ▄████▄       █
█             ██▀  ▀██      █
█            ▐█▌    ▐████████
█             ██▄  ▄██      █
█              ▀████▀       █
█                           █
█▄                         ▄█
 ▀█████████████████████████▀
.
iOs
Android

        ██
        ██████
        ██
██████
        ██
        ██████
        ██
██████
        ██
        ██████


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███               ███
▐██   ▐█▄   ▄███▄   ██▌
██▌    ███▄██████▀  ▐██
██▌    ▐████████    ▐██
▐██     ▐██████     ██▌
 ███   ▀█████▀     ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███       ▄███    ███
▐██       █████     ██▌
██▌       ███       ▐██
██▌     ███████     ▐██
▐██       ███       ██▌
 ███      ███      ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███         ▄▄█▌  ███
▐██      ▄▄█████    ██▌
██▌   ▄████████     ▐██
██▌  ▐████████      ▐██
▐██    ▀▀████       ██▌
 ███     ▀██       ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀
Website
ANN
Block Explorer
Dexion
Full Member
***
Offline Offline

Activity: 406
Merit: 101



View Profile
July 17, 2018, 11:19:51 PM
 #25

I think we see a lot of market manipulation happened, because today, market conditions are very weak for crypto, Mt.Gox is one of the markets that get price manipulation, its trading volume suddenly rises high, and anyone can manipulate prices, whales, hacker.

and this manipulation greatly affects the market and the crypto value.

kent47400
Newbie
*
Offline Offline

Activity: 182
Merit: 0


View Profile
August 02, 2018, 04:07:59 AM
 #26

my experience for Altcoins is often manipulated but for Bitcoin I have not felt nay when manipulated.

unless I see the price at Bitfinex, the price of Bitcoin goes up sharply and prices go down dramatically.
all of it is needed with an average volume of 1000 Bitcoin, there may also be a price manipulation there. (but who knows)
elygil2022
Jr. Member
*
Offline Offline

Activity: 140
Merit: 2

REMIIT.IO


View Profile
August 02, 2018, 04:46:52 AM
 #27

Wall Street has safeguards against manipulations. Why would they risk losing the trust and confidence of investors? Bitcoin needs regulations to become mainstream and protect the investing public. From scammers, not governments. Only criminals and paranoid conspiracy theorists are afraid of governments.

▀▀▀▀▀▀▀▀▀▀▀▀▀▀
REMIIT.IO ║ Decentralized Remittance & Payment Platform (https://remiit.io/)
▄▄▄▄▄▄▄
SnapDown22
Sr. Member
****
Offline Offline

Activity: 574
Merit: 250


Capital Technologies & Research


View Profile WWW
August 02, 2018, 05:28:18 AM
 #28

I got the idea from another thread around here:

What would be the banksters best shot be to manipulate BTC as they please?

As I see it, there are no derivates on BTC. On the other hand, who stops me from giving out/selling a future myself on the price of BTC in 6 months?

Gold is hardcore manipulated, a big part of it is done with naked shorts. At least that's not possible with BTC, if I see it clearly.

The question is if we should be concerned about JP Morgan ever taking over BTC like they have taken over silver and gold and controlling it.
if it can be manipulated I think there must be parties who benefit and there are also the disadvantaged, I think manipulation is a difficult thing to do because we know that we can not know for certain that the sale and purchase occurred


▄▄▄██████▄▄▄
▄▄████████████████▄▄
▄█████▀▀        ▀▀███▀▄▄
████▀    ▄▄████▄▄    ▄████
████   ▄████████████▄███████
████  ▄████▀▀    ▀▀█████▀ ████
███  ▄███            █▀    ███
████  ███                   ████
████  ███                   ████
████  ███                   ████
███  ▀███            █▄    ███
████  ▀████▄▄    ▄▄ ████▄ ████
████   ▀███████████ ▀████▄▀█
████▄    ▀▀████▀▀    █████
▀█████▄▄        ▄▄█████▀
▀▀████████████████▀▀
▀▀▀██████▀▀▀
C A P I T A L         ▄▄▄ ▄▄▄
         ███ ███
         ███ ███
 ▄█▄    ▄███████▄
▀████▄███▀▀   ▀▀███▄
  ▀████▄ ▄█████▄▄ ▀██
  ▄ ▀█████▀   ▀▀██▄
  ██  ▀████ ▄██  ▀
  ██ █▄ ▀ ▄█████
  ██ ██   ▀███▀
  ██ ▀█▄ ██ ▀ ███▄
   ██ ▀██▄▄   ▀████▄
    ██▄ ▀▀█████▀▀████▄
     ▀███▄▄   ▄▄██▀████▄
        ▀███████▀   ▀█▀
         ███ ███
         ███ ███
         ▀▀▀ ▀▀▀
    ██
    ██
    ██
█  ██ 
█  ██ 
█  ██ 
█  ██ 
█  ██ 
█  ██ 
    ██
    ██
    ██
pumbum
Full Member
***
Offline Offline

Activity: 364
Merit: 100



View Profile WWW
August 02, 2018, 07:55:29 AM
 #29

if the manipulators of the course too much drop the course, we will be able to talk about bitcoin to our children as a failed way to get rich and buy lambo. But seriously, the manipulation of the rate can really threaten the stability and faith in bitcoin, as a currency that can change something in the future

Centola544
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
September 22, 2018, 01:56:53 PM
 #30

If they have borrowed property or given an option to cover, it's not. well ... when i have 5 BTC in my wallet on my bitcoin-QT software ... it's not a database. bitcoin will survive again "big sale" ... the computer industry's traders do this.
basici
Jr. Member
*
Offline Offline

Activity: 51
Merit: 1


View Profile
September 22, 2018, 02:04:27 PM
 #31

I think that bitcoin and crypto currency are even more manipulative than we can imagine

●●⚫  CRYPTONITY  ▐|  The Crypto Community Exchange ▐|
Public Sale 1 Starts: Nov 1, 2018 ▐|● https://tokensale.cryptonity.io
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!