Do we too contribute to price manipulation by storing our bitcoins in exchanges?

[r32godzilla]

We all have advised these much days others not to store bitcoins in exchanges as they might get hacked.

But is this the only issue we are facing or do we all contribute to price manipulation by storing our bitcoins in exchanges.

So in order to avoid exchanges from using our bitcoins and manipulating price,we should immediately transfer our bitcoins to our wallets.

Unless we are going to trade immediately our bitcoins,we should not store our bitcoins there.

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[Kakmakr]

Yes we are also guilty of manipulation, but the difference is that we are not deliberately doing this to manipulate the price. We store bitcoins on these platforms to secure them and also to have them readily available for the moments when we need them for trades.

Most people advise against traders storing large quantities of bitcoins on exchanges, but it is unavoidable if you want to have these coins available for sell orders. <It is also more convenient>  

[hatshepsut93]

It might be happening on some smaller exchanges, but I doubt that the big ones like Coinbase are doing something like that, if they run something like fractional reserve, they risk to get seriously rekt which would mean jail time for all the people involved. Exchanges are actually very profitable, so why would they risk everything in order to get some more profits?

[lizardbtc]

We all have advised these much days others not to store bitcoins in exchanges as they might get hacked.

But is this the only issue we are facing or do we all contribute to price manipulation by storing our bitcoins in exchanges.

So in order to avoid exchanges from using our bitcoins and manipulating price,we should immediately transfer our bitcoins to our wallets.

Unless we are going to trade immediately our bitcoins,we should not store our bitcoins there.

Why would exchanges use our crypto to do trades without our knowledge? Of course that I would not advise anybody to keep their coins on exchanges but I don't see to be the case. I mean if they wanted to manipulate with prices they could simply add fake trades and fake volume on their exchange. As we already know that is stored on their servers so that they could easily lie about it and get away with it. Nobody can check the truth of information unless you are working for them and have knowledge of shady things that particular exchange might do.

[charlotte04]

We all have advised these much days others not to store bitcoins in exchanges as they might get hacked.

But is this the only issue we are facing or do we all contribute to price manipulation by storing our bitcoins in exchanges.

So in order to avoid exchanges from using our bitcoins and manipulating price,we should immediately transfer our bitcoins to our wallets.

Unless we are going to trade immediately our bitcoins,we should not store our bitcoins there.

That could not be true. How can they use it if you still can avail it? They wouldn't do that if they know that their exchange will be in a lot of trouble since they can have my profits by getting fees from customers.

[Pursuer]

if an exchange were manipulating prices then they wouldn't need your bitcoins to do it, they will do it with or without them. if you don't believe me take a look at Yobit. they are manipulating price of at least a couple of altcoins every day. they don't need anyone to have any deposits there, it is a centralized closed database which they can enter anything into. for example you can see they are pushing the volume up fake, they put lots of buy orders in the history again fake and push the price up by skipping the sell orders and fake pumps. all fake and without spending anything.

[DenCho?]

Interesting idea.. I think i we are guilty at least a bit by giving so much crypto and influnce to such a small group of People. It is too huge temptation for a normal people.
And of course they have a lot of ways to manipulate with stats on their exchanges and May be hole market.

[PsylockReborn]

Market manipulation has been a trend to most of the whales. When we talk about exchanges manipulating altcoins there's a huge possibility but when it comes to bitcoin manipulation, I guess billions of dollars are needed to do that and its very risky. There are lots of exchanges that are running nowadays and I'm pretty sure that they won't take some risks of manipulating bitcoin values.

[muslol67]

I do not think we and many others here have a big enough intervention to affect the price of the market. People who can make a big investment can affect, but not a lot of people we can reach.

[franky1]

storing bitcoins with an exchange as a balance MOST would think does not affect the manipulation. because a exchange balance.. is not the same as a market order or trading. (custody vs trading are separate services/databases)

SOME think that the manipulations are done by the exchanges themselves by 'borrowing reserves' to do ghost trading.

i feel that all the exchange inside traders playing with reserves to ghost trade have now exited the community with their "we been hacked" retirement plans

though i still think if your hoarding more than your afraid to lose in an exchange, just hoarding it as a custodian(bank) service. get it out

[ZazaG7]

Intriguing thought.. I think I we are blameworthy no less than a bit by giving so much crypto and influnce to such a little gathering of People. It is excessively immense allurement for a typical people. What's more, obviously they have a considerable measure of approaches to control with details on their trades and May be gap advertise.

[popsywura]

We do this to safeguard our bitcoin and not necessarily to manipulate price. Keeping your coins in exchanges is not secure mostly because the exchanges can pack up and you are not sure of recovering your coins.

[Zebulun18]

on the off chance that a trade were controlling costs then they wouldn't require your bitcoins to do it, they will do it with or without them. in the event that you don't trust me investigate Yobit. they are controlling cost of no less than several altcoins consistently. they needn't bother with anybody to have any stores there, it is an incorporated shut database which they can enter anything into. for instance you can see they are pushing the volume up counterfeit, they put heaps of purchase arranges in the history again phony and push the cost up by avoiding the offer requests and phony pumps. all phony and without spending anything.

[Salikha]

You have pointed out a very good factor. I also believe we are responsible by storing our earned or bought coins on exchange platforms and make them able to manipulate the market for us using our coins

[ShiftLocker]

Yeah I really agree with statement. Considering any situation market I think the best thing to store coins is the wallet or personal wallet. And I think using exchange platforms by us allow them to do anything they want

[Symproverse]

I think this is not right for all exchanges available in the market. I think small or less promising exchange platforms tend to do market manipulation using our Bitcoin. Besides it is hard to avoid exchange platforms

[abiola4real]

Before I was thinking the best way to store coin is exchange simply because if anything happens to your coin,  exchange will be the one responsible as it is done in fiat bank. But I realized that it is not so. Even exchange itself it is not safe.

[Eto_mete]

Well, the Bitcoin users themselves invest with the mentality to even lose their amount. Jacking has now become inevitable and every user is aware of it. And as far as storing coins is concerned , we do it only to keep them ready for any instant exchange. Keeping in wallet is safe, but I wouldn't really suggest keeping all of the amount in the wallet.

[Taki]

That's OK for holders to move all coins from exchangers to wallets, but what should traders do? They need coins in a short touch to manipulate with them on every price's change, it is going to be to expansive and too long for wait to send coins to the wallet and back when its needed. Don't you think so?

[wxa7115]

We all have advised these much days others not to store bitcoins in exchanges as they might get hacked.

But is this the only issue we are facing or do we all contribute to price manipulation by storing our bitcoins in exchanges.

So in order to avoid exchanges from using our bitcoins and manipulating price,we should immediately transfer our bitcoins to our wallets.

Unless we are going to trade immediately our bitcoins,we should not store our bitcoins there.

Where you hold your coins makes no difference when it comes to the volatility or the manipulation of the price, the reason this is recommended is because exchanges are the target of hackers and if they find a way to penetrate the security system of the exchange then the coins of thousands of persons are at risk, something that is not true if you are the one holding your coins in your own wallet that you control.

Also I will not worry too much about what you're doing to contribute to the volatility of the market because no matter what you do or you don't do you are a participant of it, for example people blame traders for the ups and downs of the market, but people also blame the whales that hold their coins because that makes the market more unstable.