Can someone manipulate the price of bitcoin?

[tahozor]

At small time intervals, large holders can influence prices by selling a large number of coins on exchanges or vice versa, starting to buy Bitcoin en masse. But these actions cause only temporary price fluctuations. Somehow the manipulators of the market cannot change the law of the market itself, so if you count on long-term investments, then you should not worry about it. In addition, the really large holders themselves are not profitable by the long-term weakening of the Bitcoin course.
What do you think?

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[bitfocus]

yes, by manipulating public emotions, spreading FUD, rumors - any big group or consortium can manipulate the prices a little fr a while.

[Asimmo]

As for now, BTC still can be manipulated but only by biggest holders..
Soon, time will come that distribution will be more even and therefore this risk will be eliminated, as it will be hold by more people..

[figmentofmyass]

At small time intervals, large holders can influence prices by selling a large number of coins on exchanges or vice versa, starting to buy Bitcoin en masse. But these actions cause only temporary price fluctuations. Somehow the manipulators of the market cannot change the law of the market itself, so if you count on long-term investments, then you should not worry about it. In addition, the really large holders themselves are not profitable by the long-term weakening of the Bitcoin course.
What do you think?

my opinion on manipulation is that it's less prevalent and more difficult to pull off than people think. the market is globally distributed, with some exchanges in shady and unregulated jurisdictions and others tightly regulated. certainly, large players may try to manipulate the market, but it's easier said than done. what often happens is a smaller whale gets eaten by a bigger whale---or he gets eaten by the market as a whole.

in the end, we can only speculate about the underlying causes for price movement. that includes conspiracies about price manipulation. there's no evidence, of course.

[talkbitcoin]

true that.
in fact manipulation has been the only reason that caused the recent drop and kept the price down so far below the $10k mark but whenever manipulation at this big scale happens, the traders will be afraid of the market and price rise  can not happen for a long time which is why we have not yet seen the bull run start.
but as you have already guessed they can't keep bitcoin down for long. the market will rally against them eventually.

[tahozor]

I think you should more clearly describe what you're claiming. How exactly are they manipulating?

If banks can just control the price, sure they would do it. But the first question is: how? Just shorting futures isn't per-se an answer - that trade would only go in one direction, and Bitcoin is currently way way too small to actually let big hedge-fonts make meaningful trades. Additionally, someone has to pay the other side of the trade.
The next part is that they would all have to conspire together to make this work. The next part is that it would be much more profitable to manipulate the price up, if they can. And the next part is that Zerohedge is absolutely in no way any sort of reliable source.

Bitcoin does not belong to anyone, just like the Internet or the technology on which e-mail is based. Banks can not control them. Bitcoin can be used by anyone who follows the rules of this payment system. The creator of Bitcoin, which is hiding under the pseudonym Satosi Nakamoto, also does not regulate the network. Governments are wary of cryptocurrencies, as they cannot regulate the movement of capital, including abroad. The main claims to technology are that it allows paying for illegal goods, laundering money and financing terrorists.

[kentrolla]

At small time intervals, large holders can influence prices by selling a large number of coins on exchanges or vice versa, starting to buy Bitcoin en masse. But these actions cause only temporary price fluctuations. Somehow the manipulators of the market cannot change the law of the market itself, so if you count on long-term investments, then you should not worry about it. In addition, the really large holders themselves are not profitable by the long-term weakening of the Bitcoin course.
What do you think?

After seeing the current market status I guess the bull run is impossible at the moment the value clearly shows that the market needs more time for increasing the price. Btc cash manipulation disaster the market but there are chances to make BTC manipulation only if the big whales have plans, else I am sure it is impossible this year and we need to wait for few more months.

[kelvinspeed]

yes, by manipulating public emotions, spreading FUD, rumors - any big group or consortium can manipulate the prices a little fr a while.

i believe manipulating of the public emotions is the major tool use to manipulate the price of bitcoin, because even if the giant holders of the coin makes there manipulative moves, with strong positive emotions the price could still be stable or even rise

[btlzpr]

Of course, it has already happened. Recently, the BCH fork has caused the bitcoin price to drop is the best example.

[hatshepsut93]

"Manipulation" can be such a broad term that we might be encountering it every day. For example, we have rumors from time to time, that seem to explain the price changes (remember "China bans Bitcoin" FUD?), so there's a good chance that they are the reason. But I don't believe that manipulation alone can explain the long term trends, or that manipulation is behind every rapid price change. The real reason why Bitcoin is so volatile is not manipulation, it's market is just very speculative despite being nearly 10 years old.

[dothebeats]

my opinion on manipulation is that it's less prevalent and more difficult to pull off than people think. the market is globally distributed, with some exchanges in shady and unregulated jurisdictions and others tightly regulated. certainly, large players may try to manipulate the market, but it's easier said than done. what often happens is a smaller whale gets eaten by a bigger whale---or he gets eaten by the market as a whole.

In the current times, perhaps it's even difficult to pull off, but always remember that even in closely and highly regulated markets, this is still occurring without anyone being prosecuted and brought to the courtroom. Knowing how scattered and large the market is now, it's hard to pull it off, but also knowing that a single sell-off, even just tens of thousands of bitcoin in the market, can flood the whole market, it's still easy to do this for those who have the $$$ and BTC.

[Red-Apple]

it is always easier to blame manipulation for price changes that can not be explained but also it is easy to be blinded by everything else that you no longer see the manipulation in front of you.

what i am trying to say is that we should pick a middle ground. manipulation exists but it is not the controlling force in the market. for example manipulation is the reason for this drop but it can not cause more drops forever.

[proTECH77]

In the world of bitcoin manipulation is always possible even though the platform that brought it into existence is such a decentralized platform. From the unset of bitcoin its price has be manipulated time without numbers even the one that happened last year 2017, also, the recent decline in the price of bitcoin was as a result of some big whales manipulating the market price, these whales are group of individuals that are holding a larger portion of the said bitcoin.   

[MainIbem]

You have heard of the Bulls, Whales and the Bears. These are not just names. They are influencers, manipulating the prices of things including bitcoin. So in reality, there are manipulators of the price of bitcoin.

[Pursuer]

I think you should more clearly describe what you're claiming. How exactly are they manipulating?

If banks can just control the price, sure they would do it. But the first question is: how? Just shorting futures isn't per-se an answer - that trade would only go in one direction, and Bitcoin is currently way way too small to actually let big hedge-fonts make meaningful trades. Additionally, someone has to pay the other side of the trade.
The next part is that they would all have to conspire together to make this work. The next part is that it would be much more profitable to manipulate the price up, if they can. And the next part is that Zerohedge is absolutely in no way any sort of reliable source.

it is manipulation not "control" of the price!

and it is so much more complicated than just spreading FUD or selling large amounts of bitcoin as OP says. for example last year we had a period when bitcoin was stuck around $2k price and could not go up. some whales were trying to push it back down to $1000 and $900 which were previous support level. they started an FUD campaign and also sold a lot of bitcoin on exchanges. long story short they lost a lot of money because the market didn't agree with them.

an example of successful manipulation is the recent drop. the FUD about BCH and CSW selling 1 million bitcoin has been around for a while. as BCH forked and some hashrate went out of bitcoin to keep it alive the manipulators took advantage of this situation and dumped and that crashed the already ready market!

by the way profit is in both drops and rises. they just have to know which way market is leaning so that they can give it a little nudge and enjoy the big profit.

[kryptqnick]

At small time intervals, large holders can influence prices by selling a large number of coins on exchanges or vice versa, starting to buy Bitcoin en masse. But these actions cause only temporary price fluctuations. Somehow the manipulators of the market cannot change the law of the market itself, so if you count on long-term investments, then you should not worry about it. In addition, the really large holders themselves are not profitable by the long-term weakening of the Bitcoin course.
What do you think?

I once googled the wallets that contain the biggest amount of bitcoin. A significant part of them are major exchanges' cold wallets, so they don't really count. I also tried checking the transactions from the other ones and there were usually only incoming transactions. I think that the big holders don't do panic selling. What they do is actually help us out by buying even more coins when the prices drop. What makes the prices 'manipulated' is us, the typical bitcoin users and crypto traders. When we see some fud, some of us start to write posts like 'this is the end', 'bitcoin will die', helping to spread it forward. When some are starting to sell, they trigger a chain reaction of people selling even more, being afraid they'll lose their money if they don't. If we want a stable market, we should not be those sellers. We shouldn't fall for 'bad news' and the price will remain stable.

[Assface16678]

yes, by manipulating public emotions, spreading FUD, rumors - any big group or consortium can manipulate the prices a little fr a while.

This is true. But then it is not directly. Controlling bitcoin or the price of it directly is somewhat not possible but indirect deeds can probably effect. Just like what have stated above. We can say that those people who are doing it does not believe in bitcoin or they are the people with weak beart. Spreading badnews for their sake.

[jointherevolution]

They say big institutions want to manipulate the price to enter at low price and make more money. If that is correct, they have succeed. There is not much to do about it. Just like Wall Street, there are points of leverage.

[Mondinic]

it's true that if someone really already has the idea of investing long-term, maybe they don't think too much about the current decline in bitcoin prices, because usually they already buy and hold a large amount, and if they sell it at a low price they will lose in my opinion, so they will sell at the right time and they should have predicted it now.

[treatWy]

If I'm not mistaken this cryptosystem is business.
What is the meaning of this? Well, possible that those who bought bitcoin at early stage owned big volume of bitcoin in their wallets that whatever they wanted to do as long as it is their gain they can. To manipulate bitcoin you must have big amount to control the movement. Those who control the rebound control the game.