Is Bitcoin Too easy to manipulate?

[bitcoinikdotcom]

Bitcoin has a market cap of 70 billion. This is very low when compared with the stock market or the gold market. There are many groups that can buy the total number of Bitcoin in circulation with a price of $4000. They can easily manipulate the market both sides up or down. Bitcoin 70% supply is stored in a very less number of wallets say 5%. Don't you think Bitcoin can easily manipulate and below $1000 is still possible?
 

[dothebeats]

It can easily be manipulated by people if they see enough reason or incentives to do so, but until then they'll just stick into traditional markets wherein the action and trade volume is guaranteed for the most parts of the day and they won't be having a hard time dumping if they need to immediately leave the market. For now, people are just playing the long game for bitcoin with the sudden surge in volume since February while the prices remain to be hovering between $3500 and $4000. This to me seems like the accumulation phase and once everything sparks come Q2 or Q3 2019, another bull run might be in store for the bitcoin markets.

[Altero]

Big whales can make it as they are capable enough to play the market but I feel also that manipulation may not be effective for now cause investors are already aware for such intentions. It turns that, manipulations won't play this time and all the price fluctuations we have now is just a normal event. As we notice that, no more hypes recently open in the market and all prices may varies only with Bitcoin. This means that whales have no intention make hypes again and they'll just helping it now to regain trust of the people towards crypto.

[Ayiranorea]

On the whole cryptocurrency is manipulative, bitcoin too isn't an exception. From the market scenario of bitcoin with fluctuations I believe it can be manipulated to certain extent. Beyond that it is in the hands of the common users. Earlier people gets into panic when there is some negative news around. This is a kind of manipulation. Now scenario has changed and people are aware supporting the market to grow independently.

[YOSHIE]

I think that, the value of Bitcoin is not the same as the stock transaction outside, so the price of Bitcoin cannot be predicted or guessed for sure. Sometimes up or down in seconds or hours.
However, this has happened (manipulation) to bitcoin a few years ago, against the value of bitcoin.
Example:
Link: https://www.google.co.id/amp/s/www.researchgate.net/publication/322205094_Price_Manipulation_in_the_Bitcoin_Ecosystem/amp

[BitMaxz]

Don't you think Bitcoin can easily manipulate and below $1000 is still possible?

Do you mean that if they can push the price down below $1,000? I think it's impossible to happen right now because there are many investors and users entering the crypto world. If the price goes down I am sure there are many investors will buy at the lower price that is why the price of bitcoin stay long at the current price not just drop sharply as what happens to shitcoins.

Big whales can make it as they are capable enough to play the market but I feel also that manipulation may not be effective for now cause investors are already aware for such intentions. It turns that, manipulations won't play this time and all the price fluctuations we have now is just a normal event. As we notice that, no more hypes recently open in the market and all prices may varies only with Bitcoin. This means that whales have no intention make hypes again and they'll just helping it now to regain trust of the people towards crypto.

No, they won't maybe they can manipulate the price a bit but not much as you can see there are many exchanges and trading sites and the price of bitcoin is not relying only on a single site. They can only manipulate the shitcoins or any altcoin at the lower market cap but in bitcoin it's impossible.

[sheenshane]

Well, well... so far on OP question no one knows the right answer. Probably not and probably yes.
For me, it is just because of being "hype", those articles/news are really creating a huge hype and have an effect on the market price or reversible situation. Price movement of cryptocurrency will go up higher if the demand increases the price was running high. There are different circumstances that we can say there's manipulating the market but the fact is the movement itself. Indeed, no one knows.

[YuginKadoya]

If push comes to shove whales with their big financial resources at hand can sure make a big impact with the price of bitcoin, But I really think they can not fulfill any desired price that they want to target because the price had a safe zone no matter how much money they burn or how much bitcoin they sold it will still have a bottom to not get the price fall in their target price that they want, you can say that they may cause a little stir and they will surely need help to multiple individual and cause fear, uncertainty, and doubt to cause the public to panic sell their held bitcoin.

[Aveatrex]

I would say the whole crypto market,not just Bitcoin is easy to manipulate.There is just too many ways and methods that doesn't exist or illegal in the traditional market like wash trading (buy and selling at the same time to flood books),pump and dump, whales dumping massively to buy back at a lower price, fake news etc...These are too easy to perform on crypto market compared to traditional...

[exstasie]

Bitcoin has a market cap of 70 billion. This is very low when compared with the stock market or the gold market. There are many groups that can buy the total number of Bitcoin in circulation with a price of $4000. They can easily manipulate the market both sides up or down. Bitcoin 70% supply is stored in a very less number of wallets say 5%. Don't you think Bitcoin can easily manipulate and below $1000 is still possible?

This problem is fixing itself. Bitcoin isn't that well distributed, but it's becoming more and more distributed over time. As the price rises, whales distribute to much smaller holders.

When I first started trading this market, it was normal to see whales buy/sell thousands of coins multiple times a day, pushing the market around. Today, we see this activity much less. Why? Because it may be easy for whales to dump thousands of coins, but it's often very difficult for whales to re-accumulate those coins. The fact that we're still trading at $4,000 10 years later and after a brutal bear market shows that demand for BTC is quite robust.

So while whales might be able to marginally push price around near the spread, their actions are always eventually absorbed by the market. And over time, there are less and less whales who can affect price like this.

[chulos]

Everything is possible in the crypto-world. But I don't think that bitcoin will drop to $ 1000. If this were a reality, it would be just another way to manipulate the price and buy at a low price.
Anyway, if someone has a lot of bitcoins, they can manipulate the price. Whales do it.

[mrdeposit]

Bitcoin has a market cap of 70 billion. This is very low when compared with the stock market or the gold market. There are many groups that can buy the total number of Bitcoin in circulation with a price of $4000. They can easily manipulate the market both sides up or down. Bitcoin 70% supply is stored in a very less number of wallets say 5%. Don't you think Bitcoin can easily manipulate and below $1000 is still possible?
 

If bitcoin whales came together and decide to shake weak hands then it is possible to manipulate but it is not easy to make manipulation like in old years. 1000$ is still possible and manipulating the market for buying more bitcoin is commonly known method for multiplying the holdings.

     
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[hugeblack]

Bitcoin 70% supply is stored in a very less number of wallets say 5%. Don't you think Bitcoin can easily manipulate and below $1000 is still possible?

Do not forget that there are some bitcoins can be mined and thus increase the amount and reduce the impact of manipulation.
Decentralization makes anyone who has ready-made mining devices able to reduce the amount of manipulation if they buy/sell them coins.
Also, do not forget that there are a lot of coins outside central platforms meaning that some greedy HODLing people will not sell even if the price rise up to 100,000, these people will reduce the impact of manipulators.

Everything is possible if you have a lot of money.

[milewilda]

Bitcoin 70% supply is stored in a very less number of wallets say 5%. Don't you think Bitcoin can easily manipulate and below $1000 is still possible?

Do not forget that there are some bitcoins can be mined and thus increase the amount and reduce the impact of manipulation.
Decentralization makes anyone who has ready-made mining devices able to reduce the amount of manipulation if they buy/sell them coins.
Also, do not forget that there are a lot of coins outside central platforms meaning that some greedy HODLing people will not sell even if the price rise up to 100,000, these people will reduce the impact of manipulators.

Everything is possible if you have a lot of money.

Manipulation do already exist even on traditional markets like Forex and stocks which is more rampant or plausible due to Fiat money system is being used
where we know that big institutions do really have that power or capability when it comes to funding or supply holding but in Bitcoin, due to its properties plus
the numbers is already diversified, manipulation would really be less nor not possible.The only thing about manipulation is on the events that drives out the market
on planned ranges.

[LUCKMCFLY]

Well, the manipulation is carried out by the Strong Hands or the whales, I think it has always existed, what happens is that to some extent bitcoin is worth $ 4k today, but if there is demand, it will be absorbed by the growing supply that It exists in orders at higher levels, just as it happens in the stock market.

And the only one of being able to manipulate or move the market is with the introduction of institutional money or at the level of strong hands, this is how the market moves.

If you compare it with gold, it turns out that gold has much more history than Bitcoin, Bitcoin was born in 2009, instead, gold has passed several times through the basic stages of the market and, of course, has much more capitalization, gold it is considered as a truly stable and liquid action, while Bitcoin is not, it is decentralized and very volatile.

Maybe over the years, Bitcoin will capture much more demand. However the structure of bitcoin can be easily studied by methods of speculators and investors of the Stock Market, since its market has everything necessary for it, because it has the structure and technology behind bitcoin, it is very large and of great progress .

[pooya87]

easy compared to what?
compared to altcoins, absolutely not. it is extremely harder to manipulate bitcoin than it is to manipulate altcoins.
compare to gigantic markets like gold, it is very easy to manipulate bitcoin price in comparison.

also it has nothing to do with market capitalization! that's just an arbitrary number when it comes to cryptocurrencies. what makes manipulation possible is the size of the market, more specifically the order books on exchanges and whether they are packed with large number of orders or small number of them.

[adaseb]

I think right now it seems that alot of bitcoin price manipulation happens due to the leverage futures exchanges like Bitmex.

They offer 100x contracts and since they have the most volume, many algo bots follow those markets and arbitrage on real cash exchanges. So its not hard for someone with 200-300 BTC to open multiple accounts on Bitmex and starts multiple $10,000,000 market sell/buy orders and create a domino effect of liquidations.

Its very odd why for the last few months we have been having business days of little volume but on the weekend having huge moves... usually weekdays are suppose to be the most volatile and not vice versa. But it seems like the whales are taking advantage and assume that less people trade on weekends and they try their manipulation then.

[Ararbermas]

Nowadays yes bitcoin so easy to manipulate which is because of some ppl that always panicking when there's a correction on the price or small fluctuation. especially when there's only a Fud's that  spreading false alarm just to intimidate holders ,because ppl always jumping nowadays and keep selling to prevent losses even though have no idea if it's true or not.  .

[el kaka22]

I don't think its "too easy", I mean if it was that easy than any one of us could do it.

I have actually tried to do it myself with a smaller coin, I had couple bitcoins to test and the volume for the coin was like 40-50 bitcoins a day so it was easy to manipulate the price with 1-2 bitcoins and I did it and the price went up insanely for a day and went down insanely as well while nobody really understood why.

Now, I was powerful enough to move that coin, is there people who are powerful enough to move bitcoin? Yeah but, they need a lot of money to do that and there are not that many people with that much money and interested in bitcoin so all in all its a small number of people who are constantly manipulating the price, its not easy but its definitely doable.

[gabmen]

Nowadays yes bitcoin so easy to manipulate which is because of some ppl that always panicking when there's a correction on the price or small fluctuation. especially when there's only a Fud's that  spreading false alarm just to intimidate holders ,because ppl always jumping nowadays and keep selling to prevent losses even though have no idea if it's true or not.  .

Panicking is a reaction dude. It's not a form of manipulation. The ones initiating panic are the ones doing the manipulation. And it's not surprising. Anyone who has enough funds can start a pump and dump action that can snowball wildly due to fomo and panic.