Is Bitcoin Too easy to manipulate?

[alisafidel58]

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

No, I don't think that is possible nobody can manipulate Bitcoin when it comes to its price in the market. Even whales can't do such a thing. Traders are smart enough to see if there is a manipulation going on in their exchange.

[bitbunnny]

On one side everything is saying they choose Bitcoin because it's independent and decentralized and on the other hand they are saying Bitcoin is manipulated. These things can't go together, it's the one or the other.
I don't think that Bitcoin price could be manipulated in direction that one or the other interest group or individuals want. Some influence on price is made by whales but that is not so large extent.

[ajqjjj]

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

No, I don't think that is possible nobody can manipulate Bitcoin when it comes to its price in the market. Even whales can't do such a thing. Traders are smart enough to see if there is a manipulation going on in their exchange.

Market manipulation is always depends on whales buying and selling because huge margin Bitcoin sold in quickly, market will going to moon. But Bitcoin was unsold two or more days market will die anytime so whales are controlled the crypto market and stock market.

[omonuyak]

Manipulations exist in almost all the trading and financial assets and I think people and institutions can still manipulate bitcoin and cryptocurrencies market and that do not mean it is not secure or safe.  I believe that we are going to have more transparent in future that will make it very difficult for whales to manipulate the market.

[BigBos]

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

No, I don't think that is possible nobody can manipulate Bitcoin when it comes to its price in the market. Even whales can't do such a thing. Traders are smart enough to see if there is a manipulation going on in their exchange.

some people have done it, and I don't know whether it works or not. however, I think manipulating bitcoin is very difficult. well, but anyway, there must be a way to do that even though it's very risky.

[Supercrypt]

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?

It will be quite difficult for them to do so because if they do buy the whole coin in the market, fine, the market price will pump high but who will they sell the coin to at that high price, because it must have cost them fortune too to do so, it will end up becoming useless to them considering the fact that it is a system that is still struggling to gain relevance, so this will also make it impossible for them to manipulate.

Moreover, talking of buying the whole BTC in circulation is very impossible because not everyone bought BTC at bear market, most people bought BTC when it was even $10,000 and majority of them will be unwilling to sell till bitcoin increases above that, so they can only buy the remaining supply which will push up the price up a bit and many believer will keep holding till it reaches $20,000 predicted for next year.

[Herbert2020]

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

No, I don't think that is possible nobody can manipulate Bitcoin when it comes to its price in the market. Even whales can't do such a thing. Traders are smart enough to see if there is a manipulation going on in their exchange.

manipulation is a matter of degrees. it can go from full control of the market and the price down to only having slight influence over a short period of time. with that said manipulation exists in every market in the whole world without an exception. so saying it doesn't exist in bitcoin is a naive statement.

[justspare]

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.

Manipulation actually do happen in Bitcoin too and that is the effect of it when we saw the last BULL rise to $20,000 and was dumped suddenly too, the only thing I disagree on is him comparing the system to gold and also thinking that any form of manipulation could force BTC to 1000 dollars which I really doubt.

Gold market has been in existence for a very long time and if we look at the history, it must have experienced one or two of such issues before getting stabilized, BTC is a very new system that is barely 10 years old and a time will come in years to come when all these manipulation will stop and it will be stable like gold too.

[Clark05]

I don't think the bitcoin can Easily to manipulate because if people have different thinking because otjer selling and buying their coins.
The price of the bitcoin will not become $1000 for sure this year will become more than 10,000 dollars.  We know that because investors panic selling they manipulate the market last year 2018 because millions investor are panic selling .

[shield132]

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?
 

Bitcoin can easily be manipulated but can't say that persons can easily change it's price by buying a lot of bitcoins in low or high prices (I mean group buy).
As I see bitcoin's price is easily manipulated when someone says something on it, for example when there was rumor that china was going to ban bitcoin mining and etc something similar.
Btw if bitcoin go under 1000$, then I highly believe it will damage bitcoin's reputation and kill all hope of further rise in everyone.

[Oceat]

I don't think the bitcoin can Easily to manipulate because if people have different thinking because otjer selling and buying their coins.
The price of the bitcoin will not become $1000 for sure this year will become more than 10,000 dollars.  We know that because investors panic selling they manipulate the market last year 2018 because millions investor are panic selling .

You can't say that unless you know how much the whales are hodling on their wallet right now. Sometimes it takes a group of people to bring the market down and I guess they were doing it in order for the market to drop and they can easily gain profit from the weak-handed people. I'm sure they were waiting for the right time to drop it all and start to release the bull to run.

[shesheboy]

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

No, I don't think that is possible nobody can manipulate Bitcoin when it comes to its price in the market. Even whales can't do such a thing. Traders are smart enough to see if there is a manipulation going on in their exchange.

some people have done it, and I don't know whether it works or not. however, I think manipulating bitcoin is very difficult. well, but anyway, there must be a way to do that even though it's very risky.

Manipulation works only if the manipulators have a big capital in which they can easily move the price to go up or down depending on their preference . whales are commonly known as real manipulators because they are the ones that has a big budget . you cant call yourself a manipulator if you cant succesfully move the price of bitcoin  .  

also , manipulating bitcoin is not easy  like you said because bitcoin is expensive while other coins alts and tokens can be easily manipulated because they are more cheaper  .

[goaldigger]

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?
 

Since its more focused on technological rather than economical for me, i will say that it is easier to manipulate rather than stock markets and any other markets who focused on economy, exchange rates, oil and so on. The reason why bulls, bears and whales are just there waiting for the right time that they can profit with the panic sellers.

[BigBos]

I don't think the bitcoin can Easily to manipulate because if people have different thinking because otjer selling and buying their coins.
The price of the bitcoin will not become $1000 for sure this year will become more than 10,000 dollars.  We know that because investors panic selling they manipulate the market last year 2018 because millions investor are panic selling .

you're right, even more so now there are so many bitcoin exchangers. besides, it requires a lot of money to manipulate the current bitcoin prices. well, we know it won't be easy even though it can. of course it is also a very big risk for people who try it.

[raven7886]

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

No, I don't think that is possible nobody can manipulate Bitcoin when it comes to its price in the market. Even whales can't do such a thing. Traders are smart enough to see if there is a manipulation going on in their exchange.

manipulation is a matter of degrees. it can go from full control of the market and the price down to only having slight influence over a short period of time. with that said manipulation exists in every market in the whole world without an exception. so saying it doesn't exist in bitcoin is a naive statement.

Of course it does exist, last market Pump and Dump really proved its existence but still with that, the price never crashed that low, I mean 1k that OP said is possible. This is why the mate said it is impossible to crash the price completely.

Because, the system also has check and balance in position which in this case are the traders and the trader are so wise now that they have learnt to monitor the activities of the whales when is about happening and I think this is exactly what is still putting a lot of them in control now and why we have not even seen sudden increase in price.

We also need to join hands not to allow them manipulate the system anymore.

[dodgrad]

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?
 

Of course it's possible, but we'll never know if it's happening. In my opinion, the real whales are still not seriously interested in the cryptocurrency market, because it is too small for them and too unstable. Bitcoin needs to collect the market cap for a few more years to attract the eyes of these major players from the financial market. So in theory, yes, but in practice not.

[ryap12]

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?
 

Of course it's possible, but we'll never know if it's happening. In my opinion, the real whales are still not seriously interested in the cryptocurrency market, because it is too small for them and too unstable. Bitcoin needs to collect the market cap for a few more years to attract the eyes of these major players from the financial market. So in theory, yes, but in practice not.

Reading your reply made me think I'm very poor. Imagine the entire cryptocurrency market is nothing compared to the whales? Now I wonder what would these whales do with all the money they can buy a planet, perhaps. While I hardly buy a motorcycle for myself.

[Febo]

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?

Your title is misleading. Bitcoin is not easy to be manipulate, since if it would be then that would be really bad money. But as you are explaining you dont really talk of Bitcoin but Bitcoin price.

If anyone would want to buy all Bitcoins that have owners. that should be around 9 millions then price would increase so much that there is no such wealth on earth. 

[marcous]

Everything can happen especially in the cryptocurrency market. But Bitcoin at a quite high price has a slim chance to be manipulated unless there is indeed an elite or special community that has a lot of Bitcoin. Considering, the chart or the expert of analysis many are fooled by the bitcoin market in particular.

[traderethereum]

I think it could happen at the market since we don't know how much one traders have a balance in one market. Who knows one trader have a big balance in bitcoin and altcoin so they can easily move the price at some range they want. But still, to manipulate the price on all exchanges is not easy even if a huge amount of bitcoin is used. But if it's only on one market, I think it could be possible since, in the one market, the amount of bitcoin is not too big depends on the whales have in their wallet.