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Author Topic: Bitcoin price is controlled not just manipulated but controlled  (Read 743 times)
Polo7 (OP)
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October 14, 2019, 05:40:44 PM
 #1

Bitcoin and Other crypto bots controlling the btc price.

Bots are start buying at some spefic time.

WHO ever control those bots have control over bitcoin price!


So who is behind that bots?



avikz
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October 14, 2019, 05:46:35 PM
 #2

Any proof you have to support your statement? Some big players may use bots to trade simultaneously in more than one market so that they can take benefit of price difference. But to control the market, it requires much more than a bot! Market manipulation is easier said than done!

Have you noticed any such pattern?

Polo7 (OP)
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October 14, 2019, 06:01:27 PM
 #3

Any proof you have to support your statement? Some big players may use bots to trade simultaneously in more than one market so that they can take benefit of price difference. But to control the market, it requires much more than a bot! Market manipulation is easier said than done!

Have you noticed any such pattern?


Who ever created Bitcoin knows how to manipulate.

Simple:)
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October 14, 2019, 06:29:37 PM
 #4

Any proof you have to support your statement? Some big players may use bots to trade simultaneously in more than one market so that they can take benefit of price difference. But to control the market, it requires much more than a bot! Market manipulation is easier said than done!

Have you noticed any such pattern?
Yes definitely go to Binance Exchange and go to BTC/USDT trading pair. You will notice there is a certain order worth some accurate satoshi count. For example and order worth 10.129927 BTC this order will never get traded it will always move around the books up and down. It might just get added sometimes when people add their order with it but generally it remains consistent these are done espcially at the times of high volatility for example moving average crosses etc. I don't know if it's exchange or some private institution. I would definitely try to come up with some pictures when I come across such a thing It's more of a routine affair.
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October 14, 2019, 06:42:51 PM
 #5

Your perspective on the market is wrong. You shouldn't interpret market price/price action as manipulation or control over an asset price. The charts simply represent the equilibrium between buyers and sellers over a specific period of time. Bots are nothing else than programs that automate trading strategies. There are a lot of different bot types like market-makers, trend following bots, etc. But they don't do anything else then follow the trading rules written in a programming language. It all resumes to this: if there are more buyers in the market then you will see price go up and vice-versa. This is just my 2 cents..
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October 14, 2019, 07:05:08 PM
 #6

Bitcoin and Other crypto bots controlling the btc price.

I'm skeptical of your claim. Do you have any evidence to support it?

Are you one of those "look at the price -- it must be manipulation!" people, or are you one of those "everyone knows it's manipulated!" people?

Who ever created Bitcoin knows how to manipulate.

Simple:)

Oh, I see. You're one of those people who don't realize how little they know.

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October 14, 2019, 07:06:49 PM
 #7

Who ever created Bitcoin knows how to manipulate.

Simple:)
Does this means that you believe that satoshi is manipulating the market and he's around there playing with everyone's emotion? I don't think that you have to be satoshi to control the market.

Whilst, it's known and claimed by few folks that there's a manipulation but how can you prove that? And suspecting that satoshi is the one that manipulates, well, no trace of him and no one knows his whereabouts.

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October 14, 2019, 07:11:16 PM
 #8

There are tons of bots operating on crypto exchanges, but you are wrong if you believe bots manipulates the price
People set bots, they have to set orders to buy and sell, and this is the way they operate, nothing more, nothing less

There are some people with control over a lot of coins that can influence the market

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stealth 1776
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October 14, 2019, 07:42:31 PM
 #9

Bitcoin and Other crypto bots controlling the btc price.

Bots are start buying at some spefic time.

WHO ever control those bots have control over bitcoin price!


So who is behind that bots?





This is so paranoic, yes, of course, there are bots, and of course, some people are making them and programing them, nothing new, and yes they will buy at specific times depending on the price they should be buying at a low price, so that actually helps the coin to raise the price, they influence the price a little bit like any other buyer, but total control? no, if that is the case any buyer as total control or any group of buyers, man we all control the market, and now it depends on the usage of the coin, to make more people to get involved into BTC in this case, there should be many people with bots out there no just one guy, I'm pretty sure of that.
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October 14, 2019, 07:54:36 PM
 #10

Then do you really think trading bots made by them or someone can really manipulate the bitcoins price? I get it that there is an existing price manipulation but using bots as an example of the one who is manipulating bitcoins price is not considerable. Bots can't work like that, yes they were used to do simultaneous trades but for controlling the price no. It will cost them more than just a bot to do that.

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Kyraishi
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October 14, 2019, 08:07:40 PM
 #11

Any proof you have to support your statement? Some big players may use bots to trade simultaneously in more than one market so that they can take benefit of price difference. But to control the market, it requires much more than a bot! Market manipulation is easier said than done!

Have you noticed any such pattern?


Who ever created Bitcoin knows how to manipulate.

Simple:)
That's just wrong. Like any market, Bitcoin can be controlled to lesser extent by the people with the most money, whales.

These people are able to dump or pump the price and since their movements are often at times market changing, we can see the market change with them and often set trends in the market and cause snowball effects.

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October 14, 2019, 08:27:34 PM
 #12

Then do you really think trading bots made by them or someone can really manipulate the bitcoins price? I get it that there is an existing price manipulation but using bots as an example of the one who is manipulating bitcoins price is not considerable. Bots can't work like that, yes they were used to do simultaneous trades but for controlling the price no. It will cost them more than just a bot to do that.
Actually bots just follow the algorithms on which they are created. But generally these algorithms themselves are constructed in a shady manner and take in certain variables which can manipulate the market. Anyone who has a 4-5%of daily exchange volume can easily manipulate Bots generally do this by laddering buy sell order at difference of points thus pushing price up or down.
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October 14, 2019, 09:34:45 PM
 #13

If there is control over the price of bitcoin, let's say price containment with the help of bots, is this not a manipulation?

I think this is also a manipulation, even if this manipulation allows the crypto market to live. After all, if you let it float freely, without the influx of new money, prices can fall so much that the market becomes much less attractive for a long time.

Any artificial interference is a manipulation.

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October 14, 2019, 09:40:44 PM
 #14

Then do you really think trading bots made by them or someone can really manipulate the bitcoins price? I get it that there is an existing price manipulation but using bots as an example of the one who is manipulating bitcoins price is not considerable. Bots can't work like that, yes they were used to do simultaneous trades but for controlling the price no. It will cost them more than just a bot to do that.
Actually bots just follow the algorithms on which they are created. But generally these algorithms themselves are constructed in a shady manner and take in certain variables which can manipulate the market. Anyone who has a 4-5%of daily exchange volume can easily manipulate Bots generally do this by laddering buy sell order at difference of points thus pushing price up or down.
I believe its right, Bots can possibly manipulate a small portion of the market. Whales plus the bots that they are using can control the market lightly and it can help them to win a trade war. Every time a trader does buy and sell into the market makes a very small change on its price especially if a snowball effect comes through that makes the market prices change and it can catch the trader's attention that will possibly join the snowball effect.
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October 14, 2019, 09:49:01 PM
 #15

If there is control over the price of bitcoin, let's say price containment with the help of bots, is this not a manipulation?

I think this is also a manipulation, even if this manipulation allows the crypto market to live. After all, if you let it float freely, without the influx of new money, prices can fall so much that the market becomes much less attractive for a long time.

Any artificial interference is a manipulation.
I think the 2 terms are getting confused here.

Control would be if a single entity or government would have the power to do anything to the coin (eg, changing the maximum supply, stopping the coin, etc). Since Bitcoin is decentralised, no one is able to control it.

Regarding manipulation, we've all seen manipulations of the Bitcoin price and other markets previously, it's nothing new and happens to all markets.

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October 14, 2019, 09:59:05 PM
 #16

Whales controlled the bots but it doesn’t mean they controlled bitcoin. This is a decentralized market, no one controls bitcoin but of course if you have more bitcoin you can affect the price, but you don’t own the whole market. There are so many bots, traders are using this for their own trading strategies its very convenient for them.
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October 14, 2019, 10:11:03 PM
 #17

Bitcoin and Other crypto bots controlling the btc price.

Bots are start buying at some spefic time.

WHO ever control those bots have control over bitcoin price!


So who is behind that bots?




If that's true, then whales were the one behind the bots. Someway bitcoin is being manipulated and not controlled. If it is controlled, it could've never reached such a level as now. It also falls under the list of centralized form of investment or similar to the same. Just because it is decentralized it has gained importance and stands unique among the big list of available investments.

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October 14, 2019, 10:18:21 PM
 #18

Well this is prevalent last year, 2017 we haven't heard about bots, there are just a few that I can think of. But in 2018, lots of bots coming up and many speculators/traders uses them to take advantage of ease and speed, but you still need to have experience though, because using bots is very hard as you have to set all parameters right.

As far as who is behind, we don't know, maybe some whales or traders who have had enough experience to play with it. Bots are just part of the equation now, Bots Are Manipulating Price of Bitcoin in ‘Wild West of Crypto’ .

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October 14, 2019, 10:40:56 PM
Last edit: October 15, 2019, 02:57:18 AM by acroman08
 #19

the OP is just an alt and a spam starter(topics started by him) I would not bother asking him any question since you won't get
any reliable answer from him.

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October 14, 2019, 11:22:43 PM
 #20

Bitcoin and Other crypto bots controlling the btc price.

Bots are start buying at some spefic time.

WHO ever control those bots have control over bitcoin price!


So who is behind that bots?





How sure are you that bot controls the market price of Bitcoin?  You should provide enough information regarding this claims to make people understand why you have an assumption on the price of Bitcoin been controlled. we all know that the price of bitcoin is mostly controlled by people with huge amount of bitcoin but not bot, so why are you saying the opposite??
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