Bitcoin price is controlled not just manipulated but controlled

[serjent05]

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?

Isn't manipulation the same thing as controlling?  I am sure traders are behind these bots.  But did you know that even bots compete with each other?  Those who have fund to buy bots try to buy the best bots on the market but these bots can easily get busted by a single huge dump or huge buy. So I do not think that Bots are actually controlling the Bitcoin prices, but for sure whales do.

[iamsange]

If about bot in market, maybe people already know. But bot to control bitcoin price i don't think so. Is is more simple to make people get FOMO and then do panic buy to pump the coin, and then make people do panic sell to dump price of bitcoin.

[Omega Weapon]

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:)

Satoshi does not have some kind of secret code in bitcoin that allows him to manipulate the price at will, the code of bitcoin is out there for anyone to check and you can see if there is something hidden if you do not trust him, but it is possible exchanges are trying to manipulate the price of bitcoin in order to extract more money from their customers but even for them it will be impossible to control the market since they cannot control the demand or the supply of bitcoin.

[ecnalubma]

If your a billionaire you can manipulate 2 or 3 markets at a time but its very expensive to execute how much more if you want to influence the whole market not impossible but sounds crazy when you use bots. Unless you have an organization of billionaires that is willing to sacrifice their money just to manipulate or control the market price simultaneously.

[vintages]

Of course, the price of Bitcoin is been controlled, but it's not controlled by man made bot or some specific people but by me and you; we the traders and investors.
Though whales contributes too but we investors and traders manipulates or controls the price of Bitcoin through FUDs, FOMO ad panic selling.

[STT]

Shock discovery in markets as people wanting to make profits discovered.    Is this news that people will try all sorts of tricks to try flush people out of their position before then rebuying their BTC or anything which gets them a profit.   The idea that self interested parties are going to undermine a market is not a new one, it just doesnt especially cause the negative that people imagine.   The biggest trends in market price are decided when everyone agrees and that can be quite ironic, when everyone takes profit at a common price it suddenly becomes the top.    If many people have varied ideas then we have no clear trend, it may take time for people to get tired of waiting and gradually the sale of BTC causes weakness in the price or whatever.
   We dont have giant whales with puppet strings controlling everything, one exchange I could believe it of but not all of them coordinated to achieve an effect like a secret global conspiracy.   Bitcoin has the widest distribution of the blockchains, if you want to see a false market look at Ripple which has giant stores of their token just being held back.    FIAT itself is not a true market as each central bank undermines any free market holder of their currency, because they have the ability to create giant amounts as and when they feel like it and they have no requirement to ever undo the QE programs performed as the people will pay with their public pension money now greatly undermined in value.

[Kelvinid]

If your a billionaire you can manipulate 2 or 3 markets at a time but its very expensive to execute how much more if you want to influence the whole market not impossible but sounds crazy when you use bots. Unless you have an organization of billionaires that is willing to sacrifice their money just to manipulate or control the market price simultaneously.

Does it help them to gain more profit? I'd never think that would be their intention. Maybe they'll do that earlier but I don't believe that they still committing at this time for some point that it seems to be helpless anymore and not even productive. The market still unpredictable and its volatility turning into bad which I don't think there is market manipulation happening around but this is purely market fluctuations.

[adzino]

Who ever created Bitcoin knows how to manipulate.

Simple:)

Lol. Sad how little you know about bitcoin/cryptocurrencies and the market. Creating bitcoin is one thing, and its existence in the market that is the price is another thing. You saying shit as if someone who created the coin can easily set the price by changing some protocols/code. The market is decentralized and there no hidden "mystery". So according to you, if someone (who created) knows how to manipulate the market, then each and everyone out there will also know how to manipulate the market.

[error08]

Controlled = manipulated
It just a different word but have the same meaning in the crypto market.
Whoever has tons of money in their account can buy bitcoin to a certain price and whoever has tons of bitcoin in their wallet can dump the price instantly. And other traders which only have average capital play under those whales who rule the market.

[barnes13]

According to data on this website https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html only less than 3% of the highest Bitcoin holders which we usually call whales. Do you think they really can control the other 97%? I want to know your opinion on this matter.

[Ailmand]

The price is driven by the demand and the free market and it is true that bots exist in exchange to keep the trades and offers going in the market, but the big factor of the market price is done by the traders themselves. It can be manipulated if you have a big amount of bitcoin/fiat but the result of the price still depends on how will traders or investors react once a massive buy or sell off occurs.

[adaseb]

I've been trying to find some pattern that these bots use and either trade with them or against them but its very difficult to catch. One thing I noticed was that during a start of a new daily candle there can be some pump or dump which happens almost in the first 10 minutes or so however this doesn't help because you don't know which way its going to go.

I tried to do research and find some pattern like it pumps when the previous daily candle close is bull or vice versa and still haven't really found a pattern.

There are also some bots which try and catch the funding rate on future exchanges like Bitmex if its very high. Say if the funding rate is > 0.10% per 8 hours then usually right after the funding there is a pump/dump however impossible to catch since the server is overloaded, need to use a different exchange. It works maybe 70% of the time.

[Wawa2013]

I understand that there are markets that manipulate prices but I think bots cannot function like that, yes they are accustomed to trading but not to control prices. But it helps humans when buying and selling at a certain price.
Sometimes market can be manipulated by exchange itself. in this case, the exchange manipulates its trading volume to attract many traders into it, but there are also whales who control the market price

[error08]

According to data on this website https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html only less than 3% of the highest Bitcoin holders which we usually call whales. Do you think they really can control the other 97%? I want to know your opinion on this matter.

According to the data "top 100 richest bitcoin addresses", there are 106 addresses that have 10,000-10,0000 bitcoin, it should be more than enough to control the market although it less than 0.1%.
Most of those 100 richest addresses belong to major exchanges like binance cold-wallet, huobi cold-wallet and bittrex cold-wallet and others probably belong to miners addresses.
The fact is even BTC163,664 binance cold-wallet only 0.9% of total coins, with only 0.9% the price in the exchange market (binance) can drop in a significant number, let aside 10,000 bitcoin, if it can be dumped to various major exchanges, the global price will be crash for sure.

[CarnagexD]

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?

I do not know if someone truly controlled or manipulated the price of bitcoin. But, I'm pretty sure if you are a whale or simply a person who has a lot of bitcoin in a wallet you can truly have a chance to control the price. I also do not have any idea about the bot who control the price in the market and no one knows who are the people who control the market. But for me, it's totally hard to control the price and if ever someone who can manipulate the price I'm pretty sure that in just seconds can dump the price.

[TGD]

I understand that there are markets that manipulate prices but I think bots cannot function like that, yes they are accustomed to trading but not to control prices. But it helps humans when buying and selling at a certain price.
Sometimes market can be manipulated by exchange itself. in this case, the exchange manipulates its trading volume to attract many traders into it, but there are also whales who control the market price

Group of whales or those early adopter or miner might be behind these manipulation, I don't think also bot is able to be controlled in such away it will determine the price. Bot are limited in operations it can't determine a lot unless operated by an individual that will input commands in a certain event. I will still just believe that it's due to a group that causes the manipulation that we certainly feel in a long run not just seconds.

[pooya87]

Isn't manipulation the same thing as controlling?  I am sure traders are behind these bots.  But did you know that even bots compete with each other?  Those who have fund to buy bots try to buy the best bots on the market but these bots can easily get busted by a single huge dump or huge buy. So I do not think that Bots are actually controlling the Bitcoin prices, but for sure whales do.

i don't think you can call those "bots", these things are more like predefined scripts that run on the internet trying to repeat the same thing in an infinite loop. a true trading bot is not something that keeps placing bets opening new orders in the order book that could easily be fooled into executing the big red stop loss button and lead to a loss.
as for "control", people say that because they are looking for someone or something to blame so what better than bots?!

[error08]

~
as for "control", people say that because they are looking for someone or something to blame so what better than bots?!

Blame the whales is better
it's not the "bots" but the man whales behind the "gun bots"
They are trying to manipulate the market by controlling anxieties of the people, who know where the price heading next, they do.

[Docnaster]

I don't think you understand how bots work or what is the logic behind their buy sell movements. Selling and buying through bots do not give them infinite free money, they are still limited by the amount the bot controller has. If the bots do not have money, they cannot be selling or buying anything.

[bhabygrim]

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?

The market is being manipulate and it is very clear as for the bots that you are talking it could be everyone who is into trading,
We could see that there are so many bots that are being used for trading so those bots that you think that controls the market could be controlled by plenty of people,
While we are sure that the market could be manipulated by the whales because they could easily create a waves of order and the price could move instantly .