Possible to Manipulate bitcoin price??

[Justin999]

Manipulating bitcoin price is easily possible & Controled by big fish Trades, whales & holders. If we notice bitcoin chart from January 2017 to till 2020, Eerywhere  indicates manupulation. After making market bullish, they told us a fairy story that bitcoin is illegal. Can be stolen by hackers, Reasons for money laundering and so ban by usa, china, india or bla bla bla. Then people sell their hodling share to save theirs balance and thus market drops.
 Then Big fish buy bitcoin with low price & start saying that:: bitcoin have a great future. Will hit $100k this year, will hit $1M soon etc etc and makes us crazy to investment in bitcoin  again. So Pump-dump Pump-dump is going on & on and they make profit from It(Us). Small traders like us, are in loss after all.  I hope soon some celebrety will have revails about how much bitcoin they have & tell us to buy bitcoin so that bitcoin will hit $20k soon as 2017 and then.....

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[bolawin]

Manipulating bitcoin price is easily possible & Controled by big fish Trades, whales & holders. If we notice bitcoin chart from January 2017 to till 2020, Eerywhere  indicates manupulation. After making market bullish, they told us a fairy story that bitcoin is illegal. Can be stolen by hackers, Reasons for money laundering and so ban by usa, china, india or bla bla bla. Then people sell their hodling share to save theirs balance and thus market drops.
 Then Big fish buy bitcoin with low price & start saying that:: bitcoin have a great future. Will hit $100k this year, will hit $1M soon etc etc and makes us crazy to investment in bitcoin  again. So Pump-dump Pump-dump is going on & on and they make profit from It(Us). Small traders like us, are in loss after all.  I hope soon some celebrety will have revails about how much bitcoin they have & tell us to buy bitcoin so that bitcoin will hit $20k soon as 2017 and then.....

So its the same on all market then not just in crypto, lol

[hd49728]

Shortly: It is definitely possible!

There are always manipulations, from whales, from exchanges on any financial markets, not only crypto market and crypto exchanges. Have you ever thought why we have news, real, fake, delayed ones? In addition, news always bring markets move up or fall down.

Without price manipulations, we don't have real market because we don't see waves in which we can earn profits if we are smart and get losses if we are stupid and unable to control our greedy trading behaviours.

[Jawhead999]

No doubt, but you said above is true if Bitcoin price got manipulation from whales. Pump and dump is normal in cryptocurrency since Bitcoin price is high volatility, example last week the price down from $10k to $8,1k in around 30 minutes.

But I don't like you said when the whales or journalism told to sell bitcoin because of cons reasons and buy bitcoin because of pros reasons. I mean, IMO you didn't have much knowledge about bitcoin and didn't know what you invest for. Seems you're only pure following whales or journalism, it's like you doing pure copy-trading from an expert trader. Do you think after you do copy-trading, you will become an expert trader like you thought before?

All you need is knowing what you invest for

[Leviathan.007]

Yes, It's possible.
Since we know there are some whales holding and trading thousands of bitcoins. they can simple manipulate the price by buying and selling million dollars of bitcoins. Unfortunately, this is happening on altcoins too. A whale or a group of whales manipulating the price to take some advantage out of it.

[fiulpro]

Okay , so I would try and explain why I think it is possible to do so .
Reasons:-

Market is controlled by Whales , which accounts for 50% of the total Bitcoins owned by anyone. therefore it is very easy for them to control the prices .

Whales are responsible for pouring out the money and selling Bitcoins changing the price drastically, it have been proven over the years.

In August 2019 , the total number of Whales hit the highest number of wallets considering the past , therefore the manipulation of market will keep on happening for years to come .

[20kevin20]

They're called waves of FOMO and waves of FUD. Whenever one begins, you can almost always expect a pretty major price change. Twitter always shows a sneak-peek of these waves, quick searches of $BTC usually give you a feeling of which of the waves began. You'd be surprised to see how silent and sad Twitter was regarding BTC tweets back in 2015 when BTC was on its biggest downfall..

These waves could easily be started by whales. Own 1-10k BTC and you'd be in easy control over the markets to your own advantage

[LogitechMouse]

With the current market cap of the Bitcoin, it is definitely possible.

Compare to other traditional markets, the total market cap of crypto in general is relatively low so price manipulation can easily happen to Bitcoin. Whales are doing this and they can do this anytime they want. The can also pump and dump any coin in an exchange if they want to do it.

The only way to prevent this at least is to increase the total money that is going to the market. We increase the total market cap of crypto.

[boyptc]

As the other markets too.

Usual markets do have this manipulation and in bitcoin, we all assume that there is but in the traditional markets, there's a regulation that they are following whilst in bitcoin's, there's none.

Can we do something with that? we just ride them.

[pooya87]

there is a huge difference between "control" and "manipulate" and you are confusing the two together.
controlling price is what is happening in the altcoin market where the premine owners, the company that owns and controls the altcoin, or the big altcoin whales (in some cases a small whale) can change the price at any time and with any percentages in any direction that they want. this is called control.
manipulation on the other hand is simply affecting the price on a much smaller scale. it happens in literary any market that you can think of. from traditional markets to any goods you buy and to stock market,... bitcoin is not an exception to this rule either.

[Tahid12]

Of course they can manupulate bitcoin price when they want to do it and that's a very normal matter in cryto market. So you had better  avoid picnic sell. at first try to understand the whole market condition before buy or sell any cryto currency

[Oasisman]

There's a direct manipulation where whales make massive sell-off and massive buy outs. Thus, causing an impact to the market price. Then there's an indirect manipulation using the speculative tools where blogs and articles are discussing things that could change the market sentiments. Persuading people when to buy and when to sell.
Anyway, It's still up to you how you ride the manipulation when you're already aware about this.

[Cityhunter123]

I do not think that anyone other than financial whales can somehow affect the price of bitcoin, except for spontaneous changes in the action of most of the investors

[salamat700]

In my view, any market can be manipulated though I understand that in other markets regulations can be in place and there are many watchdogs ready to investigate and prosecute if needed. We don't have that yet in cryptocurrency although regulations in different countries are now starting to sprout. We can still consider cryptocurrency (Bitcoin and the rest of the gang) to be a baby, so we might as well expect more regulations to be drawn and implemented as years are to slowly turn. Manipulations can be so creative so there are many ways this can be done and there can be many players involved, all done with the aim of making a profit.

[kryptqnick]

there is a huge difference between "control" and "manipulate" and you are confusing the two together.
controlling price is what is happening in the altcoin market where the premine owners, the company that owns and controls the altcoin, or the big altcoin whales (in some cases a small whale) can change the price at any time and with any percentages in any direction that they want. this is called control.
manipulation on the other hand is simply affecting the price on a much smaller scale. it happens in literary any market that you can think of. from traditional markets to any goods you buy and to stock market,... bitcoin is not an exception to this rule either.

I like this distinction. Using this terminology, I'd say nobody has control over the price of Bitcoin. As for manipulations, you're saying that it's about smaller changes of the price (right?), but how small are we talking? 'Cause I could believe that a big company could make the price go 2% up in 24 hours, I'd be hesitant is someone said that a 10% drop is caused by the whales, and I would say it's a conspiracy if we're talking about 15% change or more. The op is talking about 'manipulation everywhere' from 2017 till 2020, and this is something I can't believe in. What would you say?

[Velkro]

Manipulating bitcoin price is easily possible & Controled by big fish Trades, whales & holders. If we notice bitcoin chart from January 2017 to till 2020, Eerywhere  indicates manupulation. After making market bullish, they told us a fairy story that bitcoin is illegal. Can be stolen by hackers, Reasons for money laundering and so ban by usa, china, india or bla bla bla. Then people sell their hodling share to save theirs balance and thus market drops.

Its not that easy as you described it. In past reasonable amount of money could manipulate market easily. But now when its millions and billions are involved its not that easy anymore.
Sure wealthy or group of rich people can try to manipulate price but its not something that couldn't backfire.
Its not easy job, so in general you just dont care about it unless you trade a lot.

[maydna]

I don't mind if the whales manipulate the market. As long as I can take part in that market, I think I will be able to make a profit too, although the profit is not too big as the whales. I think the other market is the same as the crypto market, and we cannot do anything except follow the market, or we leave the market for a while.

We need to adjust or to have the other strategy based on the market movement, so we can use the different method if the market suddenly changes the direction. If we can prepare for the worst thing that can happen in the market, I think we will be okay, and we will have the opportunity to use the time for our benefits.

[hatshepsut93]

Conspiracies are not as easy to execute as you might think. Imagine a group of whales agreeing to pump the price to some level, let's say $20,000 and then dump it. Then there is a huge incentive for members of this group to sell early and take the most profit. It would take just one whale to sell his stash at $19,000 to bury this plan and ruin the profits for the rest of the group. If you tried in real life to approach a whale and suggest to manipulate the market, they would laugh, because they know it's a stupid idea.

Manipulation happens on smaller markets, like altcoins, where a single entity has enough money to move the market alone.

Also, what might look to you like a manipulation is often just a market being irrational. All markets go through bullish and bearish cycles, and these patterns are especially clear with speculative markets like Bitcoin.

[taufik123]

The possibility of bitcoin price manipulation by an elite whales group will be very profitable. Make good news about bitcoin which will soon be dumped up to $ 100k, making a new conspiracy about the future of bitcoin.

Whatever they can do with the help of the media and they (Whales) pay the media to make the news as they want. When the profits are quite a lot, then they start a massive dump with FUD spread across all media.

As small traders we can only follow the games they make, but we also have to learn how to be Whales and follow their games safely without having to get involved in the FOMO they created.

[gantez]

Manipulation is part of the business of cryptocurrency as I have seen also. Sometimes market moves without a reason that has nothing with economic indicator. This simply means fund created in the market. It can be fake information that will create fear or anxiety and the traders starts reaction in making orders.