Follow up to previous question of BTC storage

[bad23]

So after reading 7 answers to my question I have concluded that 1 BTC =100 million satoshie, and there is NO pool of BTCs for sale  and all selling or buying takes place on the block chain from a wallet that is on the blockchain. As for new BTCs that are created by the miners, My guess is those are sold to someone that has a wallet on the block chain. Sounds like a closed loop of an operation? So could a billionaire buy a million BTCs and try to pump and dump BTC to control the value like they do in the stock market Dark Pool? I am learning a lot here. Thanks for your inputs.

[SatoPrincess]

Great to see you’re reading the replies on your thread. May I suggest that you continue the discussion on the other thread rather than creating a new one to ask a follow up question. I believe your question is about market manipulation. Is it possible? Well, pump and dump cannot work with bitcoin, those tactics only occurs in shitcoins. Bitcoin markets can be manipulated by spreading FUD and fake news in the media causing panic and forcing investors to sell.

[fikrett]

^ Yeah, it would be wiser to just continue the discussion in the thread that is already in place, if the question is not out of reach of the previous one.

And, definitely - there is no man that would be in his position and say - "today I will buy 1 mil. BTC.
Because I can  ". That's nonsense.

[KyoFi]

So could a billionaire buy a million BTCs and try to pump and dump BTC to control the value like they do in the stock market Dark Pool? I am learning a lot here. Thanks for your inputs.

Market laws also apply in the crypto market, the same as the stock market. So it could be that someone who has millions of Bitcoins does a pump & dump on Bitcoins. The question is, who is the person who can own millions of Bitcoins? even the accumulation of ETFs alone can only collect around 1.3M Bitcoin^[1].

Reference:
[1] https://treasuries.bitbo.io

[Cryptohygenic]

So could a billionaire buy a million BTCs and try to pump and dump BTC to control the value like they do in the stock market Dark Pool? I am learning a lot here. Thanks for your inputs.

Take it easy Op, the bitcoin market manipulations is not like that of the stock market where monopoly economy polices is practiced just to favour a particular trader.
For a billionaire to buy a million of bitcoins is possible as long as he has the money and while the supply bitcoin might not be sufficient to purchase such an amount of bitcoin considering the total number of bitcoin invented and the mined and unmined bitcoin, the Investors can always Dca in buying and accumulating gradually until he get to his limit of purchase.
Indeed Such value of purchase can cause a pump to the market when dump (hodl) but does not give the investor the hands to control the market because it is not a regulating market like the physical trading market.

[FortuneFollower]

So could a billionaire buy a million BTCs and try to pump and dump BTC to control the value like they do in the stock market Dark Pool? I am learning a lot here. Thanks for your inputs.

Market laws also apply in the crypto market, the same as the stock market. So it could be that someone who has millions of Bitcoins does a pump & dump on Bitcoins. The question is, who is the person who can own millions of Bitcoins? even the accumulation of ETFs alone can only collect around 1.3M Bitcoin^[1].

[1] https://treasuries.bitbo.io

And ETFs are regulated from such a thing, we shouldn't forget that.

[btc_angela]

So after reading 7 answers to my question I have concluded that 1 BTC =100 million satoshie, and there is NO pool of BTCs for sale  and all selling or buying takes place on the block chain from a wallet that is on the blockchain. As for new BTCs that are created by the miners, My guess is those are sold to someone that has a wallet on the block chain. Sounds like a closed loop of an operation? So could a billionaire buy a million BTCs and try to pump and dump BTC to control the value like they do in the stock market Dark Pool? I am learning a lot here. Thanks for your inputs.

You mean to manipulate the price? Not at this point, maybe in the early years of Bitcoin, but now that the volume is too big, that not even a billionaire can manipulate it's price to it's favor. As I have said, the market is one all over the world 24x7 and it's very hard to create some manipulation.

On the other hand if someone tries it, maybe it might turn out bad for him and instead of making profits, he might have lose a lot of money along the way. So not only it's not possible, it's not also advisable to do not.

[fikrett]

So after reading 7 answers to my question I have concluded that 1 BTC =100 million satoshie, and there is NO pool of BTCs for sale  and all selling or buying takes place on the block chain from a wallet that is on the blockchain. As for new BTCs that are created by the miners, My guess is those are sold to someone that has a wallet on the block chain. Sounds like a closed loop of an operation? So could a billionaire buy a million BTCs and try to pump and dump BTC to control the value like they do in the stock market Dark Pool? I am learning a lot here. Thanks for your inputs.

You mean to manipulate the price? Not at this point, maybe in the early years of Bitcoin, but now that the volume is too big, that not even a billionaire can manipulate it's price to it's favor. As I have said, the market is one all over the world 24x7 and it's very hard to create some manipulation.

On the other hand if someone tries it, maybe it might turn out bad for him and instead of making profits, he might have lose a lot of money along the way. So not only it's not possible, it's not also advisable to do not.

Nobody that has such an amount of money would do it, simply because he would probably be scared of BTC's volatility and so on.

[Solosanz]

So could a billionaire buy a million BTCs and try to pump and dump BTC to control the value like they do in the stock market Dark Pool?

Possible, probably half of Bitcoin are owned in centralized exchanges, so billionaire can buy Bitcoin through CEX without need to move the coins. If both billionaire and CEX didn't publicize if the billionaire bought Bitcoin, no one will know it.

Bitcoin market cap is really huge, it's worth $1 Trillion. But if few billionaires agree to use their money just to buy Bitcoin, they could own more than 50% of Bitcoin.

[hero_the_bossman]

So could a billionaire buy a million BTCs and try to pump and dump BTC to control the value like they do in the stock market Dark Pool?

Possible, probably half of Bitcoin are owned in centralized exchanges, so billionaire can buy Bitcoin through CEX without need to move the coins. If both billionaire and CEX didn't publicize if the billionaire bought Bitcoin, no one will know it.

Bitcoin market cap is really huge, it's worth $1 Trillion. But if few billionaires agree to use their money just to buy Bitcoin, they could own more than 50% of Bitcoin.

That's a doom scenario due to how much people view their funds and apply proper risk management.
They probably wouldn't try to do so because it would mean a hit-or-miss target for some, whereas they already have the means to make a profit, with stability in mind.

[logfiles]

So after reading 7 answers to my question I have concluded that 1 BTC =100 million satoshie, and there is NO pool of BTCs for sale  and all selling or buying takes place on the block chain from a wallet that is on the blockchain.

The "Pools" that you may be talking about are the centralized exchanges. This is where the most selling and buying takes place and it is where manipulations are likely to take place because everything is done off chain, and we can't know for sure who bought how much unless if the exchange decided to publicize it.

As for new BTCs that are created by the miners, My guess is those are sold to someone that has a wallet on the block chain.

If depends on the kind of exchange the counterparties possess. if it's a decentralized exchange like bisq, thenyou are right, but most of the miners end up depositing to centralized exchange wallets.

Sounds like a closed loop of an operation? So could a billionaire buy a million BTCs and try to pump and dump BTC to control the value like they do in the stock market Dark Pool? I am learning a lot here. Thanks for your inputs.

manipulation do sometimes happen, but there are some things we many never know. The worst is when manipulation happens and such news breaks out, or when someone is about to sell a huge amount and the community gets to know. People tend to panic sell leading to a shake up in price.

[KyoFi]

And ETFs are regulated from such a thing, we shouldn't forget that.

Exactly, so it will be difficult to control the price of Bitcoin in the market.

[OcTradism]

So after reading 7 answers to my question I have concluded that 1 BTC =100 million satoshie

[Did you know?] Bitcoin Table of Units

and there is NO pool of BTCs for sale  and all selling or buying takes place on the block chain from a wallet that is on the blockchain.

There is no staking pool or liquidity pool for Bitcoin but if you want to buy or sell bitcoin, you have to do it Peer to Peer directly with your trade partner or do it with a middle man with Escrow service to make sure both buyer and seller of a trade will be safe in P2P marketplaces, or a last option is buying it on a centralized exchange.

Your bitcoin is stored on blockchain, but if you buy it through a centralized exchange, you don't own private key, you don't own your bitcoin. You can see bitcoin amount in your account but it is only a credited number, and you will only own that bitcoin after withdraw it successfully to your non custodial wallet.

Reminder: do not keep your money in online accounts

So could a billionaire buy a million BTCs and try to pump and dump BTC to control the value like they do in the stock market Dark Pool?

There is market manipulations but Bitcoin is not a pump and dump coin.