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Author Topic: Is all this manipulation good for Bitcoin?  (Read 2704 times)
cafucafucafu
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September 02, 2014, 12:19:27 AM
 #1

Anyone looking at the charts will see whales pushing the price down again and again. Is this good for Bitcoin's PR?


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gentlemand
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September 02, 2014, 12:28:34 AM
 #2

Nope, but that's how it is. It makes the people with money more money.

No market, however huge, is immune from this type of thing.

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September 02, 2014, 01:03:55 AM
 #3

Price going down doesn't mean manipulation.

Bulls have gotten ahead of itself, correction is healthy for bitcoin ecology system.
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September 02, 2014, 01:16:22 AM
 #4

This probably gives newbies a chance to enter the market at attractive valuations.  Smiley


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September 02, 2014, 04:06:12 AM
 #5

Price going down doesn't mean manipulation.

Bulls have gotten ahead of itself, correction is healthy for bitcoin ecology system.
This is true. I do think that the fact that many people often scream manipulation whenever the price of bitcoin falls is a sign that bitcoin does need a small amount of regulation to make sure everyone has a level playing field.

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September 02, 2014, 06:10:16 AM
 #6

Price going down doesn't mean manipulation.

Bulls have gotten ahead of itself, correction is healthy for bitcoin ecology system.
This is true. I do think that the fact that many people often scream manipulation whenever the price of bitcoin falls is a sign that bitcoin does need a small amount of regulation to make sure everyone has a level playing field.
Boy's...get a rope!  This boy must be from New York city!
(chorus) "New York city?"
well yeah, why else would he be calling for regulation :p

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September 02, 2014, 09:56:05 AM
 #7

This probably gives newbies a chance to enter the market at attractive valuations.  Smiley
Yeah it does,I have bought a coin while it went down to 475 today.Might be it could have gone below that??
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September 02, 2014, 12:46:08 PM
 #8

why do you say it is manipulation if the price goes down?
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September 02, 2014, 01:23:36 PM
 #9

This probably gives newbies a chance to enter the market at attractive valuations.  Smiley
Yeah it does,I have bought a coin while it went down to 475 today.Might be it could have gone below that??

You could get it lower than that, if you wait for it to drop.... I was impatient... Last week I snagged one at $493+5 = $498

then when it dropped to $490...i bought another one for $495...only to have the market hit $470.... so Yeah....

Im gonna wait for it tank further or just sit tight!
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September 02, 2014, 02:16:02 PM
 #10

i don't think this is manipulation, the pump to 1200 was manipulation indeed, but now we are retuning to a normal value after that big pump
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September 02, 2014, 03:17:05 PM
 #11

The price stabalizes at the limited range between $470 to $530, is stable, which reflect the true value of BTC. There is nothing to do with manipulation. It is a good time to buy a little bit now.

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September 02, 2014, 03:22:08 PM
 #12

are there any signs there is a manipulation going on though? besides the fact the price is getting lower
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September 02, 2014, 06:07:38 PM
 #13

Anyone looking at the charts will see whales pushing the price down again and again. Is this good for Bitcoin's PR?

So, price going down is manipulation?

Don't seem to hear this kind of accusation when price is going up.
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September 02, 2014, 06:17:42 PM
 #14

No it's not good for bitcoins PR but then again it can be good for those who were late getting into bitcoin when the price goes down to be able to jump in and start investing if they wish. The only people it probably does not help is those who are trying to sell when the price goes down.
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September 02, 2014, 06:36:18 PM
 #15

Anyone looking at the charts will see whales pushing the price down again and again. Is this good for Bitcoin's PR?

If it is going down is good We will be able to buy more cheaper. Everyone will, so there will be way more bitcoin users. Smiley  is just a win-win situation.

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September 02, 2014, 06:45:00 PM
 #16

Manipulation can be good if it is going upward and raise awareness for the local.

It is bad when it is manipulated downward and the local might perceived it as pump and dump.
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September 02, 2014, 09:24:33 PM
 #17


lots of people interested in the market is good
cafucafucafu
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September 02, 2014, 09:41:47 PM
 #18

are there any signs there is a manipulation going on though? besides the fact the price is getting lower

Yes there are signs.

1, Every time the price get past a certain point, some dude/bot dumps a whole amount on a western exchange (usually bitfinex).
2, The price goes back up slowly (usually because of the Chinese).

Repeat ^


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September 03, 2014, 12:35:32 AM
 #19

Manipulation can be good if it is going upward and raise awareness for the local.

Manipulation is never good. Price manipulation upwards is usually followed by the manipulators cashing out.
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September 03, 2014, 05:58:02 AM
 #20

I won't be spending BTC at a loss (under $1250), so keep manipulating it down and no business will ever get mine.

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