Fed. Reserve manipulating Bitcoin price?

[Dalmar]

I think the opposite is happening, that the NSA or CIA is getting funding from the fed to keep bitcoin propped up so their project doesn't fail.

The real market value of bitcoin is much lower than what it is trading for now.

[zimmah]

gold can be manipulated easily because the same bar of gold is sold over and over.

a lot of people are (believe it or not) stupid enough to buy gold and leave it in a vault, only getting a paper claim on that gold.

Since the gold is often sitting for years or decades in the same vault, they can just resell the same gold and no-one is any wiser.

However, reselling the same bitcoin is pretty much impossible, as it's widely known rule #1 of bitcoin, if you don't own the private key you don't own the bitcoin.

[Wilhelm]

gold can be manipulated easily because the same bar of gold is sold over and over.

a lot of people are (believe it or not) stupid enough to buy gold and leave it in a vault, only getting a paper claim on that gold.

Since the gold is often sitting for years or decades in the same vault, they can just resell the same gold and no-one is any wiser.

However, reselling the same bitcoin is pretty much impossible, as it's widely known rule #1 of bitcoin, if you don't own the private key you don't own the bitcoin.

Yep this is the reason the federal reserve doesn't allow countries to see their gold.
It's been sold again basically making the Federal Reserve a Bernie Madoff like ponzi scheme.

P.S. If the US Government disagrees i'd like a tour of the vaults. And will retract this statement

[picolo]

With all the recent positive news concerning Bitcoin, especially the announcement of Braintree payments accepting BTC, I find it particularly odd that the price has remained steady ...

The Federal Reserve and central banks around the world have been manipulating the price of gold for half a century.  Since bitcoin is a FAR SMALLER market than gold, it's no surprise they are manipulating the Bitcoin price as well ...

Central banks could CRASH the Bitcoin price simply by slowly accumulating BTC then dumping it all at once on the open market ...

They are too busy fixing and destroying the current financial sector and the economy, they are oblivious to the bubbles getting bigger and bigger and they are just keeping pumping money like doing more of what didn't succeed will end up having a positive result

They are not too concern with Bitcoin

[Wilhelm]

Central banks could CRASH the Bitcoin price simply by slowly accumulating BTC then dumping it all at once on the open market ...

It would be fun if Central Banks try this and fail. This due to the fact that people buy the coins at the extremely low prices.
Effectively this would be a Central Bank committing suicide and surrendering to Bitcoin (POWER TO THE PEOPLE!!!)

[minerpumpkin]

gold can be manipulated easily because the same bar of gold is sold over and over.

a lot of people are (believe it or not) stupid enough to buy gold and leave it in a vault, only getting a paper claim on that gold.

Since the gold is often sitting for years or decades in the same vault, they can just resell the same gold and no-one is any wiser.

However, reselling the same bitcoin is pretty much impossible, as it's widely known rule #1 of bitcoin, if you don't own the private key you don't own the bitcoin.

Still people lost thousands, millions of USD in Mt. Gox because they trusted them with their Bitcoins. Their account showed a certain number of Bitcoins in their possession, but in reality Mt. Gox most likely didn't even possess those Bitcoins anymore! This is a fractional reserve and people effectively only got the "I owe you" paper slips, much like with the gold...

[dankkk]

gold can be manipulated easily because the same bar of gold is sold over and over.

a lot of people are (believe it or not) stupid enough to buy gold and leave it in a vault, only getting a paper claim on that gold.

Since the gold is often sitting for years or decades in the same vault, they can just resell the same gold and no-one is any wiser.

However, reselling the same bitcoin is pretty much impossible, as it's widely known rule #1 of bitcoin, if you don't own the private key you don't own the bitcoin.

Still people lost thousands, millions of USD in Mt. Gox because they trusted them with their Bitcoins. Their account showed a certain number of Bitcoins in their possession, but in reality Mt. Gox most likely didn't even possess those Bitcoins anymore! This is a fractional reserve and people effectively only got the "I owe you" paper slips, much like with the gold...

Brokerage firms that allow people to trade gold are much more regulated then bitcoin exchanges. They are subject to audits that make sure that customer funds are kept separate from funds of the firm. They make sure that all of the customer assets are accounted for. 

[liquidiser]

I don't know who did the Mt Gox accounts, but Laurel and Hardy could have done a better job.

[exocytosis]

Central banks could CRASH the Bitcoin price simply by slowly accumulating BTC then dumping it all at once on the open market ...

Then why haven't they done so ...? Think about that for a few minutes, will you.

[Hyena]

What if all the exchanges are infiltrated by central banks and the price and trades shown to us are completely false?

They can do this because people are still so stupid that they don't actually withdraw their coins and dollars from the exchanges. They use exchange accounts as wallets as if they never learned anything from the Gox collapse.

What if the true price is somewhat reflected only in localbitcoins?

Localbitcoins is trading at 567$ while others are at 480$!!!

See it yourself: http://bitcoinity.org/markets/localbitcoins/USD

Why no arbitrage? Suspicious....