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    Author Topic: is it true that bitcoin prices have ever been manipulated  (Read 423 times)

    • Mhd-Bobbi (OP)
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    May 25, 2018, 03:06:39 PM
    Last edit: August 24, 2018, 05:24:43 PM by Mhd-Bobbi
     #1
    Unlike stock or commodity transactions, the value of Bitcoin is unpredictable. Values ​​can go up and down in one trading day only

    However, there is an indication of the value manipulation of Bitcoin. This manipulation occurred in the year 2013 ago.

    At that time, the price of Bitcoin could rise from US $ 150 coin to US $ 1,000 coin. This increase only occurs in a vulnerable time of only two months.

    There are four researchers who found manipulation. According to them a surge in the value of Bitcoin is done by one person.

    In his paper entitled "Price Manipulation in a Bitcoin Ecosystem" published in the journal Monetary Economics, Neil Gandal, JT Hamrick, Tyler Moore and Tali Oberman describe suspicious activity at the digital currency exchange center (cryptocurrency), Mt. Gox, which affects the value of Bitcoin Cs in 2013.

    As quoted by TechCrunch and quoted CNBC, the researchers found price manipulation done two bots and listed as "??" in the user's country. They named this bot "Mark" and "Willy".

  • yazher
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    May 25, 2018, 03:12:24 PM
     #2
    Many people says that bitcoin is being manipulated by the billionaires and some says by the governments, but all of them can't prove what they saying just a mere opinion. so for me i think Satoshi will answer that. if he ever come back again.

  • mammon
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    May 25, 2018, 03:19:11 PM
     #3

    Simple answer:

  • Mhd-Bobbi (OP)
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    May 25, 2018, 03:23:19 PM
     #4
    Quote from: yazher on May 25, 2018, 03:12:24 PM
    Many people says that bitcoin is being manipulated by the billionaires and some says by the governments, but all of them can't prove what they saying just a mere opinion. so for me i think Satoshi will answer that. if he ever come back again.

    what is their advantage to manipulate it. why not the original price they developed. does it not damage the bitcoin movement. and whether it will cause the price to fall.

  • gentlemand
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    May 25, 2018, 03:23:24 PM
     #5
    Here's a more relevant question - when has the price not been the plaything of a small number of people? Answer - never. Make one's peace with it or wait for a few more decades when there might be a lower chance of it being the case.

  • Mhd-Bobbi (OP)
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    May 25, 2018, 03:37:53 PM
     #6
    Quote from: gentlemand on May 25, 2018, 03:23:24 PM
    Here's a more relevant question - when has the price not been the plaything of a small number of people? Answer - never. Make one's peace with it or wait for a few more decades when there might be a lower chance of it being the case.

    I hope that this bitcoin has a long run. and there is no lie in bitcoin. because they all need bitcoin. let's together keep this bitcoin going well with the original price. all definitely need it. is not that a friend?

  • Doterti
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    July 09, 2018, 02:08:33 PM
     #7
    Quote from: Mhd-Bobbi on May 25, 2018, 03:37:53 PM
    Quote from: gentlemand on May 25, 2018, 03:23:24 PM
    Here's a more relevant question - when has the price not been the plaything of a small number of people? Answer - never. Make one's peace with it or wait for a few more decades when there might be a lower chance of it being the case.

    I hope that this bitcoin has a long run. and there is no lie in bitcoin. because they all need bitcoin. let's together keep this bitcoin going well with the original price. all definitely need it. is not that a friend?


    The bitcoin can't be manipulated because it has good and strong security especially for those hacker that trigger to those who are good income but I think it won't change because little by little the bitcoin is getting increase.

  • 12tribes
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    July 09, 2018, 02:13:22 PM
     #8
    There has never been a market that has not been manipulated and led to either rise or fall, depending on the desire and purpose to which the big names choose it to go. severally, the bitcoin price has come under severe price manipulation and except regulation comes up (How?) there will continue to be price manipulation.

  • 3rrr angels
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    July 09, 2018, 02:31:12 PM
     #9
    Quote from: Mhd-Bobbi on May 25, 2018, 03:06:39 PM
    Unlike stock or commodity transactions, the value of Bitcoin is unpredictable. Values ​​can go up and down in one trading day only

    However, there is an indication of the value manipulation of Bitcoin. This manipulation occurred in the year 2013 ago.

    At that time, the price of Bitcoin could rise from US $ 150 coin to US $ 1,000 coin. This increase only occurs in a vulnerable time of only two months.

    There are four researchers who found manipulation. According to them a surge in the value of Bitcoin is done by one person.

    In his paper entitled "Price Manipulation in a Bitcoin Ecosystem" published in the journal Monetary Economics, Neil Gandal, JT Hamrick, Tyler Moore and Tali Oberman describe suspicious activity at the digital currency exchange center (cryptocurrency), Mt. Gox, which affects the value of Bitcoin Cs in 2013.

    As quoted by TechCrunch and quoted CNBC, the researchers found price manipulation done two bots and listed as "??" in the user's country. They named this bot "Mark" and "Willy".

    Markus buys and sells bitcoins at random prices and does not pay transaction fees. Upon further inspection, Mark actually did not pay to receive Bitcoin. Mark generates 335,889 bitcoins and is active from 14 February 2013 to 27 September 2013.

    Seven hours after Mark becomes inactive, Willy appears with 49 accounts. Each of these Willy accounts sequentially purchases bitcoins worth US $ 2.5 million and then becomes inactive. During this period, bitcoin prices soared.

    I'm also thinking of the speculation and may be the cause of price fluctuation is due to manipulation of some people who want to buy crypto in very low price so they can earn more profit once  the market recovers.

  • aliichaudhary
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    July 09, 2018, 02:31:39 PM
     #10
    Yes, there has never been a market that has not been manipulated and led to either rise or fall. Bitcoin market also had been manipulated many times

  • Vimukkthi Vithanage
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    July 09, 2018, 02:33:49 PM
     #11
    I think yes , bitcoin is more reliable and trusted now than before. so I believe in it. you are right

  • aliichaudhary
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    July 09, 2018, 02:45:21 PM
     #12
    Yes, there has never been a market that has not been manipulated and led to either rise or fall. Bitcoin market also had been manipulated many times.

  • vickybitcoin
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    July 09, 2018, 02:51:40 PM
     #13
    Quote from: Mhd-Bobbi on May 25, 2018, 03:06:39 PM
    Unlike stock or commodity transactions, the value of Bitcoin is unpredictable. Values ​​can go up and down in one trading day only

    However, there is an indication of the value manipulation of Bitcoin. This manipulation occurred in the year 2013 ago.

    At that time, the price of Bitcoin could rise from US $ 150 coin to US $ 1,000 coin. This increase only occurs in a vulnerable time of only two months.

    There are four researchers who found manipulation. According to them a surge in the value of Bitcoin is done by one person.

    In his paper entitled "Price Manipulation in a Bitcoin Ecosystem" published in the journal Monetary Economics, Neil Gandal, JT Hamrick, Tyler Moore and Tali Oberman describe suspicious activity at the digital currency exchange center (cryptocurrency), Mt. Gox, which affects the value of Bitcoin Cs in 2013.

    As quoted by TechCrunch and quoted CNBC, the researchers found price manipulation done two bots and listed as "??" in the user's country. They named this bot "Mark" and "Willy".

    Markus buys and sells bitcoins at random prices and does not pay transaction fees. Upon further inspection, Mark actually did not pay to receive Bitcoin. Mark generates 335,889 bitcoins and is active from 14 February 2013 to 27 September 2013.

    Seven hours after Mark becomes inactive, Willy appears with 49 accounts. Each of these Willy accounts sequentially purchases bitcoins worth US $ 2.5 million and then becomes inactive. During this period, bitcoin prices soared.
    Right now this are mere speculations nothing has proven that this are true. In essence if this is ever will be real then surely this investment would not be as big as it is right now. The fact that many people all over the world invest in it means they trust this investment. And as a platform this has really gives comfort and effeciency given the advent of technology that we are in. Every transactions is just a click away.

  • cryptoblue77
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    July 09, 2018, 02:56:46 PM
     #14
    It is definitely true that big players have been manipulating Bitcoin price for some time. Last year, bitcoin price has jumped under 1k to 20k, which was definitely the result of manipulation. Small investors are suffering losses because of them.

  • Virtual miner
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    July 09, 2018, 03:03:07 PM
     #15
    Yes of course. market manipulations have always been there and this is how the market really works. Market is being manipulated several times and it is the majority only that has got the power to manipulate the market. And the market manipulation has not to be always taken in the negative context, because many a times the manipulated market has helped the bitcoiners earn good profits.
    Quote from: cryptoblue77 on July 09, 2018, 02:56:46 PM
    It is definitely true that big players have been manipulating Bitcoin price for some time. Last year, bitcoin price has jumped under 1k to 20k, which was definitely the result of manipulation. Small investors are suffering losses because of them.
    Not always do the small investors suffer the losses. It's a matter of time that what you get through in the market.

  • YuginKadoya
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    July 09, 2018, 03:24:31 PM
     #16
    Actually by means of a manipulation there never has been a total manipulation with the price by editing the value or changing the real price of bitcoin they will need to have a lot of resources in doing it, And by buying a massive amount of bitcoin they will surely pump the price, And if they would sell all of it they can make the price crash in an instant, I really think there are a lot of whale players in the market and they sometimes are causing the pump and dump in the value of bitcoin.

  • lukamodric94
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    July 09, 2018, 05:30:39 PM
     #17
    Surely the bitcoin was manipulation. A fertile market like cryptocurrency is certainly not out of the rule of manipulation. Another reason is that bitcoin is not managed by the government so it is more prone to manipulation

  • lolland
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    July 09, 2018, 06:16:57 PM
     #18

    I think so, without knowing who  trade what and when, I think is  manipulated.

  • pratik009
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    July 09, 2018, 06:32:02 PM
     #19
    Quote from: Mhd-Bobbi on May 25, 2018, 03:23:19 PM
    Quote from: yazher on May 25, 2018, 03:12:24 PM
    Many people says that bitcoin is being manipulated by the billionaires and some says by the governments, but all of them can't prove what they saying just a mere opinion. so for me i think Satoshi will answer that. if he ever come back again.

    what is their advantage to manipulate it. why not the original price they developed. does it not damage the bitcoin movement. and whether it will cause the price to fall.
    There are many advantages behind the manipulate bitcoin. Let's take one example, There are many big whales it means big investeros and traders available into market and they have hold huge amount of btc.so if they sell alll their btc in bulk then the marketcap of btc has been decreased and that's why the price is also decreased.so they sell all their btc at higher price and buy again at lawer price.so they can get huge amount of profits.

  • royalfestus
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    July 09, 2018, 06:49:47 PM
     #20
    We should not lie to ourself, are you hodlers not benefiting from the manipulation? The manipulation is very expensive to build and a good rise like that of last was steady into 5-6 months, so one can imagine alot of strategies and money put into it. though manipulation left a huge amount of money being removed form the space but those who put money to the manipulation must have1 benefited as well.
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