Post
Topic
Board Speculation
Re: Bitcoin price? Who is making it?
by
Wevariant
on 29/05/2016, 17:13:22 UTC
No one is making the Bitcoin price is is decided by allot of other things I do not know about. There are some people here on this forum that know precisely how the prise works and stuff.

the exchangers are making the price by using the bots as Mtgox did it in the past. it's so simple Smiley

Are you sure? there are a lot of exchanges and a lot of people that have an interest in exchange or mining, it's difficult a "trust" behind it...

there are only 5-6 big exchangers and these ones are forming a cartel(example: Bitstamp and Coinbase are twin brothers; same shareholders). they are using bots too.
The small exchangers are taking the price from the biggest ones . Smiley

it's so simple to manipulate the price.

That could be true, the price at the Chinese exchanges are around $590, but the bitstamp and coinbase are just $520.