Post
Topic
Board Trading Discussion
Re: Anyone booked profit when btc touched $ 400 ?
by
btcdevil
on 21/08/2016, 15:50:26 UTC
Bitcoin will never be accepted as a "real" currency if it continues to fluctuate like it has in the past. Nobody wants to buy $600 worth of currency only to have it drop the next day to $480.

In my opinion, there are a select few people making HUGE money manipulating the market. There should be no reason Bitcoin rises and falls $100's (Sometimes over 100%) in such a short time.

That is true. But when the bitcoin is used more, the market cap will be high, it is more difficult to manipulate.

Yeah on a high market cap it is difficult to manipulate bitcoin prices, as it will be impossible then for few people to be influenced on the bitcoin price.

I dont accept the theory what you are telling about high market cap will make difficult to manipulate bitcoin prices, for manipulating any coin bitcoin or altcoin it needs only 10 to 20% of the stock to manipulate the coin  fluctuation. If their is any selling of 5% immediately all small traders start to sell and like this this 10% becomes 25% automatically. For manipulating any coin it dont need high or low market cap it just need the users should have faith on the coin. and they should buy when the price is down and not to sell what they are having with them.