Post
Topic
Board Economics
Re: Can we Manipulate Bitcoin price?
by
goldcoinminer
on 18/10/2016, 06:38:08 UTC
One man can not do anything but the whole people that are intersted in bitcoins can.
yeah I agree with you I think even if you're someone who has a very large capital and you aim to manipulate the price of bitcoin, it will not be all you can do because you would need a team, there is a lot of work you have to do at the same time when you want to manipulate price, you will not be able to do it alone?
but i think such a big number of people cannot agree on one point, therefore it is not so easy to manipulate the price of bitcoin, it really need a very big investment to so so.

If there are only two points to agree upon, namely, whether the price should rise or it should fall, I see no reason why they couldn't arrive at a decision on this. Further, the minority would have to nolens volens accept what the majority (in total wealth terms, of course) made up their mind to, since otherwise they would be left holding the bag for the latter. I would say it is sooner a problem of trust between the members of the pump group rather than of hypothetical disagreement among them per se...

When money talks, bullshit walks
Nice statement dude, time will come that manipulation can be hard for this people as the more people are adopting bitcoins the more the ownership will increase and the volume as well increases, it is just a matter of time before we can see the price to be stable and I believe it will happen in the near future.