Post
Topic
Board Economics
Re: Can we Manipulate Bitcoin price?
by
sahili
on 22/10/2016, 21:21:19 UTC
Manipulate bitcoin is too hard right now you need to have more money if you want the price go increase,and if you want to dump it you will also need too much supply of btc which is hard to have now.
Just leave that to the whales, we cannot do that under our present situation, if the price will be manipulated for the success of bitcoin then there is nothing to complain about that as most likely that's what whales are doing, they manipulate to increase the price more.

True. They are owning a lot of bitcoins so they dont to lose even just for a dollar. They will use their powers for that. With cooperation of many whales it can be easily moved.

It is unfortunate that even in cryptocurrency remains the same rule - one that more assets and control of the situation. We really can not affect the price of Bitcoin. Although you can try to increase the popularity of Bitcoin among the people to demand increased