Re: Can we Manipulate Bitcoin price?

Bitcoin marketcap is only around 12 billion dollar so if few billionaire try to manipulate the market they can easily substract/add few billions which can swing price to +/- 10% easily within few hour as well as there are several events which can easily cause panic dump/pump, one of the latest example is yesterday's hoax about china limiting bitcoin trade cause price to drop from $740 to $685 within few hour.

recent events once again confirm the fact that China sets price for Bitcoin. The rest of the people to influence the Bitcoin can not

all of the major miners are from china and the only commercially available miner is produced from china and so china does have a major influence in the price of bitcoin and it will be like that in the future

They have a major influence but they are not the one who have total control in manipulating the price of bitcoin. They are compose of many type of groups. Group of whales, hoarders, pump and dump groups and simply us. Even your single and smallest transaction of purchasing some of bitcoins for your trading investment or gambling can contribute to the price of bitcoin.

There are people who are behind on the manipulation of the price of bitcoin, whales can do that and we do not have the choice but to dance with their music. We know how to dance because we have been here for so long and every time there's a price pump we benefited.