Post
Topic
Board Economics
Re: Can we Manipulate Bitcoin price?
by
rizkyhiw
on 05/01/2017, 09:53:48 UTC
Yes we can manipulate the price of bitcoin using  demand and supply which I believe is the so reason for the recent bitcoin price booming as a result of high demand for btc around the world
yeah the key is in demand and supply if you have a very large capital, surely you can control the demand and supply on the market bitcoin, so you can manipulate the price of bitcoin
I am not sure about it, although trading is just another game of changing market price
But i wondering if someone hold or buy bitcoin like half of the total of bitcoin supply
16,084,087 bitcoin total supply , let's say someone hold half of it 8 million bitcoin
And they are a pro trader , in theory they could really manipulate the price as they wish , but practically we don't know.