Quote from: Xenophoto on February 22, 2017, 03:12:39 PM

Quote from: Cryptojunkiez on February 22, 2017, 02:38:09 PM

I believe that someone found a way to manipulate the Bitcoin. And that he has already revealed the way how to but nobody believes.
But why would you want to Manipulate something good like the Bitcoin. We should be happy that it exists Wink

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It has never been a secret and everyone knows it from the start. Only way to manipulate bitcoins is to have tons of money. You can pump the market by buying bitcoins. And you can decrease the price of bitcoin by selling tons of bitcoins. But that only increases/decreases the price of bitcoin momentarily

The actual way that you can pump bitcoins in the long run is to talk to rich people and encourage them to invest in bitcoins. Bitcoins is a digital asset and investors are usually interested in this type of investment. Some people don't want to let their money sleep. Saving your money in the bank makes your money just sit there and never increase while in bitcoin, it'll increase as time pass by. You can tell that to interested investors or even to just an average joe as long as he's eager enough to learn bitcoins. You'd help in mass adoption, thus, increase the price of bitcoin. Maybe not right after you've recruited people but after a couple of years.

In practice, you might get better results with less money and vice versa. Ultimately, you may pour a lot of cash into Bitcoin (and from Bitcoin), and still don't get the price change you might be looking for. In this way, it is not just the question of how much money you have. To put it differently, with relevant knowledge and experience you can get more with less. Regarding rich people, this has been discussed before, and the conclusion was that there exists a cut-off limit beyond which investing in Bitcoin wouldn't be worth the effort

In other words, Bitcoin is just too small for a Warren Buffett type of investor