Quote from: Supercrypt on March 11, 2017, 04:03:54 PM

Quote from: VanDeinsberg12 on March 11, 2017, 07:43:47 AM

Quote from: Alfa123 on March 09, 2017, 06:44:27 PM

Quote from: Astvile on March 09, 2017, 01:06:24 PM

Bitcoins price is based on supply and demand on the market.More demand higher price more supply down price.Yes you can manipulate bitcoins price if you hold a huge supply or supply that may be enough to sell or buy in the current market status

I do not think that there are many people who hold a large number of bitcoins in order to manipulate the price. But this assumption can not be ignored.

The bitcoin price can't be manipulated, The chinese community not having an enough power to manipulate the bitcoin again. and i think the people with a lot of the bitcoin in their hand just give an impact to make the market will be panic and more newbies try to dump his coin. It will not make the bitcoin easy to get a manipulate by every parties.

Unlike other currencies bitcoin is not centralized and it is not controlled by anyone, the only ones who can change its situation is us the community and if we want to change the price all we have to do is either hold and the price will go up or dump it and the price will go down as simple as that.

That's partially incorrect. When he hold our bitcoins, we increase bitcoin's volatility. It's not necessarily that the price will go up. It will just require less money to pump the price of bitcoins. On the other hand, since that has increased bitcoin's volatility. It will also require less money to dump the price of bitcoins. The actual way to make the price of bitcoin to go up is to buy more bitcoins, not hold it.

Additionally, the effect of your action will depend on how many coins do you have. Supposed that I went all in and sold all of my 1BTC, that doesn't have an effect to the market at all although it has a huge effect on me since that's all I have.