Quote from: stadus on March 20, 2017, 07:37:52 AM

Quote from: wxa7115 on March 20, 2017, 06:18:14 AM

Quote from: megynacuna on March 19, 2017, 09:14:58 PM

Quote from: BlokF4No27 on March 15, 2017, 08:43:02 AM

Of course we can, no secret again if china is the largest owner of the bitcoin, many forums which states they unite for get the benefit of the price of the bitcoin.

Well it's worrying but it's possible China can manipulate the prices single handed due to their stake in the Bitcoin mining network and the amount of Bitcoin owners and bitcoins in their possession. The prices are generally regulated by demand and supply and since they have more in their possession they can either creat a demand (by refusing to sell) or create an abundance of supply.

But that will require the collaboration and coordination of thousands of individuals and organization, I think it it is way more likely that just a few big whales are the ones trying to manipulate the price of bitcoin since that is way easier to coordinate than many individuals.

It's either a small group of whales are manipulating the price because it's hard to make a bigger group that would cooperate in manipulating the price.
Although I don't know who really are manipulating the price but I believe it's happening because the price movement is not normal anymore, one time it will pump and the next thing will happen is dump.

The manipulation of Bitcoin price isn't as extreme now as it has been before though. Bitcoin's market cap being over $20 billion, most of the people with that much money aren't willing to take the risk putting so much money into something as risky as Bitcoin, even in small groups.