Post
Topic
Board Economics
Re: Can we Manipulate Bitcoin price?
by
bitkilo
on 03/04/2017, 01:29:51 UTC
I think any market can be manipulated as long as you have the resources for it. The good thing about Bitcoin is that for years, when inflation was very high, the price was really low, and this allowed the currency to reach a larger distribution, making it difficult for the currency to be in the hands of a few, and thus making manipulation very difficult.
but i think with the passage of time it becoming more and moe difficult to manipulate the price of bitcoin. because bitcoin is becoming  more famous and more and more people are accepting bitcoin as currency.
I don't think that bitcoin becoming more well known or just having more people accepting it as a currency would have anything to do with making it harder to manipulate the bitcoin price.

There are still plenty of whales out there that can manipulate the price in the way that suits them.

Yes, now there are still people who keep a large number of bitcoins. They also influence the price of bitcoin. But I really want bitcoin to become free of this influence
Bitcoin will never become free from the people that use it because that is one of the main reasons we are all using it, there is no overall authority telling us what we can and can't do with our bitcoins.
It would be good if the rich couldn't manipulate the price but that just the way it is with a free market.