I think depending on the strength of our money, if we have stock of the bitcoin dominant than circulating in the market then we easily manipulate the price of the bitcoin.
The people that holds a lot of bitcoin can have the power to manipulate the price of it. And we know on how the whales are manipulating the market and there are pump and dump groups that are helping each other to get some decent profit. There is a way to manipulate bitcoins price but it is not that an easy thing if you only have very few.
I think big capital will still be difficult to use to manipulate bitcoin prices. If they do not have a good plan. One person is not enough to manipulate bitcoin prices
When you have a big capital, it's pretty obvious that others have a big capital also. Your chance to manipulate the
price is when you have a big percentage of holding on the pie or the total circulation to make it simple.
Yes, but it is not that easy with manipulating bitcoin.
The market capitalization of it is insanely huge right now, which makes any manipulating very hard, even for the big fishes at the markets.
Currently, its $19,907,616,193 so how do you manipulate a market like that? Only during special incidents, that is possible to launch a big burst of specific positions to achieve your goal
If someone sold 1 satoshi just for 1 dollar would can we actually claim that the Bitcoin price has reached 1M dollars per coin and thus total market cap would be equal 17M x 1M = 17T dollars (i.e. more than 2 times greater than the total market of gold)? Market cap is a meaningless number without knowing how many coins get traded. If only a few bitcoins are traded at current prices (which is how market cap is calculated, just in case) that basically means anyone who has that many coins can easily move the price in any direction