Post
Topic
Board Economics
Re: How much money and bitcoins do you need to influence the price?
by
Proton2233
on 19/06/2018, 13:16:20 UTC
I think maybe it could be up to $ 1 million to be able to affect the price in the market
Lol! What is $ 1 million? For you it is a lot but any exchange sells several thousand bitcoins every day. In order to manipulate the price of bitcoin you need to invest a lot of money in fake news in the media. Then you need to capture the dominance of all the most popular cryptocurrency exchanges. I think this amount is several billion dollars.