Quote from: vuluong1995 on September 18, 2018, 02:12:30 AM

Quote from: LuckyKey on September 08, 2018, 07:18:49 PM

Would we ever be able to see (know when) wealthy finance companies working together to buy and sell bitcoin (lower), deliberately throwing money away to lower the price? Add in the $ that's made from shorting the coins (btc & eth shorts have record highs), and they can minimize their losses. No regulation, collectively billions to throw towards the cause, makes for an easy way to manipulate the price downward.

With no regulation (anyone can buy and sell any amount) and the majority of BTC trading volume being worthless (traders and bots running trying to buy and sell enough to make a few bucks), how much selling would it really take to continuously drop the price?

There was a record breaking 10,000 BTC short placed earlier in the week, just before the recent selloff dropped the price. Who knew? The sellers
Taking into account the $ made on the shorting btc and eth, does anyone know what it would take to continuously drive down the price? IMO, I don't think as much $ as people are thinking? Sad

Actually, it can be difficult to know at any time the company, financial wealth, work together to buy and sell bitcoin (lower), the Current capitalization of BTC in particular and the electronic money market in general is still too small compared to other industries such as stock, forex, so susceptible to manipulation especially with respect to the company financial wealth. So now we are playing the game. Play their game due to their manipulation of the market.

Bringing down the price of bitcoin is easy but raising the price is difficult and the problem is this that investors want higher price of bitcoin so that would be able to make some money. Existing investors do not want lower price of bitcoin because they will lose their money. On the other hand I dont think that big finance companies will work together for bitcoin.