Re: How much money and bitcoins do you need to influence the price?
If the SEC says that the high price increase of last year was manipulation, then they must bring the proof. Let's do our own
informal assessment of the situation and determine what would be needed to cause that kind of a spike in the price.
I'd always believed that the market has been manipulated but you made me shook my head after reading your point about this topic.informal assessment of the situation and determine what would be needed to cause that kind of a spike in the price.
$1 billion isn't enough and even $10 Billion will only give small impact to the price of bitcoin which can move for about +$100 to it's price. (IMO)
Can't say on how much money is needed to make the price move and start manipulating it. I'd say if there is, then it can be a big group that has more $50 billion.