Post
Topic
Board Speculation
Re: Can someone manipulate the price of bitcoin?
by
dothebeats
on 05/12/2018, 09:49:41 UTC
my opinion on manipulation is that it's less prevalent and more difficult to pull off than people think. the market is globally distributed, with some exchanges in shady and unregulated jurisdictions and others tightly regulated. certainly, large players may try to manipulate the market, but it's easier said than done. what often happens is a smaller whale gets eaten by a bigger whale---or he gets eaten by the market as a whole.

In the current times, perhaps it's even difficult to pull off, but always remember that even in closely and highly regulated markets, this is still occurring without anyone being prosecuted and brought to the courtroom. Knowing how scattered and large the market is now, it's hard to pull it off, but also knowing that a single sell-off, even just tens of thousands of bitcoin in the market, can flood the whole market, it's still easy to do this for those who have the $$$ and BTC.