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It would be kind of naive saying that there’s no way China could manipulate it. I don’t see it as being impossible at all
I know there are many big players who manipulate bitcoin price and make huge profits but can we the bitcointalk members also form a cartel and let bitcoin price never fall?is it possible that we manipulate price as I am sure most of bitcoin users visit this forum
If you are asking the community or the individuals, it can’t be manipulate. All I know is the big whale investors only can do the manipulation of the price value of bitcoin or the Big exchanges site can that also to manipulate due to they get bitcoin by volume.
of course ordinary users will not be able to perform manipulation on bitcoin, need a big team that has substantial capital and good cooperation, such as making issues that affect the price and so forth
In fact even the big whale cannot manipulate the price of bitcoin. Actually the number of bitcoin users are now increasing, and the users of bitcoin are present in all over the world so it is now becoming more and more difficult to manipulate the price of bitcoin. I think even the Chinese who have the more bitcoin users and minor still they cannot manipulate the price of bitcoin.
But the majority of people here says that it’s China’s doing . I don’t even understand . What do they think of themselves . Every bitcoin user is a contributor . Many users are showing up and the price is also increasing, Of course China or whatever it is will have a hardtime . We can see the bigger picture here if all bitcoins has been mined cause the coins will by then be fully circulated .
But What if, The big whale investors Joined to manipulate the price?
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