Can someone control the price ? How ?



  • Hello Burst community.
    In specific to Burst coin - Can an individual control the price in the market and keep it down on purpose or make it go up on purpose ?
    If yes, how can someone do that ? Since buying and selling is two way.



  • @Abhijitap said in Can someone control the price ? How ?:

    Hello Burst community.
    In specific to Burst coin - Can an individual control the price in the market and keep it down on purpose or make it go up on purpose ?
    If yes, how can someone do that ? Since buying and selling is two way.

    Yes via trading sites like poloniex etc .. But for only temp period unless & until he/she has got lot of money & some genuine trading skills



  • Everyone is able to control the price. They can do it by mining, the bigger the mining power the more impact they have. If you are able to control the money supply you are able to control the price. Dumping means the price will go down, holding will make the price go the other way.