Coin market manipulation?

BLUEJAYWAY · January 1, 2015 4:26PM

I've been reading the PM's forum quite a bit during my membership here and read much on the suspected manipulation of the stock,gold,silver markets. Does this exist in the coin market or is it harder to attain such a manipulation due to posted/known mintages of the various coinage.

Boosibri · January 1, 2015 6:17PM

There is no such thing as paranoia. No. Not in the 21st century. Paranoia is just another word for ignorance.

- Hunter S. Thompson

lasvegasteddy · January 1, 2015 6:32PM

it's not as uncommon as one may think

over on registry forum there's a thread on one guy who was "hoarding" 1909 vdb matte proof lincolns
prices reflected it
trying to stay on top in cornering that market
now he's decided to sell and is selling his hoard of 52
now prices will reflect this too

this hobby has greed interlaced...not all are....but most have a fair share of it
so many hoard...which can be a form of manipulation in it's core form

there are many examples that can be given here...i'll let others chime in
but some aspects will not be discussed in such a public display

chiefbob · January 1, 2015 9:53PM

Manipulation could also be a euphemism for clever/deceptive/hyped (take your pick) marketing practices by the big money guys. They move us in the direction they desire.

crypto79 · January 1, 2015 10:29PM

<< Manipulation could also be a euphemism for clever/deceptive/hyped (take your pick) marketing practices by the big money guys. They move us in the direction they desire. >>

The market is manipulated by people's pure participation, granted some people participate more enthusiastically than others

joebb21 · January 1, 2015 11:05PM

Of course the coin market is being manipulated by some of the big players on a daily basis.
Sometimes its to support their own position, sometimes its to create the market and sometimes its both.

OPA · January 1, 2015 11:43PM

If you consider the "market makers" of any asset group as manipulators, your answer would be yes. However, supply and demand is still one of the primary reasons for up or down movements.

ricko · January 2, 2015 12:29AM

Supply and demand drive the market (all markets)....control the supply and demand will react accordingly.....Cheers, RickO

winky · January 2, 2015 12:59AM

Dealers control all aspects of the market, they just want no one to be able to make any profit on any coin for 5 to 10 years and that is just the way it is.

Boosibri · January 2, 2015 1:06AM

<< Dealers control all aspects of the market, they just want no one to be able to make any profit on any coin for 5 to 10 years and that is just the way it is. >>

Seems from your posts that you have an issue with dealers. Your experiences and perhaps ability to form successful win-win relationships differs from mine.

Yorkshireman · January 2, 2015 1:13AM

<< 

<< Dealers control all aspects of the market, they just want no one to be able to make any profit on any coin for 5 to 10 years and that is just the way it is. >>

Seems from your posts that you have an issue with dealers. Your experiences and perhaps ability to form successful win-win relationships differs from mine. >>

I agree with Brian. I have actually sold some coins (unfortunately not all) at a profit after less than a year hold when my goals/taste changed. "That is just the way it is."

Sonorandesertrat · January 2, 2015 1:20AM

<< Dealers control all aspects of the market, they just want no one to be able to make any profit on any coin for 5 to 10 years and that is just the way it is. >>

Dealers have to make a profit or else they won't be in business for very long. The availability of the internet has seriously altered the dealer-collector relationship too; collectors now have alternatives to dealers and established auction houses. The real problems, ones that TPGs cannot really fix, is that most collectors do not really understand what they are buying, particularly regarding liquidity, and they don't make an effort to develop a good understanding of the business end of the hobby. It is much harder for a typical collector to intelligently sell coins than it was to buy them in the first place. Even top-shelf coins, if not sold (as well as purchased) intelligently, can leave a collector with red ink. Market timing, not just the passage of 5-10 years, also matters.

C0INB0Y · January 2, 2015 3:32AM

As with any Market, including a manipulated Market, Knowledge is Power, Buyer Beware, Don't Poop where you Eat, etc.

puffer · January 2, 2015 6:17AM

Inertia more than a bunch of fat cats meeting in rooms privately colluding with one another. Universal was pushing $2 1/2 Indians for a while then backed off. If the telemarketers are not pushing something they can get supply of, for which there is real demand, they move on to things that meet their criteria.