Is it true, Altcoins price can be manipulate?
I see so many peoples in any Ann thread of altcoins ask for pump and dump. I just don't understand, is this how cryptocurrencies works? While forex trading market move by good news or bad news in around the world.
If Dev or big holders can easy manipulate the price of some altcoins, I think it's not interesting anymore.
If the coins are premine or some whales invested on ico or miners mined a lot of those coins,they can easily manipulate the price so they can pump and dump coins they are holding,so it's good for a coin if there are a lot of people holding instead of only a few ones.