I was thinking on some news i read a couple days ago some news about the bitcoin price manipulation. What would happen if we make a coordinated trading whit a high number of tradings partners explaining better buying and selling at the same time with all tradings partners buying will grow up the price and selling will down the price in some way the price will be predictable it could work better in low price cryptocurrency like NXT on USDT to manipulate the cryptocurrencys price a high amount of money is necessary but if we dont have a high amount of money we need many tradings partners operating at the same time it could get the maximum profit for all please tell me if it could work
I think that's one of the downsides of having a decentralized type of currency. A large number of people could convene and collude to manipulate the price of certain coins that could really affect how small players in the market. If there is truth to that, I think that other players should try to neutralize this from really making a big impact in the market so that it would not be unfair for those who are just trying to make it big in this market without doing anything but looking at the market closely. If some number of people could manipulate the value of some coins to make their trades more valuable, isn't that a form of cheating already?