Hey guys, so i've read a new report on how much of the exchanges volumes are just wash trading and the numbers are way too high for what real users do>.
This is pretty concerning, since the market might not be nearly as stable and mature as we think, it might all be manipulated.
What do you think of the current state of big exchanges and price manipulations that we experience?
my source:
https://www.blockchaintransparency.org/reports/Everything in this world is being manipulated by some powerful people out there. So, the crypto market is not all different from it and it is more prone to manipulation since it is decentralized.
Supposed to say the same thing but by the way this is short and direct to the point insight.
Anything is manipulated and cryptomarket isn't really exempted on such thing.We have seen forex and stocks do have those price manipulations to drive up a trend and theres no different also into this market.
Get used to it yet these exchangers can possibly manipulate prices.If you can able to spot out then get out if not then try to utilize it- if you are just a trader but if you are just an observer then this thing wont really be a big deal.