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.
Agreed, we may want to hide away from it, or possibly just not decide to pay any attention to it, but the fact remains that one way or the other, the big cats are always around the corner, squashing the small rats. Manipulation is even more prone in a space where regulation is not even available, and everyone is pleased to do whatever they like without any repercussion at least for now.
Some of the things we get to see here are just some things we cannot see in regulated markets obviously. The volatility is still there anyway, but I guess it is still one of the things we will get to contend with for the mean time.