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/It is no longer news that the market is manipulated in a lot of ways. This is a decentralized space and there is no regulation in place that would be able to put manipulators in check and the big guys are always going to be there to do their thing to make as much as possible.
Nevertheless, there is nothing much to worry about if there is manipulation or not, what is important is that once we start seeing real life usage of bitcoin being used in form of a currency and people start seeing the real value, a lot of things will change.