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/Wow, thank you for such an interesting link! However dont overreact so much, i think if we look at traditional stock markets we might see the same thing. May be in lower scale, but if you read financial news and follow the financial markets there are some manipulations that happen all the time. Financial markets including "baby" crypto might try to be transparent, but that will never happen to an absolute extent, as there will always be entities that will try to manipulate the market, following their own benefit.
You are not wrong! Sure, there are some few manipulations since there are the big whales in any market anyway, but we also have to understand that somethings that can be done in this market and some would go scot free is not something you will do in stock market and go free with it since it is a regulated market and you would not want to do something that would land you in jail as manipulation is a serious offense.