Cryptocurrency market is somehow manipulated especially with a decentralized system. I agree that some of these whales are the early bitcoin holders and some whales are the bigtime individuals and companies. This market really involves a lot of money. Now, can regulation minimize manipulation?
Yeah I agree with you. Due to these manipulators many investors withdrew their money because they realize that they cannot make money because of these manipulators. They will never let small investors to make money from their investment and it is not good for bitcoin on the whole. Investment cap will not increase if there is no demand and investors in the market.