Everyone wields different powers when it comes to business. Some say that cryptocurrency prices can be manipulated by wealthy individuals. Despite being decentralized, it seems that price movements can be controlled by specific entities.
So, in your opinion, can everything related to money in this world be manipulated? For instance, do you believe that the value of the USD or the largest stock market in the US can be manipulated by a few individuals?
What kind of people are capable of market manipulation?
Very common practice I am sure. It's not about the asset being centralized or decentralized. Infact assets that are centralized are more difficult to manipulate because you can easily come into radar. Decentralisation gives you the ability to remain untraced even after market manipulations. Ove I feel any market can be manipulated. It's more about the market makers, the exchanges and obviously the institutional investor which are primary participants in manipulating the market.