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.
The centralized market can also be manipulate but one can be noticed with the right tools. Manipulation is everywhere whether in politics or monetary aspect. Crypto is not the only market that manipulation takes place, even in the forex and local market. This can not stop even though the government comes in. There are lots of people that have lots there assets because of manipulation that is why we need to understand what we are doing before we ever think of putting our money in such a thing.