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?
I mean most of the time and everywhere there are obviously a lot of manipulations that are happening to everything that involves money, I guess it is just because everything can be manipulated by money, but for sure not all the time the cryptocurrency market is manipulated. I mean you are right it is still a decentralized market unless you are referring to the centralized one probably that is where most of the time there is a lot of manipulation happening because there are just some tokens where the developers still have a lot of supply on there hand, so there are a lot of cases where they can easily control the market, I mean they could easily sell a large portion of there holdings and that could easily kill the coin they are holding.
It is actually really easy since people who are capable of manipulation in the market are just the one that has a big amount of holding, but for sure there are only a few people who could probably do that so most of the time if there are some manipulations it was probably a group of whales, or governments, companies, etc.