Post
Topic
Board Trading Discussion
Re: Market Manipulation! Is it real?
by
gunhell16
on 16/09/2024, 11:51:23 UTC
be manipulate, when these coin are well distributed and decentralized?
Some people still believe that news can be used to manipulate the market. Example is if the United States SEC X account that was compromised could have been actually done by someone intentionally. The aim of the person could be to manipulate the crypto market. But aside that, I do not know how bitcoin price can be manipulated because having a marketcap of over $1 trillion is not a joke. Manipulation is almost impossible unlike on low marketcap coins.

What I also know is that it can affect the market, but it does not have the ability to manipulate the market; that is my understanding of that matter. Though what I know that has the ability to manipulate the market are the giant investors, such as Blackrock, Grayscale, and others.

Because these people, when they sell a large amount of bitcoin, there will definitely be a fall in the value of BTC, and when they also buy a large amount of bitcoin, they will somehow move its price up, especially if the other big whale investors are in these situations.