Post
Topic
Board Trading Discussion
Merits 2 from 1 user
Re: Coins being manipulated by crypto whales
by
Hyphen(-)
on 02/12/2024, 17:10:50 UTC
⭐ Merited by Barikui1 (2)
Recently, it's become a concern that crypto whales can manipulate the market. Does this apply to altcoins only, or can these crypto whales manipulate all coins, including those with a higher market cap?
Manipulation of coin price by whales is very possible because it is happening almost every time, but not with all coins.

Altcoins can be manipulated, especially the altcoins with low market cap; the whales are the main reason some new traders do fail because they always do things to their favour; they are using the influence they have with money to manipulate the market price of some coins, and some influencers are also doing that.

Always stick to Bitcoin, and avoid relying fully on altcoins because the price can be manipulated, and some might not even recover back to your entry.