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?
I won't deny the fact that manipulation does occur in crypto market because we have all seen some pump and dump coins.
The thing is, it requires a higher liquidity to manipulate cryptocurrencies and so whales decide to target coins which have a lower marktecap.
It becomes easier to them to manipulate the price and this is reason why we haven't seen large cap coins being manipulated.
Come on guys, no need to deny when fact has been that all markets are open to some sort of manipulation since the time we could click on our computer to buy or sell something. That's at least 15 years before crypto exchanges.
Remember when toilet paper was scarce and even oil became negative price? You think that's not manipulation?
I think we need to grow up and just move on. At least BTC is not as exposed as shitcoins.
Yep - BTC is the biggest one and the hardest one to crack with such gimmicks.
That's one of the reasons it's trusted by both ordinary people and institutions alike.
I agree with you.