Quote from: MarjorieZimmermanGinger on December 01, 2024, 08:55:15 AM

Quote from: CypherMonk on November 30, 2024, 12:21:05 PM

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?

Altcoins are indeed much easier to manipulate by whales because they can liquidate retail traders in and out of the market so quickly that a coin can go up or down. Bitcoin or ETH which has a high value can also be manipulated when they try to play the market but does not show a big effect like in altocin. It's the same as when we talk about the effects of the US presidential election like yesterday where the price of bitcoin could soar even though overall it was not determined by a single event. That's why smart investors will see the moment to make money in the altcoin market because in conditions of manipulation it will cause a high price increase so they will sell all altcoins to make maximum profit.

Of course, in the crypto world, the role of whales is a major factor in price movements, especially altcoins. It can also be said that whales in the crypto world play an important role in shaping market dynamics. However, with the openness of technology and transparency that crypto has, we can track the movements of whales who sometimes secretly move their assets. This makes us as small investors have to be smart in seeing whale movements by analyzing and monitoring their movements to estimate potential price changes. What is certain is that market price movements certainly consist of many things ranging from news, moments and of course whale manipulation. So be smart in investing so you can get profit in reading the direction of market movements.