Topic: Coins being manipulated by crypto whales - page 2. (Read 771 times)

That's why small coins are risky to enter.
You either accept that risk or you move forward with bigger caps - they are less vulnerable to such machinations on MM's side.

Market manipulation is an age-long practice that is done across various instruments including the currency market as well as commodities market.  However, it is worst for altcoins market because it requires little amount of money to manipulate them due to their low liquidity. Most times, due to market manipulation of altcoins market, they end up destroying them because when they pump and dump, they hardly rise again because most of those altcoins have no utility and are mainly built on hypes. As soon as the hypes are gone, they dump so hard, never to rise again.

But I think the crypto whale needs to be selective to manipulate the meme coin price. Not many meme coins can be used for pump and dump scheme. That is why we often see some coins can up and down in a short term and makes many people suffer because of their losses. People seems don't care about the big risk of playing with meme coins or tokens because they only focus on searching for the profit. We don't have to follow them because we need to analyze for the coin and not choose randomly in the market.

Agree with that, the smaller the capitalization of a coin means the greater the chance that it can be manipulated. For Bitcoin itself, if whales want to manipulate this market, then they need large resources to move the market since the capitalization is already large, and also it is not too significant since Bitcoin investors are quite a lot globally and we also need to take into account people who are waiting for Bitcoin at a low position, they could enter and make the market rise again.

It doesn't matter if there is manipulation of the ongoing during alt season because the most important thing is that someone can see the opportunity to make big profits. On the contrary, we will see hype that will influence some beginners to experience losses because they are unable to see and read coin analysis and only rely on hype to get into a trap. Usually coins that experience pump and dump in a short time are not fundamental because the development structure of this kind of coin has no long-term direction. So you need to be careful in choosing alts because sometimes we will get caught up in the hype which ends up losing money when we start.

In order to manipulate the price and, accordingly, the entire cryptocurrency market, it is enough to release fake news. I think you haven't forgotten how the SEC's Twitter account was hacked and fake information was posted that the Bitcoin ETF was accepted and how the market reacted to it.

Coins that have few whales holding a large supply of it has the most manipulation because the whales can control the price of the coins anytime that they want. Before investing into any coin, you should research on how the tokens are distributed and since the Blockchain is transparent, the distribution process can not be hidden. It is only memecoins that I have seen that have few whales hodling a large supply yet the project is still doing very well and this is because of the support of the memecoin community. Do not think that there are coins that can not be manipulated because there is known minus Bitcoin that is too big to be manipulated by whales and no whales will want to sell their Bitcoin when they know the value Bitcoin can grow to soon.

When you asked if this applies to altcoins only or ... I expected to see bitcoin, but you said other coins. Cryptocurrency is divided into two (bitcoin and altcoins). If it is not bitcoin, any other coin is called altcoins.
That being said, whales are known for manipulating the cryptocurrency market. In a real manipulation, no coin is above manipulation including BTC. But the chances of directing manipulating BTC is limited unlike that of shits coins with very little market cap.
So, you have nothing to bother because manipulation is part of the industry.

Manipulation is very much possible. There are many techniques like pump and dump, layered orders etc. However, it's hard to manipulate a coin with huge market cap. So whales are choosing mainly memecoins and small shitcoins. Due to their small size, it's really easy to manipulate. Manipulation applies to every single coin available in the market. But higher market cap coins are usually difficult to manipulate.

A lot of whales are actively involved in creation of memecoins as well. Where you get tricked into seeing a Dog's cute face and these whales take home millions of dollars are pulling out their resources at once after creating the hype!

In crypto, anyway

If people can still manipulate stocks (All US politicians do this) and if people can still ask banks to help manipulate our local currencies like happens here in my side of the planet all the time, then no surprise big BTC whales and exchanges can collaborate.

But the effect is less and less, and hardly lasts a while.

So people need to stop being so upset about it.

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.

Smart money in the big coins with big caps - can we consider their flow a manipulation? - For me, in a way, - yes.
But we can only try to understand it ourselves to follow it - to be in the best position possible.
That's it.

Memes can be manipulated in many ways - most likely just be rugged out of the noses of those who believed them to be the memes they imagined in the first place.
So it's always nice to know what lies ahead in the degen trenches for those willing to risk to profit from the memes.

Yep. You either have faith in them or you lose funds trying to do so 
So in order to invest - you need to have clear facts and metrics that the coin / project won't be rugged on a whim.

I've always known this as one of the concerns in the crypto market. This is not only being done by the whales but also the developers of some coins/tokens, they are keen to manipulate it and continue to reap people off their money. Bitcoin was manipulated in the name of being "whales" before it reached this current state of liquidity. By nature, any asset with low liquidity can be manipulated, so I still do not trust the assets that have thousands, millions and even a few billions of dollars in liquidity, they are all susceptible depending on the financial power of the syndicates.

Maybe meme can be manipulate as the price is very low and those people only need to make a noisy in many websites and attract people attention to follow what they say. We will see a psychological war between crypto whale in terms to make a big profit. We must be careful with their play because we will not know what step they will take in the next hours.

If you refer to Bitcoin regulation because of ETF then that is a step in a particular direction which should make the companies holding them less inclined to pump and dump. Having said that I would still believe whales can (or can try to if the want to) manipulate the market. As for others as you rightly mentioned, need to know how to play the game to get an income from their investment.

I think any coins will do but what matters the most is the amount of money that is being poured with it. Basically we need a really huge amount to do such manipulation. If a single person has a small capital but as long as he had partners even if they are also low in budget, it is still possible for them to do a manipulation. The one you said there where people gather, sounds like a pump and dump group but I think they have a big leader behind that also buys the coin at a larger portion.

This is why most of the times, groups like these are not free but it must be the paid ones are the ones that we can earn often or only a few scams can be experienced here. Higher market cap can mean that a lot of people have been investing on that coin and maybe most of those investors are not from the group of the whales and they can have their own decisions, making the coin harder to manipulate as you said.

Manipulating isn't only about having a lot of money for us to buy the coin but it can also be done for free or done in a verbal way like we will spread a FUD for example. Meme coins are already a thing on the past and no, it is not primary built before for manipulation but as its name implies, it is due to that viral meme post. It was a dog to be specific and that is why the first meme coin is named as Dogecoin, and before Doge came in, I think there are already shitcoins that are a vehicle for manipulations.

It should be obvious that manipulating a coin with a low market cap is easier since you need less money to do it, and that is exactly what pump and dump groups do, so there is ample evidence of this being the case, however even big markets can be manipulated but only for a short time frame, whales often take advantage of an event that took place, and then they amplify it through their actions, this way they do not have to use that much money to manipulate the markets and get better results this way.

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.