I think the 'manipulators' are less frightening than some of you might think. It's probably safe to say that the spot market has become nothing more than a tool to boost their leveraged trades on platforms such as BitMex. Back in the days it was more like them accumulating plenty of coins, pump the market, then dump at others. Right now it's more like them solely resetting the spot market to levels within a safe range.
There doesn't seem to be much desire for them to tank the market to insanely lower levels for maximum profits (at least for now). If they are in for a wild ride, they'll just increase their leverage multipliers and reset the spot market to levels at which their gains are satisfying enough. As long there is enough respect for $5800 people should not worry.
Exchanges globally should put some effort into finding out who and what is contributing to these obvious price resets. As long as that doesn't happen, whales will continue to have free game.
So basically you were telling us that whales can or will not going to break the whole economy down by manipulating prices?
yes, manipulators just want profits by selling at the higher peak, not to break the whole economy. There is something called "price resistant" because not everyone influenced to sell bitcoin and they prefer to hold.
That is true but what they leave after changing prices is a big problem for us small time traders. I really am hoping to that might aswell limiting trades per day but this also removes cryptos opportunities to bitcoins economic growth.
I never heard any exchange limiting trades per day, it's a free global market, people are free to buy and sell as much as they want as long as the volume in an exchangebis enough. The problem is, sometimes exchange place fake volume on their sites to attract people.
I also doubt that exchanges will be going to take an effort for that especially if they are the most beneficial aside from the whales when it comes to sudden change of prices
Correct, exchanges have the power to control all transactions in their platform, including taking the chance to sell bitcoin at the highest peak or buy at the lowest price. It's a race against time, whoever can buy and sell at the right time will get bigger profits than others.