Re: Whales and Manipulation....do you believe it?
In 2017 when I started learning cryptocurrency, I've seen lots of market manipulations especially with the coins that has low market cap. I've seen Bitcoin being manipulated too. Well, that was the time where the total market cap of Bitcoin and altcoins are pretty low because it wasn't as popular as it is right now.
Now in 2024, market manipulations still exists and whales do manipulate still, but they're only focusing on coins that has low market cap. They don't want to manipulate the price of Bitcoin because they can't do it, and if they will, they will need a huge amount of money because of how huge the market cap of Bitcoin is right now. As the years pass by, these whales will have lower chance of manipulating the price of Bitcoin hence, they'll just focus on low market cap altcoins. I still believe in manipulations, and in whales, but it wasn't as many as it is years ago.