The crypto market is soooooo manipulated. Its actually reminds me of the classic tactics employed on wall st to create explosive parabolic moves in small and micro cap tickers listed on the NYSE and OTC mrkts.
The one i see most prominently is spoofing. Spoofing is putting up a large bid or ask (buy or sell) and then pulling it at the last second... see ethereum crash.
The different exchanges are immature and need critical mass of users to develop and maintain the liquidity(volume) to prevent this.
The crypto market is soooooo manipulated. Its actually reminds me of the classic tactics employed on wall st to create explosive parabolic moves in small and micro cap tickers listed on the NYSE and OTC mrkts.
The one i see most prominently is spoofing. Spoofing is putting up a large bid or ask (buy or sell) and then pulling it at the last second... see ethereum crash.
The different exchanges are immature and need critical mass of users to develop and maintain the liquidity(volume) to prevent this.
I should've put ''unmanipulated'' instead, good point!
I'm saying its very easy to manipulate because the relatively low volume.