If you’re concerned about paying for goods in crypto due to its price volatility, it’s worth noting that a fair bit of that price volatility isn’t just the herd stampeding in one direction or another.
Just as there are good reasons many cryptocurrencies can see prices rise or fall rapidly — a successful step in development, a big new use case or simply signs that it’s being adopted by users can drive prices very rapidly in the volatile industry — there are many ways they can be manipulated.
Here’s a look at how it happens, and why it matters.
What Manipulation?
In some ways, crypto market manipulation resembles manipulation on traditional exchanges — pump and dumps, wash trading, spoofing, stop hunting and simply spreading false rumors (which can be fairly easy to do in crypto).
Then there are tactics more distinctive to crypto, notably buy and sell walls created by “whales,” or owners of huge blocks of cryptocurrencies. This isn’t limited to bitcoin. Ethereum’s ether has the same...
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