Title: Trading Manipulators Post by: Amphenomenon on October 01, 2023, 07:22:04 PM We know Bitcoin was created as a decentralise Blockchain and its value is base on how we the users value it but its still a known fact that people can be swayed by those big names like Elon Musk and others who are called influencers.
while there are others who try to control the market for their own good, they are called trading manipulators they use various schemes to go against the trustworthiness of cryptocurrency and bitcoin. This as affects some investors trust on the market and some exchanges, even on cryptocurrency as a whole though this is not only people are not only present on crypto market, they are also present in stocks and others. Some ways by which these individuals/groups manipulate the market include the following :
How to identify Manipulators :
How to protect against Trading Manipulators :
Lastly, all these are helpful but are just some ways of protecting against trading manipulators and don't totally believe information gotten from Coinmarketcap especially in regards to trading volume because they most times fabricated. What other ways can one identify and protect against trading manipulators? I know SEC is among those fighting against these set of people and its among the reason bitcoin ETF as not been accepted but lately its seems more like SEC are fighting against Bitcoin and cryptocurrency and this as somehow brings FUD to investors and manipulators as seen this as an opportunity to manipulate the market with this can I say SEC as been instigating trading manipulation? Trading Manipulations. How to Prevent Crypto Market Manipulation? (https://www.linkedin.com/pulse/trading-manipulations-how-prevent-crypto-market-manipulation#:~:text=Crafty%20manipulators%20deploy%20tactics%20that,notorious%20form%20of%20price%20manipulation.) What is Market Manipulation in Cryptocurrency? (https://www.binance.com/en/blog/fiat/what-is-market-manipulation-in-cryptocurrency-421499824684902912) Title: Re: Trading Manipulators Post by: Charles-Tim on October 01, 2023, 07:27:40 PM How to protect against Trading Manipulators : To avoid manipulation, the coin you are trading or holding really matters. Shitcoins are easy to manipulate. Use bitcoin or high marketcap coins instead of the shitcoins with low trading volume.
Include long-term/ Hodling mentality in your trading analysis If you hold shitcoin, the price may continue to drop and long term holding may not be helpful as the coin significantly continue to drop in price.I do not get investment advice and I make my own research which I think is the best. Title: Re: Trading Manipulators Post by: Roseline492 on October 01, 2023, 08:13:52 PM Shitcoins are mostly known for manipulation which pumps and dump, in most cases the influentials tends to use that strategy to make good profits I could remember sometimes back when Elon musk tweeted about a particular coins and within 24hrs the price of that coin skyrocket and after 5hrs the price drops down and by then they had already made there profits and others are left hanging that's why Shitcoin are not worth investing were as the price movement could sometimes be determined by news and influentials.
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