Real market manipulation

[fortunecrypto]

Have you witnessed price manipulation in action?
It's no myth...
And if you're not careful, you could get caught with your pants down.
 
Giants in the playground, practiced in the art of weaponizing their wealth.
Throwing around more money than most can imagine.
 
The first time I watched this in real time, I had no idea what was happening.
 
Unbelievably massive orders were getting placed... removed… and then replaced instantly.
Trades were executing so fast there was no way I could keep up with what was happening.
Price swinging up and down wildly.
 
It seemed so chaotic... disorganized.
In reality the opposite was true - it was exactly as designed.
 
Each part of that situation was beautifully choreographed, like a violent ballet.
Every action deliberate in its goal to get an emotional response.
 
And it works.
Of course it works, they wouldn't do it otherwise.
It is highly illegal, after all.
 
Not understanding what was happening in that situation was dangerous.
This time the goal emotional response was FOMO - the Fear Of Missing Out.
The market manipulator was encouraging that emotion so that other traders would buy.
 
But this wasn't because the giant wanted the price to go up...
Instead... They were selling their bags and getting out.
Once they sold what they wanted to get rid off, they stopped holding the price up…
 
It crashed - fast.
All those people who bought emotionally... Staring at big losses.
 
Have you ever been caught holding the bag?

Manipulation always exist and will continue to exist as long as the market continues to be volatile and there's always a whale, and whales will not go vanish, because there will be always investors willing to take a risk investing a huge amount of money to buy coins that they can manipulate.

[jhonjhon]

This is not new and its always happening. What you were saying is true. Manipulators do this in order to benefit with it and almost all of the members here are get used to it. We even ride on their doings to earn. This is how the market works. Trade smart or loss.

Very well, the only person who panics and perform FOMO are mostly newbies because they are afraid they might loss if they won’t take advantage of it, being smart in trading is a must for you not to loss and don’t let the whales intimidate you instead ride with them.

[Salauddin1994]

Very well, the only person who panics and perform FOMO are mostly newbies because they are afraid they might loss if they won’t take advantage of it, being smart in trading is a must for you not to loss and don’t let the whales intimidate you instead ride with them.

New trader may have likely hesitated most off time because of newbies always thinking always profited market manipulated every time every news every Fomo, Conflicts here Many boroughs act as a problem If you work slowly or think many problems will be solved, they serve as a kind of disorder.

[Muzika]

Maybe if you are one of those whales you will also do the same because you had the ability to do it and by doing it you are able to earn that is why you wont look into the small people because you are manipulating due to being the beneficiary of your actions. This is not new specially in this industry that those whales has the ability to manipulate the market.

[Baofeng]

This is not new and its always happening. What you were saying is true. Manipulators do this in order to benefit with it and almost all of the members here are get used to it. We even ride on their doings to earn. This is how the market works. Trade smart or loss.

.. snip..

Very well, the only person who panics and perform FOMO are mostly newbies because they are afraid they might loss if they won’t take advantage of it, being smart in trading is a must for you not to loss and don’t let the whales intimidate you instead ride with them.

But you can't blame newbies who FOMO, afterall all, they are just starting their career here. And once they got to see how manipulation works first hand, they are going to be mentally tough and not just panic and liquidate their funds and be intimidated.

When I first started my journey here, hmm, I don't know that there are whales and there are a lot of fraudulent practice behind until I read some article. So I try to learn everything and not be swayed by FOMO or FUD around.

[Crypto Denada]

Its always been like this, but what if you can monitor the moves from the whales? 

[bitgolden]

Cool story. May I ask what specific law was violated when you claimed that it's highly illegal? I have seen it happen on multiple exchanges before. It's bad for you if you were not able to take advantage of the temporary pump, it's good if you were able to take profits from that.

I can't really blame any trader who don't see dump or pump coming. It has happened several times in my eyes that a dump was coming but I couldn't see it only to realize the next day, it was a pump. So unfortunate for anyone to experience this too.

The most painful part of it is when you see that pump occur over night while you are sleeping and before you wake up, you only see it in the news because it had already dump. Has that ever happened to you? My problem is not even with the pump and dump, to me, I cannot cheat nature and I dint know why bitcoin price is always rising at night in my country, so many opportunities that I have missed because of the night factor, now what I do is to set automatic trade down.

For the money I am using to trade on short term, I just set my stop loss and take profit, and then leave it to the system to do the rest, though even at that, I cannot always get all the high pump since we have to be very careful not to be greedy also, if I am greedy and set high value, it would still not be different from me trading manually and still missing out at night.

[1Referee]

But you can't blame newbies who FOMO, afterall all, they are just starting their career here. And once they got to see how manipulation works first hand, they are going to be mentally tough and not just panic and liquidate their funds and be intimidated.

When I first started my journey here, hmm, I don't know that there are whales and there are a lot of fraudulent practice behind until I read some article. So I try to learn everything and not be swayed by FOMO or FUD around.

Fomo isn't just related to newbies. It might be more common amongst noobs, but that's about it.

I know enough well experienced traders that do fall for it, and I have been into fomo stages as well, and I can't say beforehand that it won't ever happen again. I'm fairly sure that the odds of it to happen again are higher than the odds of it to not happen.

Market psychology is something people severely underestimate. If you for example had a bad day before your tranding session, you are more likely to make an irrational decision, and so there are many more underlying causes that may lead to irrational decisions. Don't ever assume that you have made it and understand the market. You learn every single day, and I'm happy to read that you're open to it.