Crypto Market Manipulation & Decentralisation

in #cryptocurrency6 years ago

The cryptocurrency market conditions these days make it quite convincing that the crypto market is quite easily manipulated by anyone/firms with access to large sum of money. These people or firms don't even need to have the money, and they could go to the market to borrow tens of mils, and come together to agree to begin shorting and make money together.

For a SEC regulated firm, taking tens of mil to manipulate market is so easily done, and they make more than what they spend. If you think that's out of touch, you should know their marketing budget that goes to the bin is tens of mil alone. After an extreme amount of market manipulation, here are 2 things come to mind:

  1. If there's nothing happened to them, time and time again, that's probably why there needs real decentralisation in the first place, and to remove influences of these people/firm. If they even get burnt once, they will begin to behave differently. However, who can pick them out? They are probably more friendly with regulators than you think, so regulators will never do anything to them. So the market needs to achieve real decentralisation to make sure no one entity or even groups of entity can do the manipulation. This is what actually happened to the currency market today as we know it.

  2. Since real decentralisation can not be achieved overnight, and fewer participants in this kind of market conditions will hinder the decentralisation timeline, maybe the only thing crypto investors can do is to leave the most highly manipulated cryptocurrencies, and let these people/firms play themselves?

What are your thoughts? What did you do to minimise your exposure to market manipulations and negative price actions?

Coin Marketplace

STEEM 0.19
TRX 0.13
JST 0.030
BTC 63186.04
ETH 3392.68
USDT 1.00
SBD 2.50