How can cryptocurrency be decentralized and manipulated at the same time?


Sergeo2021/07/10 08:21
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Decentralized only means there is no central server. Thus taking down any individual server or group of servers has not effect on the network. All crypto coins have large holders, known as whales. When these whales decide to buy or sell the amount of coins they trading is so large it moves the market. They being traders themselves know this and manipulate the market to their advantage. That is one form of manipulation that can happen in a decentralized market. Also, exchanges, who hold custody to their users positions and can easily see where large blocks of stop orders are, can manipulate the market one way or another.

How can cryptocurrency be decentralized and manipulated at the same time?

Decentralized only means there is no central server.


Thus taking down any individual server or group of servers has not effect on the network. All crypto coins have large holders, known as whales.


When these whales decide to buy or sell the amount of coins they trading is so large it moves the market. They being traders themselves know this and manipulate the market to their advantage.


That is one form of manipulation that can happen in a decentralized market. Also, exchanges, who hold custody to their users positions and can easily see where large blocks of stop orders are, can manipulate the market one way or another.






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