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RE: Crypto Smackdown : Straight from the Playbook
the only 100% thing in my mind is as you say that they can manipulate the market and do it. even if we break it in smaller scales we can take a new coin that mostly nobody buys and it's extremely new and cheap and with a bunch of 10 friends buy a large quantity we can easily then manipulate the market around the coin. that was the simplest example i could think of
Yes, or you can do what they did with SBD recently and wait for an exchange to suspend deposits/withdrawals on a coin with low holdings on the exchange and then pump it massively so that it throws out the average price on coinmarketcap.com so as to convince (almost) everyone that it's on a rally.
you couldn't be more accurate :P