Authored by Omid Malekan via Medium.com,
Is the price of Bitcoin manipulated?
That the answer to that question must be yes is one of the few things that most people, from crypto maximalists to blockchain skeptics, agree on. And not just the typical kinds of market irregularities that one expects from a young asset class, but manipulation that has a material impact on price for more than a fleeting second – and makes one question the integrity of the whole shebang. Here is famous crypto critic Nouriel Roubini:
4800 Pump & Dump schemes! Crypto is THE most manipulated financial market in ALL human history & manipulation of “assets” that are all shitcoins & worth ZERO. It makes the Wolf of Wall Street look like a naive amateur. And in spite of this sleaze shitcoins lost 95% this year! https://t.co/iqfuWiOHfz
— Nouriel Roubini (@Nouriel) December 21, 2018
As a general rule thumb, any…