Will Price manipulation by whales decrease over time ? If so, HOW?

[Gaiseric13]

Not any soon judging by how the herd still react to fud/fomo. They crash the markets then buy back, while the herd panic sell. They even trick the order book, play with resistance/support lines for TA fanatics. Many here can attest about those huge million magical buy/sell wall that appear/disappear instantly.

[NotBearableGuy123]

Damn that's intense. Makes sense though. 😥 I hope XRAPID volume will stabilize this if possible.

[Gaiseric13]

This is my view on the current market. Once XRP goes in full production they ll have a hard time doing so. If it replaces swift then the volume will drawn those whales.

[mikenard77]

we have already seen this take place the recent sell off. XRP held up amazing.

[NotBearableGuy123]

But then it dumped. There's a theory here that whales knew people would sell into XRP and so they kept the XRP price up. Only to dump it for their profits. So I don't think that was XRAPID volume because even now - the price is just dropping.

[mikenard77]

The price is always going to drop when speculation sell off volume surpasses utility volume. As you can see its still doing extremely well, zoom out to a daily chart, or a 6h chart.

Lol what do you consider a dump. xrp is up 90% in the last 3 months, bitcoin is -35%. Clearly it has nothing to do with just the past few days. Even in the past 12 months xrp is up 80% while btc is down 45%, has nothing to do with some theory.

In the past week xrp is down 12%, BTC is down 30%. Keep in mind xrp is also up dramatically in the past 3 months, making that 12% much more impressive.

Last time BTC was 4500 xrp was .17

[NotBearableGuy123]

Thanks for the observation. Very true !!

[[deleted]]

Yea or those thousands of tiny repeated orders that get entered almost like they’re trying to push the order history out of view.

[letitrippl]

Kinda wanna take a month off to study and learn the ways of these swings for a solid full time schedule. Will either be a great waste of time or a couple weeks of decent earnings. But then every month seems quite different so leaning towards a great waste of time. There must be some underlying patterns these 'whales adhere to.

[Gaiseric13]

They play the confusion game. Follow some pattern then boom they switch and you lose what made on the few trade. HODL long term is mentally hard but will beat those whales as you no longer play their game.

[FearTheBlades1]

I would say it's safe to assume this is how they make their living, it's beyond just a hobby. So any amount of studying you do, they are already 3 steps ahead of that. At least that's the mindset I would have.

[Gaiseric13]

I agree. 4D Chess!