BITCOIN PRICE MANIPULATION :How the GIANTS(traders) play with BITCOIN and how much we CARES.

Technology behind bitcoin is indisputable and for sure, Bitcoin is one of thefinest creation in human history due to its decentralized nature. It has the ability and resourcefulness to reach the unreached.
Bitcoin is considered the most secure and transparent storage of value, where each and every transaction can be checked and verified. Having all these functionalities, Bitcoin still has to overcome certain stumbling blocks/ barriers that can cause
a gigantic impact on its functionality as a global currency. One of these, is the high volatile nature of Bitcoin which might get a fix with it's increasing acceptance over time.
But there is something disastrous that can cause a colossal damage to the ideology and purpose, that Bitcoin is supposed to serve.That one thing is, "MANIPULATION of BITCOIN PRICE" by a few hundred guys or some time a single one. These individuals have hoard of Bitcoins that can be used to buy enough to push the price up and than cash out in minutes.
According to a Bloomberg reporting, there are about 1000 people who own 40 percent of market. Many of the large owners are known to each other. What's more, these giants can coordinate their moves and make the Bitcoin price pump or dump.
Markets are manipulated in a number of ways, which includes Spoofing (making false orders to attract other traders to get in) ,Wash trading (where a trader simulta- neously sells and buys the same financial instrument), and insider trading. These shoddy practices not only destroy the basic purpose of Bitcoin and Crypto, but also an adverse effect on SMALL TRADERS community.

When these Big guys play, no signal or strategy works, thus for small traders it's not a fair deal and most of times they fall prey to these Whales, losing money most of the time.
As the crypto markets started to mature, manipulation hasn't gone away ; only the medium has changed from public chat boxes to slack and telegram groups.

Finally the question is what should be done to eradicate these market manipulations, is there any more pragmatic solution or let it hover around the new world financial system?

Let's shares our insights!