MANEUVERING AND CONTROL OF CRYPTOCURRENCY PRICE MOVEMENT IN THE DIGITAL MARKET

Hello to everyone in this wonderful community today and in this great platform at large. I greet you all in good spirit and I want to believe that everyone is doing just great today and if so we give God the praise for the sustenance of life and good health.

I welcome you all you all to yet the kick off of an amazing weekend on this platform once again and I want to believe that we all had fun with friends and families during the week for we all know that it would not be fun working all day throughout the week without resting and that is why the weekend was carved out for that purpose.

It is indeed another glorious day from my end and today I want to start my weekend with a powerful and interesting teaching regarding the cryptocurrency market and I have gotten the title of the discussion which I will be having with you all today and it has been titled MANEUVERING AND CONTROL OF CRYPTOCURRENCY PRICE MOVEMENT IN THE DIGITAL MARKET

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A lot of us on here might be wondering of what benefit is this topic today and what impact does it have, do not worry for I am here to elaborate and explain more about the above topic to you all in a clear and understanding manner as such, I urge you all to stay put as I begin the teaching for today. I wish you all a happy reading!

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Before I proceed to the discussion of today I will like to explain a given term for more and easy understanding of the above topic today which is Manipulation.

WHAT IS MANEUVERING ?

Maneuvering can be seen as the aspect in which an individual or a group of individuals tactically influencing or cleverly making one to do a thing in a deceptive way for the purpose of attaining a set goal and objectives.

It is a way of luring individuals to do certain things in a more cunning way in other to meet an aim which you already desire to have. This also can be seen as the aspect of deceiving individuals to execute certain operations just to have a particular desired outcome by pulling the wool over their eyes.

We can take an example for more understanding. For instance, a trader goes to the market to by goods in wholesale price and few days later he found out that the goods that were purchased by him are deteriorating because of the less value they have.

So for him to let off that goods, he easily comes out with a strategy which will is enticing and as such will capture the minds of individuals to come and purchase the goods in other to make profit from the said goods he has bought which are of leas quality.

What he does is to either create awareness of the goods and probably lie about the goods to be of a certain quantity which will entice and fascinate individuals to quickly patronize him and in the end he sells the goods when they eventually comes to him and afterwards he run away quietly knowing fully well about his actions in the market.

So manipulation is said to be a clever act of deceiving individuals in a way which seems promising just to do a particular thing so that your set objectives can be met and manipulation occurs everywhere in the world today and in everything but today our focus is on the cryptocurrency market trading.

Now that we have gotten the knowledge and understanding about the word manipulation, it is expedient that we relate the given term with the topic of today as though it is the bedrock of today's discussion.

MANEUVERING AND CONTROL IN THE CRYPTOCURRENCY MARKET TRADING

The cryptocurrency space is indeed a vulnerable place where people make use of their influence to get what they desire in a blink of an eye. It is a space full of intellectuals and also naive individuals and all kinds of people in the whole wide world and as such everyone is in for either a thing or another.

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The cryptocurrency market trading is always manipulated by traders especially strong hands in the cryptocurrency market. These individuals called the strong hands are mostly whales holding large amounts of cryptocurrency assets especially that of the Bitcoin asset.

Whales in the cryptocurrency market can decide to manipulate certain cryptocurrency in the trading market for the purpose of luring investors and small traders into the market to perform a particular activity for the purpose of meeting a desirable purpose which is making profits in the cryptocurrency market.

An example of maneuvering in cryptocurrency market trading is seen in the market when the price value of an asset which is currently on a downtrend eventually begins to rise bit by bit and most traders in the same market at that particular time having seen this will immediately execute a buy entry trade because the price of that digital currency is said to be rising.

The more the buy entry, the more the volume of the trade increases and like I said this can be an act of manipulation by the whales. They tend to buy a large amount of the cryptocurrency asset at a particular price just to dump it on other traders and when those traders also come to purchase the said digital currency, the whales immediately dump the cryptocurrency asset on the vulnerable traders and exit with their profits.

It can also be a sell manipulation where we get to see a cryptocurrency asset which is currently in an uptrend eventually begins to depict lower lows which in turn indicates a downtrend movement coming up soon.

A trader who is naive and eager to make profit in the market will quickly execute a sell trade for him or her not to miss the market without knowing that it is a market manipulation created by strong hands in the cryptocurrency space trying to make profits with small traders.

And when the market price of the said asset takes a downtrend movement for a little while and eventually reversed back to the initial trend movement, the traders who already executed a sell entry order will be making losses already in the market and if care if the market continues on that trend, there is every tendency that they might lose their funds in the market.

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CONCLUSION

To conclude this discussion for today, I will say that although we all want to make profit in the cryptocurrency market and hence everyone in the space is just out there for personal self and not for others and as such we all have to be very careful especially when it comes to trading and investing our funds in the digital market.

Do not purchase any cryptocurrency asset because you have noticed a rise in the asset price and just for you not to miss the profit you then purchase a large amount of the cryptocurrency asset for the sudden increase in the price of that asset might be a manipulation by the strong hands to make profits with the small traders and those who are naive and vulnerable.

Always make your fundamental analysis regarding the market and wait to see the actual activity of the market before executing your trade and also make research about the said asset you wish to invest on before investing your money. Thank you all and I hope this discussion was beneficial to you all. See you next time.