How to protect yourself from manipulation

1. Use trusted platforms:

Choose well-known platforms like Binance, Coinbase, Kraken, and others that have a good reputation in the market.

2. Analyze the market carefully:

Don’t get carried away by rapid price movements. Check market news and data analysis.

3. Ensure liquidity:

Avoid trading in currencies or platforms with low liquidity where manipulation is easier.

4. Don’t get too ambitious:

If you see a currency rising significantly in a short period of time, be careful because it may be part of a Pump and Dump scheme.

5. Review the platform’s history:

Check if the platform has been involved in legal troubles or accusations of manipulation in the past.

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Can manipulation be eliminated?

Despite regulatory efforts by governments and regulatory bodies in many countries, the decentralized and unregulated nature of many cryptocurrencies makes eliminating manipulation a challenge.

However, the impact of manipulation can be reduced by:

Increasing transparency in the market.

Stricter regulation.

Artificial intelligence techniques to analyze trading and detect suspicious patterns.

Always make sure to trade with caution and based on reliable information.