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RE: Musing Posts

in #musing-threads6 years ago

Same things that are happening right now. They'll drive the price as down as possible and buy back on bulk while we, the smaller ones will suffer.

You know trade manipulation isn't a new thing. It was there when everyone traded "silver" and "gold", it was in the stock exchanges, and it is here now in the crypto world. Everybody wants to become rich. Now there are many many unregistered digital entities whose sole purpose is to drive the price up and down. There are countless bots that are doing so too. But what this thousands of manipulators are doing is corrupting the market so bad that now a positive hype has no effect on price increase while negative still is causing the price go down. Its effect is so damning that our crypto market which was thought to be at a 800 billion dollar evaluation at the end of the year is now more than 350 billion lower. Yes, that 350 billion just vanished. and that amount is the profit of the manipulators when and if the price increases and we might find some breadcrumb of that sum if we are lucky.

However, all is not lost. US SEC and Department of Justice has created policies that hopefully might be able to lessen market manipulation. They have made the unregistered trades illegal in US and while more than 35% of the crypto are.in the us its a good news. They have started to regulate and investigate suspicious market drives and turned it into a punishable crime. Another hopeful news is Central Banks of countries that legalized cryptos are starting to enter the market. With the resources at their disposal they are fitting and might be able to fend of any manipulative attempts. And that my friend is why I think manipulators will never be able to totally capture the crypto market.

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