You are correct about the fact that crypto is manipulated.
However currencies with true value like Steem are bucking that trend and will continue to do so.
I use a few different crypto's in day to day life. I have invested long term in coins and tokens that i see as having a future. Not many crypto's fill this criteria. Some are just currencies for currencies sake!
I will only buy a token or coin now if the token itself adds something of value that fiat can't or doesn't..
I think there are a lot of problems that are going to hit exchanges. Tether and crypto's like it that are pegged to the dollar will be a problem. This is something that is being hidden from scrutiny. Exchanges say they have the dollar backing from banks but have not had an audit. The volume of these currencies can often exceed the market cap. They are just "printed" into existence..
I am steering clear of those types of crypto's. When the bitcoin and crypto market drops these tokens become the "safe haven" of investors. What will happen if they crash now? When people have put their wealth there to weather the storm??
Without these fake "crypto's" maybe people would use a self supporting crypto like Steem!!
Thank you for a great article, i've followed you..

Steemon!!!