Is The Crypto Market so easy to manipulate?
Somewhere around, I don't remember if it was on Steemit or another of the Crypto Social Networks, I read an article which basically stated that the current increase in prices of Bitcoin was triggered by a mystery buyer who bought somewhere around $100 million worth of Bitcoin.
Of course that someone believes in Bitcoin so much as to invest that kind of money can only be good, but is the market so fickle that a splurge worth maybe 0.15% of the market cap can make the market cap go up over 15%?
That means that for the smaller crypto's in the emerging Crypto Social media only a relatively small investment probably a few tens of thousands of dollars could trigger a bull run. I believe this is one of the things that is problematic and liable to make people stay away from crypto, it is just to easy to manipulate the market.
Everyone can see that this is a market that is subject to manipulation, that you can pump the cash register to raise the price and sell. But as long as it is possible to make money, people will be in this market. Human greed knows no boundaries. In 2017 people waited a few years for the bull market and now they will also wait a few years.
And what is happening now on the market are the pumps but this year is supposed to look like this.
Yes, I agree with your point of view, in the meantime I will just wait and see what happens.
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