Anyone who has ever invested in precious metals knows what a joke the paper market is in determining price which has nothing at all to do with the actual physical trade of such commodities. As the crypto market is comparatively small in contrast to other markets it is naive to think that it cannot be manipulated. Just before the bitcoin futures market was introduced there was a massive run up in Bitcoin to $20K but then a sudden and progressive downfall. Some might say that this was pre-planned all along as a massive pump and dump. The pro traders make money for their clients on the way up as well as the way down.
The recent crypto crash over the last few days certainly indicated that trading bots were involved as how could it be possible for most cryptos to all go down 20-30% regardless of the validity of the project or coin? Then followed by the almost inevitable buy back the day after. Thus, crypto investors better now get ready for a very bumpy ride ahead as this market like all others will definitely continue to be controlled.
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