How can you arbitrage something when the price rise is fast and its process of arbitraging takes long time. You cant.
Sure you can can...You just sell your coins at the market when the price is artificially high.
Listen, I'm not saying they can't make bubbles and play games with the price.
What i'm saying is LONG TERM they can't control the price.
Anyway i've made my point. If you dont believe me or dont get it,
I dont have time to try to convince you, sorry.