The majority of crypto prices, volumes and market cap is a lie. This is due to exchanges working together to price fix through bots on their site, often giving them and advantage by allowing bots to trade when their site is down.

You've also got the drama unfolding now of Bitfinex "Printing" tethers out of nowhere (while using a bot to maintain its 1usd value) to then later pump bitcoin/alts on the market. For example:

https://pbs.twimg.com/media/DPpJPsiW4AAqsSq.jpg:large

In fact, i'd wager, the vast majority of coins out there, NEM included, has been suckered into this massive exchange manipulation thats going on, done through the creation of Tether. This rabbit hole goes deep and if i had invested any sizable sum into the market, i'd be extremely worried and have probably dumped some time ago.


If you use Bitfinex, or ANY exchange that trades Tether, i'd seriously consider withdrawing funds/selling/get an exit strategy in order, cos if this unfolds in the way it could, this could quite plausibly ruin the market. Think mount Gox -- they pulled the same stunt, with the same bots and manipulation. but this is across multiples of exchanges through the creation of Tether.

I believe This is going to end bad.
 
Unless decentralized exchanges are worked on asap, they will be the undoing of the market. Too many of them have far too much influence and are mostly ran by professional criminals and scammers. They are nothing but the corrupt banksters of the crypto world.