The Obvious Manipulation and the idiots with their technical analysis getting excited over nothing
It is so obvious that some kind of manipulation is choking the potential price increases of all cryptos. So what is the point of all youtube vids, reddit threads, telegram announcements about new developments. Price will hardly increase anymore.
Those bastards have done it and are weakening the potential gains investors could have.
Manipulation was always a part of mainstream stock market even after heavy regulation by the watchdogs. So it is no surprise that manipulation will take place in crypto market as well where there is no regulator of the market. So big tank sharks with deep pockets, will use the market on their favor, that's an open secret. However, I am failed to understand one thing. I will appreciate if any knowledgeable person can help me understand this.
Lets assume I have 10,000 of bitcoins with me and I am considered a shark or whale whatever you like to call it. Why would I manipulate the market to go down? What's profit I can get out of it? If I have a high exposure in bitcoin, I would always want the market to go up because my net worth will be increasing along with that. The price decrease will not be helping me in any way. That's the basic understanding I have. Can anyone please clarify?