I was expecting that For Sure all the way will get more votes and thats what happening here. Yes, everyone knows very well that market manipulation is prime business here to make some good fortune. Who does that ? Off course the whales are big players in that and they will always keep doing such things all the time for their own benefit. They dont care if you are loosing money because in this game someone has to loose their money so that others can gain from it. For example, whenever there is panic seller who is selling his BTC at cheap rates then at the same time whales would be buying it. And create situation like this, market needs to be manipulated badly and they do it all the time.
I guess what I don't understand is how they make money if they sell at a loss? If they are pumping and dumping, then why is there more dumping than pumping?
They don't sell at a loss
Intentionally they are buying at cheap price from panicking people
then Its where the pump comes in
an easy profit from the whales
Though sometimes whales, eat their own
Always an easy profit for them as long as the market keeps remaining speculative in nature. This is one of the reasons why we have always said things like people should focus more on the currency aspect and the value it brings as well as real life usage than wanting to get rich overnight.
As long as there are people with such emotions and they tend to be a reactionary investor based on price movement and speculation, then they are the ones the whales obviously target and for that reason, they tend to gain so much from manipulating the market.