When price drops over and over everybody thinks that is bad and their invesment is going to loose or they already in loose. Generally this causes loosing hope to that coin, and people generally sell and exit from market.This maybe great for manipulators because they want to control market. right now there is a resistance to manipulators and this causes manipulators to gain less. they earn with volatility and it is decreasing as you can see in yearly graph. so best option for manips is reducing volume so that they gain more control. And for to reduce volume they create hopelessness by lowering price. When you see price is going well to high points you feel better but they cut your dreams with a steep fall like just a few days ago. investors sells or waits that cause reduced volume. And when the volume decreases they can ride the price easily.
I think as long we dont panic with market condition and hold our investment for long term, i am believe manipulators can not do anything. They gain from panic seller and if we invest for long term, we will ignore fake news
Yes, manipulators want most of crypto holders to be panic to make us feel uncomfortable in crypto and sell our coin to have dump and they will grab the opportunity to buy coins at low price because of the dump effect and sell after all is already profitable, so generally we are all here in crypto to make profit and its more advantage to those who have good strategy and knowledge in the market.