Recently, we have seen lots of institutional fund to come in the market. Tesla have invested and possibly soon we will see rich people are using BTC as store of value. As the days go, we see the mcap is increasing. When it will increase more, what do you think, will the price manipulation be decreased? Or even effected? If we look at the Tesla announcement, it didn’t create huge changes. India may have a ban on crypto, that doesn’t effect the market. So, as we see the increase in mcap, will we see power of manipulation is decreasing?
Truth is the manipulation will continue to be a part of crypto currency trading; if the manipulation did not end in a bear market; it definitely will not end in a bull market. This is why as traders we must be able to differentiate between a fomo trade and a fud trade; we must also interpret market emotions and ensure that we always buy the rumour and sell the news