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?
I don't think so, the price went so amazing right now and everybody really wanted to dig in on cryptocurrency. In fact many friends of mine wanted to know everything in digital currency, but I don't bother sharing them the entire story of it. They don't know how bloody when it comes to manipulation, so I must take it personally and move on then enjoy how crypto market will be pushed through the waves.
I don't know why you don't bother sharing about crypto to your friends because from what I can understand although manipulation exists in the market and will exist as long as the market itself exists, there is not as much manipulation in the Bitcoin market and imagine Bitcoins being held by rich guys like Michael Saylor and richest guy Elon musk so it ain't that easy to manipulate the market now days.
Also do you think manipulation does not happen in stock market? It does happen there too and more than what one might imagine. Have you recently seen the news about the GameStop short squeeze? It was all about the market manipulation only.