If bitcoin is not manipulated, pumped and dumped, what will it be called when the 2022 bear season arrives and bitcoin plummets from $69k to $15k? Not to mention the bear seasons before 2022, bitcoin even dropped 90% before rising again, this is not a game of manipulation, pump and dump, what is this called?
In a pump and dump scheme, a project is hyped
falsely meaning people create hype around a project for basically nothing which controls the price of the coin before taking out profits. Yes, bitcoin is volatile but it is not because of some false narratives. It is rather affected by different kinds of factors such as economic sentiments or global events.
They are not made to control the price of bitcoin and that is the difference between a pump and dump scheme and the simple volatile nature of bitcoin.