Ofc, it might turn out to be the classic Wall Street chart. Hopefully we’ll see the disbelief phase soon, as a new bull market emerges. But I have my doubts.
The manipulators of this market can keep this thing going for a long time, each time just draining away funds, giving hope and a bit of relief from time to time.
One of the things that still keeps me in, is the knowledge that as easy as it is for “them” to drain this market, they can pump it up in the same manner.
I think it's common for a market to be played with. Whales are just playing around the market and making their own profit in it and it's not bad in my own opinion, I see it as a normal thing that a person with a lot of stakes will do.
There are many ways to move around with the whales, Trying to surf with their thing, Most of us traders want to be a whale someday and it is making us push through these kinds of things, We learn and we apply the things that we experience from the whales surfing around the market.
This crypto history somehow also reminds me of the classic private business MO: governments and the taxpayer providing the funds for projects
(universities, laboratories) which then down the road, get bought up by private business. So the cost of development is on our dime, and the rewards, the profits
are syphoned off to a nice tax haven.
It's not comparable to the bitcoin market I guess, The example comparison you gave is not the same to the bitcoin market but it is a near example to the starting altcoins that ran of the money of the investors. Investments managers now a day finds away in order for an investor to trust them due to past investment ran aways, These makes investment safer than before to regain the trust of the investors before.
The main thing about this is to just surf the waves, We go in this forum because we trust crypto and we believe in it.
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