I observe this also. The recovery process of altcoins especially bitcoins are very fast compared to the time span of the dump. I'm wondering if someone is manipulating all the price of cryptocurrency. There are many speculation on the forum that the altcoins are just in bubble that's why I'm thinking now if I'm still gonna hold my assets or convert now while the price is still high.
Obviously, manipulation is the main aspect of altcoins. In most cases it's a group effort of a few entities that control the far majority of the circulating coins. Look at Ethereum and Ripple, they are the perfect example of how entities are just buying up their own coins, with the result of the price going up to current insane levels. What happens in the meanwhile is that they are slowly unloading their insanely expensive coins. In other words, those that are buying at current levels will get eaten alive. I was feeling sorry for those that were buying at current levels, but it's now turning into something funny, because seriously, what sheep buys 1ETH at $110?
Agreed. Alt-coins are just pump and dump coins. There are entities behind those price manipulation. You can also find a lot of pump and dump groups popping up here and there. They just pump a coin then if the profit is already present, they will just dump it as fast as they can. Another example is Bytecoin, which jump 250% then going down as fast as it rises. Bitcoin recover quick as well, but its now just a pump and dump coin. It is now fully trusted, market is mature not just to panic sell. It even has a backing of a country now that is going crazy about it
