Isn't it common knowledge that the exchanges, especially the non-USA ones, trade fake coins and fake volume to manipulate the price?
I have no proof, just heard one too many trusted member say as much. Plus it would not surprise me. Wherever money can be made through shady means, there are ample shady players willing to jump in.
Everyone hates regulation, but I hate bullshit manipulators worse.
This has been my assumption for awhile. While it was not confirmed, there was
a blog post about it. Of course, there are blog posts that aliens have a base on the moon. But this theory does seem consistent with the relentless selling pressure.
Good Luck!
These questions have also kept me awake an hour or so after my bed time, there does seem to be stupid amount of dumps coming from china, now the question i ask is
- A, Large amount of mining in china and they don't like to hold.
- B, As you have noticed it's the exchanges manipulating the price to accumulate stupid amounts of coin.
- C, Whales just like playing around and are the ones manipulating the price for obvious reasons.
I edge towards A and C because how long would it take for the exchanges to accumulate the desired amount of coin?
On the bright side if it is the exchanges or whales when they have what they want the price will more than likely rocket, so for me it's just the case of holding tight and not panic to whatever happens!
I would rather 0 than give up and see it rocket with sh*t heads taking my profit.
