I've been invested in crypto for quite a few years and know a lot more about almost every coin than most of anybody I'll ever talk to. There has been some shit that's been going on, complete manipulation of the market. That goes for both stock markets and crypto markets.
I at one point was invested in over 80 cryptocurrencies. I think right now I'm only in like 15, but there is a remarkable trend that has formed in the past year.
They all move simultaneously. The market is being manipulated on a level I could never imagine possible, and the coins are getting scooped up by the handful.
Buy anything in the top 200.
What entity could be buying all the crypto to manipulate the markets you think? Could it be the same people that print all the US dollars they need?
Governments... The problem is [with BTC and ETH at least] is that once someone or a company or a government acquires a large chunk of a digital asset, it virtually becomes centralized (because they have majority control) and they basically dictate the price with supply and demand, just like what they doing with silver
I've thought about this an awful lot. I think its the U.S. government minting USD coin and flooding the market. But that is just speculation on my part.
Thats actually a solid theory. I never thought of it that way. Do you see the USDT or USDC supply increasing more than decreasing?
oh.... increasing for sure.