We are not talking about whales, and today's market the danger factors are manipulators from funds, banks and companies who were late to the crypto market, and want to make money off individuals across the board.
How do they do that?
They have access to money they don't own, and they have access to information and products individuals don't have. Is this for real? Absolutely. They are all over the futures contract and the crypo market to manipulate prices, for one reason alone - making money for themselves. They could do that by trashing the tech, trolling the community, painting tapes downwards, paying for news agencies to buzz certain news etc. etc.
What can we the community do?
We should expose these manipulators. But how, if we don't have access of billions of free money they have? The 1st step to curate the space, is to make everyone see the market is no longer making sense, and it's not freely trading as it should be anymore. How do we do that? One simple thing to do is the community all wait and announce good news on the day when their futures contract expire, which is this Friday 26th.
Notably, all good news need to come out on the market one by one, until 4pm London time on the 26th when the future expires. This would make the market trading no longer make sense, and would expose market manipulators quite clearly. What would happen to the market manipulators afterwards? Probably nothing, if history provides any guidance. They would lose once, and may think again before manipulating the market before the next futures contracts expire.
Do you have any better ideas to expose the manipulators? Community, we should do something about it, before the funds, banks, corporates begin to centralise the crypto distribution to themselves again, as what happened today in the fiat system. What are your thoughts?