Almost everyone is hating on him right now. There are a lot of things he is doing that harms others while he is gaining benefit. Instead of making him smile as people keeps talking about what he is doing, let us just focus on how we can still win at the game he is playing. Crypto is too strong to be ruined by a man who is worth billion in net worth but has no firm foundation with regards to crypto. Sooner or later, he would be nothing for all of us and those people who outsmarted him will only laugh at him for all the things he have done.
All small investors can do is to keep holding. The truth is that common individuals don't have any influence in this market. Whales play the cards and fishes follow their moves hoping to be benefited by them as well. My fear is that crypto currency totally loses its credibility because a billionaire proved he can play with prices, turning a decentralized environment into a totally centralized one around one individual by the free will of investors.
That is ironic and shocking.
Well, I don't really think you should have that fear cus cryptocurrency aren't going to loose its credibility, anybody in he's right senses know that cryptocurrencies are relatively new and as such, it doest have much volume yet to stand the manipulation or whales unnoticed, it's just a matter of time, as more people discover and start investing heavily in crypto, the crypto market capitalization will rise even higher than all the billionaires money put together, when we get to this level, trust me, even the worlds richest man can buy coins worth billions or trillions of dollars and the market won't shift an inch, just like it is in Forex today.
Anything new in the financial market will definitely be manipulated for sometime by the whales, until it completely out grow the whales who will no longer be able to manipulate it again.
