Everyone was cheering institutional investors, crypto funds and what not. And got glowy eyes as the prices were going up.
But do we realize how manipulated this has become? What do we think are this people in for? Yes, profits. Just profits.
Whales and funds will pump and dump this at-will, when they want, how they want. This has become a casino, outright betting, where the house always wins. And the other participants at large, we will scramble guessing when the curve rises and when it falls. And I assume most will be happy going along.
This is not even capitalism anymore, don't be fooled. Capitalism is supposed to have rules, even certain morales. This can safely be called scamming, even with no conventional means of counterweights.
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