I saw Bitcoin rising and I was like why, because it's been long I saw Bitcoin rising because it's bitcoin
And searched for Donald Trump (sadly his words currently affects Bitcoin price)
And I saw the post above.
I don't think this manipulation Would end anytime soon. Would this not affect People's trust in cryptocurrency?
What are your thoughts on this.
Donald Trump's activities are more accessible. People did not expect anything from him. Elon Musk has profited millions of dollars from the crypto market by manipulating several coins including Doge. And losses were incurred by ordinary traders and holders. Donald Trump is playing the exact same game when it comes to crypto. Because of their face value, one of their tweets can manipulate many things. And they are profiting millions of dollars by using them. Such actions cannot be expected from a president at least. People have lost huge amounts of money in Trump coins, which have destroyed the entire financial structure of some
I will like to remind you that before the coming of this high profile persons into the crypto community, that is, Mr Elon Musk and president Donald Trump, there has been market manipulation, potentially from traders and whales. I think the issue of market manipulation is not new to some of us, and after Donald Trump's tenure, there will still be market manipulation.
I think the issue of market manipulation might have become part of the crypto market conditions that may remain on the crypto space.
Honestly, Trump coin was a failure, it is a pity that investors fall for it, but some of the investors do not listen to the community nor pay attention to informations especially concerning meme coin pump and dump scheme. Till now, more investors are still entering into meme coin investments, it is quite unfortunate situation.