> their actual value is relatively easy to influence because it's mostly unregulated
You can't manipulate cryptocurrency market except some tiny-cap junk coins nobody cares about.
Usually overall trend in cryptocurrency market is stronger than good or bad news for particular cryptocurrency (unless it's very good or very bad news).
So what it means in context of possible market manipulation? It means that even if Tether prints all 2B USDT out of thin air, it can't influence 500B market cap.
Whole 2017 crypto-rally started because of positive outlook on possible mainstream adoption. As I remember articles in the beginning of 2017, it started from very positive news from Japan as their regulators were friendly to cryptocurrency.
I don't believe in market manipulation. Usually those who tried to manipulate market got squeezed. I do recommend to read this book:
You can't manipulate cryptocurrency market except some tiny-cap junk coins nobody cares about.
Usually overall trend in cryptocurrency market is stronger than good or bad news for particular cryptocurrency (unless it's very good or very bad news).
So what it means in context of possible market manipulation? It means that even if Tether prints all 2B USDT out of thin air, it can't influence 500B market cap.
Whole 2017 crypto-rally started because of positive outlook on possible mainstream adoption. As I remember articles in the beginning of 2017, it started from very positive news from Japan as their regulators were friendly to cryptocurrency.
I don't believe in market manipulation. Usually those who tried to manipulate market got squeezed. I do recommend to read this book:
https://www.amazon.com/Global-Derivative-Debacles-Theory-Mal...
It's stories about failed attempts to corner market. And all that stories had bad ending for those who tried to manipulate market.
When you read NY times, you should take into account their anti-free market bias.
I'm at least honest and disclose my believes - I'm free market advocate and generally against regulation.