Unregulated trickery

  1. 10,277 Posts.
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    Those at the top and in charge can just place many bids through many accounts to make something look like it is well sort after than what it really is, this brings in others who buy up.
    If this was happening with shares on the stock market, those doing it would go to jail.
    Here with cryptocurrency, anyone can trick you, play illegal games or steal from you, with in most cases getting away with it.
    This is just magic currency, it was never worth anything other than the tricks and mob mentality that helped some people get rich.
    Then there is no way of knowing who is buying or selling, it could be Humans, bots, or anyone in this Universe, no one would ever know.
    If there has been a group behind the cryptocurrency rise, and they could be Humans or others, they would have full control of your money, and how much to take before these cryptocurrencies become worthless.

    The only safe type of cryptocurrency would be something issued and regulated by a country and brokers, anything else is a pyramid scam.

    The above is all in my opinion, no advice given.
 
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