If the crypto market continues to crash daily with altcoins dropping 10% to 15%, confidence in blockchain technology will diminish significantly. When Bitcoin falls even by 2%, altcoins often plummet by 10% to 20%, highlighting the immense role exchanges play in this volatile landscape. This isn't a fair game—it's clear manipulation. If whales keep playing these games, investors will hesitate to invest more heavily, potentially leading to a long-term impact on the crypto market.
The Terra Luna crash is a prime example: while it was just one blockchain's downfall, its impact reverberated throughout the entire crypto market. The current altcoin crashes are ominous signs for Bitcoin. Whales are the most troubled right now. If big fish in the sea keep consuming the small ones, soon there will be nothing left for them to eat. In other words, if small investors and altcoins die out, the whales will also perish. They might move to other platforms, but the damage will already be done.
I will never buy Bitcoin. I'm hiding in some altcoins, hoping for stability. If you're concerned about the current state of the market, consider diversifying and being cautious. The future of crypto might depend on it.