My 2 possible solutions of price manipulation in Crypto
Hi Guys!
A lot of you might panicking as to what is happening in the crypto market. Well for the past months of red sea market I've come up some possible solution in which you crypto techies can do it not just in words but also in action here are the possible reasons why the crypto market is own and the solutions to abolish market whales.
1. Bitcoin is now backed by dollar & gold - It seemed that a lot of people were happy about this news in order for the crypto market crash in china musk's bad tweet about cryptocurrency. Let's not forgot that this digital currency was created in order to be free from the government regulations mainly the U.S. regulations but thanks to the bitcoin ETF thingy. Regulators have now hold with the crypto Markets.
2. Crypto market is down since a lot of traders are cancelling their hold tokens due to fear of market crash, as a result, this could increase the supply and lowering the demand of the said token. One major problem of tokens as well is that it lacks a limitation of the amount each individual account can holds which could result in a manipulation or trend markets if they will invest like A LOT!
Solutions in retaining or recovering the crypto enthusiasm and revolutionary coin towards financial freedom and independence.
1. Create a blockchain wherein bitcoin is not involved - I know, you might probably say that it's as close as being impossible. Since as a person creating a new digital currency would start from the start just like how bitcoin was originally created, but it's better to be like this than allowing those rich people manipulating the market.
2. Limit the token supply each individual can have. I think that the best way to minimize market manipulation is to limited each token holding for each account to only 1000$ in this way. People can purchased tokens for more than a 1000$ in their account just to play in the market. If they cheat, then I'm sure that their efforts won't go easy. ๐ #MarketCrashAlert #Whalestrap #SellingCryptos
There's so much drama currently happening in Bitcoin like everyone is waiting for the Bitcoin ETF when we all know that it's a bad news in the crypto world for integrating centralised institution to a decentralised currency. Surely, these folks who are at the top will control the Price flow. I remembered last 2020-2021 before the disaster came wherein people in digital world are so satisfied with the digital currency. They can buy the stuff that they want and can get what they need but when the feds came to the scene and call Bitcoin a one Major scam that's when the price was manipulated. Now, let's all cut the sht and let go of BTC drama. Everybody heads up to Solana! Don't invest in new tokens for where we don't know their utility yet. It might be some founders who are doing some pump and dump scheme. All hail Solana!!!