Hi this dr.Zak. Today i am writing about the manipulation in crypto currency.
Crypto currency is something to which no can say that it is a stable graph. This is a truth that crypto currency goes upward and downward but the peaks and fall like which we observe in the present time was, is and will not be toleratablebto many people because it is sone what that can't be ignored due to its intensity.
The uncertainity in crypto currency which is observed in the very present time is infront of you.
Manipulation of crypto currency started when Tesla owner Elon Musk said that they will accept dealing in Bitcoin. After this news Bitcoin got some kind of wings and got or achieved the peak which was not really expected. Bitcoin market has grown too much. Due to this news from Tesla owner Elon Musk many people got to know about Bitcoin and the started investing in bitcoin due to its incresing value and market. After all of this Bitcoin which is a cryptocurrency has incresed its market from 100 Billion dollard to 400 Billion dollars.
Now here it started the real manipulation when this crypto currency the bitcoin has got its peak and increased it total market by 4 times of the previous value of the market and also got to increased its popularity. Then something happen very suddenly that not only decrease total market value of bitcpjn but also made people to lose their trust in this Father of the cryptocurrency the Bitcoin. The photo below shows the real manipaltuon which made many people to face a huge loss.
In the photo i attached above, the tweet is of the Tesla Owner Elon Musk in which he said that Tesla will neither accept any deal in Crupto currency the bitcoin nor it will deal in this crypto currency the Bitcoin.
This news has just been proved to be a devastating for bitcoin and whole Crypto currency. This single news has brought bitcoin from 400 Billion dollars back to some very low figures and made many people to face a huge loss.
Due to this news and a kind of manipulation, many people faced a loss and many people has withdrwan their investment from crypto currency or more specifically from bitcoin. All this has just destroy the image of whole soly bitcoin and cryptocurrency.
What i demand is that their should be a kind of society or organization whic regulate crypto currency on regular basis. That society or organization should keep a kind of check and balance for the peaks and falls of any cryprlto currency. The should check for any kind of manipulation in crypto currency which will prevent any manipulation which the crypto currency will be running smoothly and uniformly.
As i am doing these researches on my on basis and mistakes are expected. Kindly do rectify me if i am wrong some where.
Thanking you in advance.
