Intro
If you notice the cypto market closely you'll see different influences on bitcoin. It started with time when bitcoin can into main stream . Now, nobody can predict the market quickly and if he does he's kinda late a bit. It's now a culture of bitcoin and everyone wants a part of it. Due to its rising popularity since years bitcoin has flourish quite significantly. Now when alot of money comes in quick it goes out that quick as well.
Some big investors tend to manipulate and they try to make some big profits. Due to this manipulation many people lose money. It has really bad influence on a local joe who wants invest and make some quick buck.
Fake outs
It's a term which is being used very commonly now a days due to the manipulation of the market. It basically does try to make btc price go up or down through a artificial way. This manipulation happen for short frame of time. In the mean time the big whales are just making profits with their longs and shorts.
Bitcoin has perception of being reliable. Which is basically bad and good in some way. By bad I mean in short term and by good I mean long term. But it's also a debate when btc goes over 100k will their be as many investors for btc as of now because their won't be better profit than alts. In fact cheap alts could be more profitable than btc who's over 100k.
Influence
As we are in global village and connect strongly with social media it causes a great help for the people who wants to manipulate the market and make their profits. As we are seeing a single tweet just sky rocket doge coin price. This is serious. Nobody wants that kinda manipulation.
There are many articles written in this context to educate people. We can also call it a scam.
Mention below a article from the balance
Read.Cash Role
I personally think read.cash platform is really helping people learn and letting others to connect with the community. The return of this community would be in the form of people who are well educated about crypto and they would know it works and they would be less vulnerable.