A Decentralised Market Run By Centralisation.
Isn't it funny how a decentralised market with a whole playground of decentralised tokens are predominantly only available via CENTRALISED platforms and entities? That's right, it's not the bankers and 'whales' who you should consider your enemies of progress, it's the exact organisations you directly exchange your crypto's between that play the true role in what direction this market heads.
Think about it, with a limited availability of genuine resources, the entire world has no other choice but to opt for transacting business on platforms run by greedy money-driven CEO's who can currently capitalise from the lack of regulation and consequences that occur from 'under the radar' activity. Many people forget that cryptocurrency exchanges are businesses, which means their sole priority is to turn over a profit, not help grow the cryptocurrency space for the betterment of mankind. When you combine factors such as the biggest wallet holdings belonging to exchanges, billions being transacted a day with fees being taken up to 1% per exchange, Bitfinex artificially pumping Bitcoin with Tether USD and the CEO's having the ability to gain a clear advantage of market directional bias through their order books, it's hard to ignore the telltale signs that the real manipulators of this market are the very people we place our full trust into for handling cryptocurrency transactions.
Bots also play a key role in the manipulation of the crypto markets, many of which belong to and are owned by none other than the centralised exchanges. Bots can have several different roles, but the most in-demand is for the sole purpose of fabricating volume with fake buy & sell orders. It's been estimated that over $3Billion of volume traded within the cryptocurrency market is completely fabricated by bots to entice retail traders to either buy or sell upon the creation of fake 'demand' in a certain direction. But that's not all, these exchanges also dictate which crypto's get listed for trading on their platforms, meaning if the CEO quite literally doesn't like a specific cryptocurrency due to it potentially jeopardising their own investments, they will simply leave the asset unlisted and limit the potential amount of fiat & volume it can directly gain from awaiting investors.
Whilst there's absolutely nothing we can do about this, it's good to remain aware of what's truly behind this market besides large investors and corporate greed. It's also a good wake up call of why regulation is essential for the growth of this market and for a healthier growth in the longevity of prices per token/crypto. Decentralised exchanges are already a work in progress and one of my favorites - 0x, is very close to becoming the forefront of the shift to a new standard of cryptocurrency exchange and settlement in a decentralised, peer-to-peer manner. Once this revolutionary shift takes place, many of the exchanges we so-lovingly trust today will eventually sizzle out of existence and destroy the playground for market manipulators to continue altering prices how they please, which means price growth and price devaluation, comes organically through whatever value market participants deem a cryptocurrency to be worth.
As an early adopter, you must learn to fall in love with the flaws and hectic characteristics this market entails, because it means you're in from the ground level and have the ability to identify the flaws that underly within certain technologies or systems. This is an advantage investors will not have in several years time from now, as all of the issues will have already been resolved from the early adopters like ourselves, who have the incredible opportunity to identify improvable scenarios such as opportunistic manipulation from higher governing bodies, slow transactions, lack of decentralisation, adaptability for the general public etc. The secret to finding the hidden gems in the crypto market is quite literally by finding the flaws already present with our current systems and platforms, to then finding the companies already en-route to solving these issues and fine-picking those with the best results and product closest to market launch.
Money is a by-product of your decisions made within this market, you may not realise, but even by investing in the companies and tokens destined to make a global change in how the operations for specific sectors are managed, you're playing a bigger role into shaping the future than you may truly believe.