The article from Bloomberg (link below) definitely tempers my expectations. According to the article about half of the volume on coinmarket cap for Ether and Bitcoin is actually half of what it says.
Could it be 98% of Cardano trades are just are whales moving around money to accounts they already own?
If that is the case, what benefit does DPOS actually have for the majority of the stakeholders?
I’m all about helping the folk in Africa get the financing they need for their coffee beans and other actual economic benefits that this project will provide. But until it does those things who can really say what the return on investment will be.
As a new member to the community, I am extremely excited about the prospects of making money. However, I am deeply skeptical in regard to market manipulation. Who actually knows what were in for over the next few months. Hopefully its not a bunch of extreme expectations that are never realized.
I apologize for the bearish tone but there are some realities out there that we need to consider while waiting for our lambos, namely continued market manipulation and illusory power to the people notions.
Here is a link to the article.