Dogecoin market manipulation?

Ultimately, there are two kinds of people that these con artists make money off of, and both have this overconfidence that they can outsmart the market:

1. Collaborators: these are the people who think that they are in on Fontas or Wolong's plan, but aren't. Ultimately, some of these people will make money some of the time, but most will lose money.

2. Manic-or-panic day traders: these people fall prey to a these market manipulations because they are at the wrong place at the wrong time. If they're paying attention when the market spikes, they start buying high thinking it will rise further, and if they're paying attention when the market drops they sell low thinking it will fall further. It may actually be worse to be this kind of trader, because often the only person conning such people is themselves. Their emotional approach to investing causes them to fall prey to every market fluctuation, even ones that aren't caused by any manipulation.

The kicker here is that I believe most day-traders fall into that second group. A lot of them are still making money on cryptocurrencies simply because cryptocurrencies have been growing so rapidly, leading them to believe that their strategies have worked, but the vast majority would make more by simply investing their money and sitting on it. My theory is backed up by how people tend to invest on wall street, which has been well-researched at this point.

What I'm trying to say to anyone reading this is that if you're trading day-to-day, unless you have a very thoroughly proven mathematical model, you're likely in the second group. Don't let overconfidence and greed make you a mark. You aren't likely to outsmart the market. Besides, this market is doing pretty well anyway.

In my country to ride the bus you buy tickets in the shop. Once you get into the bus you invalidate the ticket by printing date and hour on the ticket with the device installed there.

Once in a while (once in few weeks or months depending on your luck and how much you ride) the guy shows up on your ride who checks if everyone has properly invalidated tickets. If you don't have one, you'll get a fine.

If you wish you may never buy the tickets and just pay fines when they happen. Every time you ride without the ticket you earn but you take the risk of the fine. You might argue that it's contolled risk since you estimated how often fine happens on average. But everything is awesome until one time you encounter streak of fines that eat up all your previous earnings and some future ones too.

It's the same game that those banks that invested in derivatives were playing.

http://en.wikipedia.org/wiki/List_of_confidence_tricks