Thank you for writing the first BitCoin commentary on here that I've actually understood. There's a lot to learn, but this much I get.
I know rather big "whale" (he owns one of the Top 10 companies in his state) who is heavily invested in BTC because he values the organic integrity of the currency and is very against market manipulation. I should have listened harder the few times I heard him try to get me onboard, but I do remember the mention of the evolving algorithms specifically designed to catch manipulations and punish the repetition of them.
So I guess we'll see if those evolving algorithms clog this drain quickly. I think I'm at Day 1 of actually paying attention.
RE: crypto market meltdown... possible reasons...