And to elaborate:
All those fancy laws the SEC enforces to keep trading somewhat fair in the land of stocks? There isn't even a semblance of them in crypto. A state actor, underworld organization or institutional investor can buy and sell millions or tens of millions at a time and utterly swamp the market, or can sell, call the FUD fairies and then buy.
Jamie Dimon, Sept 12: "It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Dimon said at a banking industry conference organized by Barclays. "Currencies have legal support. It will blow up."
Jamie Dimon's company, JP Morgan Chase, Sept 16: buys 19,000 BTC
Can anybody else here go on CNBC and say "totally don't buy this worthless thing I'm about to buy $1.2m of"? No? Then presume you are not playing a level field.