Oh it’s quite rational, just asymmetrically so, just like any other penny stock. Such markets consist of manipulators and the manipulated, and the manipulators

Oh it’s quite rational, just asymmetrically so, just like any other penny stock. Such markets consist of manipulators and the manipulated, and the manipulators are the rational ones. And, apart from price, the crypto markets are just like penny stocks: opaque, obscure, thinly traded, and ripe with manipulation and other fraud.