When BTC goes up and $BOB does not follow, many people start asking why that happen and often suspect that a whale is holding BOB down. However, that speculation is baseless because, in theory, the developer smart contract program cannot sell token since 100 percent of the token is locked in the liquidity pool with a burn LP system.
But when BTC goes down and the price of BOB remain relatively stable or even attempt a recovery, not a single person ask why that happen. People tend to question and become suspicious only when their portfolio value drop. When their portfolio value increase, no one care even if the token could be manipulated by the developer. In the case of BOB, the developer cannot manipulate anything, so it is the holder who play the most important role in price movement.
Let me remind you that manipulation has only one purpose: crime.
There are two type of market manipulation:
The developer pump the price to trigger FOMO in the market
The developer dump the price to drain all available liquidity and enrich oneself
With BOB, you will not find any such manipulation, so do not bother asking about it.
That is exactly why BOB was created to be fully decentralized because the developer is Binance, and Binance does not need wealth from BOB. Binance is already worth billion of dollar, so BOB mean nothing to them if they were looking to manipulate the market just for ten of million.
In crypto, I believe that when an old holder take profit, it happen because a new holder is buying.
When the time come for me to take profit, I believe the person buying my token will be you who right now are still doubtful and skeptical about BOB.
