Hey bobreedo.....have you looked at it this way? .......Your crypto is not discovering its own value in a market. It is discovering the value of the other market. That other market is no longer a market at all......it used to be, but no more. It is now a digital price control system.....full blown and charging. This means that the other market cannot discover value thru price. Its prices are a digital illusion. How can the real market work in such an environment? Simple.....it discovers a new money and a market for that new money in order to re-value the fraud. Have you ever looked at it that way? That is the way I see it. And it is crystal clear to me. But I engineer digital control systems for a living, so all I see are digital numbers anyway.
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Interesting way to look at it...thanks.