These things aren't really working out terribly well for the manipulators. There's not as much panic selling as their sub-market dump needs in order to turn a profit. (All they're really doing is relinquishing their market position.) It's pretty disorganized as well.

This is a good thing to put in there. Crypto-currencies are prey to all the manipulations of exchanges 100 years ago. Ya, that's what happens when you create unregulated virtual gold. A trader explains it here: https://news.ycombinator.com/item?id=3787375

I'll write a section up for this, thanks for the link and suggestion.

If anything that is just evidence of how thinly traded and amateurish these "markets" are.

Thank you, those were my thoughts exactly when I saw the headline. Those kinds of problems lead me steer wide and clear.

It's also going to be much harder once the currency has any sort of significant financial value. This kind of manipulation is only easily possible at the early stages.

They'd better hurry then, since all the coins will be mined soon

I continuously trade DOGE into BTC. Since starting a little over 4 weeks ago, I've made a significant amount of BTC via DOGE. I'm about 1/2 way through paying off my rigs, give or take. I also missed out by not holding DOGE before the massive run up, but I'm cool with that.