Topic: Crypto has become the rich man's playground... (Read 826 times)
for me, everything has 2 sides, negative and positive. The phenomenon where the rich man attracted to the crypto world means they thought that crypto will bring them a bunch of profits. They can attract more people to know and invest too. Proved, more people join the crowd and invest in crypto. Let's forget about how blockchain technology will bring the new future and bla bla bla, I think the main reason for them is money. But, the negative side is the manipulation. Knowing that they have the power to move the mass, they playing with it like they're own it in their hands. Furthermore, apparently, these people who joined the crowd are only followers, they joined without trying to learn further and get wrecked at the end. Personally in Musk's case, I don't know why he chose to hype doge instead of Bitcoin. Probably because it's easier to manipulate, kidding.
But, I do know for sure that there are billionaires like Elon who are always trying to mess up the market badly. It’s up to us as the people to stand against these and stop them ruining the market that we have struggled to build over the years and that’s it.
I'd never think that we can stop this thing, rich people will do anything for the sake that they will succeed. So what we gonna do is to prepare, nothing else.
"rich man's playground" - why not "miners playground" ? They do control all the market. They stop mining and there will be no market. They set huge transaction price and the market would immediately react. Someone switches off one significant miner (like China's government) and there is already a panic. Other set high electricity price and every cryptocurrency owner will feel the results of it. Rich men are only pawn on the desk, they sure play a strategy role, but they dont control the game.
They are rich and they are one of the people who can manipulate the market, if they stop, that will not make the market stop as mining is money, there are still other small miners that will do the job for them. That's why the decentralization thing is very attractive to investors as the market is non-stop 24/7 in operation.
Yes it's happening folks. It's a playground for the riches, for the narcissistic egocentric billionaires who don't give a * if you are getting rich or you're losing all your money. They do it just because they can, to boost their stupid egos.
"Doge spelled backwards is egod" said Elon Musk once to reveal his god like narc personality. This guy likes being worshipped by the dumb sheep.
I don’t know for you guys, but I don’t even have time for Elon Musk and I don’t even follow him on any social media platform, not to talk of seeing his tweets. I don’t even want to convince myself that Elon is the one that caused the price of Bitcoin to crash, I am just going to believe that it was just the right time for the market to crash and that’s it and nothing more. It’s a normal thing we see after some years pass, a bull run that will push the market to a new ATH price and then later it will come crashing to another low price."Doge spelled backwards is egod" said Elon Musk once to reveal his god like narc personality. This guy likes being worshipped by the dumb sheep.
But, I do know for sure that there are billionaires like Elon who are always trying to mess up the market badly. It’s up to us as the people to stand against these and stop them ruining the market that we have struggled to build over the years and that’s it.
Unfortunately there are more and more bored rich people manipulating the market, they have infinite economic power and as of late they post a tweet and people fall for it like sheep.
We small players, meanwhile, can only be adept at taking advantage of these dynamics.
We small players, meanwhile, can only be adept at taking advantage of these dynamics.
"rich man's playground" - why not "miners playground" ? They do control all the market. They stop mining and there will be no market. They set huge transaction price and the market would immediately react. Someone switches off one significant miner (like China's government) and there is already a panic. Other set high electricity price and every cryptocurrency owner will feel the results of it. Rich men are only pawn on the desk, they sure play a strategy role, but they dont control the game.
Bitcoin has been declared "dead" 414 times, most of which appeared before and after the 2018 crash. If you can't kill him, it will eventually make it stronger. The trend is irreversible. We have to choose to embrace it.Not a game for the rich, but also an opportunity for the poor to stand up
Bitcoin is a good investment direction for most people. Although some giant whales control a large amount of Bitcoin, in a sense, Bitcoin is more suitable for long-term investment, and many people make a lot of money from it. Therefore, don’t always say that it is only suitable for the rich to hold, ordinary people can’t hold it, and ordinary people can also get profits from it.
For the users who have been into the cryptospace during the initial days of cryptocurrency existence have turned successful. Right now it has got turned to be the rich man's playground, pure example for the same is the Elon Musk. Now he's shattering the market and making money out of it.
The expectation in the beginning was we need adoption and investors will flock in and that is what we are seeing and huge investors will look for profit and they do not care about the underlying technology or care about anything else, all they look for is to make a huge profit and that is what they are making in this market and there is nothing any one of us can do about it.Elon Musk is not the sole reason for the market crashing there are several other institutional funds in the market and they will book their profit as well and since their investment is in the billions and if they are selling in the open market it will affect the valuation.
crypto is a toy for the rich, and billionaires, in my opinion there are some too, but not all crypto, according to my research, they only play in bitcoin, because they already know the advantages of bitcoin, and they have made a lot of money. profit ,,
They already have the money to invest and make more profit out of it so what can we do about it, they have the advantage even though the race started a long time ago. I wouldn't say that it becomes the rich man's playground but I believe that any market will soon arrive at that point.
Maybe the poor need cryptocurrency more.
crypto is a toy for the rich, and billionaires, in my opinion there are some too, but not all crypto, according to my research, they only play in bitcoin, because they already know the advantages of bitcoin, and they have made a lot of money. profit ,,
We can say that crypto has been a rich man's playground where big money comes and all small investors money pulled off in profit by bulls. At present time there are many investors comes in cryptocurrencies field from arround the world so no one manipulate market as they like. In the end I like to say that rich man always has an effect on any share or crypto.
It is not a Richman playground but a foolish and losers choice.Imagine investing in a market that they don't really understand?
and when they lose will Blame the cryptocurrency market< and that is not a right manner to treat things.
Rich will be rich and poor can become rich if will only study first before putting money.
We can say that crypto has been a rich man's playground where big money comes and all small investors money pulled off in profit by bulls. At present time there are many investors comes in cryptocurrencies field from arround the world so no one manipulate market as they like. In the end I like to say that rich man always has an effect on any share or crypto.
For the users who have been into the cryptospace during the initial days of cryptocurrency existence have turned successful. Right now it has got turned to be the rich man's playground, pure example for the same is the Elon Musk. Now he's shattering the market and making money out of it.
The games of the rich are also the dream paradise of the poor. They themselves always think that they can make money in this way. The fluke is always there, and a steady stream of speculators come in. They are not believers in Bitcoin. And value investors
At present, this is indeed the case, because many exchanges are still centralized, causing Musk’s tweets to become the market’s vane. The rich are having fun and constantly harvesting the wealth of retail investors. It is indeed disgusting, but it is also violating. The nature and laws of the blockchain, I don’t think it will be long, it will return
The cryptocurrency space is a decentralized space where people can participate freely and invest as much as possible, and they are influencing society in a way that is beneficial to them.
The rich have been able to master the theory, they have the power and resources, and investing in the crypto market makes them profitable.
Cryptocurrency is a game of the rich means that the rich can manipulate the price of cryptocurrency. In fact, not only Elon Musk, but also the CEOs of exchanges such as CZ have done this. However, 1BTC=1BTC, Bitcoin and blockchain technology will surely sweep the world, allowing investors to get off the car and evangelists to get on the car. Even if it really fails one day, I am willing to take all the bitcoins and return to zero together.
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