After months of trading/mining what i learned so far:
* Bch pump, dump which has done for purpose to prove that bitcoin stays the original and the master
* jp morgan (zcash) problem that could make him/them rich by attacking bitcoin with help from media and truing shorting on
* big support at 3000$ which i think its made from money shorted all the way down from 5000$, yes bit coin is unstoppable
* china gov +neo most popular chinese (pump 40$) ahm,sorry dump 17$ after using china ico/exchange threats
than pump again 37$ when the threats gone
*zcash wild ride from 200$ to 400$ than back to 200$ done on purpose someone pumped the price than started selling, the new always come late to cover the fraud. i bet ppl didn't know edward sandosen was talking that zchach is next bitcoin, >>> lie zcash is a fork as it as bch born to feed btc.
*the rush to beat resistance weakly candle (done) and 5000$+ milestone backed by new fork, (yes this time we learn lesson from bch) so waht ? dump everything bch neo eth, and leave ripple ppl think its a company not a decentralized crypto currency. neo went from 38 to 29 in hours when btc need to beat resistance and close weekly candle last friday night, is that a coincidence? no ... no bit coin is the master coin and other coins are nothing if bitcoin fall so dumping other coins to save bit coin is a must, and other coins can be bumped easily later..
conclusion : bitcoin bump*fork*media*dump*support* cycle all done on purpose and it sucks.
even that i see bitcoin rising right now, i lost faith and i feel like i am taking profit from something without value
you can think your self making good money and after week find your money more than halved , happened with eth, happened again with neo (aka china eth)
buying/holding is the best strategy, yes it is the best, but this big whales making big profit, when we holders hold our hope and pray, who assure to us this big whales don't turn away on us.., they are doing it now and they will blow the market if something big happen like gov banning btc /minning.
if you ppl with 1k 10k think your self will be millionaire, this guy who invest millions now will be trillionare ?.. no way the economy of all the world is not like this,
So guy any one has better explanation on whats going on ?
I don't blame you for losing your confidence in bitcoin, but I'm just wondering, have you also lost your hope in all uses of blockchain technology as well? I find the technology backing Bitcoin to be one of the most important parts of it, and I think it has many many use cases. You've in particular stated some altcoins that you noted also have a similar pump/dump cycle.
Furthermore, I think if you're in the cryptocurrency markets to make money, you're looking to risk some of your own money as well. Part of that risk comes in when you're analyzing when the pump happens and when the dump happens. Crypto is governed by the people, and the price rises and drops are all investments/withdrawals from cryptos. The better you get at analyzing those trends, the more money you can make. I'm not sure if you're annoyed with the fact that you need to wait on pumps/dumps to make money or if you're frustrated with anything else. Could you maybe clarify a little more?
