Topic: The Truth about CryptoCurrency - page 2. (Read 2861 times)
Very true point about the many false media statements being made over time that effect buyer sentiment.
The whales are the Bilderberg Group.
Elites and Royal families . They control everything not just crypto.
Hopefully the tide is turning and these elites become extinct soon.
Elites and Royal families . They control everything not just crypto.
Hopefully the tide is turning and these elites become extinct soon.
The OP is a quite cynical, but unfortunately quite true depiction of reality. Of course this is not the entire picture, but it is a relevant part of the picture which most of the people either cannot see or chose not to see. I have noticed these patterns of behavior of whales myself, and it is true that once you understand them properly you can even profit from them. Similar games are played also in other bigger markets, like forex, stocks and commodities, but in cryptos patterns of manipulations are more recognizable, since whales own probably a relatively higher stake of the whole market and are thus more efficient and recognizable in their manipulations.
I had to merit the OP.
I had to merit the OP.
If there is a money supply, even a virtual one, it will always be collected somewhere more in certain hands. Therefore, those people who have concentrated more money in themselves will have a greater impact on the market. This is a common truth and there is nothing new in this and can not be. Crypto currency is called decentralized, because there is no official authority over it that would directly control it.
Interesting opinion. Perhaps you are really right. But this in any case does not prevent us from earning on crypto-currencies)
A very good statement for beginners. Incidentally, I'm one of those, too.
But while many technical self-lovers praise themselves on this circle, I've already recognized that.
And while much of the crypto community sticks to the keyboard fingers of John McAfee, I've come to the idea that such people are just part of that money machine and PR machinery of banks, investors, wales, and rogues.
However, if you follow it all with reason and caution, you can become part of this game.
But while many technical self-lovers praise themselves on this circle, I've already recognized that.
And while much of the crypto community sticks to the keyboard fingers of John McAfee, I've come to the idea that such people are just part of that money machine and PR machinery of banks, investors, wales, and rogues.
However, if you follow it all with reason and caution, you can become part of this game.
Only time will tell.
Trading bots/AI on both sides has been used to control/manipulate/predict in the stock markets of the world for many years now.
Trading bots/AI on both sides has been used to control/manipulate/predict in the stock markets of the world for many years now.
my question is this, can all the whales you mention work together to achieve a common goal
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Hi,
I agree with you AmarO about whales, they dictate/lead the market.
Sure, the ETH will grow up but not so much (in comparaison to other big altcoin like dash, litecoin etc or btc) because of the ico.
I think that most of ico use the ERC20 so they “exchange” their token vs eth. At the end of ico, the companies have to sell their ETH vs Fiat.
Because unfortunately, you still pay bills, rent and wages, etc in fiat.
When you see how many ico are launched each day. We can say that each week a lot of ETH must be sold by these companies (ico).
I agree with you AmarO about whales, they dictate/lead the market.
Sure, the ETH will grow up but not so much (in comparaison to other big altcoin like dash, litecoin etc or btc) because of the ico.
I think that most of ico use the ERC20 so they “exchange” their token vs eth. At the end of ico, the companies have to sell their ETH vs Fiat.
Because unfortunately, you still pay bills, rent and wages, etc in fiat.
When you see how many ico are launched each day. We can say that each week a lot of ETH must be sold by these companies (ico).
yes there are many whales that manipulate markets
but its not a gambling game, because when a coin goes to mass adoption stage, millions of people buy them and its just unstoppable rise...
cryptocurrency is not gambling, if you dont look at it that way...
there are many trustworthy projects that really made to do some thing goood
but its not a gambling game, because when a coin goes to mass adoption stage, millions of people buy them and its just unstoppable rise...
cryptocurrency is not gambling, if you dont look at it that way...
there are many trustworthy projects that really made to do some thing goood
Anything with digital exchange or currency is gambling,forex is a gambling game so you are right this is the truth.
There is much more coins and projects than whales.
Nobody have total control on anything most important in the world from one center.
Nobody have total control on anything most important in the world from one center.
Yes it's a enjoyable gambling game
I think all the gambling games are beautiful
People gamble to earn money, here too
Have fun but this is second plan
I think all the gambling games are beautiful
People gamble to earn money, here too
Have fun but this is second plan
There are 'whales' in any places, in any places, in any platform.
Whales are great. Be like whales.
Whales are great. Be like whales.
If you spend enough time watching liquid markets, Polo is a good one, you can see quite easily when and how prices are pumped and/or suppressed by those with enough coin to do so.
Big sell walls keep prices stable or lower them, pumps come seemingly out of nowhere when the trading algos of the whales have had enough time to quietly hoover up enough coin to dump and make whatever their ROI % is set at and the dump will happen when the buy orders meet their sell demand to reap that percentage.
This is REALLY evident in the crypto markets because the caps are low and the pricing is volatile as all hell.
It's NO different than real world trading though, and the saying "no one lost their job for buying IBM" applies here. The sentiment is if you buy from or invest in a firm that has a proven track record and shown that they can deliver on their promises chances are good they'll continue to do so.
BTC being decentralized in it's administration is somewhat problematic for this to apply, some of the newer DAO styled organizations and/or those with a static and funded dev team have real promise as a company, and since this world doesn't have stock, but cryptocoins you can think of it similarly.
You do need to be willing to take losses though, and know that expecting instant insane gains like have happened in the past weeks are not a given and happen almost by chance to those NOT in the inner circles.
Bottom line: NEVER INVEST MORE THAN YOU'RE WILLING TO LOSE
Big sell walls keep prices stable or lower them, pumps come seemingly out of nowhere when the trading algos of the whales have had enough time to quietly hoover up enough coin to dump and make whatever their ROI % is set at and the dump will happen when the buy orders meet their sell demand to reap that percentage.
This is REALLY evident in the crypto markets because the caps are low and the pricing is volatile as all hell.
It's NO different than real world trading though, and the saying "no one lost their job for buying IBM" applies here. The sentiment is if you buy from or invest in a firm that has a proven track record and shown that they can deliver on their promises chances are good they'll continue to do so.
BTC being decentralized in it's administration is somewhat problematic for this to apply, some of the newer DAO styled organizations and/or those with a static and funded dev team have real promise as a company, and since this world doesn't have stock, but cryptocoins you can think of it similarly.
You do need to be willing to take losses though, and know that expecting instant insane gains like have happened in the past weeks are not a given and happen almost by chance to those NOT in the inner circles.
Bottom line: NEVER INVEST MORE THAN YOU'RE WILLING TO LOSE
Never GAMBLE with more than your willing to lose, there fixed it for you.
Investment is a sure thing, blind faith that 'SHIT' will turn into gold is NOT an investment.
Real Estate is an investment, as well as GOLD in your possession.
People are still algo-trading when the fee is so high?
Big markets are clashing using this platforms, the average joes' like us are just getting on the waves for small profit. Without them, you cannot expect exciting flow of cash that may, positively or negatively affect you. Once you put your money in this kind of market, you are already one of the players, emotions should be disregarded.
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