Topic: The Truth about CryptoCurrency - page 3. (Read 2782 times)

your analysis are very correct ,you are not far from the truth,crypto market are been controlled just as you stated,

Bump I thought it's good for people to read this thread again as I said before organizations control the whole CryptoVerse game, look at how automated the drops were. These weren't normal people dropping, these were the Whales.

Hopefully in the near future all will give dividends, this is the next step for Crypto then you can have a legitimate value of the coin.

The Whales are holding it in place as they're invested,  they're trading it but demand is lowering and investors are dropping out. Public sentiment is getting negative towards it. However a major 🚀 is ready just waiting on good news and it will shoot up, Whales will have a huge dump set up to sell at the peak. Its' glory days are way behind it. So many flaws in their vision, they got disregarded at Consensus. New investors are gonna stop coming in and it's started getting stagnate already. ETH is way more lively, sell and switch to ETH. You can wait for the possible XRP hype news for the 🚀 or just sell now up to you. Right now I'd sell and keep BTC let ETH settle. ETH is going to go to a whole new level coming months. Almost every single new Crypto is getting built on the ETH platform. XRP needs to rethink and change its plan imo to be successful, the technology they have is good but they need to find a different purpose for XRP.  I sold XRP at .39c then switched to ETH at $100 right before it lifted off and sold it at $180 then got BitCoin. I'm currently holding BitCoin.

The right up is on point and equally rich based on the assumptions and the conclusion derived from such. The part of gambling is also very much valid but also in gambling, there are winners and there are losers and when you find yourself on the right side that's when you win and that's where the importance of analysis comes in when it relates to cryptocurrency in that when the the big whales are making their moves, the onus is for me to be able to move in the right direction the I win also.

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what do you think about ripple? i brought so much ripple last month, and do you think it was a good investment? thanks
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I am on the fence about ripple.

It seems like such a good idea and lot of banks are using it. but the more info i read, the less i like it.

There is some other good tech and also some nice little coins and tokens that are good investments and give dividends. I like to invest in crypto that give dividends so that it offsets my capital cost and don't really like the malicious pump and dump coins like what happens a lot on Yobit exchange.

Tough if there is lots of capital needed to sway a market but even with 1m dollars you can completely sway a Crypto coin market with the right strategy. There are many companies that do trading for a living on the stock market, Crypto space still hasn't been hit hard by Wall Street but there are trading companies in the CryptoVerse without much competition atm. As more come in the coming years we'll see some great fights happen live should be fun fireworks.

Thanks Captain Obvious, what we would do without U

Yeah you're right, they're going to milk it as long as possible. If they got out and a coin started running downhill there would be noone to stabilize it but now they put big buy walls to reassure people to keep their coins. Then they push it back up. You see it with XRP the past day went down low then sellers panicked with huge sells then Whales set a 150 BTC buy wall that almost broke and another one behind it. Without those huge buy walls to relax the market it could just tumble right down with a panic effect.

You are over-simplyfing here. There are many whales, and they don't talk each other, so their plans can be conflicting, resulting in huge losses of money.
At the end they live in uncertainty like every day trader, just with the power of locally influencing the market if there no other whales around.

And btw, they make huge profit, but they take huge risks. Thinks about an hacked exchanged or a wrong transaction with millions of dollars vaporizing.

You're wrong. NEM/XEM will be the safe investment. Time will prove my prediction as this coin hits $5B within 2 weeks.

OP, how coordinated are these whales? Seems like it would be pretty tough to create actual plans

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

I'm just explaining how the market works. For example right now Whales are stabilizing the XRP price around .30c. They forced it down on ETH rise before yesterday and people panic sold thinking it was headed for rock bottom then they raised it back up making easy money. That panic strategy works on stagnant coins. Then yesterday they were waiting on news to skyrocket it but no news came. The second news comes they will shoot it to the stars then as fomo hits they will sell and dump some then ping pong it margin trading and stabilize it at a higher value. XRP will hit .50C next time good news comes but the issue is they can't get any real legit news to get the public going. Public interest is actually declining in XRP. If Whales started to steadily decline XRP value it would drop so fast because public sentiment is turning negative towards it, people would sell quickly but they're maintaining it. It is in their control. Long term if a coin has positive public sentiment and stays fresh they will keep playing their game while raising the coin value in the long-run you're right. Only when a coin reaches a certain point do Whales lose their ability to negatively impact a coin. For example BitCoin unless something crazy happens will never drop too low because public has bought in so much that people will buy it up. Majority of alts can easily be influenced to crash by Whales though.



I actually day trade and have gotten such a good feel for how they operate that I'm able to profit very well. The safest thing to do is buy and hold good coins as you said though. In my book that is only BTC/ETH. I love putting money in sleepers with good potential though that I feel Whales have put an interest in. If Whales have put an interest in the alt coin it will rise, then if it has real potential you keep it or if it does not there are data signs that reveal when the dump is coming and you cash out before then. A lot of times now though the public gets behind it and eats up the Whales dump then the coin keeps walking like a chicken with no head. The investors don't realize they just bought a bunch of sand. The Whales sell some and use the rest to see how much longer they can keep it going before people realize it's a shitcoin. It's a ticking time bomb at that point because there will come a time when the public realize it's crap and they themselves do a massive dump. I'm still waiting to see one of those happen.

Thanks for the write up. It is rich.