I just posted this in another thread but I felt like repeating it here as it seems apt so ...
Remember what Matthew Mcconaughey's character says in Wolf of Wall Street - the secret is, no one has the slightest clue what is going to happen in the markets. Everyone's basically playing a slot machine and the ones making the real money are the ones who empty the machine's cash box at the end of the day.
With Crypto it's basically this x 1 million. With a few slight differences - it takes a lot less cash to manipulate the average crypto-exchange traded coin than in does a company listed on a stock exchange. So there's a lot more opportunity to be a whale and manipulate the markets for your own ends (plus no regulations to make doing this illegal).
Remember that guy who posted here for ages called Ryan Pumper or something? He was selling people the idea that the market was predictable and moved in predictable patterns. I guess he made a fair bit of money off people here before he left (no idea what actually happened, I didn't follow it that closely but he seemed to be fairly successful at what he was doing).
It only took the most basic research to work out that what he was saying wasn't true - simply look at a handful of lifetime price charts for a few altcoins. You will see there is no repeating pattern or predictability. But it's easy to make money if you can convince people that there is predictability, and that you know how to read it.
I would actually like to hear how that whole Ryan thing worked out, if anyone knows.
Remember what Matthew Mcconaughey's character says in Wolf of Wall Street - the secret is, no one has the slightest clue what is going to happen in the markets. Everyone's basically playing a slot machine and the ones making the real money are the ones who empty the machine's cash box at the end of the day.
With Crypto it's basically this x 1 million. With a few slight differences - it takes a lot less cash to manipulate the average crypto-exchange traded coin than in does a company listed on a stock exchange. So there's a lot more opportunity to be a whale and manipulate the markets for your own ends (plus no regulations to make doing this illegal).
Remember that guy who posted here for ages called Ryan Pumper or something? He was selling people the idea that the market was predictable and moved in predictable patterns. I guess he made a fair bit of money off people here before he left (no idea what actually happened, I didn't follow it that closely but he seemed to be fairly successful at what he was doing).
It only took the most basic research to work out that what he was saying wasn't true - simply look at a handful of lifetime price charts for a few altcoins. You will see there is no repeating pattern or predictability. But it's easy to make money if you can convince people that there is predictability, and that you know how to read it.
I would actually like to hear how that whole Ryan thing worked out, if anyone knows.
nah thats BS
the banks (ADI's) get to issue debt a CCR and then bind everyone to pay back more by thier value and getting more loans etc. Shares and stuff are just playing in that pool, a large game of musical chairs for the money supply.
I will 5x my investment 
