IMHO, Prices Are Fabricated
Prices are a powerful international language and an excellent communication system. People adhering to the most divert belief systems can quite easily understand each other on prices. This is true for large, deep, and free markets, only.
In the crypto space, I believe the prices are currently fabricated and that nothing can be learned from studying them unless you are willing and capable of drilling all the way.
It feels unnatural that the relative position of the top currencies are kept within so close bounds. Did IOTA gain 2% relative to the pack today? Rest assured it will get corrected tomorrow. Was EOS bashed over real or fake news? Don't worry, it will get re-aligned.
Occasionally, networks make substantial progress and seem to break free. Just to be pushed back into line a few days down the line.
It looks like most people just hodl so the prices are made by day traders (who seem to have little influence) and big players (who seem to make the prices).
In these times I recommend buying crypto only for those who are interested in reasons other than price. A world with more equal opportunities for everyone, for example. I am sure you can think of better examples.
If you think the world is just fine the way it is, chances are, you will lose wealth in crypto.
The market manipulators won't be able to do this forever but it may take dozens of months before this space becomes large enough to not be kicked around that easily.
Exactly true I think prices hardly reflects development rather it makes a true business person who believes in a prospect of a venture and that's why people makes big mistakes they definitely get taken sucked into the depression of the prices rather then the prospect
As you know, valuation of crypto in fiat currency, is a speculator's mindset.
A true "investor" is imagining the day when fiat will be the speculation to be valued... in crypto.
The price system is ultimately chained in favour of the larger ones, perhaps there is an intention to break others to empower themselves more, projects tend to be balanced in the long term but manipulation of the larger ones can play a bad trick in the short term. It's a question of ethics on the part of the founders. I think.
Hello, welcome, you had time you did not publish ... The crypto world is being shaken, we just have to hope for the best, as you mention, there is a risk of losing a lot, but there is also the hope that things will improve soon.
True, I did not publish in a long time. In summer there is just too much to do outdoors.... Now with fall/winter approaching I feel more inclined to read/contemplate/write 😉
wao, thank you very much for voting in my post. God bless you!
I thought you were still browsing the Zwarte Valk and that's why you didn't publish :)
This is so deep. And I agree.
Is not this Bingo game cute?
You can only win matching in a row the numbers printed in the 5×5 cardboards horizontally, vertically and diagonally in each round and only occasionally before someone else yell Bingo earlier than you. Hahahaha };)
Very interesting @mariusfebruary the variation in the markets, the amount of coins and token, vary in value, I only watch to learn, I just like to write my stories and read my friends, because I know nothing about coins
That.
Although there are not many people who think that way, it is definitely the best approach in a very long term game
It's true friend @mariusfebruary, markets are manipulated, so there will always be that risk to lose, you have to invest and be aware of the behavior.
excellent news, we are all looking forward to what bitcoin can do