Crypto Speculation, Menipulation is good for the community

in #bitcoin7 years ago (edited)

Just sharing thoughts, nothing else.

Its amazing to see such development over the last few months, starting from 20 Billion market cap to over 100 Billion; the rise of almost all coins in value "USD", that's is a great progress despite all the ups and downs.

I never thought that speculation which basically done online on Twitter, Reddit, etc... Would have a great market impact, and even being highlighted on CNBC & Bloomberg.

Speculative Booming Market worked great for many, even newbies like me who went into crypto in January 2017 and bought a bunch of Shitcoin just because there were cheap hoping it will increase in value, most of them got doubled, tripled and in some cases 10x or 20x, this didn't happen because I made a wise decision of which crypto to buy, Pump and dump or all that crap, the whole thing is just going UP! And Crypto enthusiasts promote it, People believe in it and i was lucky to be part of it.

Menipulation is every market on Earth no matter what you say, think or see, The only difference is how much it is manipulated, In US, Singapore, UK, Germany, Australia, etc... Even Crypto! The only difference is how many and how much its being manipulated, I can tell u for sure that Crypto Market is one of the least corrupted markets at the moment and Big guys are coming in slowly so be ready for volatile market movements which happen in normal stock market, that's how money managers makes their money anyway, the good news is we are in, we are together, Just HODL and look for long term investment, get involved in a group, community, etc... you are in for both big and small movements in the up trend.

Shitcoins are the sweet part, Small players like me and most of you play with them, even if you gone and put money down on a shitcoin, most of the cases it will go higher sometime soon and its all done by the community, people trusting each other, remember; a lot of money gone into crypto this year "80 Billion dollar this year"and a large portion of that WILL NOT go back to fiat anytime soon, be a fucken believer and HODL, its about time to grow the community.

Remember:
BITCOIN --> Darknet and ppl using it for Drugs and illegal activities
Ethereum --> ICOs and scams everywhere!!!
Shitcoin ---> few ppl talk shit about them and many made money from them.

Even Potcoin got all time high, its doesn't mean it a scam coin or useless coin because it pumped! this is a new way of distributing the wealth, driving attention to causes people care about whether u agree with it or not, At this moment ppl like u and me make the market move, THIS A HUGE STEP in Crypto Maturity which u can never even dream to achieve in 4 Trillion stock market, ppl are getting the power back even without realizing it!

BTW, KoreCoin may be a good Crypto, may be bad but one thing for sure, ppl believe in it and that's what matter.

**This is not an investment advice, Do you own research before investing in any coin!!!

Sort:  

I disagree, this coin has no future because the development stopped in 2015, it's a coin to fool new investors, into something that sounds interesting but with no actual future. When you look at the GitHub you instantly realize KORE is trying to scam people of their money, no GitHub updates but they claim they have new announcements on their twitter just to hype the useless coin.

just an FYI they don't use that GitHub anymore and have been pushing code on a private server.. The new devs are still active in forums too

Not using github is development suicide, that would not make sense whatsoever, actually it would seem even more FISHY that they went to push code on a PRIVATE server

Look at the bigger picture, people are gathering together and making the change. I am not talking about a specific coin, its the idea of ppl together move a big fucken market because they want to

what change are you talking about? the number one reason people invest in crypto currencies is because they believe in the company's technology, not in raising their value. it's not good for the community, it's good for a bunch of traders that can take profit from pumping coins that have no value.

The bigger picture should be investing in coins that are involved with the community and can actually backup their claims, KORE has been inactive for 2 years, their social media profiles were all inactive for 2 years and their github hasn't been touched for 2 years. This screams being a worthless coin. This coin has no future and it's not worth investing in. I have never heard of a company just dissapearing for 2 years from every platform and then claiming to have solid technology, it's marketing suicide.

U r so dumb!!! Damn kid...
I am not talking about Kore!!! It looks like I plugged a nerve or something :)

Your first blogpost was entirely about KORE.. your response proves I'm right.

A very famous and trusted crypto investor just retweeted this about KORE

https://twitter.com/diaryofamademan/status/880377652233682944

DiaryofaMadeMan Ian Balina tweeted @ 29 Jun 2017 - 10:49 UTC

$KORE twitter.com/karosuuu/statu…

Disclaimer: I am just a bot trying to be helpful.

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