Markets Are Nothing Else Than Roulette Tables...
Markets go up and down in whatever way they like. Mostly there's no logic to anything at all just like at a Roulette table. You bet on black and it'll give you red and vise versa...
That's as well why all gurus are changing their mind about market developments so quickly, cause they simply don't know what's going to happen. They are just predicting something they deem likely to happen.
Stay safe in the game these days. It's a crazy market and I wouldn't want anyone of you to loose even more than we already did during the last bull run. It's already hurting enough!
Let's hope the bulls come back soon!
A Crypto Startup Revolutionizing Steem! |
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Yep! In the long term they are scales, but short term (1-3 years) its gambling.
I came with a solid TA and fundamental knowledge to the market. Now I know, that I know nothing and all this knowledge is useless. This is pure chaos and in the end, only whales will win.
The biggest myth of all is HODL! I guess the guy who invented that is still laughing his ass off...
crazy times we are going through right now
That is true. The Wall Street Casino.
People want to make like it is a reflection of what is truly taking place...it is not.
Since the beginning of the years, STEEM has dropped like a rock (along with the rest of the crypto world) yet development has gone through the roof.
That is called disconnect.
Well, in my opinion, markets are always manipulated, especially the crypto one because is very small compared to other assets.
For example, look at what happened with a news which at the end is just a non-issue (the approval of the VanEck SolidX Bitcoin ETF has only been postponed to November 30th). This postponement brought the market to such a massive crash.
The crypto market is still so small compared to other assets (like the stock market), that if a group of whales starts to sell massively, they bring the price down pushing down the order book and then the mass will follow seeing the price going down... then they will buy cheaper bitcoins.
This market is painful but we have all seen how fast things can turn in crypto. I am very interested to see where we are at the end of the year.
Great article, @steembusiness!