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
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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.
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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.
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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.
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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 😉
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wao, thank you very much for voting in my post. God bless you!
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I thought you were still browsing the Zwarte Valk and that's why you didn't publish :)
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This is so deep. And I agree.
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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 };)
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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
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That.
Although there are not many people who think that way, it is definitely the best approach in a very long term game
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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.
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excellent news, we are all looking forward to what bitcoin can do
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Very good advice, we should not always use prices to invest in a project, the important thing is to think that investment will pay off sooner or later.
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As long as a small circle of people has the privilege of creating money from thin air, is the term "free market" a mere falsehood?
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Yep, it has been odd how everything has been tied to bitcoin for this long. Back in 2015 it made sense. In 2019 where many projects are widely different, it does not. I think if more exchanges had more fiat on/off ramps and more fiat pairs, it would make a difference. It is hard when just about everything is traded in BTC pairs.
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@mariusfebruary very good your point of view on whether prices are manufactured, if you say so it will be because you know the subject.
I'm honestly still not very steeped in that cryptomoney thing, it's something very extensive and every day comes out a different article, but never cease to be interesting.
Thank you....
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Is vital learn difference between big and small. I think the values on market Will be fixed at some point, before that we just have to wait.
I am optimist , hope things goes better soon
Posted using Partiko Android
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Honorable Sir Marius:
Coincidentally I have the criterion that market prices are manipulated by a minority.
How is it possible that 40% of all bitcoins belong to only 1000 accounts?
Perhaps a capital movement of these accounts can alter the price?
So all these people who live stressed analyzing the behavior of graphs and making forecasts, are actually trying to match the movements and decisions made by an elite group of crypto owners.
These are just my assumptions.
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Totally agree with you!
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If you think the world is just fine the way it is, chances are, you will lose wealth in crypto.
It is so true... 🤘🤘
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If you look at Bytecoin(BCN) you will see how the price is fabricated everyday and with small amounts of money, something like $10,000 and it's not the only example. In regards of the examples that you gave I believe that many have to do with algorithms and bots that correct things when are no longer in line. It is pretty weird also how the market is moving latelly between a tight support and resistance space. For me is clear for a long time that prices are fabricated and that the crypto world no longer belongs to anarchists and nerds. Some sold their stake long ago for a Lambo... or two and now most of the worthy crypto that survived the bears is in the hands of the oligarchs and trading funds. Sooner than later the monopoly such persons and comapnies will have on the market will change it and the way such currencies are being used dramatically. These dips in my opinion are just simple wealth transfers between the poor and the rich. When they will have enough of it Bitcoin and the surviving cryptos will no longer be banned anywhere and even advocated buy the ones criticizing them. That's when one would not be able to live without them anymore and the prices of the surviving ones of course will be colosal. Next step will be the extinction of what we currently call money/currencies.
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It is important to distinguish the investment from trades. For a long term investor daily, weekly and even monthly price changes don’t mean anything. They mainly focus on fundamentals and long term viability. On the other hand, for day or swing traders fundamentals don’t mean anything, they try to interpret the short term market sentiment.
It is interesting how often people confuse these two notions and mix strategies. Some who go into the market with intent of short term scalping become long term investors once trade goes against them. Some who buy as a long term, sell quickly once market becomes scary.
That’s why manipulation becomes easier for larger players, I think.
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Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 14.91% upvote! Together, let’s change the world!
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