++10000
this describes crypto so perfectly lol
it's quite amazing that when you get down to the bare bones of it you start to see that the only people that keep losing money are the guys that are actually sitting there and trying to trade like this is a true market
LOOOL those guys that just buy something and then sit there hoping that the price will "go up" LOOL
those are the folks that just keep on losing because they think they are "traders" but NO NO NO you are customers
I spoke with ryan last night and he broke it down so perfectly for me. There are no "traders" there are only customers (amatuers) and retailers (market makers)
Market makers make alll of the money because the amateurs are too simple minded to know what "cheap" is or what "expensive" is so they just buy anything whenever they feel like buying, and by doing this they create profit for market makers
my explanation is pretty shitty but its some interesting shit once you start to look into it
this describes crypto so perfectly lol
it's quite amazing that when you get down to the bare bones of it you start to see that the only people that keep losing money are the guys that are actually sitting there and trying to trade like this is a true market
LOOOL those guys that just buy something and then sit there hoping that the price will "go up" LOOL
those are the folks that just keep on losing because they think they are "traders" but NO NO NO you are customers
I spoke with ryan last night and he broke it down so perfectly for me. There are no "traders" there are only customers (amatuers) and retailers (market makers)
Market makers make alll of the money because the amateurs are too simple minded to know what "cheap" is or what "expensive" is so they just buy anything whenever they feel like buying, and by doing this they create profit for market makers
my explanation is pretty shitty but its some interesting shit once you start to look into it
All of the big financial markets were created by manipulators, for manipulators (BMFM)
Thats why, in the stock market, it is the public who lose the most money to the banks and institutions because they think that it is a fair market that anyone can just walk into and win by buying low and selling high. Unfortunately things just do not work like that
The banks and investment firms are market makers because they buy all of the stocks that the public do not CURRENTLY want to buy, and the only reason that they dont want to buy is because of the propaganda that the banks themselves spread about the stocks.
This propaganda makes any member of the public that is holding immediately sell, but the public are so passive and unintelligent that they cant see that when everyone is selling a very popular stock, it becomes cheap........
this is when all of the banks and financial institutions are buying, then when they have bought everything at those cheap prices, guess what? They start pumping out positive news about the stock on all of the media stations ... and the public starts buying again and sending
the price sky high
that is how it always goes, just look how many idiots are told, hey if you wanna start trading stock then MAKE SURE you watch CNBC all day or Bloomberg. Little do they know these stations are rigging devices used by banking cartels to spread their propaganda
So for the most part, the public are food for the wolves
They buy when everyone else around them is buying and they sell when everyone else around them is selling, thats all
This is why they are called RETAIL traders, because they buy at marked up RETAIL prices. But if there is a retail price, then there has to always be a wholesale price right? LOL But only manipulators buy at wholesale
Ryan put information about that here http://pumperspicks.com/ultimate-altcoin-buying-strategy/
it is very useful for people who no longer want to be retail traders