Quote from: Piskeante on June 22, 2018, 09:03:19 AM

there is NO FATE for a market like this.

If bears take control of a certain Company, and try to destroy it, some automated operations act to take out of the market that value and try to save it. But, here, bears have total control.

In this market, it's better , far better to be a bear than a bull. Bears are very short-term bulls. Bulls want to win money in the long run. Bears wanto to win money right now.

it works like this.

You buy coins, huge amount. The market thinks there is demand because of that. People begin buying and stablishing stop losses operations. When bears see they've won from 3-5% they sell all and drop the coin. Then automated stop losses jump another time, so the price goes down another time. Time when bears will by another time and repeat this operation.

They win money? they can sell at whatever price with profit. If bulls begin buying, better for them. They know exactly this: THIS MARKET IS A BUBBLE AND THE MORE YOU THINK EVERYTHING HERE IS VALUABLE, THE LEAST THEY CONSIDER THAT.

Bulls will not sell in a bullrun. Bears will. Because they know this assets are not as valuable as people think. In the worst case scenario where they sell with 5% and coin still going up, they can also buy another time reverting for bulls until next 5% and sell.

BTW. This market will never recover. December 2017 was due to a HUGE MANIPULATION IN PRICES. The hype is not here and it will not come. Many people are buying more coins. They are building their way to hell.

The markets can be so frustrating when you see the above going on. If only sellers gave the green a chance.

An interesting example of the above I witnessed on Monday was the EOS ram market. It uses the Bancor algorithm to determine price according to the % of ram that remains. The speculators were determining the market value of ram in this brand new marketplace. What happened was very interesting... everyone realised they were trading against an algorithm which meant that everyone would make more money if they just held. This is exactly what happened for about 24hrs, everyone was buying and holding and the price continued to increase until ram consumption was 90%. However, as word spread of this mooning marketplace people came in and started trading normally. Buying the dips and selling the highs. This killed the potential for everyone and the price tanked again. Basically, self-interest killed profits for all even though they would have earned more if they just held. It was interesting to watch.

rreeve

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