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January 23, 2022, 01:24:35 AM |
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this method is flawed beyond belief
its based on investing money based on "coinmarketcap" top 50
well its flawed because i can in 2 hours create 50 new altcoins all offering 20trillion coins each and buy just 1 coin from them for $1 each. and create my crapcoins to be the top 50 of coinmarketcap. based on their 'market cap' numbers
thus anyone investing, no matter what ratio per coin they want. end up buying my crap coins.
.. NEVER EVER make investments based on coinmarketcap.. its a meaningless stat.
although there may be say 19million btc in circulation. and the single price is $36k today. a coin marketcap is not a reserve store of dollars holding $684,000,000,000. . instead its just the estimated circulation multiplied by the latest price. even if the latest price was triggered by a very very small purchase.
Eg if one of my demo crapcoins mentioned above was bought for $1. it instantly creates a market cap of $1trill. but only $1 has ever changed hands.
yep its really easy to get a top listed crap coin onto number 1 spot based on 'market cap'
the real reason these 'divide your funds amongst the top 50'. is simply because the average amount of 'assets/stocks' a portfolio has is more like 25, meaning with everyone trying to pick the top 25 the crappier assets in 26-50 never get a chance,
heck if people have 5 investments in energy, utility, shares, commodities and crypto. usually only the top 5 cryptos even get a chance.
the article pretends to be wrote by 'whales' but it seems noobish as if its writing TO whales hoping some try this noobs method.
experienced traders know alot more then the article wants to give whales credit for, and many details in the article reveal the writer has not done much research
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