I rarely interact with forum posters, but I find it interesting that the beliefs of these people stem from clichés and common beliefs of "the crowd."
First I must mention that "the crowd" is always wrong, hence the 1% vs 99% Rich/Poor ratio that exists in every country in the world. This ratio even appears in the amazonian tribes, and african villages. Wealth always concentrates in the hands of the few. The cream always rises to the top.
It all starts with the mind and how one perceives reality.
Let's say AAPL stock goes up 90% in a 12 month time span, is this because "traders" decided to buy apple stock en masse and drive up the price without even the thought of cashing out at a minor 12% profit (like most humans do, due to low self esteem and 'perceived' limitation). The short answer is HELL NO. Any stock that jumps 90%+ in a year only does so when Goldman Sachs (and etc) instructs their market makers to "buy the sell side." They push billions into the sell side over several months (sometimes several years), and then collect two times their money (or more) when they begin to sell onto the buy side over the following months/years.
If traders were honey bees, then VOLUME and paper profits = the honey.
And why do people here refer to every alt as a scam? Dont they realise that when an alt suceeds, everyone makes money, even the latecomers?
Traders make the latecomer's money into there wallets.
Engrish?
Is an alt a scam because it has a premine? UsuallyWell dont you realise that without a premine, the dev cannot do anything to push value into his market? the coin should be valued on its merits, not the dev's advertisment budget
Since you are obviously a fan of the common cliché, I'll give you one that you'd probably appreciate
Blue pill, or Red pill?
This is your last chance. After this, there is no turning back. You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - I show you how deep the rabbit-hole goes.
REVELATION:
Supply and demand does not apply to trading.
The Banks are failing, Gold is plunging in price - why isn't there a big gold rally? How much money would it take for the price fixers to "buy the sell side" and push the price up? Billions?... Trillions?... Quadrillions? They don't have the mula...
Why don't they have the mula? Because they have already done their buying
So, the price of gold is going down, what does this mean? is it the "traders" (commoners) that are selling because they are so wise that they are finally willing to go against "the crowd" and against the common cliche that dictates that when the banks are failing and interest rates are jumping, then gold "ALWAYS" goes to the moon?
Well no, actually "traders" are still placing their buy orders - because they have been programmed over the last ten years to "perceive" gold as a hedge against financial crisis. So they are actually trying to "get in cheap," but the price keeps on falling
Why is this? Because Goldman and
The London Gold Price Fixing Company etc have
spent the last 10 years "buying the sell side" and putting trillions into pushing up the price. They are now taking their profits by selling onto the buy side, and will be doing so over the next several years - hence, BITCOIN dubbed "digital gold"
Everything is just a rich man's trickREVELATION:
Supply and demand does not apply to tradingThis is the statement I most agree with
The price of a coin is dictated by its perceived value, by traders.
The price of these 'coins' are dictated by the law of supply and demand.
Just because you "agree," doesn't make it factual
Idlers make decisions based on "consensus" because it prevents them from having to think.
With altcoins, no premine = no incentive for the dev to "buy the sell side" which equals no price increase, which = dead market.
You say premines are bad because you have been programmed to believe that.
You say that "traders" and "supply and demand" creates "value" because you have been programmed to believe that.
There are alt currencies with zero fan fare, that have incredible runs of high volume and continuous trading. How is this possible? It's because the DEV is wealthy enough to "buy the sell side" and then double up (or much more) when he sells onto the buy side in a controlled manner.
Everyone benefits, especially when the DEV returns and buys the sell side again which you guys, the profane as I like to call you, refer to as "pumping."
If you have ever made money trading an altcoin, then that money has come directly out of the pocket of a developer. Because he had the security of a premine that would allow him to make his money back in the future.
So I'll leave you with this.
A computer is very predictable. If I put bitcointalk.org into my google chrome address bar and then hit enter, I will end up at this forum. Well.. human beings are biological computers that operate in much the same way.
I wonder how many posts until we get a response written in full Engrish
