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February 10, 2018, 11:54:59 PM Last edit: February 11, 2018, 09:08:47 AM by Keepthecash |
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I've been watching curiously the crypto phenomena
If you have many billions of dollars you can make a healthy profit on bitcoin Sell big and the price starts moving downwards Buy big and the price starts to move upwards Sit on fluctuations and transact at the best time, generally when the trend reaches a plaeteau
With a 100% to 300% swing, you are making a killing of millions of $$ at the expense of others. The losers are small time investors who don't influence pricing, panic and sell when price starts to drop.
There is no tangible support (eg new technologies, scientific breakthroughs, strong management, discovered commodity resources) for this type of 'stock'. It is pure speculation and hype.
Hats off to the geniuses behind this clever legal money making scheme. They are maximising profits and laughing all the way to the bank, driving in the Nakamoto armoured vehicle. Small players are donating part of their savings every day.
Wake up!
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