So cheeky, so spot on!!! Traders are the best!. Most of the volatility in the market is due to traders and even more so the ones using leverage. It's partly why whales and exchanges have such an easy task manipulating the market, a little massage here and there and the greedy leverage traders positions cascade into liquidation. Great for us who wait for the dips and eat them up. Good article, cheers mate
Feb 6, 2022·edited Feb 6, 2022Liked by Mark Helfman
"Trade our government’s money for a stake in the financial networks of the future."
Well, this kind of states who wins and who loses well.
If you were in Russia or China or some other auto/kleptocratic state or totalitarian regime this would be a truly positive statement to cheer about and promote.
However, if you were in the declining number of liberal democracies, well, you'd be doing China and Russia and their FaF a great favor.
Can you please list the governments whose currency you are seeking to undermine and why?
Interesting how over time crypto is becoming more and more like stocks as institutional traders pile in. In a way - it should make it more predictable as to what happens from a macro level. Alt coins are a different beast but BTC and maybe even ETH are now following the trends much more of the general stock market. Once a spot ETF is finally approved for BTC, this trend for institutional trading is going to explode I think. In terms of leverage, it’s been had a volatile impact on the market. Look at the Wonderland TIME rebasing token for a classic example. Cascading liquidations were brutal and have me questioning whether some kind of regulation is needed on that front to prevent the repeat of those kind of events.
When i read Reminiscences of a Stock Operator i changed my mind. İ was thinking trade is everything. İn this book first part will agree. But just keep reading. İ dont need trade anymore. Hodl hodl.
I realized some facts. I used to be mad at these people. But I realize that there is no harm in these people. They're just blowing new investors' minds. Frankly, I liken the crypto market to a gym. Just like those who think that they will improve with Split training, and real athletes.
So cheeky, so spot on!!! Traders are the best!. Most of the volatility in the market is due to traders and even more so the ones using leverage. It's partly why whales and exchanges have such an easy task manipulating the market, a little massage here and there and the greedy leverage traders positions cascade into liquidation. Great for us who wait for the dips and eat them up. Good article, cheers mate
"Trade our government’s money for a stake in the financial networks of the future."
Well, this kind of states who wins and who loses well.
If you were in Russia or China or some other auto/kleptocratic state or totalitarian regime this would be a truly positive statement to cheer about and promote.
However, if you were in the declining number of liberal democracies, well, you'd be doing China and Russia and their FaF a great favor.
Can you please list the governments whose currency you are seeking to undermine and why?
(I will bet there will be no response)
Interesting how over time crypto is becoming more and more like stocks as institutional traders pile in. In a way - it should make it more predictable as to what happens from a macro level. Alt coins are a different beast but BTC and maybe even ETH are now following the trends much more of the general stock market. Once a spot ETF is finally approved for BTC, this trend for institutional trading is going to explode I think. In terms of leverage, it’s been had a volatile impact on the market. Look at the Wonderland TIME rebasing token for a classic example. Cascading liquidations were brutal and have me questioning whether some kind of regulation is needed on that front to prevent the repeat of those kind of events.
The bitcoin trader price effect.......interesting
Uuhhhmm, you're welcome!!
When i read Reminiscences of a Stock Operator i changed my mind. İ was thinking trade is everything. İn this book first part will agree. But just keep reading. İ dont need trade anymore. Hodl hodl.
I realized some facts. I used to be mad at these people. But I realize that there is no harm in these people. They're just blowing new investors' minds. Frankly, I liken the crypto market to a gym. Just like those who think that they will improve with Split training, and real athletes.
Thank you for the nice article.
Yea bitcoin is just outta my comfort zone can't make money with it seems pointless kinda