I'm not quite in the green yet with all of my buys, but I'm getting there. XRP took a hit, but eh. In a year I won't remember it.
VeChain has performed fantastically.
IOTA lost more than 50%, which sucks, but they were struggling to maintain ATHs. Half the real investment was scared money and pump-n-dump crews.
That's something else that's been bugging the crap out of me. Everywhere you go on Twitter where the #crypto hashtags are concerned people are forming
pumping parties. Calling themselves investors. Some just straight-up tell you they're a pumping party. Every last one of these pumping parties is a
pyramid scheme. Reddit has a lot of pump-n-dump crews forming, so does Facebook and other social media.
Some of them may actually be getting started using state money. Meaning regimes like North Korea might actually be manipulating the market via
organized pump-n-dump parties. There is nothing to stop them, and they know they can hit South Korean and American investors for half their wallets to
fund themselves in this manner.
I believe with the economy of the future the economic war of the future will come with it.
This is becoming the next real issue to tackle. They pop up during these down times.
No one knows exactly how much volume can be attributed to their activities. But they are highly organized, operate like a pyramid scheme(except far
more insulated), and operate in cells to tackle different blocks of the space:
ICO contamination(they are usually early buyers), social media contamination(like spamming but far more sophisticated), fake commercials, and en masse
recruiting under the guise of investment brokerage or profit-sharing.
They hook a crap-load of people as cattle to milk to get their target coin pumped as high as it will go. When THEY(in top of the pyramid) decide to
stop the operation and exit, they take off with massive profits and 80% of investors are left holding a bag of #.
People are doing it with BitConnect RIGHT NOW. It's insane!
This coin should be worth nothing. But ORGANIZED pump and dump teams are trying to sucker in the rest of the BCC bagholders.
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