Artificial demand to slow down dump of bubble
Probably everybody remembers the Bitcoin Cash fork event, as a result of which the owners of Bitcoin got "free" coins and the amount of the account eq. balance has increased that pleased the eyes.
Let's try to think about the nature of this phenomenon: a new coin with a very large capitalization appeared (according resources like Coinmarketcap), but the new money did not come to the cryptocurrency. However, this balance becomes real after someone buys Bitcoin Cash from you, as a result of the first local schemes of the category of market-manipulation pump> dump> pump> large dump> megapump > dump > and pump again; so BCH began to get real capitalization. ..
Recently, BTG also appeared - BitcoinGold (we are also waiting for the silver, platinum, uranium) and what one well-known very large exchange made: for those who had BTC, it gives them BTG, it is OK - if you have BTC on your wallet, use the private key and get your coins. But there is a nuance - people who gave their BTC on % for landing will also receive BTG. You will ask "How?". Guys who take these BTC for SHORT will owe them and buy it. So, if you took BTC for the short, you have to return BTG, because exchange wants it.. And where do you get it from? That's right: you'll buy it by spending your money, it is artificial demand.
The operation of BTG bonus essentially happens TWICE.
Let's make additional forks, pump them, and let SHORT-guys buy it...Profit!
By the way, if you downloaded the source code for GitHub and compile the BTG-client, it does not connect to anything and there was a remark somewhere "Your own client will NOT WORK for both testnet and mainnet."
Decentralized cryptocurrencies without open source (or fake code). What is it for? To the scam and the manipulation of the market ...
All these reflections lead to the question of what is the capitalization of REAL capitalization cryptocurrencies?!?!
I'm not saying that right now everything will fly down. We'll go out and then breathe in with renewed power ...
Let's try to think about the nature of this phenomenon: a new coin with a very large capitalization appeared (according resources like Coinmarketcap), but the new money did not come to the cryptocurrency. However, this balance becomes real after someone buys Bitcoin Cash from you, as a result of the first local schemes of the category of market-manipulation pump> dump> pump> large dump> megapump > dump > and pump again; so BCH began to get real capitalization. ..
Recently, BTG also appeared - BitcoinGold (we are also waiting for the silver, platinum, uranium) and what one well-known very large exchange made: for those who had BTC, it gives them BTG, it is OK - if you have BTC on your wallet, use the private key and get your coins. But there is a nuance - people who gave their BTC on % for landing will also receive BTG. You will ask "How?". Guys who take these BTC for SHORT will owe them and buy it. So, if you took BTC for the short, you have to return BTG, because exchange wants it.. And where do you get it from? That's right: you'll buy it by spending your money, it is artificial demand.
The operation of BTG bonus essentially happens TWICE.
Let's make additional forks, pump them, and let SHORT-guys buy it...Profit!
By the way, if you downloaded the source code for GitHub and compile the BTG-client, it does not connect to anything and there was a remark somewhere "Your own client will NOT WORK for both testnet and mainnet."
Decentralized cryptocurrencies without open source (or fake code). What is it for? To the scam and the manipulation of the market ...
All these reflections lead to the question of what is the capitalization of REAL capitalization cryptocurrencies?!?!
I'm not saying that right now everything will fly down. We'll go out and then breathe in with renewed power ...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.