"Embrace the Bear!"
We’ve all seen the charts, each one of us has observed massive swings and volatility across the spectrum of markets; a trend which seems to define this new asset class.
Having developed three types of Cryptocurrency myself, promoting ICO’s and witnessing the dramas unfold; I can honestly state that all prices, across all markets are indeed being artificially suppressed. In the main, this can be seen and illustrated via a huge Whale investor entering the market, initially pushing up prices, then selling them off at a loss! This coordinated events has been reported by numerous independent exchanges across the world and this practice is rampant today - plaguing established platforms and hampering new and exciting competitors to the markets.
My personal belief dictates, that only an international monetary policy with a backing / coordinated team of 3000 or so; who are willing to lose money are complicit in this market manipulation, and can be identified only by those able to print free money into existence. Moreover, typing digits onto a screen, transferring these to the nears exchange account. In an attempt to put the genie back into the bottle, to close the stable door once the horse has bolted. The offending group is both figuratively and literally ‘spending a penny!’
The objectives here, I suspect, are to numerous too fully list though other articles have and will highlight these in more depth. As a heuristic, its simply to shake the tree in order to see who falls out! To disrupt the markets, to such an extent that no self respecting Hedge-fund Manager, Investment Banker, Financial Advisor will risk there fiat assets in the Crypto sphere. Though Cryptocurrencies have come under fire from many other angles I.e. SEC, mainstream media etc, I’d like to point out a major flaw in their attempts to suppress the actual price of each coin and remind these players that cryptocurrencies are not merely financial products, but individual snippets of data. Programmable money - ‘Programmy’!
If you have experience in both the stocks ’n’ shares and Crypto market, you will easy observe similarities in the price manipulation. You’re be able to spot the pump and dumps etc.. But Cryptocurrency serves a greater function than merely a financial one, and following my explanation , hopefully you will agree - this is why you should ‘embrace the Bear’.
"This is GREAT for the Exchanges, no matter the price..."
My first point concerns the Exchanges, this price suppression, manipulation, ‘grizzly attack’ requires an enormous amount of money! For example, the entire market cap has been known to swing to the tune of billions throughout the day. This is GREAT for the Exchanges, no matter the price. Cryptocurrency Exchanges are becoming the post-modern sugar, cotton barons of the millennium. Their profits are so astronomical, that one recently hacked exchange, cleared entirely of it’s holding stock by criminals, was able to refund each and every patron - cementing both the morality and ethical underpinning of the industry. A fact not lost on the people of Cyprus!
This deluge of capital has been reinvested, not only into the IT security features of the exchanges, the networks and transactions / process technologies, but almost every Exchange are developing their own super efficient Altcoin, with vastly more intelligent protocols, security measures and reporting tools, which make stocks and shares analysis look like an infants drawing - with a blunt crayon! Thanks to this unprecedented intervention, the supporters are able to test, analyze, scrutinize all facets of the cryptocurrency market at an enterprise level - improving services exponentially as they go!
To my second point! Do you recall the crash of 2008, when the sub-prime mortgage market supposedly exploded? I believe this can be in-part, attributed to financial transactions moving away from the legacy Swift system, over to alternative forms of exchange. Though this appears to be tapering off due to bitcoin losing it’s dominance in the cryptocurrency space; nonetheless, one can only imagine the effects to the banking industry, after removing 400,000 transactions from their systems and this is only counting Bitcoin! I truly believe the economic slowdown only resides in the centralized banking sector, which is only set to continue.
Thanks to this Bear market, you will soon see human capital flight to these secure, reliable, bureaucratically free safe havens on the decentralized utopia. IT specialist seeking better pay, options and ownership of the systems which they gladly create and maintain, will begin to demand an alternative remuneration package, that doesn’t include fiat money and curtails the theft of unto 40% tax. I called the top of the DJIA market back in April of this year; and my next prediction, whilst labored will also come to pass.
Once Exchanges and the cryptocurrency industry has gained sufficient momentum (mainly due to the grizzly attack), they will have enough technical, financial and confidence to expand into every sector of the financial ecosphere. From the labour markets, down to the agricultural level. Once the snake like grasp of the central banks is broken, by their own demise - you will see them dropping like flies, unable to compete, unable to evolve.
So for now, embrace the Bear! The Bear is your friend! Demand evermore decentralized / transparent systems and secure your major crypto-assets locally. Demand incentive payments in cryptocurrency, request goods and services be met with your preferred Altcoin of choice. Create your smart contracts, trust-funds, and data storage to be blockchain compatible. The decentralized revolution is here! Embrace each twist and turn, take command, create and support a fair, and open system for the benefit of all.