/biz/ - Business & Finance

OK, listen up fags. Time to have a grown man discussion. I'd like to share my thoughts on the current state of market.

Great correction that we're witnessing right now is something natural and expected. Alts had a fucking extraordinary uptrend, rising by thousands of percent in a matter of months. The greatest economic bubble EVER recorded in the history of mankind. GREATEST FUCKING EVER. Let that sink in...
Yet we have those alts, which were pumped solely on speculation and promises. Literally, billions of dollars were "invested" in questionable companies created out of vogue and greed. People bought flashy suits and promises rather than functionality and real use. Fucking unbelievable. You wonder how? Why would experienced investors fell for it?
The answer is easy. They didn't. Normies did. Crypto was different than Forex, assets and traditional ways of investing money. It's different because it's easy. Every fucking dumbass can just transfer $100 to exchange and buy some ETH. You need like a couple of minutes and you're a part of the market already! No licenses, no procedures, nothing. A little earlier, when BTC went viral on (((social media))) normies started to flood the market pumping it and inflating the bubble. Pumping not only with money but also by spreading the word and talking about it everywhere. At some point, more than 10% of US citizens owned crypto - sick!
So all this stupid money flooded the market and bought into those stupid projects while big game hunters were slowly backing off with their profits.

>>10531456
>buy high sell low

You never learn /biz/.

Can somebody tell me WTF is happening here. Competitions is over long time ago.
What is this bot doing? Trading with itself to increase volume? What's the point? This shitcoin is getting pumped af.
Look at the orderbook. It's all buys.
https://www.kucoin.com/#/trade.pro/KICK-ETH

This is kinda rare, I posted it only once here. I don't know the autor but still happy to show you

>>8142912
>Is this shit worth buying?
DYOR ffs, one of the most promising ICOs there are.

Also use my ref for bonus
https://sale.sharpay.io/cabinet/ref/Q0pWNFdRQkdjSXYvZ3RVdXQrTWtUdz09

>>8117054