The visible hand controling the market is: rumours, gossip, false news and or lies! Who ever would have thought that? Well, it already had been pointed out to me that economy is not an exact science. So, maybe it should not be taught at school pretending it is. The art of speculation, so it would become an art class. While a real lesson would be about keeping a balance in your life, but that would still be a lot of speculation. Or just teach how money is actually created and how this is a monopoly game controlled by those who invented it and want to keep it that way. That is why there might be panic selling when so called 'bitcoin expert' sites start to spread rumours about the magic word: 'China'.
Still, I'm very at peace right now, outside the snow is falling and next week I will be able to iceskate on natural ice again, finally. Bought some Zcash recently, even though that still has not shown its true potential. And I guess the Zcash investors have to wait until China (and there it is the magic word!) will understand this and start to fire up their mining farms. Yes, you might expect this to happen soon. Oh, come on you expert sites, now spread this one, it is almost true, closer to the truth anyway then all those rumours some of you lately spread. How do I know? Well, it is basicly the secure Bitcoin for the near future. Where it will get more interesting for miners soon to get mining. Never mind the crazy price when Zcash started.
Rumours are that Zcash will take over the Bitcoin market
See, that is how easy it is to spread a rumour. Some might even want to spread it more at any social media platform. But remember, I did put in there that it was a rumour. Still, this might be give a boost to Bitcoin. Because speculators, the Artificial Intelligent trading software, and the trading trailers, might want to buy Bitcoin in massive numbers, before they put their expensive BTC into ZEC. This kind of trading thing I do in my CoinOmi Wallet, sorry only Android until now. And I also have my NuBits there to use the leverage trick. Put Bitcoin in there when it is very high, then wait until there is some rumour about, watch it, China, again and the price of BTC drops, then use NuBits to buy the cheap Bitcoin again.
Do not take this as a strategy that you could copy, it would work with Steem and Steem Backed Dollar too, by the way, it is still a gamble. Because you never might know up front when to use the leverage trick. Which proves to me, again, that one of the major warnings should be, up front: "Only put in what you are willing and able to lose!" So, it is your choice, before you start to make me resposible for your losses, but not rewarding me for your gain, I have a crystal ball, use tea leaves and there is still this thing which involves: three pigs, a bucket and some truffels. But still, only the bucket I managed to get hold of.
My point being? Well, it will only get as serious as you take it.
Set aside some for the future and some for play
It is weird though, that rumours can start a severe drop in the complete crypto fiat valuta market. And when one thinks about that avalange effect, then one might suspect some of those so called expert sites of spreading rumours on purpose. Because when it is news, as a science, then it should be proveable true. But can we blaim them? Maybe the advertisement does not make them enough, but buying some BTC cheap, knowing it will pick up after a panic crash would. Still, the ones not double checking facts before they panic, well, who is to blame in the end?
So far, for me, the thing that worked is to put some aside for real life usage. Paying bills, for instance and to keep some for 'speculations'. That is not a golden rule, but I know that if some lose, a few gain profit. And the other way around. If a lot gamble wrong, or panic sell, a few that keep their cool will gain a lot of profit in a short period of time. Still, I need to remind some maybe again: never put in more that you are able and willing to lose.
Taking huge financial risks in what can be manipulated by rumours is a dangerous speculation game. Still, I kept my cool every time the magical word 'China' starts to stir the market with its apparant magical hand.
Now I still need three pigs to find me those truffels
The bucket I already have, but no farmer here in the neighbourhood wants to lend me three pigs. Not even when I tell them how I will make a lot of money, of which they will get a massive 20%. So, I'll keep trying to become a self made crypto fiat valuta billionair without them, for now. Glad I believe in a sense all news is fake, to some point biased by the one presenting it. And when one starts to think about it, isn't it really just 'olds'?
Have a nice one, and don't take me too seriously, 'cause I don't do that myself either!
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image 'chaos' cc-by-sa @oaldamster