In 2016/2017, a player entered the cryptosphere. Using, by my estimation, 10 billion dollars and some very impressive trading algorithms, this person/entity was able to defeat every OG trader and accumulate ~99% of all crypto. This entity controls both sides of every pair on every major exchange.
I believe these folks are wicked and will dump everything at once, again, to embarrass the president of the US. It became evident that this player also runs the trading show everywhere else, during the 2020 event. I'm not interested in the politics, but I do see the motive clearly, by the narrative being run on almost every news station.
I'm sure it sounds crazy, but consider a game of Monopoly. As with any trading game, when played to completion, one player ends up with a majority of the board and the money. It's not as scary as it sounds, because value is created daily. The whole thing is dictated by God. Remember to produce more than you consume and everything will be alright. I recommend agriculture. Famine is coming.
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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.