Crypto Market Manipulation Creates a Bloody Sunday
My experiences in Crypto this year have been very educational. I learned more about the market in the past few weeks than ever before. But the sad thing is that I lost money. I made many stupid mistakes. I learned that the best time to buy crypto is at a low price. However, I learned that even that does not matter in the short term.
I learned that I am not good at day trading. Being a small investor, I learned that day trading is very expensive. Why? Because the gas fees are expensive. The more money you trade, the more money the exchanges take. But that is not the reason why I am writing this article. I am learning that there is something more going on in the crypto currency market. There is something very bad happening. I think the Billionaires are having fun with the small investors.
Small investors are getting excited about the Bull run of 2021. But the short sellers are wrecking the market. I believe that much of this is do to the fact that people do not have jobs. Also, people are looking for a get rich quick scenario. Well, I learned that it is possible, but it takes great patience. It also takes researching the fundamentals of a token or coin.
As a small investor, I learned that there is no way to get rich off of Bitcoin or Ethereum. You need more coins to multiply the profit for greater gains. Also, if you take the risk of investing into an alt coin, there is a greater risk of losing your money. So my strategy, is long term investing into a project I believe in. I decided that it is more spiritually and materially better to invest in something that has great fundamentals. I do not have endless coins to throw around different coins for a big portfolio.
I only have a limited amount of money to invest. So I invested in coins with APY opportunities. There are some coins that are worth researching for long term investing to accrue interest. As a small investor, if you do this strategy, you no longer care about the short selling. It takes away the stress of worrying if you are going to lose your money. So, only invest money that you can afford to lose.
But the main reason why I am writing this article is to let you know that the crypto currency market is being manipulated. There are certain people that are dumping or selling the coins to bring the price down. I noticed this tends to happen frequently on a Sunday. I do know who is doing this. But I am sure some of you know as well. The unfortunate thing is that when these huge sell offs happen, it hurts small investors in the short term. So be aware of short term day trading in an unstable market.
There are many people out there that are wealthy that are manipulating the crypto currency market on purpose. The rich are getting richer. The poor are getting poorer. That same greedy mentality is very hectic in the crypto universe. It is too bad there is no way to control the market manipulation. Maybe in the future they can control the percentage of sell offs. But for now, it is like the wild wild west in crypto currency. Crypto is still too new before the future can solve this problem for new small investors.
I only hope the crypto universe improves in selling and buying. I agree it is fine to take profits from short selling. It is healthy to create dips in the market for buying. However, the huge dumps hurts the market. Bitcoin and Ethereum control all the other coins. There is a network. That is why you see so much red. So maybe they should call it "Bloody Sunday." Many small investors have families. They need a chance to get into the crypto market without losing all their money short term. Many people are in need right now. We need to stop the market manipulation. So coders get to work to help the market become a much better safer place. Peace be with you.