Understand Thy Enemy, He Is You
The cryptotrading community has a major obstacle to overcome, and it is...itself. Too many of these market gyrations are due to individuals being far too emotional. What the Chinese do or Jamie Diamon says, could have very little impact, if it weren't for the volatility of the individual investor. In addition, rumors should NEVER be passed along. You are only harming yourselves. Of course people like Jamie Diamon are going to talk shit about cryptos. They know the average investor in this market has no discipline. It's so easy for these people to make people panic, and get in at a lower price. But the business model employed by banks, is facing extinction, and what can anyone expect of them, but to use every means, by which to gain a dominant position in the next phase of economics. The Chinese are no different, however, due to lazy and dishonest journalists, we have all been led to believe china is a powerhouse, and leader of the next epoch in human history. I have been involved in china since 2008; even lived there for 7 years, and still have businesses there. I go up there once a month in fact. I have done contract work for the Chinese government, and continuously work with all manner of people in china, including military and government members. Many facts about china are unknown to most outsiders. Corruption is rampant in every facet of Chinese life. Parents even have to gift teachers with iPhones and red envelopes, to insure their children are treated fairly. Principals demand massive cash gifts to be considered eligible for enrollment. Like I said, corruption infests every part of life, but there are far worse problems. Concerning ICO scrutiny and closing of exchanges, the only plausible reason would be that Party officials are demanding a cut of the action, and also driving prices down for their own purchases. Here are a few facts about china: in 2008, china injected the equivalent of US$30 trillion into the banks, to avoid collapse. China's debt is 300%+ GDP, and growing. 78% of business loans in china, are underwater. Recently, china is bleeding over $2 trillion offshore, each year. Capital controls are strict, but there are many work arounds. Growth rates published, are absolute lies. Power usage, and shipping have fallen off a cliff. The figure of 6% growth, is missing a major component: a minus sign. So -6% is much closer to the truth. Every month I go back, I'm amazed by the amount of idle skyscraper projects. Those cranes are very expensive, but there they sit rusting. Not a living soul to be seen. From my house to the airport, a very small subsection of the city, I've counted 40 such products. China's military is definitely not a meritocracy. Rank is bought. I've known people whose families have emptied their bank accounts to get their idiotic son to the rank of colonel. At such a point, materials are stolen and sold wholesale. Studies have shown that in a non-nuclear war, Taiwan and Japan could destroy the PLA within 2 weeks. There are so many more examples I could site, but you get the idea. China is a paper tiger, and everyone's trying to get their funds and family out. With blockchain technology, the Party is powerless. But this short essay is not just about American bankers and the Chinese government. As a species, humans have been kept in positions of serfdom for all of our recorded history. This is the first chance we have at freedom. Every time a downturn occurs, everyone panics and runs for the exit. That's when the enemies of freedom swoop in to buy up everything the emotionally weak, panic dump. You are enabling our oppressors every time you sell in a downturn. . If you are in a tanking shitcoin, of course dump it and buy back into a top 10 coin/token. If you are invested in top 10-15 coins, and you aren't looking into buying more at a lower price, then just hold, and stay off the computer for a couple days. It always recovers, because it must. Within a year, the total market cap is projected to be over $1 trillion. Don't give your wealth up in a panic. Go out. Get high. Shag a cutie. Just don't sell. If we can all do this, we will become much wealthier, much sooner. Believe me, we are at war, and this war can be won just by checking your emotions. Please consider my thoughts, not as a putdown, but as necessary for fighting a war for our freedom. You'll never get such an opportunity again.
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