It would appear that they have already moved into a controlling position in crypto awhile ago. It could be advantageous to follow their prompts, at least in the short term. Since the narrative they're pushing is encouraging people to use fiat to buy Btc. It would be more correct to assume this is exactly what they want people to do...for now. This is their game, they won't allow any competition to their money monopoly.
Just pay attention to any new developments on the horizon, and adjust a portfolio accordingly to maximise benefit and lessen losses. They pump, they dump, they rugpull, they think our suffering is highly amusing.
When it comes to pump and dump I've been the benefactor every time. I don't do the same type of technical analysis as others. I always invest based on principle. Some people tell me that's a bad way to invest but for some reason I make money on every side. Apparently understanding economics is better than technical analysis but none of these "day traders" will admit it.
When a pump and dump happens who do you think they are taking money from? It's the predictable day traders all following the same patterns, chasing what is trending. Pump and dump doesn't work unless there is some party in the market who is dumb enough to trade following a script and whose script you can exploit, predictably.
By that I know when we are in a time that buying a dip is smart vs when it is not. The problem with the day traders is they will buy a dip only considering the shape of some graph with no consideration for what is going on more generally or what is making it happen. They trade without context, which is the dumbest thing you can do.
So they buy the dip and allow folks like me and those elites you hate so much a chance to exit. Then they are surprised when after buying the dip, the market falls under them. And they cry "but the graph had the shape of that one time I made money. Why is this so inconsistent?" Because the shape of a graph doesn't fucking matter.
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