DON'T FOLLOW WHAT THE RICH SAY; FOLLOW WHAT THE RICH ARE DOING

in crypto •  6 months ago

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So lately the crypto community has been all a buzz about real/fake news and how it's used to manipulate the market. This is nothing new, and if you have been following us for a while, you know that we have written about this often in the past.

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CNBC is the current butt of jokes in the crypto community, what they have been doing is manipulating the masses so that the market will continue to decline. The act of those in "power" using their "knowledge" to manipulate the general population is an ancient tool of control.

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One of my favorite foreign shows of all time is a Korean series called, "Queen Seondeok" . It's a historical fiction series about how Korea came to be ruled by a great queen who wanted to demystify magic by educating the people of the land. Throughout the series, the wealthy and powerful class, manipulated the commoners by predicting the weather and the elements. The commoners relied on the rich to predict when the best time to plant and harvest their crops; because of this the rich were treated as messengers of the Gods. However, the rich having resources like historical reference of weather patterns, science, math and probability used their knowledge to manipulate the common person, thus gaining more power and influence.

Does this sound familiar? This practice of withholding news, twisting inside knowledge, inaccurate reporting, etc.. in such a way to try to get people to believe certain things or do certain things can be seen not just in the crypto market, but everywhere. This is why it is important to do your due diligence, and do your own research. Education really is the key to success, and being an educated investor can make a difference in the $$$ gains you see.

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Even more interesting to me is that although the market may seem at times to react to the news, the wealthiest people in the world could care less about the news. They are the ones who make the news, and this is why it's so important to base your decisions on not what they SAY, but what they DO. In essence, follow the money. With so many media sources saying negative things about Bitcoin, you have to ask yourself, if Bitcoin was so horrible, then why are HUGE institutions investing millions and billions of dollars in it?

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[Knowledge is Power] + [Time is Money] = $ucce$$!!!

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All content found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or supplemental information, expressed or implied herein, are for, entertainment or educational purposes only and should not be construed as personal investment advice. We are not financial advisors. It is very important that you do your own research and due diligence as to make the best informed decision. Always DYOR = Do Your Own Research.

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One thing is to hear, read or in other ways piciking up what the rich are doing...another thing is to see what they are actually doing...not an easy one!! How do you manage that?

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Following what the rich are doing is not easy but if you read around and start to follow certain trusted source they often report the real news of what the rich are investing in. These media sources are normally buried by the bigger news organizations thus making it harder to find, but they are there if you do the research. Once you find these source research to find then credible and you will see for yourself the truth.

Here is an example.
The mass media is stating that bitcoin is a fraud for months now, but whales (very wealthy investors) are actually buying bitcoin in over the counter (OTC) services in order not to drive the price up. Why would whales buy bitcoin if its a fraud? It's the things that make you go hmmmm..

https://vinnylingham.com/the-1-dont-use-bitcoin-exchanges-ff019774d886
https://blockonomi.com/bitcoin-otc/
https://news.bitcoin.com/inside-the-competitive-world-of-otc-bitcoin-trading/
https://news.bitcoin.com/otc-cryptocurrency-desks-trade-billions-over-skype/

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Thanks for the quick reply...Where do you see that they actually buy, and who is buying?

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Lol very educational ;o! +1 upvote and a follow :D! And people are sheep. We always take the road of the least resistance and do exactly what sounds descent.

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