Crypto whistles, who they are, why they are needed or advice to novice traders

in #thallid7 years ago

Has received today in TG such question from the old friend, well and it has induced me to write such post-warning about possible pitfalls for beginning traders.
In the narrow sense of this concept, a crypto-hamster can be called any novice and inexperienced crypto-currency trader, but in a broader sense - everything is more complicated.
The fact is that any crypto currency is a financial pyramid and a potential scum, because it is not backed by any material values ​​and in general with no guarantees, except for the faith of the coin holders in the fact that when it is needed - someone will buy this coin from a good price. In addition, there is a whole layer of people who earn on this coin in the process of its turnover - these are exchangers who take their commission, these are traders who earn on fluctuations in the exchange rate, periodically fixing their profits, these are Holder who buy a coin, keep it on their wallets, waiting for a global multiple growth rate to then profitably sell, etc..
That is, all these are people who bite off their pieces from a pie, take this money out to the Fiat and spend it on their own needs. But I think that it is not necessary to explain that in speculation alone, out of nowhere, money can not be taken, in order for someone to make money on it - someone else must lose money. These are the very cryptomachines that are losing, and due to their losses, they keep afloat a huge financial pyramid called "the market of crypto-currencies" for a long time.
Pumping money out of their wallets is called a haircut of hamsters , and the same hamster, as a rule, shear many times and in different ways.

Method 1 - at the entry stage .
The first method is a haircut at the stage of entering the hamster in kryptor cells. So, the hamster, having looked in YouTube about a couple of stories about successful traders who have earned millions of dollars almost from scratch, decides to become a successful trader too, buy a little crypts, bargain on the exchange and make their coveted X1000. In fact, for an uninitiated person who has never turned in these circles, there are very few ways to exchange fiatnye money (well, that is, dollars, rubles, hryvnia, etc.) on the crypt without significant losses, and if to say even easier - then there is a unique hamster a way to do it - type in Google search query "buy Bitcoin."
Google will helpfully give the hamster a list of Internet exchangers, which have one thing in common - the horse commission for the exchange service. For example, when buying Bitcoin (and about other currencies the hamster knows little and does not trust them much), the exchanger will withhold 30 percent of the commission from him, and even after the transaction, 10 percent will be eaten by the block, because the average hamster pours in the amount of around 100-200 dollars.
Tip : If you made a firm decision to become a trader, do not stuff yourself with bumps, ask someone to help you in the topic and trust him-surely he or he will exchange you a few coins for the sane course, or he will have acquaintances from kriptotusovki who want to exchange, without throwing at the same time.

Method 2 - on the ICO .
Let's imagine that the hamster managed to buy its 0.01 BTC, that he managed to get them to the stock exchange, while he did not throw a scraped exchanger, while he did not lose money, making an error when copying the address, etc. Having been authorized on the exchange, the first thing he sees from what he knows is the trollbox (in other words, the chat room). All the rest - some graphics, curves, candles, columns with a bunch of digits, are terrible and incomprehensible to him, so the first thing he does is write to the trollbox, like "boys, I'm new here (ah), tell me what to do here and with what to begin. "
In the trollbox, there must be a dude who will give the hamster a link to his VC or TG or FB, and he will say "knock I'll tell you." After the hamster knocks - this dude will tell him fucking ... a beautiful story about how home-grown IT-talent came up with a new generation of crypto currency, for years ahead of the technological level, everything that was ever invented before, and how his ingenious invention , seeing in it the prospect, supported by all the sharks of the financial market, even the president of some big Swiss bank there bought these coins. He will also tell you in a clever manner that in six months or a year this currency will be released into the top, it will shut up all that exists at the moment, become the main global electronic means of payment and its rate will soar in thousands or even tens of thousands of times, and you , a hamster,
What ends this divorce - I think everyone is already clear, as one serious trader from Golos said, the combination ends predictably: "Guys in Hawaii, and you are an investor" =)
I especially ask you to beware of the ICO promoted in the countries of the former USSR, since 99.9% of them - this is a notorious scam, and the entire campaign was organized exclusively for cutting hamsters.
Tip : Do not invest your blood in a little-known and obscure ICO, if you really want to play it - take part in the eyrrdrop / bounty programs and you'll get a few tokens for free or in exchange for some simple action like apa and / or repost.
For example, once, at RuDEX, I, within the framework of such a program, received 500 SEED tokens, a total of about $ 10, which then, during the pampa, sold for $ 25. But then, as lucky as you can, you can cross, and maybe scam, which was a coin with an intriguing name ZALUPA, which according to many traders at the time of listing was considered very promising, and now it costs $ 0.0000068. However, it can be bought as a souvenir solely for the sake of the name and a reminder to itself of the main precept of the crypt market - " Do not be a hamster !"

Method 3 - signals, trade, bull / bear / walrus markets
I think everyone who has dealt with the crypt heard about the signals. It's like when some guy creates a site or group in VC or a channel in TG, where he declares himself to be a fucking analyst (yes, probably from the word "anal"), he comes up with a beautiful story about how, using his predictions and predictions, thousands of people became very rich (and why did not you become rich then, since you're so clever?), and begins to publish your course vangovaniya. It's good, if it's an ordinary dilettante, who is trying to raise his self-esteem in this way. But most often the signals are not dilettantism, but part of a well-planned scheme for cutting hamsters, which is implemented approximately like this:
There is a signal that at such and such an exchange tonight there will be a dump of such and such a coin with a recommendation to buy this coin while cheap, because the dump is artificial and after its end, the price of the coin will rise again. Hamsters crowd run to this exchange waiting for a dump (by the way, a hamster, always running somewhere, he can not sit still, he must constantly do something, commit some inadequate actions, even if nothing is done at the moment And the hamster usually runs where there is no more money). The hamsters came running to the exchange, there really was a light dump of the promised coin, the hamsters were stingy and amicably waiting for the rebound. And at this time, large holders of this coin, begin to massively place warrants for sale at a low price, because of which the course is almost at right angles, a long candle rushes down. Frightened hamsters, which are already stingy as they say "for the whole cutlet", start frantically selling what they bought at any rate and for any money for which at least someone can sell this coin (in any case, obviously cheaper than they bought), thereby further strengthening the panic and further crashing the course, as a result of the remaining zazevavshiesya hamsters, sell their remains of coins for quite some ridiculous penny. Well, it always happens, hamsters for some reason are always sure that any fall in the rate is lower than they expected and expected, or lower than they read on the site with signals - it's all, the bubble burst, the pyramid has collapsed, it's necessary save at least something that can still be saved. " And the large holders of the stacks, the so-called "bulls" at this time quietly withdraw their unused warrants and allow the market to independently level the situation, after which they gradually sell their coins already at a normal rate, which they bought for pennies from panicking hamsters and fix profits. This is how it works, ladies and gentlemen. The wool flies, the hamster flees, the wool is trimmed, the hamster is without money. Thus, due to the money of hamsters, there exists and successfully operates a huge crypto-currency market that without long-term irrevocable infusions would have long ago ceased to exist.
Council (two) :

Do not pour into the crypt and do not go for money whose loss is catastrophic for you, only go for what you are not afraid to lose.
Never panic. In 9 out of 10 cases, after a dump (a sharp drop in the rate), a rebound occurs in the very near future, often it is inertia that even bends the stick with the course in the opposite direction a little more than it was before it fell. Do not fuss, do not make sharp movements. Wait a day or two, everything will settle down, everything will return to normal - even earn. It did not come back to normal - wait a week or two, it will not be worse anyway. The remaining tenth case is the so-called force majeure, or a situation called the "black swan" in the world of crypto-enthusiasts, such as delisting a coin from a large stock exchange, breaking a stock exchange with subsequent theft, death / bankruptcy of a large funder, etc. It happens, from this no one is immune, and in order not to get burned on it, see item 1.